Business Daily Africa

US investigating Johnson & Johnson over baby powder’s Safety

In a separate statement, the company said that “the inquiries are related to news reports” about the welter of lawsuits it faces from consumers who claim its talc products caused cancers.

Business Daily Africa , Kenya Feb 21, 2019

VW South Africa targets record output despite headwinds

German carmaker Volkswagen’s South African unit expects to produce a record number of vehicles this year despite a sluggish domestic economy, power outages and looming talks with unions, its managing director said.

Business Daily Africa , Kenya Feb 21, 2019

KenolKobil share trading suspended for 12 days

The freeze on trade will facilitate reconciliation of the shares which have been tendered for purchase by the French conglomerate Rubis Énergie SAS for a price of Sh23 per piece.

Business Daily Africa , Kenya Feb 21, 2019

City Hall clings to JamboPay as contract ends

This comes after Nairobi Assembly Budget and Appropriations committee chair Robert Mbatia said that the electronic payment firm will need to stay for at least three more months to allow for a smooth transition.

Business Daily Africa , Kenya Feb 21, 2019

Sasini picks SGA boss as its chief executive

The new CEO, a holder of Master’s degree in Business Administration from UK’s Oxford Brookes University, becomes the fourth boss to occupy the Sasini corner office in about four years.

Business Daily Africa , Kenya Feb 21, 2019

Doctors in botched surgery reject panel’s ruling

Two of three doctors involved in a botched breast surgery that led to the death of Ms June Wanza Mulupi are seeking court orders to stop the ongoing disciplinary process against them.

Business Daily Africa , Kenya Feb 21, 2019

EXCLUSIVE: How Bic wrote Sh714m cheque for Chris Kirubi

In December 2017, the billionaire took back full control of Haco after acquiring Johannesburg-based Tiger Brands’ then 51 percent stake in the fast-moving consumer goods manufacturer for an undisclosed sum.

Business Daily Africa , Kenya Feb 21, 2019

Chaos at City Hall as power goes off

City Hall, the seat of Nairobi’s county government, was Wednesday thrown into confusion after striking workers switched off electricity and refused to collect revenue as the employees’ go-slow entered its second week.

Business Daily Africa , Kenya Feb 20, 2019

World Bank arm pumps Sh600m into tech firms

The International Finance Corporation (IFC) is set to invest Sh600 million in technology-based companies in Kenya and other African markets, underlining the institution’s increased interest in local start-ups.

Business Daily Africa , Kenya Feb 20, 2019

Helb seeks to float Sh500m bond to ease funds pressure

The Higher Education Loans Board (Helb) has announced plans to float a Sh500m bond even as it struggles to recover billions of shillings from defaulting past loanees.

Business Daily Africa , Kenya Feb 20, 2019
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