Mass Job Losses Loom as 126 Companies Close, 392 Warned

Kenyans are bracing for significant job losses as the Registrar of Companies announced the dissolution of 126 companies and warned 392 others of imminent closure. This comes amidst a challenging economic environment and rising unemployment in the country.

Mass Layoffs Loom as 140 Companies Announce Imminent Shutdown

Hundreds of Kenyans face job losses as 140 companies have issued notices of dissolution, signaling imminent mass layoffs. These notices, published in a gazette notice dated October 31, allow the public three months to dispute the intended shutdowns.

Kenyan companies urged to boost risk management to protect growth and jobs