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August 30, 2025
14h ago

Hundreds Rendered Jobless After Govt Shuts Down 54 Companies

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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