The number of businesses registered in the three months to September nearly doubled after the economic fallout from the Covid-19 pandemic saw many Kenyans switch to a survival mode.
Data from the companies’ registry shows that the number of business names registered between July and September jumped 95 percent to 29,941 compared to a similar period last year—coinciding with a tumultuous quarter characterised by pay cuts and mass layoff of workers by companies squeezed by the effects of the coronavirus pandemic.
