Kenya: Unemployment Looms as Govt Shuts Down 98 Companies

Several Kenyans risk losing their jobs after the Registrar of Companies, Joyce Koech, announced plans to dissolve 98 Kenyan companies.

Koech, in a gazette notice dated Friday, January 31, noted that the listed companies would be struck off the register in line with Section 897(3) of the Companies Act. Section 897(3) grants the Registrar of Companies the authority to strike a company’s name off the Register of Companies if the company has not been carrying on business or in operation for a…