The Kenyan Wall Street
The Kenyan Wall Street (TKWS) is the flagship publication of the Wall Street Africa Group (WSA Group). Founded in 2015 as a simple Twitter account focusing 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.
The Kenyan Wall Street
The Democratic Republic of Congo (DRC) was Kenya’s fastest growing export market in the region in 2024, in a year when Kenya’s trade relations with Africa underwent notable shifts.
Africa now accounts for 38.3% of Kenya’s total exports with the East African Community (EAC) member states accounting for 75.5% of that.
In 2024, Kenya’s total exports to Africa declined by 2.2% to KSh 425.6 billion from KSh 435.0 billion in 2023.
Uganda retained its position as Kenya’s largest export destination in Africa despite a marginal decline, while trade with DRC grew by 20%.
kenyanwallstreet.com/drc-boosts-export-market-as-k…
6 months ago | [YT] | 6
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The Kenyan Wall Street
🚨Safaricom has become the first listed company in East & Central Africa to cross $3 billion (KSh 388.7B) in annual revenue.
#SafaricomFYResults
6 months ago | [YT] | 13
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The Kenyan Wall Street
What if a barber shop could be more than just a haircut?
Meet Ian Njoroge the Kenyatta University student redefining Nairobi’s grooming culture with Mancave Manmarket — a bold concept turning the traditional kinyozi on its head.
From outdated routines to innovative experiences, this is the story of how young minds are disrupting an age-old industry.
Read more on his story here: kenyanwallstreet.com/ku-student-disrupting-nairobi…
6 months ago | [YT] | 9
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The Kenyan Wall Street
Ethiopia’s Council of Ministers has ratified a draft law that will define how foreigners can own real estate, as the country reforms its laws to encourage foreign investment.
Ethiopia’s currently does not allow foreigners to own real estate, whether residential or commercial, severely limiting how non-citizens can invest in the sector and the wider economy.
In March, Prime Minister Abiy Ahmed spoke about the looming changes to ease property ownership laws, as part of wider liberalisation reforms.
Read More: kenyanwallstreet.com/ethiopia-to-allow-foreigners-…
6 months ago | [YT] | 5
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The Kenyan Wall Street
Burkina Faso grants Russia’s Nordgold a mining lease for the Niou project (52.8 sq km), targeting 20.22 metric tons of gold over 8 years. The project will contribute 51.5B CFA francs (~$89M) to state revenue. The government holds a 15% stake.
6 months ago (edited) | [YT] | 134
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The Kenyan Wall Street
Niger’s military‐led government has signed a joint‐venture deal with Dubai’s Suvarna Royal Gold Trading LLC, a firm controlled by controversial Kenyan businessman Kamlesh Pattni to build the West African nation’s first domestic gold‑refining and jewellery complex.
Kamlesh Pattni was sanctioned by the U.S. and U.K. in December last year for allegedly leading a global gold smuggling and money laundering network based in Zimbabwe, which deprived the country of its natural resource revenues.
Under the pact with Niger’s government, Suvarna will jointly create Royal Gold Niger SA to construct a refinery, precious‑stone‑cutting line, and jewelry plant near the capital Niamey.
kenyanwallstreet.com/sanctioned-kenyan-businessman…
6 months ago | [YT] | 91
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The Kenyan Wall Street
BK Group Plc is set to merge its insurance subsidiary, BK General Insurance, with the Rwanda Social Security Board’s (RSSB) subsidiaries Sonarwa General and Sonarwa Life to form a new holding company, pending shareholder and regulatory approvals.
The transaction, once approved, will form “InsureCo”, a new holding company operating both general and life insurance businesses in Rwanda.
The deal, already approved by BKG’s board of directors, now awaits shareholder endorsement at the company’s Annual General Meeting (AGM) scheduled for 9th May 2025 at the Marriott Hotel in Kigali.
The new entity will provide diversified insurance products including motor, health, education, and life policies, and expand digital distribution and cross-channel servicing across Rwanda.
kenyanwallstreet.com/bk-group-rwanda-social-securi…
6 months ago | [YT] | 26
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The Kenyan Wall Street
The prices of construction materials in Kenya edged lower in the first quarter of 2025, driven largely by falling costs in key inputs such as steel, bitumen, and asphalt products, easing the financial pressure in the building and infrastructure sectors.
According to data released by the Kenya National Bureau of Statistics, the Construction Input Price Index fell 0.3% from the previous quarter.
Inflation in construction inputs Year-on Year slowed sharply to just 0.18% in Q1, compared to 3.56% during the same period last year.
The decline was led by a notable drop in the prices of steel and reinforcement bars, which fell 2.16% to an index value of 163.94.
kenyanwallstreet.com/construction-costs-dipped-in-…
6 months ago | [YT] | 1
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The Kenyan Wall Street
BK Group Plc is set to merge its insurance subsidiary, BK General Insurance, with the Rwanda Social Security Board’s (RSSB) subsidiaries Sonarwa General and Sonarwa Life to form a new holding company, pending shareholder and regulatory approvals.
The transaction, once approved, will form “InsureCo”, a new holding company operating both general and life insurance businesses in Rwanda.
The deal, already approved by BKG’s board of directors, now awaits shareholder endorsement at the company’s Annual General Meeting (AGM) scheduled for 9th May 2025 at the Marriott Hotel in Kigali.
The new entity will provide diversified insurance products including motor, health, education, and life policies, and expand digital distribution and cross-channel servicing across Rwanda.
kenyanwallstreet.com/bk-group-rwanda-social-securi…
6 months ago | [YT] | 4
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The Kenyan Wall Street
Catch up with our latest special feature of only the highlights with Maina Chege, where we uncover the details of Kenya's Public Debt Crisis.
7 months ago | [YT] | 1
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