Kenya is staring at another wave of potential job losses after the Registrar of Companies published a fresh list of firms that have either been dissolved or are on the brink of closure.
In the latest Kenya Gazette, Deputy Registrar of Companies Hiram Gachugi confirmed that 126 firms have already been struck off the register, cutting across sectors such as logistics, real estate, manufacturing, and retail.
“Pursuant to section 897 (4) of the Companies Act, it is notified for general information that the under-mentioned companies are dissolved,” the notice stated.
Alongside the dissolved entities, the Registrar also flagged 308 more companies that risk being deregistered unless they can demonstrate that they are actively operating. No clear deadline was provided for this category, though the notice emphasized the need for proof of ongoing business activity.
Another 92 companies face dissolution within three months unless their owners provide valid reasons to halt the process. After the lapsing of this period, the listed firms will be removed from the register in accordance with the Companies Act.
The development pushes the number of companies at risk of deregistration to 392, signaling a difficult period ahead for both employers and workers as unemployment continues to strain the economy.
Just two weeks earlier, 140 other companies had also been marked for possible dissolution, with the public given three months to object.
According to the Business Registration Service, 2,260 firms applied to wind up operations in the 2024/2025 financial year, underscoring the persistent challenges businesses face in the current economic climate.
Under Kenyan law, companies may be deregistered for reasons such as failure to file annual returns, prolonged inactivity, or voluntary application by proprietors seeking to close shop.
Hii ni shida jameni
ReplyDelete