President William Ruto's administration has announced plans to dissolve 75 more companies, hardly a week after 54 firms formally ceased operations after being shut down by the government.
The Deputy Registrar of Companies, Hiram Gachugi, on Friday, September 5, revealed plans to remove 75 firms from the registry within the next three months.
The companies earmarked for dissolution mainly engage in consultancy services, building and construction, stationery, management services and health services
Others include firms that participate in the manufacture of hard drinks, engage in trading activities, security services, travel logistics, hospitality services and agricultural services.
In a notice published in the Kenya Gazette, Gachugi announced a 90-day window for reservations on why any of the 75 companies should not be struck from the registry.
"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," Gachugi declared.
"The Registrar of Companies invites any person to show cause why the companies should not be struck off from the Register of Companies," the notice added.
In a separate notice, the registrar of companies restored the operations of Chen Lu Construction Company after four years of closure.
The company was struck from the registry in July 2021 after the company ceased operations in the country; however, the Kenya Revenue Authority filed a petition to have the firm's activities restored.
KRA demanded the restoration of the firm in the registry as it alleged that the firm owed it millions in unsettled taxes.
Meanwhile, the latest development comes a week after Gachugi announced the deregistration of 54 companies, rendering hundreds of Kenyans jobless.
In a notice dated Friday, August 29, the Deputy Registrar of Companies said the dissolution of the firms, which mostly engage in medical services, consultancy, building and construction, agricultural services and vehicle assembly, was in line with the Companies Act.
