World Bank Holds Tanzania's $50m Over Contentious Statistics Act
According to the Citizen, the World Bank is holding up to $50 million set aside for Tanzania over the Statistics Act which restricts freedom of speech. However, Doto James, the [...]
Nairobi Ranked 6th Wealthiest City in Africa
Nairobi is the sixth wealthiest city in Africa according to a report by AfrAsia Bank Africa Wealth Report 2018. Nairobi’s wealth is valued at $54 billion compared to Johannesburg’s $276 [...]
Uchumi Gets Reprieve from Eviction Sale of Assets
Uchumi Supermarkets has received an injunction from the High Court against the eviction, sale of land holdings, and distress for rents pending the ruling of an insolvency petition by one [...]
Facebook Introduces First Africa Fact-Checking Program in Kenya
Facebook has launched a third-party fact-checking program in Kenya to help people evaluate the accuracy of the news, halt the spread of misinformation, and improve the quality of news that [...]
African banks such as the National Bank of Kenya and Barclays Tanzania and Zambia have joined JP Morgan’s Interbank Information Network (IIN), the first live blockchain service the company is [...]
38% of Kenyans Don't Have Legal Proof of ID Study
A study by Cenfri indicates that 38 per cent of the Kenyan population does not have a legal means to prove its identity thereby excluding it from financial services. In [...]
Kenyan Nominated for Black British Business Awards
A Kenyan, Andrew Wamae, has been nominated for the British Black Business Awards (BBBA) that takes place tonight. Wamae is the founder of an independent London art school called The [...]
Citi Issues Safaricom Neutral Rating After it was Recently De-Rated
Citi Research has upgraded Safaricom's share to neutral, noting that the risk-reward is balanced after the recent de-rating. According to Citi's report, the de-rating was warranted because of the recent [...]
Agriculture Ministry Raises Alarm Over Declining Coffee Production
The Ministry of Agriculture has raised an alarm over declining coffee production from an all-time high of 128,862 tonnes in 1987/88 to the lowest production of 38,620 tonnes in 2016/17. [...]
Vivo Energy Engen Restructure Acquisition Transaction of 10 Engen Operations in Africa
Vivo Energy and Engen Holdings have restructured the acquisition of Engen International Holdings by the former’s subsidiary, Vivo Energy Investments B.V. The restructuring process will enable the completion of the [...]
Economists Warn Over the Emergence of County Trading Blocs in Kenya
Economists have warned over the emergence of county trading blocs in Kenya that are not backed by legal and institutional frameworks according to KBC. As county government rush to create [...]
Interview with the Founder Director of Crypto Exchange Pesamill Africa, Brian Ngugi
The Kenyan Wall Street sat down with Brian Ngugi, the founder of the newly launched cryptocurrency exchange in Kenya, Pesamill Africa. Here is the conversation; Kindly begin by introducing yourself [...]
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