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Bank of England scrambling to buy Bitcoin before it tops £727,000 ($1million) per coin.”

Earlier this week Sir Jon Cunliffe said that crypto poses a rapidly growing threat to the global economy and should be regulated. The deputy Bank of England governor has called for tough new regulations or else Bitcoin and other cryptocurrencies could trigger a financial meltdown akin to the 2008 sub-prime crash. Mr Cunliffe warned governments to be wary of traders using digital currencies that could be worthless overnight.
Referring to the market capitalisation of the crypto-sphere, he said, “of course $2.3tn needs to be seen in the context of the $250tn global financial system.
“But as the financial crisis showed us, you don’t have to account for a large proportion of the financial sector to trigger financial stability problems sub-prime was valued at about $1.2tn in 2008.”
The banking chief added that there were “stability risks from Bitcoin that are currently relatively limited but they could grow very rapidly if, as I expect, this area continues to develop and expand at pace.
“How large those risks could grow will depend in no small part on the nature and on the speed of the response by regulatory and supervisory authorities.”
The deputy governor of the Bank of England, Mr Cunliffe, monitors cryptocurrencies for the Bank of International Settlements, the central bank of central banks.
Referring to the grim warning from the Bank of England’s deputy governor, Bitcoin expert Max Keiser said that, “Bitcoin is designed to trigger a meltdown of the current fiat money banking system.
“The bargaining phase will be their central bank digital currency stage and when that fails comes depression as the price tops £363,000 ($500,000) and then acceptance with the Bank of England scrambling to buy Bitcoin before it tops £727,000 ($1million) per coin.”
A senior investment and markets analyst at Hargreaves Lansdown has also warned that regulators need to address the rise of cryptocurrencies.
Susannah Streeter said that regulators have spent years of “tip-toeing” around cryptocurrencies.
Referring to the Bank of England governor’s comments about regulating the crypto-sphere, Ms Streeter claimed that his warning was the “firmest indication” they will soon step in to prevent it blowing “up in the face of the financial sector”. – express.co.uk

Digital lenders risk ban for revealing borrowers

The Central bank of Kenya, Nairobi.
Rogue digital lenders who share personal data of loan defaulters will be stripped of their operating licences if Parliament passes proposed changes to the law to curb abuse of confidential records.
The National Assembly committee on Finance and National Planning has added a clause to the Central Bank Amendment Bill 2021, granting the banking regulator powers to revoke the permits of digital lenders who breach the confidentiality of personal information to pursue defaulting borrowers.
The proposed law aims to stop a trend where some lenders resort to “debt shaming” tactics to recover loans.
There are reports of debt collection agents pursuing borrowers either by informing their friends and family using contact information scraped from their phones or by threatening to tell their employers.
“The bank may suspend or revoke a licence by written notice to the holder of the licence, if the licensee (digital lender) is in breach of subsection (2A) or the conditions of the Data Protection Act or the Consumer Protection Act,” says the Bill.
The Data Protection Act bars sharing of data with third parties without consent and gives individuals the right to be told when their data is being shared and for what purposes.
Borrowers share personal information, including their professions and monthly earnings, when registering with digital lenders.
But besides the pursuit of unpaid loans, digital lenders share personal information with data analysing firms and for marketing.
The Central Bank of Kenya (CBK) has previously raised concerns about the abuse of the personal data of borrowers and called on lawmakers to fast-track legislation to provide for the regulation of digital lenders.
Lobbies that had petitioned Parliament during the review of the Bill also said that loan applications are private affairs that should be treated as confidential information.
Digital lenders have saddled borrowers with high-interest rates, which rise up to 520 percent when annualised, leading to mounting defaults and an ever-ballooning number of defaulters.
Tala and Branch, some of the top players in the mobile digital lending market, offer annualised interest rates of 84- 152.4 percent and 156- 348 percent respectively.
Market leader M-Shwari, Kenya’s first mobile-based savings and loans product introduced by Safaricom and NCBA in 2012, charges a “facilitation fee” of 7.5 percent on credit regardless of its duration, pushing its annualised loan rate to 90 percent.
The Data Protection Act further compels firms to disclose to individuals and customers the reasons for collecting their data and ensure that the confidential information is safe from infringement by unauthorised parties.
The CBK will also have powers to revoke or suspend licences of digital lenders who do not disclose full information on loan facilities to borrowers, in line with the Consumer Protection Act.
There have been concerns that digital lenders do not reveal full information on pricing, punishment for defaults, and recovery of unpaid loans.
The Consumer Protection Act requires sellers to disclose to consumers all relevant information tied to the purchase of a good or a service.
The parliamentary committee also added a clause that will require digital lenders seeking licences to get clearance from the Data Commissioner, highlighting the stiff measures that the State is eyeing to protect abuse of borrowers’ information.
The Committee on Finance and National Planning backed the Bill in August, paving the way for its passage into law.
The enactment into law will see digital lenders operate under the same rules as commercial banks, including having to seek the CBK’s nod for new products and pricing that includes loan charges.
The Bill gives the CBK powers to supervise digital lenders for the first time and curb the steep digital lending rates that have plunged many borrowers into a debt trap.
Digital lenders will put a ceiling on non-performing loans at not more than twice the defaulted amount if the Bill becomes law.
Scores of unregulated microlenders have invested in Kenya’s credit market in response to the growth in demand for quick loans, where borrowers can get loans in minutes via their mobile phones.
Digital lenders without operating licences will be barred from business in a bid to push out rogue players amid concerns of unethical practices. – businessdailyafrica.com

Cytonn covers self in voluntary administration

Cytonn Investments CEO Edwin Dande 
The management of Cytonn Investments has moved to cover itself from the wrath of investors by voluntarily placing two of its insolvent real estate funds under administration.
The company’s Chief Executive Officer Edwin Dande initiated the process which will see the controversial Cytonn High Yield Solution (CYHS) fund and Cytonn Project Notes (CPN) placed under the watch of a court appointed administrator.
Subsequently, the High Court Commercial and Tax Division has appointed Kerato Marima, a licensed insolvent practitioner as the administrator of the property of Cytonn High Yeilds Solutions LLP ahead of further court directions to be issued on November 24.
Cytonn is expected to serve all its creditors covered in the two insolvent real-estate funds with the new order ahead of the mention next month.

What it means

By putting the insolvent funds under administration, Cytonn is set to keep its aggrieved creditors off its back preventing scenarios such as auctions and attachments to its assets with the current insolvency law allowing companies to remain a going concern while in operations.
Effectively, the administration process serves as a moratorium which blocks any of Cytonn’s aggrieved creditors from applying to wind up the company.
The court appointed administrator will meanwhile attempt to rescue investments in the two funds and assure the best outcome to aggrieved investors.
“First administration provides an enabling environment for restructuring under a competent administrator. Second, it gives a moratorium of any ongoing collection efforts so that all investors get to be treated equally,” said Cytonn Group CEO Edwin Dande.
Curiously, the voluntary administration is seemingly a counter reaction to a planned class suit by aggrieved investors which has been in the works since June this year.
With the two funds in administration, the aggrieved investors can no longer push to wind up the company as it now bears protection in the law.
Cytonn has been unable to meet repayments to investors in the two funds whose value is presently estimated at Ksh.12.5 billion.
The company has nevertheless offered alternative settlements to investors including an offer of housing units under its complete and ongoing real-estate development projects.
By early September, Cytonn had deployed the option to clear 20 per cent of its obligations to creditors under the CYHS and CPN or an equivalent Kh.2.5 billion.
Cytonn has previously tied the illiquidity of the two funds to the effects of the COVID-19 pandemic on real estate even as the Capital Markets Authority (CMA) probes the two funds for potential mismanagement and malpractice. – citizen.co.ke

WHO unveils action plan to prevent sex abuse after DR Congo scandal

The Director General of the World Health Organization Tedros Adhanom Ghebreyesus.
The World Health Organization on Friday unveiled part of its zero tolerance plan to prevent sexual abuse and exploitation in crisis zones, following pressure from member states.
The WHO said its full plan, involving experts sent to the field and a culture shift, would be revealed soon, following a damning sex abuse scandal implicating its workers in DR Congo.
The UN health agency has allocated an initial $7.6 million “to immediately strengthen its capacity to prevent, detect and respond to sexual abuse and exploitation, in 10 countries with the highest risk profile”, the organisation told AFP.
Once recruited, experts will be deployed to Afghanistan, the Central African Republic, DR Congo, Ethiopia, Nigeria, Somalia, South Sudan, Sudan, Venezuela and Yemen.
The WHO has apologised to victims after a report on allegations of rape and sexual abuse by workers sent to fight Ebola in the Democratic Republic of Congo between 2018 and 2020.

Under pressure

Major WHO donor countries have publicly put the UN health agency under pressure on the issue.
In a rare joint statement, dozens of countries, including the United States and European Union members, demanded full commitment from the WHO and its leadership on the subject.
WHO chief Tedros Adhanom Ghebreyesus revealed the draft response plan to member states on Thursday for their feedback.
The final version will be published in the coming days, the WHO said in a statement.
An independent commission of inquiry was set up after a year-long probe by the Thomson Reuters Foundation and The New Humanitarian brought the allegations to light.
On September 28, the commission released a devastating report which found that 21 WHO employees – among 83 alleged perpetrators of sexual abuse – had committed such abuses against dozens of people in the DR Congo during the Ebola epidemic.
The report found “clear structural failures” and “individual negligence” among the UN agency’s staff after dozens of women told investigators they were offered work in exchange for sex, or were victims of rape.

Focus on survivors

“The plan outlines immediate, medium- and longer-term actions to address the failures identified in the independent commission report,” a WHO statement said.
It focuses on putting victims and survivors at the heart of prevention and response actions, and “reforming WHO’s culture, structures, systems and capacity to create a culture in which there is no opportunity for sexual exploitation and abuse to happen, no impunity if it does, and no tolerance for inaction”.
The WHO’s initial estimate suggests the programme will cost around $15 million a year.
It said it is committed to implementing the report’s recommendations and to getting rid of the employees behind the abuse – as well as those who should have intervened.
Four employees have already had their contracts terminated, while two senior staff have been placed on administrative leave.
In the current Ebola outbreak in the DR Congo’s North Kivu province, which was declared earlier this month, an expert on preventing sexual abuse and exploitation was among the first members of a 15-person surge team deployed to the field.
“The expert will brief WHO employees and partners on how to prevent any inappropriate or abusive behaviour,” the UN agency said. – nation.africa


Sir David had been MP for Southend West since 1997 and first entered parliament in 1983.
Counter-terror police are investigating after Conservative MP Sir David Amess died after being stabbed at a surgery in his constituency.
Sir David, who represented Southend West in Essex, was attacked shortly after midday on Friday at Belfairs Methodist Church in Leigh-on-Sea.
He was found with multiple injuries and, despite the efforts of police officers and paramedics, the MP died at the scene.
A 25-year-old man was immediately arrested at the scene on suspicion of murder and remains in custody.
Essex Police chief constable Ben-Julian Harrington said: “The investigation is in the very early stages and is being led by officers from the Metropolitan Police’s specialist counter terror command.
“We made it clear at the time of the incident that we did not believe there was any immediate threat to anyone else in the area.
“It will be for investigators to determine whether or not this may have been a terrorist incident. As always they will keep an open mind.”
Sky News understands a man walked into Sir David’s constituency surgery and stabbed him multiple times, with the MP said to have suffered more than a dozen wounds.
An air ambulance was seen arriving at the scene on Friday afternoon.
Sir David, a 69-year-old father-of-five, had been MP for Southend West since 1997 and first entered parliament in 1983.
He never held a ministerial role during his long parliamentary career and instead focussed his efforts from the back benches of the House of Commons.
Flags at parliament and Downing Street have been lowered to half mast following Sir David’s death.
Tributes have been paid to the long-serving MP from across the political spectrum, including from all five surviving former prime ministers; Theresa May, David Cameron, Gordon Brown, Tony Blair and John Major.
Some politicians even called for Southend to be given city status, which was a long-running campaign of Sir David’s, in memory of the MP.
Boris Johnson described Sir David as “one of the kindest, nicest, most gentle people in politics”, as the current prime minister paid tribute to his “outstanding” campaigning work on endometriosis, animal cruelty and fuel poverty.
“David was a man who believed passionately in this country and its future,” Mr Johnson said. “We’ve lost today a fine public servant and a much-loved friend and colleague.”
The prime minister’s wife, Carrie Johnson, posted on Twitter: “Absolutely devastating news about Sir David Amess.
“He was hugely kind and good. An enormous animal lover and a true gent. This is so completely unjust.”
Labour leader Sir Keir Starmer described a “dark and shocking day” as he urged people to “come together in response to these horrendous events”.
“The whole country will feel it acutely, perhaps the more so because we have, heartbreakingly, been here before,” he said.
“We will show once more that violence, intimidation and threats to our democracy will never prevail over the tireless commitment of public servants simply doing their jobs.”
The Duke and Duchess of Cambridge said they were “shocked and saddened” by Sir David’s death, which is the second killing of an MP in their own constituency in little more than five years, following the 2016 murder of Labour’s Jo Cox.
Home Secretary Priti Patel on Friday asked all police forces to immediately review security arrangements for MPs, while House of Commons Speaker Sir Linsday Hoyle has also pledged to “examine” safety measures.
He told Sky News that he had gone ahead with his own constituency surgery on Friday despite the news of Sir David’s death.
“Nothing will stop democracy, nothing will stop us carrying out our duties,” he said.
“Those people who don’t value the job that we do, those people who don’t support us will not win – hence why I’ve had my surgery tonight.”
Health Secretary Sajid Javid said Sir David was a “great man, a great friend, and a great MP killed while fulfilling his democratic role”, while Foreign Secretary Liz Truss said he was “a lovely, lovely man and a superb parliamentarian”.
Grant Shapps, the transport secretary, described him as a “dedicated, thoughtful man and a true parliamentarian, who lost his life while serving the constituents who he worked relentlessly for throughout his career”.
Communities Secretary Michael Gove said Sir David’s death was “heart-breakingly sad” and “terrible, terrible news”.
“He was a good and gentle man, he showed charity and compassion to all, his every word and act were marked by kindness,” he posted on Twitter.
Chancellor Rishi Sunak said: “The worst aspect of violence is its inhumanity. It steals joy from the world and can take from us that which we love the most.
“Today it took a father, a husband, and a respected colleague.”
Lord Pickles, a former Conservative minister, told Sky News his Tory colleague was a “great family man, somebody who was very open and very good company as a fellow member of the House of Commons”.
“He was enormously good company. He cared passionately about a number of issues, in particular animal welfare, and he was somebody who really knew how the system operated,” he said.
“Some people choose a path of being a minister, but David knew how to operate on the floor of the House of Commons to get things done.”
However, the ex-Tory chairman urged caution over new security measures in the wake of Sir David’s death that would move MPs away from meeting with members of the public.
Conservative MP Tracey Crouch said she was “heartbroken” at Sir David’s death.
“I could write reams on how Sir David was one of the kindest, most compassionate, well liked colleagues in Parliament. But I can’t. I feel sick. I am lost,” she wrote on Twitter.
“Rest in Peace. A little light went out in parliament today. We will miss you.”
Brendan Cox, widower of the late Labour MP Jo Cox said Sir David’s killing “brings everything back”.
“The pain, the loss, but also how much love the public gave us following the loss of Jo. I hope we can do the same for David now,” he said. – skynews

Biden invites Kenyan President Uhuru Kenyatta to the White House

The White House announced President Biden will meet Kenyan President Uhuru Kenyatta on Thursday to discuss financial ‘accountability’ – just days after he and his family were named as owners of 13 offshore companies in the Pandora Papers.
The Kenyattas’ holdings include a company with investments worth $30m, according to a massive leak of financial documents from law firms in Panama, the British Virgin Islands (BVI) and other tax havens.
Kenyatta, president since 2013, has promised a full response when he returns from his international trip.
He is one of a number of world leaders caught up in the embarrassing leak.
Although holding assets offshore is not illegal, it could cause political problems for someone like Kenyatta who campaigned against corruption.
‘The leaders will discuss the strong U.S.-Kenyan bilateral relationship and the need to bring transparency and accountability to domestic and international financial systems,’ said White House Press Secretary Jen Psaki in a statement.
‘They will also discuss efforts to defend democracy and human rights, advance peace and security, accelerate economic growth, and tackle climate change.’
For his part, Kenyatta welcomed the release of the Pandora Papers by the International Consortium of Investigative Journalists and other news organizations.
‘These reports will go a long way in enhancing the financial transparency and openness that we require in Kenya and around the globe,’ he said in a statement.
However, he did not respond to the specific allegations against him
‘The movement of illicit funds, proceeds of crime and corruption thrive in an environment of secrecy and darkness,’ he added.
A senior administration official told DailyMail.com the leaks offered a chance to make progress.
‘On the Pandora papers, this is an opportunity for the United States to build off of our current efforts with the Kenyans to bring additional transparency and accountability to domestic and international financial systems,’ said the official.
Kenyatta is the son of the country’s first president.
Documents released in the leak show that his mother Ngina, 88, is named as the first benefactor of the Varies foundation set up in 2003. Her son is the second benefactor and would stand to inherit it after her death.

Its value is unknown.

Panama is a sought-after destination for holdings as the owners are known only by their lawyers and they do not have to register their identities with the Panamanian government, according to the ICIJ.
Other world leaders caught up in the leak include former British Prime Minister Tony Blair, King Abdullah II of Jordan, and Gabon’s President Ali Bong Ondimba.
Kenyatta has defended himself robustly against allegations that his family had hidden its wealth.
‘As I have always stated, what we own – what we have – is open to the public. As a public servant I’m supposed to make my wealth known and we declare every year,’ he told the BBC in 2018.
The BBC also reported from the leaks that UBP private-wealth advisers helped Kenyatta’s brother, Muhoho, set up another Panamanian entity, the Criselle Foundation, in 2003.
Another BVI company which Muhoho owned had a $30m valuation in stocks and bonds as of November 2016.
Financial transparency will not be the only topic when Kenyatta meets Biden – the president’s first meeting with an African leader since taking power.
Kenya has long had a strong relationship with the U.S., partnering with Washington in efforts to thwart Islamic terrorism.
It a powerful regional player and it has a border with Ethiopia, where war has triggered a humanitarian crisis.
Kenya also currently holds the rotating presidency of the U.N. Security Council. – dailymail.co.uk

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Fuel prices reduce as state reinstates subsidy

An attendant serving a motorist at Rubis filling station along Koinange Street Nairobi on October 14, 2021. The prices of petrol and diesel have decreased by Sh5 per litre.
Consumers have been handed a relief after the energy regulator on Thursday reduced fuel prices following the reinstatement of the fuel subsidy in what is set to relieve Kenyans from high cost of living.
The Energy and Petroleum Regulatory Authority (Epra) reduced the price of petrol and diesel by Sh5 per litre and that of kerosene by Sh7.28.
This means motorists in Nairobi will from midnight now pay Sh129.72 for petrol, Sh110.6 for diesel and Sh103.54 for kerosene, down from Sh134.72, Sh115.6 and Sh110.82 for the three commodities respectively.
“The maximum allowed petroleum pump prices in Nairobi for super petrol and diesel decrease by Sh5 per litre while that of kerosene decreases by Sh7.28 per litre,” Epra said in a statement.
“The prices are inclusive of the 8 per cent Value Added Tax (VAT) in line with the provisions of the Finance Act, 2018, the Tax Laws (Amendment) Act, 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020,” the energy regulator said.
The new prices will see motorists in Mombasa pay Sh127.46 per litre of petrol, Sh108.36 for diesel and Sh101.29 while those in Kisumu will pay Sh130.12, Sh111.3 and Sh104.26 for petrol, diesel and kerosene respectively.
Meanwhile, those in Nakuru will part with Sh129.24 for petrol, Sh110.43 for diesel and Sh103.39 for kerosene, while those in Eldoret will pay Sh130.13, Sh111.32 and Sh104.27 for the three products respectively.
Fuel subsidy
The lower prices come following reinstatement of the fuel subsidy that had kept fuel prices stable from April before being lifted last month, pushing fuel prices to a historic high.
Epra has cut the oil marketers’ margin to Sh6.26 for petrol from Sh12.39 per litre last month, Sh5.5 for diesel from Sh12.36 and Sh7.73 from Sh12.36 for kerosene last month.
The fuel suppliers will be reimbursed from the Petroleum Development Levy Fund (PDLF), which is funded by the Petroleum Development Levy (PDL) that was increased to Sh5.40 per litre of petrol and diesel last year from Sh0.40.
The fall in prices also eases pressure that has building on the government to lower the high fuel prices, which saw top government officials hint a cut in the prices during Thursday’s review.

Cost of power

“In the coming days, you will notice significant changes in the cost of fuel. We are also targeting significant changes in the cost of power. We are streamlining and bringing about greater efficiency in the manner these organisations work,” said Interior Cabinet Secretary Fred Matiang’i on Wednesday.
But this comes at a time Members of Parliament have proposed a raft of new changes on taxes and levies charged on fuel that will see the cost of the product significantly come down if they are adopted.
Lawmakers Thursday started the debate on the report of the Finance and Planning Committee that could provide a relief to the public on fuel prices.
Through the Petroleum Products (Taxes and Levies) (Amendment) Bill, 2021, MPs want a reduction of the PDL to Sh2.9 after revoking the Petroleum Development Levy Order, 2020 and amending the Petroleum Development Fund Act, 1991 to provide the amount that shall be charged for the levy.

Final say

The MPs also want to have final say on use of the PDL, with the National Treasury coming under pressure for admitting that it misallocated Sh18.1 billion from the kitty for use in upgrade of infrastructure facilities, drying the fund of monies to stabilise fuel prices in last month’s review.
The lawmakers also proposed a reduction of VAT on fuel from 8 per cent to 4 per cent, which would also significantly reduce fuel prices.
Meanwhile, the MPs also want the oil marketers’ margin cut by Sh3 per litre through amendment of the Energy (Petroleum Pricing) Regulations, 2010.
In Thursday’s review, this margin was cut by Sh6.13 for petrol, Sh6.86 for diesel and Sh4.63 for kerosene. – nation.africa

Kongsberg: Five dead in Norway bow and arrow attack

Armed police on the streets of Kongsberg after an attacker opened fire on people with a bow and arrow
Four women and a man were killed and two others wounded when a man used a bow and arrow to attack them in Norway.
Police first received word of an attack in the town of Kongsberg, south-west of the capital Oslo, at 18:12 local time (16:12 GMT).
A Danish man aged 37 has been arrested and questioned for hours overnight.
Police said they had previously been in contact with him over fears of radicalisation after he converted to Islam.
The victims were all aged between 50 and 70, regional police chief Ole Bredrup Saeverud told reporters on Thursday morning.
He said they were most likely killed after the police first confronted the attacker at 18:18.
Reports of the incident were “horrifying”, said Prime Minister Erna Solberg, hours before she was due to leave office.
“I understand that many people are afraid, but it’s important to emphasise that the police are now in control,” she said.
The attacker is said to have launched the assault inside a Coop Extra supermarket on Kongsberg’s west side. One of those injured was an off-duty police officer who was in the shop at the time.
A spokesperson for the chain later confirmed a “serious incident” at their store, adding that none of their staff were physically injured.
Local police chief Oyvind Aas confirmed that the attacker had managed to escape an initial confrontation with police before an arrest was finally made at 18:47 local time, 35 minutes after the attack began.

Norway country profile

One witness told local outlet TV2 she had heard a commotion and seen a woman taking cover, then a “man standing on the corner with arrows in a quiver on his shoulder and a bow in his hand”.
“Afterwards, I saw people running for their lives. One of them was a woman holding a child by the hand,” she added.
Police have told Norwegian news agency NTB that the attacker also used other weapons during the incident, without giving more details on what they were.
The suspect moved over a large area, and authorities cordoned off several parts of the town. Residents were ordered to stay indoors so authorities could examine the scene and gather evidence. Surrounding gardens and garages were searched with the help of sniffer dogs.
The attack was Norway’s deadliest since far-right extremist Anders Behring Breivik murdered 77 people, most of them at a children’s Labour Party summer camp on the island of Utoya in July 2011.

‘Completely inconceivable’

Kongsberg Mayor Kari Anne Sand said it was a shocking attack that had taken place in an area where many people lived, and that a crisis team would help anyone affected.
Describing the town as “a completely ordinary community with completely ordinary people”, Ms Sand said everyone had been deeply shaken by “this very tragic situation.”
The suspect was taken to a police station in the town of Drammen, where his defence lawyer, Fredrik Neumann, said he was questioned for more than three hours and was co-operating with authorities.
The suspect had a Danish mother and Norwegian father, he explained.
Norway’s outgoing justice minister Monica Maeland told reporters the police did not yet know whether or not it was act of terrorism and could not comment on details emerging about the suspect.
Police prosecutor Ann Irén Svane Mathiassen told TV2 that the man had lived in Kongsberg for several years and was known to police.
The attack came on the final day of Erna Solberg’s conservative government, and a new justice minister takes over the case on Thursday under a centre-left coalition led by Labour leader Jonas Gahr Store.
Mr Store said it was a “gruesome and brutal act”, hours before announcing his new cabinet.
Norwegian police are not usually armed and after the attack the police directorate ordered all officers nationwide to carry firearms as an extra precaution.
Police were searching the Huseby area of north-western Oslo on Thursday following reports of a man being seen carrying a bow and arrow. Police stressed no-one had been hurt and there was no threat.
“The police have no indication so far that there is a change in the national threat level,” the directorate said in a statement (in Norwegian).

Judge orders State to regularise Huduma Namba roll out

The High Court on Thursday declared the government’s rollout of Huduma Namba cards unconstitutional on grounds that no data protection safeguards were implemented by the Interior ministry.
Justice Jairus Ngaah has, however, gave the Interior ministry an opportunity to regularise the process by ordering that an impact assessment be done in relation to data collected from over 36 million Kenyans, many of whom have already collected their Huduma Cards.
Katiba Institute sued the Interior ministry last year seeking to block the rollout, arguing that no guarantees were given that Kenyans’ data is safe from abuse.
“An order is hereby issued to bring into this honourable court to quash the government decision of November 18, 2020 to roll out Huduma Cards for being ultra vires of the Data Protection Act, 2019.
An order of mandamus is hereby issued compelling the government to conduct a data impact assessment in accordance with section 31 of the Data Protection Act, 2019 before processing of data and rollout of the Huduma Cards,” Justice Ngaah ruled.
The Interior ministry had argued that the Data Protection Act came into place before plans to rollout the Huduma Cards were launched.
But Justice Ngaah has ruled that the Data Protection Act should have been enacted retrogressively. This means that the Interior ministry should have complied with the Data Protection Act once it came into force. – nation.africa

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