The Kenyan government has announced plans to close 742 companies, a move that will put hundreds of jobs at risk due to various economic pressures. The Registrar of Companies, Damaris Lukwo, published a gazette notice on Friday, giving a three-month period for objections before the dissolutions take effect in February next year.

• 742 companies are slated for dissolution by the Registrar of Companies.
• The primary reasons for closure include completion of purpose, inactivity, inability to pay debts, mismanagement, shareholder stalemates, and breaches of statutory obligations such as failure to file annual returns.
• The companies have a three-month window to raise valid objections before their names are struck off the Register of Companies, after which they can no longer conduct business or enter legal contracts.

The Kenyan government has released Ksh 230 million to former employees of Pan Paper Mills, addressing long-standing arrears and marking a significant step towards the revival of the region's industrial economy.

• Ksh 230 million was paid out to hundreds of former Pan Paper Mills workers.
• The event was overseen by National Assembly Speaker Moses Wetang’ula and attended by Bungoma Governor Kenneth Lusaka in Webuye.
• The payout signals a fresh start for families affected by the factory's collapse and is credited to investor Narendra Raval (Rai) for reviving the plant, now known as Rai Paper.

Kenya and Uganda will jointly own shares in the Kenya Pipeline Company (KPC) after Kenya publicly lists KPC shares on the Nairobi Securities Exchange as part of a privatization deal. President William Ruto announced that Kenya will divest 65 percent of its stake, allowing Uganda and other regional investors to co-invest.

• Kenya plans to divest 65 percent of its stake in KPC, retaining 35 percent.
• President William Ruto announced the agreement during an investment tour in Uganda.
• The privatization of KPC through an Initial Public Offering is expected to be completed by March 31, 2026, with parliamentary approval secured in October 2025.