Brian Nzomo

Jan 17, 2025 | kenyanwallstreet.com | Brian Nzomo

The government is planning to make social media platforms establish physical offices locally, as part of a broader strategy to combat what it calls ‘digital abuse’. On Thursday, the Principal Secretary in the Interior Ministry – Raymond Omollo – convened a meeting with representatives from telcos and social media companies. He informed them that the government was committed to strengthen its policies on digital media platforms in order to stem the proliferation of ‘harmful content’.

Jan 17, 2025 | kenyanwallstreet.com | Brian Nzomo

Economic uncertainty, currency depreciation, and bloated operational costs have pushed vehicle manufacturer CMC Motors Group out of the East African markets after 40 years of operations. The subsidiary of CMC Holdings announced on Friday that it had complied with local regulations and distributorship agreements before winding up its operations in Kenya, Uganda, and Tanzania. The company tried to restructure its operations in 2023 but the business environment has not been kinder to their business.

Jan 17, 2025 | kenyanwallstreet.com | Brian Nzomo

The area under cultivation of wheat in Kenya has been falling since 2019 as farmers shift to maize farming, according to data from the KNBS. In 2023, the area under wheat cultivation was 104,440 hectares compared to 2022 when it was 119,554 hectares, with production decreasing as a result. On the flip side, maize cemented its position as a staple food crop with the area dedicated to maize cultivation increasing from 2,113,520 hectares in 2022 to 2,430,013 hectares in 2023.

Jan 16, 2025 | kenyanwallstreet.com | Brian Nzomo

After 15 months of a devastating war between Israel and Hamas, mediation talks in Qatar have culminated in a mutual agreement by both parties to release hostages and end the conflict in the Gaza strip. The mediating countries – Egypt, Qatar and the United States of America – announced that the cessation of hostilities will begin on Sunday 19th January if the agreement is approved by the Israeli cabinet.

Jan 16, 2025 | kenyanwallstreet.com | Brian Nzomo

The Sugar Bill signed into law by President William Ruto in November last year was a Trojan horse for the 4% Sugar Development Levy that will most likely be transferred onto consumer prices. The law sought to revitalize the ailing Kenyan sugar industry which has wrecked the economic prospects of many cane farmers in Western and Nyanza regions.