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The Central Bank of Kenya, Nairobi. FILE PHOTO | DENNIS ONSONGO | NMG

In a notice published on Monday, the Nigerian lender said that it will adjust its lending rate to 14.63 percent up from the current 14.22 percent with effect from August 8. 

The CBK on June 26 raised the central bank rate (CBR) from 9.5 percent to 10.5 percent — the highest point in close to seven years. 

“Following the increase of the CBR on June 26, 2023 from 9.5 percent to 10.5 percent, we wish to advise our customers that we shall adjust our loan interest rates to reflect a revised Access Bank Base Rate of 14.63 plus a margin, based on the customer’s credit risk with effect from August 8, 2023,” said the lender.

The changes, the bank said, will apply to all existing and new Kenya shilling-denominated facilities.

Equity Bank was the first lender to review loan prices following CBK’s adjustment of the CBR, increasing its rate from 12.5 percent to 14.69 percent effective July 10, followed by NCBA, which raised the rate to 13 percent up from 12 percent with effect from August 7. 

Other lenders are expected to follow in the trend in coming days in a shift that will set up borrowers for high cost of credit at a time when economic struggles have been entrenched by among other factors introduction of new taxation regimes that have heavily raided workers’ pay slips.

CBK data shows that borrowers hit banks with an additional Sh82.9 billion in loan defaults in just four months of the year while the share of non-performing loans hit a 16-year high.

Lenders have been shifting to a risk-based pricing regime where different consumers are charged different interest rates based on the estimated risk that the consumers will fail to pay back their loans. By KABUI MWANGI, Business Daily

Raila Odinga and his aides walks on foot after alighting from a matatu at Ambassadeur. Visits the monuments of Tom Mboya and Dedan Kimathi.(Denish Ochieng)

Azimio la Umoja Coalition leader Raila Odinga opted to use a matatu to work on Monday, July 10 instead of his usual motorcade.

The video that has since gone viral was posted by Azimio TV captioned ‘Embracing the convenience and camaraderie of public transport heading to work’.

When asked by one of the passengers in the matatu why he opted for a matatu, he said that he needed to share the everyday feeling of Kenyans. 

“I opted for the matatu today so that I can experience what other citizens experience,” said Raila.

While enjoying the ride along the Ngong - Nairobi route, Raila mingled with other passengers and discussed an array of issues including the escalating costs of basic commodities. 

Odinga’s action comes a few days after he urged Kenyans to boycott the use of highly taxed commodities, including fuel. By Denish Ochieng, The Standard

Pope Francis greets Archbishop Protase Rugambwa during one of the activities of the Catholic Church. PHOTO | FILE

Summary

  • Rugambwa becomes the third cardinal in Tanzania, preceded by Laurean Rugambwa, who died on December 8, 1997, and Polycarp Pengo, who retired in 2019.

Dar es Salaam. Pope Francis has appointed the Coadjutor Archbishop of Tabora,  Protase Rugambwa, Tanzania's Cardinal. The pontiff announced on Sunday that he would elevate Rugambwa and the other 20 churchmen to the high rank of cardinal, again putting his mark on the group that will one day choose his successor after his death or resignation.

The new cardinals come from countries including the United States, Italy, Argentina, South Africa, Spain, Colombia, South Sudan, Hong Kong, Poland, Malaysia, Tanzania, and Portugal.

The ceremony to install them, known as a consistory, will be held on Sept. 30, the 86-year-old Francis announced during his noon prayer to pilgrims and tourists at St. Peter's Square.

His appointment has been confirmed by the Secretary General of the Tanzania Episcopal Conference (TEC), Mr Charles Kitima, who said that the appointment is; "a blessing for our nation."

Rugambwa becomes the third cardinal in Tanzania, preceded by Laurean Rugambwa, who died on December 8, 1997, and Polycarp Pengo, who retired in 2019.

According to the information available on the Vatican website, Archbishop Rugambwa was born on May 31, 1960, in Kagera region, and was ordained a priest on September 2, 1990, for the diocese of Rulenge. In 1998, he was awarded a doctorate in pastoral theology from the Pontifical Lateran University in Rome. 

From 2002 to 2008, he served as an official of the former Congregation for the Evangelization of Peoples.

On January 18, 2008, he was appointed bishop of the diocese of Kigoma, and on June 26, 2012, adjunct secretary of the same Dicastery and president of the Pontifical Mission Societies, with the personal title of archbishop.

On November 9, 2017, he was appointed secretary of the same Congregation, and in April 2023, he was appointed coadjutor archbishop of Tabora. Addition report by Yamola Ibrahim, The Citizen

MCSK Chief Executive Officer Ezekiel Mutua in a past meeting. PHOTO/Ezekiel Mutua(@ezekielmutua_)Instagram
Music Copyright Society of Kenya (MCSK) CEO Ezekiel Mutua has voiced his strong disapproval of a viral photo depicting a police officer tackling an elderly woman from Kisii County during the Saba Saba demonstrations on June 7, 2023.

In an interview with Mungai Eve Media, Mutua expressed deep concern over the officer's violent behaviour towards the woman, terming it unnecessary and inhumane.

"When I saw the policeman brandishing the rungu on that mama, I felt very bad, it hurt to the core, because even in times of war, women should be protected," he said.

Mutua emphasized that it was evident that the woman had no involvement in the ongoing skirmishes stating that the officer should have ensured the lady's safety by escorting her from the scene.

The incident deeply perturbed Mutua, leading him to believe that the police force requires better training to foster a more humane approach to their duties.

"And you could see the woman was not part of the skirmishes, she was just crossing the road, that officer should have held her hand or even helped her carry the load she was carrying and helped her cross the road, but instead, he seems to be very casual, with an old woman brandishing that rungu," the moral cop explained.

"That really annoyed me, and I think that's a retrospection on the side of the police, I think the police need to be trained to be human," he added.

A photo worth a thousand words

The elderly woman from Kisii county was seen running past a police officer for safety during the Saba Saba demonstrations carrying a small sack on her head and a jembe.

The photo captured the moment when the police officer made an attempt to tackle her aggressively, raising concerns among citizens who have defended the woman asserting that she posed no harm.

 
Photo showing police officer tackling an elderly woman in Kisii county during Saba Saba demonstrations. PHOTO/Omwamba(omwamba)Facebook
Photo showing police officer tackling an elderly woman in Kisii county during Saba Saba demonstrations. PHOTO/Omwamba(omwamba)Facebook

A source close to the woman disclosed that she hails from Suneka, Kisii County, and struggles with mental health issues.

"The woman in the photo is from Suneka. She has mental instability,the source revealed to the press.

The incident has prompted a broader discussion on the treatment of vulnerable individuals particularly during demonstrations, and the importance of maintaining compassion and respect for all members of society. By , K24 Digital

A BBC presenter has been taken off air over allegations he paid a teenager for explicit pictures (James Manning/PA)

Culture Secretary Lucy Frazer has said BBC director-general Tim Davie has assured her the corporation is “investigating swiftly and sensitively” into allegations that an unnamed presenter paid a teenager for sexually explicit images.

Ms Frazer described the allegations reported by The Sun newspaper as “deeply concerning” and said the broadcaster now needs to be given space to investigate the matter and take appropriate action.

Her comments come after the Culture Secretary urgently spoke to Mr Davie on Sunday as the BBC came under pressure over its handling of the complaint. 

Following the phone call, she tweeted: “I have spoken to BBC director-general Tim Davie about the deeply concerning allegations involving one of its presenters.

“He has assured me the BBC are investigating swiftly and sensitively.”

She added: “Given the nature of the allegations it is important that the BBC is now given the space to conduct its investigation, establish the facts and take appropriate action. I will be kept updated.”

 

Culture Secretary Lucy Frazer described the allegations reported by The Sun newspaper as ‘deeply concerning’ (Victoria Jones/PA)

 

The newspaper said the BBC star paid the person, said to have been 17 when the payments began, £35,000 in exchange for the images.

A DCMS spokeswoman previously said: “These allegations are deeply concerning.

“As a public service broadcaster in receipt of public funding, senior officials have stressed to the BBC that the allegations must be investigated urgently and sensitively, with the department kept informed.”

It is the latest crisis for Mr Davie to respond to after he survived calls to resign over his handling of Gary Lineker being briefly taken off air in March after the football pundit criticised Home Secretary Suella Braverman’s “cruel” asylum policy.

The teenager’s mother told The Sun she saw a picture of the presenter on her child’s phone “sitting on a sofa in his house in his underwear”.

The mother said she was told it was “a picture from some kind of video call” and looked like he was “getting ready for my child to perform for him”.

The family were said to have complained to the BBC on May 19 but allegedly became frustrated that the star remained on air. It is understood he is not due to be on air in the near future. he BBC has been urged to act “very swiftly” to deal with the claims.

 

BBC director-general Tim Davie (Jacob King/PA)

Victoria Atkins, the financial secretary to the Treasury, told Sky’s Sophy Ridge On Sunday programme: “These are very, very serious allegations and the BBC have said they have processes in place.

“But as public attention and concern grows the BBC is going to have to act very swiftly to deal with these allegations and to set out what they are doing to investigate them.”

Shadow chancellor Rachel Reeves urged the broadcasters to “speed up their processes” in investigating such allegations, describing their response time as “not good enough” when she appeared on the BBC’s Sunday With Laura Kuenssberg.

Former home secretary Priti Patel said the BBC’s response has been “derisory”, adding: “They must provide the victim and his family a full and transparent investigation.

“The BBC, which is funded by licence fee-payers, has become a faceless and unaccountable organisation.”

Media lawyer Mark Stephens said the BBC handling of the complaint had been a “shambles”, arguing it had “really dropped the ball”.

“And it does seem that they’ve also caused this to escalate, because it was the frustration with the BBC not acting that led to the family to go to the Sun newspaper,” he told Times Radio.

“And that I think is reckless, because of course what has happened is we’ve seen all this conjecture on social media.”

If, at any point, new information comes to light or is provided – including via newspapers – this will be acted upon appropriately, in line with internal processes

A number of BBC stars publicly said they were not the presenter at the centre of the allegations, amid heavy speculation about the identity on social media.

Gary Lineker tweeted: “Hate to disappoint the haters but it’s not me.” 

Rylan Clark wrote: “Not sure why my name’s floating about but re that story in the Sun – that ain’t me babe. I’m currently filming a show in Italy for the BBC, so take my name out your mouths.”

Jeremy Vine said: “Just to say I’m very much looking forward to hosting my radio show on Monday — whoever the ‘BBC Presenter’ in the news is, I have the same message for you as Rylan did earlier: it certainly ain’t me.”

Nicky Campbell suggested he had contacted police about being falsely mentioned online in connection with the story.

He tweeted a screenshot which featured the Metropolitan Police logo and the words: “Thank you for contacting the Metropolitan Police Service to report your crime.”

“I think it’s important to take a stand. There’s just too many of these people on social media. Thanks for your support friends,” he wrote.

A BBC spokesperson said: “We treat any allegations very seriously and we have processes in place to proactively deal with them.

“As part of that, if we receive information that requires further investigation or examination we will take steps to do this. That includes actively attempting to speak to those who have contacted us in order to seek further detail and understanding of the situation.

“If we get no reply to our attempts or receive no further contact that can limit our ability to progress things but it does not mean our enquiries stop.

“If, at any point, new information comes to light or is provided – including via newspapers – this will be acted upon appropriately, in line with internal processes.”  By NAOMI CLARKE, SAM BLEWETT AND DAVID LYNCH, PA REPORTERS, Irish Examiner

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