China Pledges Kshs. 6.5 trillion to Africa amidst Repayment Concerns
China's President Xi Jinping has committed 360 billion yuan ($50.70 billion, Kshs. 6.512 trillion*) in financing to the continent and at least one million jobs at the ongoing Forum on [...]
US Fines Nigerian Fintech Boss US$ 250mn Over Fictional Claims'
A US federal court has fined Nigerian fintech entrepreneur, Dozy Mmobuosi, about US$250 million for failing to represent his case to charges leveled against him by the Securities and Exchange [...]
American Investors Sue Kenyan Businessman Julius Mwale For US$ 870,000 Fraud
An American couple Mathew Shaw and Brooke Shaw are accusing US-based Kenyan businessman Julius Mwale and his wife Kaila Mwale of defrauding them US$ 870,000 (KSh 112 million), [...]China's Lending to Africa Surged to US$ 4.6 bn in 2023
China increased its lending to Africa in 2023 to US$ 4.6 billion marking the first increase in 7 years, according to research by the Boston University Global Development Policy Center. [...]Why France Arrested Telegram Founder Pavel Durov
Over the weekend, Telegram CEO and founder Pavel Durov was arrested by the French authorities after his private jet landed at Bourget Airport in Paris from Azerbaijan. Durov is alsoaccused [...]Kenyans Prefer Donald Trump to Kamala Harris for US President-Recent TKWS Poll
A recent poll by The Kenyan Wall Street asked over 2,300 respondents, “If you were voting in the upcoming US election, who are you casting a ballot for,” former President [...]
VIDEO: Why Were Global Stock Markets So Turbulent Last Week?
Last week, global stock markets experienced significant volatility, leaving many investors on edge. The turbulence was particularly evident in Japanese equities, which lost $1.1 trillion in value within just three [...]Hindenburg Report 2.0 Erects Another Hurdle for Adani's Global Operations
US-based short seller, Hindenburg Research, has unleashed a new report alleging the Chairperson of Securities and Exchange Board of India (SEBI) Madhabi Puri Buch and her husband invested [...]Global Markets Fall after Japan Rate Hike, US Recession Fears
Global markets, including equity and crypto markets, opened this week with record lows as fears that the US is headed into a recession, a rate hike by the Bank of [...]Chinese EV Firm Chery Signs Deal with Local Manufacturer, Plans to Build Assembly Line
A Kenyan autodealer, Afrigreen Automobile, is set to benefit from a US$20 million investment from Chinese EV manufacturer Chery which will be used to establish an assembly plant in [...]Finance and Foreign Ministers Call For Reform of Global Financial System
Finance and foreign ministers have called for the remaking of the international financial system to improve the prospects of developing countries at a just-concluded United Nations (UN) Member States meeting [...]US President Joe Biden Quits White House Race, Endorses VP Kamala Harris
US President Joe Biden has decided not to seek reelection, and instead endorsed his Vice President Kamala Harris for the Democratic Party nomination. “I believe that it is in the [...]
