UNION CRIES FOUL AS KU DECLARES PAY CUT FOR LECTURERS

Kenyatta University has announced a suspension of salaries for staff on contract due to what it terms a decline in revenue attributed to the Covid-19 outbreak which has paralysed services in higher learning institutions. In an internal memo dated May 15, Deputy Vice Chancellor (Administration) Prof Fatuma Chege said staff on three-month contracts are paid using proceeds of the university’s income generating activities (IGAs).

BANKS FACE FINES FOR LOCKING OUT BLACKLISTED BORROWERS

Banks, saccos and micro-finance lenders now face a fine of Sh2 million for every defaulter they deny loans to for being listed negatively with the country’s credit reference bureaus (CRBs). This new regulation represents a fresh attempt to unlock credit to firms and workers hard hit by effects of coronavirus pandemic. The Treasury has introduced the fine in regulations aimed at cleaning up the CRBs blacklist and enhancing borrowers’ chances of being able to borrow more.

HEALTH WORKERS SUSPEND STRIKE AFTER TALKS

Thousands of health workers on Sunday agreed to suspend a strike notice that was to start Monday after reaching a deal with the government. The health workers’ leaders had held talks with the Ministry of Health officials on Friday and agreed to push forward the strike by 21 days to give room for discussion.