World Bank to help Central Bank of Somalia set up $2.5M IT Platform
The Central Bank of Somalia has partnered with IT firm SOFGEN International Holdings to revive the country’s financial sector that has been in doldrums following political instability by setting up [...]
Largest Sovereign Wealth Fund’s Investment Journey in Kenya
What is a Sovereign Wealth Fund? A Sovereign Wealth Fund (SWF) is a state-owned investment fund or entity that is commonly established from balance of payments surpluses, official foreign currency [...]Playboy Mansion listed for Ksh 20.4 Billion($200M)
The Playboy Mansion is up for sale but longtime resident Hugh Hefner wants to stay put. Playboy Enterprise announced the West Los Angeles estate, the backdrop of many film shoots and [...]Frontier Markets in 2015
Top 5 Frontier Markets in 2015 With permission Kenyan Wall Street has the privilege of republishing the following article done by James Eugene an active contributor at Emerging Equity. EMerging [...]Global Outlook 2016
US Marc Faber publisher of the Gloom, Boom Doom Report views the 10 year US treasuries as attractive investments due to a weakening economic outlook. He believes that “we’re [...]Oil price falls to 11-year low with global glut expected to deepen in 2016
Brent crude slumped to the lowest level since 2004 amid speculation suppliers from the Middle East to the U.S. will exacerbate a record glut as they continue fighting for market [...]Asia stocks defy Wall Street to rise on China surge
Chinese shares led Asian markets higher yesterday, defying a dive on Wall Street, while the price of Brent crude plumbed 11-year lows on renewed worries over a global oil glut. [...]Republican Carson cancels Africa trip, citing security concerns
Republican U.S. presidential candidate Ben Carson canceled a trip planned for later this month to Africa that would have taken him to Kenya, Nigeria and Zambia due to what his [...]WTO Members Conclude Landmark $1.3 trillion IT Trade Deal
WTO members representing major exporters of information technology products agreed today (16 December) at the WTO's Tenth Ministerial Conference, in Nairobi, on the timetable for implementing a landmark deal to [...]Fed Ends Zero Rate Era
The Federal Reserve raised interest rates for the first time in almost a decade in a widely telegraphed move while signaling that the pace of subsequent increases will be “gradual” [...]SABMiller recalls 1 Million beer bottles due to broken glass
An Australian beer company owned by multinational brewing and beverage company SABMiller said today it has recalled more than one million bottles of beer after broken glass was found in [...]Ushahidi Platform Technology Used in Venezuelan Elections.
Kenyan Technology Exported to Venezuela Ahead of Venezuela’s pivotal parliamentary elections on Dec. 6, journalists and civil groups are deploying digital tools developed in Africa to keep tabs on cheating. [...]
