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Lean times as number of Kenyan firms facing liquidation doubles

Nakumatt Holdings

The number of Kenyan firms facing liquidation more than doubled in seven years. Nakumatt Holdings is one of Kenyan companies that have undergone administration and failed to recover. PHOTO | FILE | NMG

By  James Anyanzwa

Business Reporter in Nairobi, Kenya

Nation Media Group

The number of Kenyan firms facing liquidation more than doubled in seven years, highlighting weaknesses in the legal regime on insolvency.

Latest data from Kenya’s State Receiver Office shows that 46 companies are currently facing a liquidator’s hammer, up from 18 in 2015.

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