Wilberforce Ojiambo Oundo

All parliamentary appearances

Entries 271 to 280 of 1534.

• 18 Aug 2021 in National Assembly: The Bill intends to amend the Kenya Deposit Insurance Act and specifically, the issue of Deposit Insurance Corporation Fund on how much it can pay. There are fundamentals we need to put in place from the outset for us to understand the genesis of this matter. First of all, it is expected that people in any given jurisdiction will save. Those savings are lent to investors to invest, create jobs, buy supplies and enable running of economy. The importance of deposits in any economy cannot be gainsaid or overemphasised because they are extremely important. view
• 18 Aug 2021 in National Assembly: Secondly, it also presupposes at one time or another a deposit-taking institution will have challenges and collapse due to external, internal, extraneous and local factors. What happens therefore, in the event a deposit-taking institution has challenges meeting their obligations? It is possible this is an inherent risk in the banking industry or financial institutions. There are other mechanisms. The first mechanism is the deposit-taking institutions manage the risks on their own. Secondly, they transfer the risk. Is it with this wisdom that the Kenya Deposit Insurance Fund and the KDIC was created under the Kenya Deposit Insurance Act? The issue ... view
• 18 Aug 2021 in National Assembly: Why do financial institutions collapse? That is the question. Should they actually collapse in the first instance? There are provisions in the Banking Act and this subject Act that give the CBK, the corporation itself and other government agencies the authority and the power to supervise banks to an extent that banks do not collapse. From the first instance, if you are making a decision to deposit your money or invest, there is an expectation that any depositor will take a bit of due diligence to assess and test whether the financial institution has got capacity to manage their deposits. ... view
• 18 Aug 2021 in National Assembly: talking sales people to invest or deposit in shell companies. In many occasions, many of the institutions that have collapsed have collapsed by design. It is not by default. There was already an intention from the word go to defraud specifically the big depositors who are generally government institutions, government entities and other related entities. To imagine that an institution will fail in this modern era with a strong CBK is, therefore, to cast doubt into the ability of the Central Bank and other institutions not to have seen the signs in advance. Section 38 of the principal Act clearly ... view
• 18 Aug 2021 in National Assembly: Hon. Temporary Deputy Speaker, if the view
• 18 Aug 2021 in National Assembly: will be bear me witness, I said that 90 per cent of Kenyan deposits average between Ksh100,000 to Ksh200,000. I clearly said that today, Ksh100,000 might not look like much and we might again move that threshold to even Ksh1 billion, which is not possible under the current regime. I said that most depositors have an average of about Ksh150,000. view
• 12 Aug 2021 in National Assembly: Thank you, Hon. Speaker. For many years, tourism has been the main foreign exchange earner and a major employer in this country. Due to mismanagement of the industry and probably other geopolitics, our importance and also the contribution of tourism has been falling. It is important this petition will jolt us into action to retrospectively inquire where we went wrong. Honestly speaking, there are various cadres in many professions. If tourism is a profession, there must be a provision for the various cadres of the profession to be involved. Tour guides are the people, as Hon. Sankok has put it, ... view
• 12 Aug 2021 in National Assembly: Hon. Speaker, on behalf of Hon. Peter Kaluma, I stand to ask the Teachers Service Commission the following Question: (i) Could the Commission provide details of all teachers employed during the last recruitment exercise and explain why no applicant from Homa Bay Sub-County was recruited despite having the necessary qualifications? (ii) Could the Commission avail the grading criteria for employment of teachers and explain why the engagement of internship was accorded undue weight yet the opportunity for internship was only available for a few teachers against the very many qualified and interested teachers? (iii) Could the Commission provide the steps ... view
• 12 Aug 2021 in National Assembly: Hon. Speaker, pursuant to the provisions of Standing Order No.44 (2) (c), I rise to request for a Statement from the Chairperson of the Departmental Committee on Administration and National Security regarding the National Authority for the Campaign Against Alcohol and Drug Abuse Authority (NACADA) on progress made in treatment and rehabilitation of alcohol and drug abuse victims in the country. According to the African Journal of Alcohol and Drug Abuse published on NACADA website on 2017, the use of alcohol among people aged 15 to 65 years was the major contributor to the burden of substance abuse in Kenya. ... view
• 12 Aug 2021 in National Assembly: . Given the use of multiple drugs and substances, the prevalence stood at 6 per cent in 2017 with the Coast Region having the highest prevalence in the current polls on drug use at 8.3 per cent followed by the Eastern Region at 8.2 per cent. The North Eastern Region stands at 7.8 per cent. Furthermore, findings on substance-use disorders dependence showed that the country was struggling with an increasing burden of persons who required treatment and rehabilitation. There has been no update on the status of alcohol and drug abuse in the country to-date. It is against this background ... view