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"FORMULATE A POLICY FRAMEWORK TO REVIEW THE BANKING ACT TO RENEGOTIATE THE REPAYMENT TERMS OF THE LOANS", SEN. WAHOME WAMATINGA.

Nyeri County Senator Wahome Wamatinga wants the National Treasury and Economic Planning to come up with a policy framework to review the Banking Act in order to renegotiate the repayment terms of the loans.

Through a motion in the Senate, Sen. Wamatinga argues that such an action by the National Treasury and Economic Planning will provide cushion for Kenyans with non-performing loans and prevent the loss of their movable assets.

SPEAKER KINGI SAYS DEMOCRACY CANNOT WORK WITHOUT RULE OF LAW

Senate Speaker Amason Kingi has said that democracy cannot thrive in the absence of the rule of law.

The Speaker said the entrenchment of the rule of law in politics and systems of governance is a key element in cushioning democracy on the continent.

“If the rule of law reigns, democracy thrives,” Speaker Kingi said, adding failure to respect the rule of law undermines democracy.

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