Food Container Maker Tupperware Files for Bankruptcy
Tupperware, maker of iconic food containers, has filed for bankruptcy after years of dwindling sales. The company was founded in 1942 by Earl Tupper, a chemist, who designed airtight seals [...]
JP Morgan CEO Jamie Dimon to Visit Kenya Amid License Delay
JP Morgan Chase CEO Jamie Dimon is set to visit Kenya next month, as part of a broader African tour aimed at expanding the bank’s footprint on the continent, Reuters [...]China Imposes 6 Month Ban, US$ 62mn Fine, on PwC over Botched Evergrande Audit
China's Securities Regulatory Commission and the Ministry of Finance have suspended accounting giant PricewaterhouseCoopers International (PwC) for six months and fined it 441mn Yuan (US$62 million) over the firm's audit [...]
Why Kenya Ranks Among World’s Top Expat Destinations
Kenya continues to solidify its position as a leading destination for expatriates, ranking 14th out of 53 countries in the 2024 Expat Insider survey conducted by InterNations. Among the most [...]European Central Bank Cuts Rates to 3.5%
The European Central Bank (ECB) has cut its key interest rates by 0.25 percent in its meeting on Thursday, just days ahead of a much anticipated decision by the US [...]US Inflation Slows to 3-Year Low in August Ahead of Fed Meeting
Inflation in the United States (US) softened in August, raising hopes of a gradual rate cut of 25 basis points during the US Federal Reserve next meeting on September 18th, [...]China Pledges Kshs. 6.5 trillion to Africa amidst Repayment Concerns
China's President Xi Jinping has committed 360 billion yuan ($50.70 billion, Kshs. 6.512 trillion*) in financing to the continent and at least one million jobs at the ongoing Forum on [...]US Fines Nigerian Fintech Boss US$ 250mn Over Fictional Claims'
A US federal court has fined Nigerian fintech entrepreneur, Dozy Mmobuosi, about US$250 million for failing to represent his case to charges leveled against him by the Securities and Exchange [...]American Investors Sue Kenyan Businessman Julius Mwale For US$ 870,000 Fraud
An American couple Mathew Shaw and Brooke Shaw are accusing US-based Kenyan businessman Julius Mwale and his wife Kaila Mwale of defrauding them US$ 870,000 (KSh 112 million), [...]China's Lending to Africa Surged to US$ 4.6 bn in 2023
China increased its lending to Africa in 2023 to US$ 4.6 billion marking the first increase in 7 years, according to research by the Boston University Global Development Policy Center. [...]Why France Arrested Telegram Founder Pavel Durov
Over the weekend, Telegram CEO and founder Pavel Durov was arrested by the French authorities after his private jet landed at Bourget Airport in Paris from Azerbaijan. Durov is alsoaccused [...]Kenyans Prefer Donald Trump to Kamala Harris for US President-Recent TKWS Poll
A recent poll by The Kenyan Wall Street asked over 2,300 respondents, “If you were voting in the upcoming US election, who are you casting a ballot for,” former President [...]
