Govt to Close 742 Companies, Privatize KPC, and Pay Ksh 230M to Ex-Pan Paper Workers - November 2025

The Kenyan government has announced plans to close 742 companies, with the Registrar of Companies publishing a gazette notice giving a three-month period for objections before the dissolutions take effect in February. In a separate move impacting a state-owned enterprise, President William Ruto announced that Kenya will privatize the Kenya Pipeline Company (KPC). Kenya plans to divest 65 percent of its stake, allowing Uganda and other regional investors to co-invest after a listing on the Nairobi Securities Exchange. Additionally, the government has released Ksh 230 million to former employees of Pan Paper Mills. This payment addresses long-standing arrears and is considered a significant step toward reviving the region's industrial economy.