Personal finance:Legal minefields to avoid in your Zoom meeting

This little box dictates your legal relationship with the social media provider and also sets out your rights ( or lack of as the case may be). The first thing to note is that the jurisdiction that governs the contractual relationship each user has with the provider. In the case of Zoom, the little box designates Carlifonia, United States Of America ( USA) as the jurisdiction. This means if you ever had a legal issue with your service provider Zoom,then you can only have the dispute heard in Carlifonia, USA.

European Union grants Kenya additional Ksh.7.8 billion to address COVID-19 impact

The European Union (EU) has granted Kenya an additional Ksh.7.8 billion to address the socio-economic impact of the COVID-19 pandemic.

EU, in a statement to the press released on Monday, said the funds are geared towards helping Kenyans at risk of hunger and strengthening measures to curb the spread of the disease.

 

The package includes Ksh.3.6 billion for mobilising resources towards containing the spread and impact of COVID-19 in the health, social and economic sectors through budget support to the Government of Kenya.

World Bank, IMF loans save shilling from further downfall

Kenya’s forex reserves surged back to pre coronavirus levels, hitting Sh$9.26 billion (Sh981.3 billion) in the week ended Friday, June 5, fuelling shilling’s strength against the US dollar.

According to the weekly bulletin by Central Bank of Kenya (CBK), the local currency strengthened against major international and regional currencies during the week, exchanging at Sh106.12 per compared to Sh107.03 the previous week.