Interview: Opportunities and Expectations for 4th AmCham Business Summit
The upcoming 4th AmCham Business Summit, slated for April 24th and 25th in Nairobi aims to bolster trade and investment ties between the U.S. and East Africa. Additionally, the U.S. [...]
Kenya’s Economic Growth Rate to Slow to 5% in 2024-IMF Forecast
Kenya’s Gross Domestic Product (GDP) growth is projected to slow down to 5% in 2024 from 5.3% in 2023 before jumping to 5.3% in 2025. Apart from Kenya, Côte d’Ivoire [...]
Iran-Israel Conflict's Escalation Increases Risk of War, Business Disruptions
Global oil and gold prices fluctuated after reports that Israel had launched a retaliatory strike on Iran on Thursday, as traders hedged their risks on the back and forth attacks [...]Trader’s View: 2024, Year of Gold (XAUUSD) and Nasdaq100?
2024 has kicked off all-time highs for Gold (XAUUSD), Nasdaq100, Bitcoin and other cryptocurrencies. The different asset classes have previously experienced significant selling pressure, especially from November 2021 to December [...]
Donald Trump Leads Joe Biden with over 63% among Kenyans in Recent TKWS Poll
It’s election year in the United States and the two front runners are looking toward rehashing their battle in 2020. A recent poll of over 1, 000 Kenyan professionals by [...]
Samsung Tops Global Smart Phone Sales in Q1 2024
Samsung has overtaken Apple as the leading mobile devices provider, to occupy the top spot at the end of the first three months of this year-(Q1 2024). Samsung now enjoys [...]Tesla Cuts 10% of its Global Workforce
American auto manufacturer, Tesla, will retrench 15,000 workers in all its departments as a strategic scheme of remaining afloat and profitable in the competitive EV market. As part of this [...]
IMF Retains Kristalina Georgieva As MD for Second Term
The International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as its Managing Director for a second five-year term that commences on October 1st, 2024. “I am deeply grateful [...]Investors Worried about Apple's Stock Performance amidst Market Woes
Apple has witnessed a 10% dip in share value due to declining sales of its products and the mistrust it has brewed with regulators in major markets. The US Department [...]NSE Upgraded in New FTSE Russell Index Ratings
The Nairobi Securities Exchange (NSE) has been reclassified by the FSTE (Financial Times Stock Exchange) Russel Index from ‘Restricted’ to ‘Pass’, after it fixed delays in repatriating capital. “We are [...]US Launches Africa Trade Desk, Targets $300mn Deals in 18 Months
Prosper Africa, a US government national security initiative, has announced the launch of Africa Trade Desk, a platform to link African agricultural producers and suppliers with large US food retailers. [...]Kenya’s Volume of Trade Ups to KSh 336.2 Billion in Jan 2024
Kenya’s volume of trade rose from KSh 303.9 billion in December to KSh 336.2 billion in January 2024 according to the latest figures from the Kenya National Bureau of Statistics(KNBS). [...]
