Government to shut down over 60 companies after new directive

Registrar of Companies, Joyce Koech, announced the closure in a Gazette Notice dated January 31, 2023. 

The companies shut down included Advanced Industrial Automation Limited, Anime Creations Limited, Badr Residences Limited, Black Diamond Logistics Limited C.95178 Blackgold Enterprises Limited, Caresha Healthcare Solutions Limited and Chitrali Spares and Safety Limited.

“Pursuant to Section 897 (4) of the Companies Act, it is notified for the general information of the public that the following companies are dissolved,” Koech noted. Koech also explained that the 67 companies’ legal attributions will no longer be listed in government records like the rest of the businesses.  

“Their names have been struck off the Register of Companies, with effect from the date of publication of this notice,” Registrar of Companies Koech noted. 

The companies shut down included Advanced Industrial Automation Limited, Anime Creations Limited, Badr Residences Limited, Black Diamond Logistics Limited C.95178 Blackgold Enterprises Limited, Caresha Healthcare Solutions Limited and Chitrali Spares and Safety Limited.

Others were Valentine and Company Limited, Dagascrap Limited, Davgat Limited, Environmental Energy Enterprises Limited and House of Decker Limit, among others. 

The dissolution of the companies automatically led to ripple effects in the economy as many employees lost their jobs. 

With the unemployment rate rising in Kenya, graduates have turned to online jobs from international companies and foreigners. 

Others are often seen with placards begging for jobs on the streets. On February 2, Kirui Cheruiyot, 32, received over 50 job offers after his plight was highlighted by Kenyans.co.ke. 

Kirui, a graduate of Jomo Kenyatta University of Agriculture and Technology (JKUAT), roamed around Nairobi seeking employment. 

In response to the plight of unemployment, the Kenya Kwanza government promised to establish a National Start-up Fund to facilitate self-employment among youth. 

President William Ruto also pledged a one hundred thousand-kilometre digital super highway that will spur economic growth in the country.