Zachary Kwenya Thuku

All parliamentary appearances

Entries 281 to 290 of 411.

• 11 Sep 2019 in National Assembly: and interest rates. That being the case, this Bill is timely in making sure that there are no ambiguities. This is also a plus because then our people are going to be shielded against unscrupulous banking practices where we have banks that operate as cartels. view
• 11 Sep 2019 in National Assembly: They have some informal agreements on the level of interest rate that is charged to the citizens or loan borrowers. The other thing I would like to address is that of savings. Once we cap interest rates, depositors do not get some good returns from their deposits or the investments and so to some extent there is negativity in interest rate capping. However, the benefits outweigh the negativities and so I wish to support this Bill. The issues that were not addressed by the Act that we are amending are now going to be addressed. It is not only financial ... view
• 11 Sep 2019 in National Assembly: Thank you, Hon. Temporary Deputy Speaker. I oblige. view
• 8 Aug 2019 in National Assembly: Thank you, Hon. Temporary Deputy Speaker, for this opportunity to speak on this Bill. From the outset, I wish to support and congratulate the Committee on Lands for this very timely Bill. Sectional property ownership is something whose time has come. We have had the Big Four agenda coming from the President. One of the issues The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor. view
• 8 Aug 2019 in National Assembly: Thank you, Hon. Temporary Deputy Speaker, for this opportunity to speak on this Bill. From the outset, I wish to support and congratulate the Committee on Lands for this very timely Bill. Sectional property ownership is something whose time has come. We have had the Big Four agenda coming from the President. One of the issues The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor. view
• 8 Aug 2019 in National Assembly: that he is trying to address is that of housing. From that point of view, you will find that land has become very dear, and not many Kenyans can afford land. The available chunks are within the hands of a few individuals. That being the case, this Bill gets its credit from that point. The reason is that many of the developers who are doing flats find it very difficult to sell part of the flats to would-be property owners. They are limited because we do not have a clear legislation like the one that is before us today. We ... view
• 8 Aug 2019 in National Assembly: that he is trying to address is that of housing. From that point of view, you will find that land has become very dear, and not many Kenyans can afford land. The available chunks are within the hands of a few individuals. That being the case, this Bill gets its credit from that point. The reason is that many of the developers who are doing flats find it very difficult to sell part of the flats to would-be property owners. They are limited because we do not have a clear legislation like the one that is before us today. We ... view
• 8 Aug 2019 in National Assembly: I am supporting this Bill on two facets. The first one is the issue of security which I have spoken to in terms of not just losing the money but the peace of mind that comes with the fact that you hold the title of property that you claim ownership to. Secondly, the other facet is the issue of that being collateral; many Kenyans own properties but it is just that. It is in a few sheets of papers that they cannot prove or that cannot be taken as security in banks. Having a registered sectional title gives you confidence ... view
• 8 Aug 2019 in National Assembly: I am supporting this Bill on two facets. The first one is the issue of security which I have spoken to in terms of not just losing the money but the peace of mind that comes with the fact that you hold the title of property that you claim ownership to. Secondly, the other facet is the issue of that being collateral; many Kenyans own properties but it is just that. It is in a few sheets of papers that they cannot prove or that cannot be taken as security in banks. Having a registered sectional title gives you confidence ... view
• 8 Aug 2019 in National Assembly: Therefore, I wish to support this Bill based on those two facets and also encourage Hon. Members to support the same and maybe strengthen it, through amendments of few areas that are of interest just to make sure that we safeguard and lock it completely. This will ensure that fraudsters who have been going round trying to convince Kenyans to buy properties that are not tied anywhere are stopped. I have a case study of myself. Hotels are also adopting the same motto whereby they are selling part of their apartments for a given period of time. You can occupy ... view