Zachary Kwenya Thuku

All parliamentary appearances

Entries 321 to 330 of 454.

• 11 Sep 2019 in National Assembly: Thank you, Hon. Temporary Deputy Speaker for affording me this time which I have waited for so long. view
• 11 Sep 2019 in National Assembly: I wish to, first of all, thank and congratulate the Hon. Member for Kiambu for being consistent in matters interest capping. He has followed up this matter and he now seeks to bring amendments following a court ruling in which Section 33B was declared unconstitutional. This is testimony that our work, indeed, is to legislate in case there are issues of ambiguity in law. My debate on this matter is two-pronged. view
• 11 Sep 2019 in National Assembly: The issue of controlling interest rate is very important for a growing economy like Kenya whereby we do not have a perfect market in which forces of demand and supply dictate prices 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
• 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