Hundreds Rendered Jobless After Govt Shuts Down 54 Companies

The government also announced intentions to close 67 more in the next 3 months...
✨ Key Highlights
The Kenyan government has initiated a fresh wave of unemployment by dissolving 54 companies with immediate effect, as announced by the Deputy Registrar of Companies Hiram Gachugi in a gazette notice dated Friday, August 29.
- A majority of the immediately dissolved companies operate in sectors such as survey, fast food and hospitality, medical services, and building and construction.
- The Registrar of Companies may dissolve firms for reasons including dormancy, consistent failure to file annual returns, or voluntary application by the owner.
- Additionally, Hiram Gachugi announced the government's intention to close an additional 67 firms within the next three months, giving them a 90-day window to show cause against deregistration.
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