Johnson Johnson to pay $4.7B in cancer case
A Missouri jury decided against Johnson Johnson in a trial in which 22 women claimed the company's talc products contained asbestos which caused ovarian cancer. The pharmaceutical giant was [...]
Treasury CS Henry Rotich Dismisses CBK's Threat Claims
Treasury Cabinet Secretary Henry Rotich has dismissed the Central Bank’s claims that the Financial Markets Conduct Bill 2018 is a threat to the regulator. “We don’t attack institutions, these are [...]
Hong Kong Kenyan Business Leaders Collaborate to Promote Trade and Investment
Last month, 80 Hong Kong business representatives were in Kenya looking for investment and business opportunities in efforts to reduce the trade imbalance favouring China. The business leaders from the [...]ICIFA to Expel Members Compromised in Recent Fraud Corruption Cases
The Institute of Certified Investment and Financial Analysts (ICIFA) is set to expel and take away the licenses of members connected to the ongoing fraud and graft cases. ICIFA Members [...]Bamburi Cement Boosts Production Capacity with New Production Line at its Nairobi Plant
Bamburi Cement Limited has finished constructing a new production line worth Sh4 billion at its Nairobi grinding plant. This is first stage of the company’s capacity increasing program which kick-started [...]KRA Urges Taxpayers to File Returns Ahead of June 30 Deadline
The Kenya Revenue Authority (KRA) is urging taxpayers who have not filed their 2017 tax returns to do so before the June 30 deadline. The penalty for a late income [...]Struggling CMC Motors Lays Off 110 Employees Citing Loss of Franchise Deals
Automotive distributor CMC Motors has sacked 110 employees in a move to realign its business. According to the company, the loss of franchise deals has impacted its sales thereby forcing [...]Former Kenya Power MD Dr Chumo Nominated to Serve as SRC Chair
President Uhuru Kenya has nominated former Kenya Power managing director Ben Chumo for the position of chairman at the Salaries and Remuneration Commission (SRC). The President has also nominated former [...]BOC Kenya Appoints Marion Gathoga-Mwangi as New Managing Director
BOC Kenya PLC, a member of global gas supplier Linde Group based in Munich, has named Ms Marion Gathoga-Mwangi as the new managing director after Ms Millicent Onyonyi resigned from [...]Kenya's Big Four Agenda Receives Sh460bn in 2018/19 Budget
The Treasury has allocated nearly Sh460 billion for the government’s Big Four agenda which targets food security, universal healthcare, manufacturing, and affordable housing. The achievement of the four agendas will [...]National Assembly to Approve Projects Costing Over Sh1bn to Reduce Number of Stalled Projects
The National Assembly is set to approve projects worth more than Sh1 billion in efforts to cut down the number of stalled projects. The proposal was made by Parliament’s Budget [...]Nairobi City County to Build 4 Stadia In Line with FIFA Standards
The Nairobi City County is planning to build four new state-of-the-art stadia with the aim of increasing recreational facilities for the youth and promoting sports in the county. According to [...]
