What is best way of beating distractions at work? I have in my drawer a warning letter from my new employer to better concentrate at work.
A few months ago, a child drowned in a swimming pool and there was, as expected, a major crisis. The parent in charge of the children at the time was the father, and he was blamed for his carelessness on the day of the drowning. All agreed he did not do his job of parenting properly.
He developed a severe depressive illness in the context of the bereavement, made worse by the fact that his family blamed him for the death of the child. His wife left him and by the time we saw him, he was drinking heavily and was on the verge of losing his job. After a fight with a waiter at the club, his friends forced him to seek help and he agreed.
Following a period of detoxification from the alcohol, it became evident that we were dealing with a severely depressed man who was on the verge of suicide. He had neglected his personal hygiene. His hair was long and unkempt as was his beard. The smell emitted from the days without soap and water portrayed a doctor in great need of help. He had lost much weight, and his dirty clothes were ill-fitting. His finger nails were long and dirty, and he walked with great difficulties. His voice was low and hesitant and he simply looked awful.
Over the months after the death of the child, his sleep pattern had changed. He easily fell off to sleep when he got to bed, but by 3am, all sleep was gone, and he turned and tossed until morning. He went to work every day tired, angry and hating his job, and cursing the wife and the world who would not understand that it was not his fault. He was soon enveloped by a deep sadness that soon became a sense of hopelessness and he often felt that the world would be a better place without him. He was suicidal.
He had frequent nightmares and as demonstrated by the fight with the waiter, he had developed a “short fuse”.
Ten days into treatment he started to feel better. The sadness was lifting as was the sleep pattern getting better. At last, his dark cloud had a thin ring of silver lining. He was eating better and started watching TV with other patients in the facility.
The nurses noticed that he kept misplacing things. He lost keys to his locker, as well as a number of books he had borrowed. One nurse entered in her notes; “a rather absent minded doctor.” As it turned out, this was to be the key to the entire mystery!
When his mother came to visit, she was seen by one of the psychologists in the team. The mother was surprised that the psychologist was so keen to understand the “absent minded” character of her son!
She explained that both her husband and father in law were also absent minded. The doctor (her son) had been this way all his life. When his school reports were brought in the following day, the diagnosis was clear.
Through primary and secondary school, the comments were consistent; “A bright boy who could do much better if he concentrated in his work.” The next set of comments included; “This boy is too playful and disruptive in class. It is a miracle that he remains above average in his class work.”
His mother was also observed. She was neatly dressed, all her colours matched and when asked about herself she confessed that she was a perfectionist. How else could she live with her husband and her son if she did not set the rules in the house!
The psychologist got it right the first time.
The patient (like his father and grandfather) had clear features of Attention Deficit Hyperactivity Disorder (ADHD). A mother who had features of obsessionality had brought him up under her watch and he had grown up to be a doctor and husband because of the strict rules of the home. A mother obsessed with orderliness can control even the most difficult son and his father.
When he was left in charge of the children that afternoon, his mind had wondered off the task in hand and the child drowned. This led to the depression and contact with us.
Can you relate to our doctor in any way? Many people with ADHD come to us complaining of “being distracted at work.”
World Bank pushes G-20 to extend debt relief to 2021
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.
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.
Kenya’s Central Bank Drafts New Laws to Regulate Non-Bank Digital Loans
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.
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.
Scope Markets Kenya customers to have instant access to global financial markets
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.
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.