Biden Quits and Endorses VP, Microfinance Banks Lose More Money Here's what you need to know to start your week on #TheWeeklyBrief
The Kenyan Wall Street
Media Production
The leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa
About us
Founded in 2015 with a focus on Kenya’s publicly-traded companies, TKWS has evolved into a highly respected business publisher in Kenya covering everything impacting the financial lives of businesses and citizens alike. Without political, socio-economic, or tribal bias, TKWS strives to conduct only the highest-quality journalism and research available to the global community with a focus on Kenya. The only bias consumers of TKWS can expect is our undying mission to support Kenya in becoming the most efficient, effective, and business-friendly country on the African continent. TKWS is a digital-first company equipped with some of Africa’s most experienced and respected journalists while also producing high-quality audio and video content that meets the needs of the modern generation. Leveraging a strong, non-gate kept website with large social media audiences and various group chats, TKWS’ distribution model is designed to reach readers and viewers across the globe in the venues where they spend most of their time... online.
- Website
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http://www.kenyanwallstreet.com
External link for The Kenyan Wall Street
- Industry
- Media Production
- Company size
- 11-50 employees
- Headquarters
- Nairobi
- Type
- Privately Held
- Founded
- 2015
- Specialties
- Latest on Business and financial markets, Investing, Fintech, and Financial Services
Locations
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Primary
Nairobi, KE
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Nairobi, KE
Employees at The Kenyan Wall Street
Updates
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In today's edition of #TheWeeklyBrief newsletter, we feature proposal by Adani Airport Holdings Ltd (AAHL), to invest US$ 1.84 billion in a bid to expand the Jomo Kenyatta International Airport (JKIA). The proposal, a copy of which The Kenyan Wall Street has seen, is under a concession agreement seeking an expected 18 percent annual return on investment if the deal is accepted. The government (Kenya Airports Authority) would grant concession to Adani to finance, build and operate the project for 30 years, and give the company an equity stake in perpetuity. Stay updated on this and other stories: https://lnkd.in/dEEwV_td
Adani's $1.89bn JKIA Proposal, John Mbadi's Plans for Treasury
The Kenyan Wall Street on LinkedIn
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Last week, President William Samoei Ruto, PhD nominated opposition MP John Mbadi to replace Prof. Njuguna Ndungu as the Cabinet Secretary of National Treasury, at a time when the ministry has been under siege. - The seasoned politician holds a Master of Business Administration from the University of Nairobi and is currently serving as a nominated member of parliament. - He served as Member of Parliament between 2008-2022, once served as leader of minority, and was an assistant minister between 2012-2013 - Before he joined politics, Mbadi worked as a senior accountant and full accountant at University of Nairobi between 1999-2005 and Finance Director at Medair East Africa. Learn more about him: https://lnkd.in/dpubjMVv
What You Need to Know about CS for Treasury Nominee John Mbadi
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Last week, the Kenya Shilling weakened further against the US Dollar, closing the week at KSh132.57 from KSh130.73 the previous week. - The Shilling’s 1.4% downtick dragged the year-to-date performance to 15.3%. - The marginal weakening is partly attributed to high demand for dollars during the week, coupled with the weekly protests as effects of the recent Moody’s downgrade permeates through the economy. - The equities market closed the week on a bearish note, signaled by the NSE All Share Index (NASI), which was down marginally week on week by 4.1% to close at 104.2. https://lnkd.in/dWR2_fXY
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A popular misconception in many government policies is that restrictions and enforced bans can drive up the demand of alternative products even when the market is not incentivized. One of the collective goals of modern governments is the long-term adoption of electric vehicles (EVs) to replace fossil fuel-powered vehicles. In countries like Kenya and Rwanda, there is a steady rise in private sector investors like Roam, BasiGo, SPIRO, and most recently – NETA has seen positive growth in EV assembly and manufacturing. By fostering partnerships and delivering incentives to sector players like ride-hailing companies, public transport vehicles, and logistics companies – EV adoption has been normalized and the reaction from the public has been impressive. They still have a long way to go, but the organic growth means that car buyers are more likely to make informed decisions about purchasing EVs, as opposed to being forced to. https://lnkd.in/djbmPgXH
Why Innovators and Investors, not Governments Should Lead EV Revolution
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On the week of July 15th, crews from Kenya Power (KPLC) mutilated trees across Nairobi that had the potential to interfere with power transmission lines particularly in neighborhoods such as Kilimani, Kileleshwa, and Lavington – neighborhoods renowned for their greenery. Crews butchered trees close to lines, even destroying ones not directly impacting its lines. Residents and their representative associations are in uproar over the tree butchering, citing issues of loss of property value, inconvenience, and lack of communication from KPLC. “Trees are an integral part of our urban ecosystem, providing not only aesthetic value but also crucial environmental benefits such as air purification, temperature regulation, and habitat for urban wildlife.” - Peter Kitavi (Executive Director, Kilimani Project Foundation). https://lnkd.in/dCp4jwpK
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The European Union (EU) and US have sanctioned more than ten people, including a high-ranking Rwandan military officer, and two entities, for “serious human rights violations and abuses in the Democratic Republic of the Congo (DRC), and for sustaining the armed conflict, instability and insecurity in the Eastern DRC.” The list includes leaders of the M23-officially known as the March 23 Movement/Congolese Revolutionary Army (M23/ARC). The rebel group is engaged in armed conflict with Kinshasa that has seen it win territory across large swathes of the Eastern part of the vast country. https://lnkd.in/dwMKHcGJ
EU, US Sanction Rebel Leaders for Conflict in Eastern DRC
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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 in Addis Ababa, Ethiopia. https://lnkd.in/dqFUhn4W
Finance and Foreign Ministers Call For Reform of Global Financial System
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New Livestock Bill Outlines Strict Fines for Unregistered Livestock Farmers, Tightens Production. - The bill restricts unregistered livestock farmers from manufacturing animal feeds to sell and sets a fine of KSh 500,000 or an year’s imprisonment if this provision is violated. - The authority shall also prescribe the type of inputs that will be used in livestock production and recommends a KSh 1 million fine or 2 years of imprisonment if a livestock farmer uses disallowed ingredients. “The Authority shall also monitor the utilization of imported and local animal genetic resources intended for breed improvement. It shall also regulate the production, processing, sale, and importation of hive products,” the bill enumerates. https://lnkd.in/dcPhYz6h
New Livestock Bill Outlines Strict Fines for Unregistered Livestock Farmers, Tightens Production
https://kenyanwallstreet.com
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According to the audience measurement and industry trends report by Communications Authority of Kenya (CA), the total spending grew from KSh16 billion in the Q1 2023/24 to KSh17 billion in the Q2 2023/24 but it fell to KSh15 billion in Q3 2023/24. At workplaces, radio is the preferred medium, while television content is more popular in social environments such as bars, restaurants, and hotels. Specifically, TV has the greatest spending, with radio coming in second. “The predominant allocation of advertising spending is directed towards free to air TV, highlighting its central role in the advertising landscape. This emphasis on free to air TV underscores its effectiveness in reaching a wide and diverse audience,” notes CA. https://lnkd.in/dgqYKrDB
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