Thousands of Jobs at Risk as Govt Moves to Strike off Over 700 Companies
Registrar of Companies has, since the beginning of this year, shut down thousands of companies, raising concerns about unemployment, especially among the youth...
✨ Key Highlights
The Deputy Registrar of Companies is initiating the deregistration of over 700 companies, a move that could significantly impact thousands of workers and business owners across Kenya.
- More than 700 companies are slated for deregistration, with 424 already marked and another 277 facing dissolution within three months.
- The Deputy Registrar of Companies is the key entity overseeing this process.
- Affected sectors are diverse, including construction, real estate, agriculture, and tourism, with many listed companies appearing to be dormant or shell entities.
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Deputy Registrar initiates deregistration of over 700 companies - June 2026
The Deputy Registrar of Companies is initiating the deregistration of over 700 companies, a move that could significantly impact thousands of workers and business owners across Kenya. Separately, Nandi Senator Samson Cherargei is championing a proposal to increase monthly pay for community health promoters from Ksh 5,000 to a constitutional minimum wage of Ksh 18,000. In another development, President William Ruto has granted a 90-day extension to the Panel of Experts tasked with compensating victims of human rights violations, including those affected by public protests, with the extension effective until September 5, 2026.
