Thu, 26-Feb 2026

Search news articles
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics
  • Kenya Business NewsAfrican Business NewsGlobal News
  • Press Releases
  • Shows
  • Best Places to Work 2026
Subscribe
Events
Subscribe
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics

    Contact Us

    Media Queries & Partnerships:[email protected]

    About Us

    We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe.

    Disclaimer

    The information contained in this website is for general information purposes only.
    © 2026 Wallstreet Africa Technologies LTD.. All Rights Reserved.
    1.0.32

    US President Joe Biden Quits White House Race, Endorses VP Kamala Harris

    The Kenyan
    By The Kenyan Wall Street
    - July 21, 2024
    - July 21, 2024
    AnalysisGlobal News
    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.

    • •The news follows weeks of concern within the Democratic Party about President Biden’s health, especially after months of incidents where he appeared confused.
    • •It is likely a boost to former US President Donald J. Trump, who now does not have to face an incumbent in November.
    • •With just four months to the elections, it likely places VP Kamala Harris at a disadvantage, as she has to play catch up to Trump. 

    “I believe that it is in the best interest of my party and the country for meto stand down and to focus solely on fulfilling my duties as President for the remainder of my term,” Biden said in a statement on Sunday. After his exit, Trump reportedly told CNN that Biden will go down as “the single worst president by far in the history” of the United States.

    The rare historic decision is the first in five decades, since President Lyndon Johnson decided not to run for re-election in 1968. It is likely that its rarity, the short window for the Democratic party rally around another candidate to defeat Trump, as well as recent events such as the attempt on Trump’s life, will reshape US politics over the next few months.

    Why Biden’s Exit Matters

    The US’ primary role in the globe has been undergoing a critical transformation since Trump beat Hillary Clinton in 2016. The election of a relative outsider, especially one who built a campaign about placing America first, saw the US begin rescinding its primary ‘global policeman’ role. But Trump’s election also opened new fissures in how other countries relate with Washington, and his reelection would likely re-trigger that process.

    Biden’s decision to quit comes just two months after he met President William Ruto in Washington in a state visit where they announced a raft of deals that are likely to be on the line if Trump is elected in November, or even if the new Democratic Party nominee decides on a different route. It also comes just weeks after Kenya begun deploying police officers to help pacify Haiti as the lead in a deal driven primarily by the Biden administration at the UN.

    But it is could also give President Ruto some breathing space, since events at home since May have reshaped his continuing efforts to be Washington’s main man in the region. The likely reshaping of how the US interacts with Nairobi, especially in light of ongoing protests that have left over 50 people dead and hundreds injured, will depend on which side the die falls in November. 

    Read More in tomorrow’s issue of The Weekly Brief by The Kenyan Wall Street.

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Your edge in markets, powered by AI

    Explore cutting-edge insights with our AI assistant, delivering real-time analysis, personalized news, and in-depth answers at your fingertips.

    Sign Up

    Show me today’s top trades

    Explain the market in simple terms

    What’s my next smart move?

    Report Issue

    Wall Street Africa Business Intelligence

    Access exclusive news, expert analysis, and tools designed to give investors an edge.

    Fixed Income

    Real-time bond pricing with instant calculations, auction data, yield curves, and trend analysis for Africa’s fixed-income markets.

    Local and Global Insights

    Unique perspective with a blend of local and global news and analysis, tailored for African investors.

    Real-Time Economic Indicators

    Monitor inflation, currency movements, and other key economic indicators for African countries.

    Interactive Data for Local Markets

    Visualize trends and compare markets across Africa with interactive charts and tools.
    Wallstreet Africa
    Wallstreet Africa
    Wallstreet Africa