3 Dec 2024 in National Assembly:
Thank you, Hon. Temporary Speaker, for the opportunity to contribute. I was checking with the Clerk-at-the-Table to ensure I am still in the queue. First, I wish to take this opportunity to support this omnibus Business Laws (Amendment) Bill. I am very happy with this Bill because, for the first time, we are addressing issues that affect Kenyans directly. As much as I support the Bill, there are areas that I am uncomfortable with. As a legislator, I will propose amendments, especially on the issue of increasing the core capital of our banks to the tune of Ksh10 billion within ...
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3 Dec 2024 in National Assembly:
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3 Dec 2024 in National Assembly:
the industry, meaning that we are creeping back to the dark days when we only had a few banks that monopolised the market. They had created a cartel which controlled lending in terms of interest rates. They got to a place where they would not provide banking services to the so- called small traders. They would not take small monies. It is only right to increase the term from three to 10 years. We should stagger the same and require that the banks increase their core capital by Ksh1 billion every year for 10 years so that we do not ...
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3 Dec 2024 in National Assembly:
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3 Dec 2024 in National Assembly:
Kenyans are of the right standard and weight so that we do not experience the losses we have been suffering. I support the Bill. I will bring an amendment on the issue of banks' core capital to stagger the requirement within 10 years and not three years as prescribed. Thank you, Hon. Temporary Speaker.
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29 Nov 2024 in National Assembly:
Thank you, Hon. Speaker for giving me the opportunity to contribute to this very important Bill brought by my colleague, the Member for Kitui Central. From the word ‘go’, I want to support the Bill for the simple reason that we are 14 years late into aligning this Act with the realities contained in our Constitution. When it comes to matters to do with Parliament, it becomes very difficult for us to actually debate or even legislate because we are perceived by the public out there as if we are legislating for our own benefit. As a cardinal rule, even ...
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29 Nov 2024 in National Assembly:
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27 Nov 2024 in National Assembly:
Indeed, yes, Hon. Speaker. Allow me to say something.
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27 Nov 2024 in National Assembly:
Thank you, Hon. Speaker. This is a very important matter that has been brought to the attention of this House. I want to thank Hon. Boss for the Statement. However, issues related to gender-based violence are not solely in the purview of our sisters. It is a communal matter in terms of who should deal with these issues. I am a father of girls. It has, indeed, come to a time when we need to protect the gender that is endangered—women. Today we have predators in the form of men who lure our girls with cheap lies and lead them ...
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27 Nov 2024 in National Assembly:
Yes. Either way, we must address the real issues so that we tackle the issue of gender-based violence. I support the Statement and I believe that during the 16 Days of Activism against Gender Based Violence, we are going to be available
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