87 Companies Set to Shut Down

President William Ruto is under mounting pressure to create an accommodative business environment...
✨ Key Highlights
Massive job losses loom as 24 companies in Kenya have issued notices of dissolution, with an additional 63 companies planning to shut down in the next three months.
- 87 companies are set to close operations, potentially impacting numerous jobs.
- The Registrar of Companies is overseeing the dissolution process under the Companies Act.
- Common reasons for closure include failure to file annual returns and maintain a registered office.
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