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September 6, 2025
4h ago

Govt Reveals Plans to Shut Down 75 Companies

Govt Reveals Plans to Shut Down 75 Companies

The announcement comes week after 54 firms formally ceased operations after being shut down by the government...

✨ Key Highlights

President William Ruto's administration plans to dissolve an additional 75 companies, following the recent shutdown of 54 firms. This move was announced by Deputy Registrar of Companies, Hiram Gachugi, who initiated a 90-day window for objections.

  • A total of 75 companies are earmarked for dissolution within the next three months.
  • The affected companies span various sectors including consultancy services, building and construction, stationery, management services, and health services.
  • The Kenya Revenue Authority (KRA) successfully petitioned to restore Chen Lu Construction Company, citing millions in unsettled taxes.

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