K
Originally published by Kenyanstop
May 17, 2026
5d ago
Jobs at Stake as Govt Targets Closure of Over 60 Companies in 3 months
The country is facing a youth bulge, with the highest unemployment rate at 67 percent, according to the Kenya National Bureau of Statistics (KNBS)...
✨ Key Highlights
The Registrar of Companies has initiated the process to strike off at least 69 companies from the register within three months, effectively dissolving them if no action is taken. This directive, issued on May 15, signals a significant regulatory move impacting various sectors of the Kenyan economy.
- At least 69 companies are on notice for potential closure.
- The Registrar of Companies is the key organization involved.
- Included in the list is a 90-year-old car company with an estimated annual revenue of Ksh200 billion and over 3,200 employees.
Continue Reading
Read the complete article from Kenyans
Advertisement
Advertisement