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Kenyans react as govt dissolves 202 companies, plans to shut down 115 in 2025

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Investment PS Abubakar Hassan and Trade CS Salim Mvurya speaking at a past event. Photo: Salim Mvurya. Source: Twitter
  • President William Ruto’s dissolved more than 200 companies operating in Kenya for the year ending December 2024
  • The Business Registration Service published the names of companies in a gazette notice number 95, dated December 11, 2024
  • According to Registrar of Companies Joyce Koech, over 100 companies, also listed in the same gazette notice, risk closure
  • The gazette notice sparked mixed reactions among Kenyans, with some criticising the government for the move

TUKO.co.ke journalist Wycliffe Musalia has over six years of experience in financial, business, technology, and climate reporting, which offers deep insights into Kenyan and global economic trends.

Kenyans have expressed different views after the government announced closure of companies in 2025.

Investment PS Abubakar Hassan and Trade CS Salim Mvurya speaking at a past event. Photo: Salim Mvurya. Source: Twitter

 

President William Ruto’s administration dissolved the 202 companies in a gazette notice number 95, dated December 11, 2024.

Why Ruto’s govt dissolve companies

Registrar of Companies Joyce Koech, the Business Registration Service, listed the companies that have been shut down, issuing a three-month notice for 115 companies to be dissolved.

Koech urged the company owners to act swiftly and show cause why their firms should not be dissolved in the three months.

However, the state corporation did not explain the reason behind the dissolution of these companies, causing a debate among Kenyans.

What Kenyans said about govt closure of companies

Some criticised the government for advocating foreign jobs instead of safeguarding local jobs through a sustainable business environment.

@Banks_Banksg said:

“MBELE IKO SAWA !! has become the anthem of Ruto’s regime, the Labour Ministry, now rebranded into a premier job brokerage agency.”

@C_Roiginson argued:

“Effects of haphazard finance policies under KK catalyzed by IMF Structural Adjustment Programs (SAPs).”

@HseTonny asked:

“When the environment is not conducive for doing business what do you expect? “

@kamau_waRally claimed:

“These are mainly dormant companies that have not filed their returns, and the registrar is striking them off the register – note the 90-day notice of intended striking off.”

@djdougze noted:

“Yet the executive arm of the government claims the economy is doing well and has stabilised.”

@elmarcadoazul said:

“Eeeiy, Sad situation man! Comrades let’s keep learning skills like Programming, Data Analysis, Digital marketing, Web Development, Copywriting, and Graphic Design.”

@SilkRoadKenya wondered:

“I am not shocked. Where the political class wants to do business themselves instead of creating good policies for everyone.”

@alinory_KWENA alleged:

“It’s instructive to note that some of these companies were forced to shut because of their serious involvement in businesses arguably considered to either be illegal, or threats to national security and or economy! Some companies just rebranded and “rebirthed” accordingly.”

@HseTonny said:

“KPIs are indicating that the economy is not doing well, but we are told otherwise. Given the example of the price of Unga, which has been factored by the good rains we have experienced, if we continue with this trajectory, our country will fall into economic recession.”

@githiori argued:

“The little disposal income companies had is being drained to KRA, and employers are suffering increased remittances ( SHA & housing levy). Sad that all this is sponsor swanky lifestyles for the political elites.”

EVENTS

PRESIDENT TINUBU CONGRATULATES SENATOR IFEANYI ARARUME ON HIS BIRTHDAY

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President Bola Tinubu felicitates Senator Ifeanyi Godwin Ararume, astute politician and accomplished businessman, on his birthday, December 16.

Senator Ararume’s odyssey in politics began in the late 1980s, when he served as the State Treasurer of the Liberal Convention in old Imo State. He later joined the National Finance Committee of the defunct National Republican Convention.

He represented Imo North in the 9th National Assembly. He was first elected in May 1999 and re-elected in April 2003. He also served on several committees and held other official roles.

President Tinubu commends the former senator for his years of service to the nation and contributions to its peace, unity, and progress.

The President describes Senator Ararume as a resolute and shrewd politician, highlighting his courageous and remarkable political journey through the years.

President Tinubu wishes Senator Ararume a happy 67th birthday and prays that God Almighty will grant him more years of good health and strength.

 

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Ndigbo are no longer spectators in the Nigerian project- Minister Dave Umahi dismisses calls for Biafra under Tinubu’s administration

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The Minister of Works, David Umahi, says the all-inclusive style of governance being practiced by President Bola Tinubu has made the agitation for Biafra an unnecessary clamour.

While speaking at the inspection of the Enugu-Anambra road last Saturday, December 13, Umahi said the Tinubu administration had given Ndigbo what they had sought for decades, not through secession, but through what he described as unprecedented inclusion in national governance and development.

He explained that the agitation for Biafra was historically driven by neglect, exclusion and underrepresentation at the federal level, but insisted that the situation had changed under the current administration.

“When a people are fully integrated, respected and empowered within the structure of the nation, the dream they once chased through agitation has already been achieved through cooperation.

The push for Biafran secession over the years was borne out of neglect, exclusion and underrepresentation but today the narrative has changed dramatically under President Bola Tinubu.

The President has deliberately opened the doors of national development to the South-East. Appointments, policy inputs and infrastructure priorities now reflect true federal balance.

Every sector now bears visible Igbo footprints. The emergence of Igbo sons and daughters in strategic positions is a testament to this inclusion.

Biafra was never about breaking Nigeria; it was about being counted in Nigeria. Through inclusion, equity and concrete development, Ndigbo are no longer spectators in the Nigerian project; they are co-authors of its future. When justice finds a people, agitation loses its voice.”he said

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ADC Launches 90-Day Membership Drive, Fixes Dates For Congresses, National Convention

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The African Democratic Congress (ADC) has announced a 90-day nationwide membership mobilisation, revalidation, and registration exercise as part of preparations for its internal party activities ahead of 2026.

The party also approved provisional dates for its congresses and the election of delegates at the polling unit, ward, and local government levels across the country.

In circulars issued by its national secretary, Rauf Aregbesola, the ADC said the congresses are expected to hold between January 20 and January 27, 2026.

The process, the party said, will lead to the emergence of delegates who will participate in its non-elective national convention scheduled for February 2026 in Abuja.

A statement by Bolaji Abdullahi, national publicity secretary of the party, said the decisions were reached at a meeting of the national working committee (NWC) held on November 27, 2025.

Abdullahi said the timetable and activities were approved in line with the resolutions of the NWC and in accordance with relevant provisions of the party’s constitution.

The ADC said further details on the membership exercise, congresses, and convention will be communicated to party members and stakeholders in due course.

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