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.”

Muhammad Diggol, the Kano State Commissioner for Transportation, has resigned after being moved to the Ministry of Project Monitoring and Evaluation, Dockaysworld reports.

Engr. Muhammad Diggol was initially appointed as Commissioner for Transportation at the inception of Governor Yusuf’s administration in 2023.

He was later reassigned to the Ministry of Project Monitoring and Evaluation, where he served until his resignation on Sunday.

Although he did not give any official reason for leaving, close sources claim the decision was linked to politics.

Diggol, who was part of Governor Abba Kabir Yusuf’s cabinet since 2023, reportedly felt sidelined after being reassigned from the Transportation Ministry, which is seen as more important.

Some insiders believe he left to avoid further conflicts and protect his reputation, as there were signs he might have been removed from office.

A source said:

“I can also confirm to you that another major reason he left is to allow peace reign; and also protect his integrity and dignity as chances were ripe that he could have been sacked.”

Governor Yusuf has accepted his resignation and praised Diggol for his contributions and hard work during his time in the government.

The Igbo Province Executive council passes vote of no confidence on the coming Ohaneze election; advices Rivers contestant to reconsider their candidacy.

The council maintains that featuring a candidate from the south East in an election whose slot is for Rivers state damages the founding principle of Ohaneze aimed at equity and curbing over politicking hence the rotational presidency.

The council noted that while by Nigerian constitution, it may be considerate for citizenship to be affiliated to the mother’s state, however in Igboland, citizenship is patrilineal (attached to the father) and Ohaneze is going the part that will put many unique aspect of Igbo culture to a test.

The Okpara concept is strong in Igboland. It is only in few Igbo communities that a man is allowed to take up the citizenship of the mother’s community and that is usually when the bride price of the mother is not paid and even at that the said son can’t aspire for certain position in the mother’s community. Again, a candidate with strong ties with the south East will definitely have an upper hand in an election where southeast is responsible for over 80% of the voters.

The council also recognizes the right of full rivers contestants to go ahead with the election if they so desires but noted that they stand no chance against a veteran like former ISP of Nigerian police from Imo state irrespective of how one chose to look at it.

The council cautioned Ohaneze’s Ime Obi to go back to the drawing board and consult elders of AlaIgbo before taking a step that may undermine the very fabric of our culture and threaten the integrity of the institution (Oheneze) due to politics.

The institution also advised against inflammatory statements as the fragile peace in AlaIgbo needs to be preserved. For those who prefer to continue with the contest, best wishes, those who feel aggrieved may use appropriate channels to seek redress.

Unify IGBOS Now