Massive job losses are on the horizon after 24 companies issued notices of dissolution, signalling their subsequent closure. "Under Section 897(4) of the Companies Act, it is notified for the information of the general public that the following companies are dissolved and their names have been struck off the Register of Companies with effect from the date of publication of this notice," the notice read.
Further, 63 companies issued notices of intended dissolution, with the firms set to close shop over the next three months. "Under Section 897(3) of the Companies Act, the Registrar of Companies gives notice that the names of the companies specified hereunder shall be struck off from the Register of Companies at the expiry of three months from the date of publication of this notice, and invites any person to show cause why the companies should not be struck off from the Register of Companies," the notice stated.
Kenyan youth queuing on Wabera Street in Nairobi, waiting for services on May 26, 2018.
Photo Kenyan magazine In light of the new notices, the latest could trigger job losses across the various areas in which the companies are specialised.
