Kenya faces significant job losses as 140 companies are closing down. An initial 60 companies have been dissolved, with another 80 slated for closure, impacting various sectors across the country.

• Hiram Gachugi, the Deputy Registrar of Companies, announced the closures via a gazette notice under Section 897(4) of the Companies Act.
• The dissolved companies can no longer conduct business or enter legal contracts, and their assets become bona vacantia, reverting to the state.
• The affected companies span diverse industries including technology, healthcare, shipping, real estate, education, and energy, with reasons for closure potentially including failure to file annual returns or inactivity.