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Blows exchanged as man finds wife in bed with businessman ▷ Kenya News

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A businessman from Ukambani identified as Kimeu escaped death by a whisker after he was cornered while ‘drinking water from his neighbour’s cistern’.

The husband of the woman he was munching, landed on him in unprecedented, furry filled assault-style.

He said he had for long been hunting for the man that he claimed ‘has made his bae lose interest in him’.

The suspect would arrive at the woman’s house after 10pm while her hubby was away. He works with an NGO within Ukambani.

Throughout this time, there were whispers that the two were having a good time though they tried to keep it secret.

After unsuccessfully trying to ambush the duo, the aggrieved husband sought the services of native doctor Mwikali Kilonzo to help burst them.

Days later, while in the city, he received several calls from neighbours informing him that his wife and the stranger were stuck while doing the unthinkable on their matrimonial bed.

He swiftly set off to his home and it took him four hours to arrive.

“I thought this was just hearsay, I shouldn’t have trusted you in the first place, even after giving you everything you wanted…you have the courage to bring another man in my house?” The NGO man fumed as he descended on them.

He rained kicks and blows on the young man in rapid succession as the ‘thief’ pleaded for sympathy.

The fight was quelled after the security personnel from the nearby police camp intervened.

The show was in no way different from the several other instances of cheating spouses ending up glued together during adulterous missions.

The two were later separated from agony and the man has since summoned his in-laws to discuss the matter.

Apart from netting cheating partners and bring peace in troubled homes, herbalist Mwikali Kilonzo has unique means to influence promotion at work and can spin court cases.

Additionally, she has powerful medicine that can cushion homes from spiritual and physical attacks. She is able to paralyse thieves and recover stolen items.

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Contact her on 0722901790 and find a solution for your problem.

She is available in Mbitini Kitui county, Bungoma Town, Kitale and Kenyatta Market in Nairobi.

Why Kenyan men are travelling long distance to meet this woman | Tuko TV.

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World Bank pushes G-20 to extend debt relief to 2021

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World Bank Group President David Malpass has urged the Group of 20 rich countries to extend the time frame of the Debt Service Suspension Initiative(DSSI) through the end of 2021, calling it one of the key factors in strengthening global recovery.

“I urge you to extend the time frame of the DSSI through the end of 2021 and commit to giving the initiative as broad a scope as possible,” said Malpass.

He made these remarks at last week’s virtual G20 Finance Ministers and Central Bank Governors Meeting.

The World Bank Chief said the COVID-19 pandemic has triggered the deepest global recession in decades and what may turn out to be one of the most unequal in terms of impact.

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People in developing countries are particularly hard hit by capital outflows, declines in remittances, the collapse of informal labor markets, and social safety nets that are much less robust than in the advanced economies.

For the poorest countries, poverty is rising rapidly, median incomes are falling and growth is deeply negative.

Debt burdens, already unsustainable for many countries, are rising to crisis levels.

“The situation in developing countries is increasingly desperate. Time is short. We need to take action quickly on debt suspension, debt reduction, debt resolution mechanisms and debt transparency,” said Malpass.

ALSO READ:Global Economy Plunges into Worst Recession – World Bank

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Kenya’s Central Bank Drafts New Laws to Regulate Non-Bank Digital Loans

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The Central Bank of Kenya (CBK) will regulate interest rates charged on mobile loans by digital lending platforms if amendments on the Central bank of Kenya Act pass to law. The amendments will require digital lenders to seek approval from CBK before launching new products or changing interest rates on loans among other charges, just like commercial banks.

“The principal objective of this bill is to amend the Central bank of Kenya Act to regulate the conduct of providers of digital financial products and services,” reads a notice on the bill. “CBK will have an obligation of ensuring that there is fair and non-discriminatory marketplace access to credit.”

According to Business Daily, the legislation will also enable the Central Bank to monitor non-performing loans, capping the limit at not twice the amount of the defaulted loan while protecting consumers from predatory lending by digital loan platforms.

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Tighter Reins on Platforms for Mobile Loans

The legislation will boost efforts to protect customers, building upon a previous gazette notice that blocked lenders from blacklisting non-performing loans below Ksh 1000. The CBK also withdrew submissions of unregulated mobile loan platforms into Credit Reference Bureau. The withdrawal came after complaints of misuse over data in the Credit Information Sharing (CIS) System available for lenders.

Last year, Kenya had over 49 platforms providing mobile loans, taking advantage of regulation gaps to charge obscene rates as high as 150% a year. While most platforms allow borrowers to prepay within a month, creditors still pay the full amount plus interest.

Amendments in the CBK Act will help shield consumers from high-interest rates as well as offer transparency on terms of digital loans.

SEE ALSO: Central Bank Unveils Measures to Tame Unregulated Digital Lenders

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Scope Markets Kenya customers to have instant access to global financial markets

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NAIROBI, Kenya, Jul 20 – Clients trading through the Scope Markets Kenya trading platform will get instant access to global financial markets and wider investment options. 

This follows the launch of a new Scope Markets app, available on both the Google PlayStore and IOS Apple Store.

The Scope Markets app offers clients over 500 investment opportunities across global financial markets.

The Scope Markets app has a brand new user interface that is very user friendly, following feedback from customers.

The application offers real-time quotes; newsfeeds; research facilities, and a chat feature which enables a customer to make direct contact with the Customer Service Team during trading days (Monday to Friday).

The platform also offers an enhanced client interface including catering for those who trade at night.

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The client will get instant access to several asset classes in the global financial markets including; Single Stocks CFDs (US, UK, EU) such as Facebook, Amazon, Apple, Netflix and Google, BP, Carrefour;  Indices (Nasdaq, FTSE UK), Metals (Gold, Silver); Currencies (60+ Pairs), Commodities (Oil, Natural Gas).

The launch is part of Scope Markets Kenya strategy of enriching the customer experience while offering clients access to global trading opportunities.

Scope Markets Kenya CEO, Kevin Ng’ang’a observed, “the Sope Markets app is very easy to use especially when executing trades. Customers are at the heart of everything we do. We designed the Scope Markets app with the customer experience in mind as we seek to respond to feedback from our customers.”

He added that enhancing the client experience builds upon the robust trading platform, Meta Trader 5, unveiled in 2019, enabling Scope Markets Kenya to broaden the asset classes available on the trading platform.

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