Kenya has seen a significant surge in new business registrations, reaching a five-year high. In the financial year ending June 30, 149,250 business entities were registered, marking an 8.2% increase from the previous year.

• 149,250 new business entities registered, the highest since June 2021.
• The Business Registration Service (BRS) is the key organization tracking these figures.
• This growth occurs amidst limited formal employment, with experts suggesting it pushes individuals to start their own businesses for income and to navigate tax pressures.