Company registrations surge on Covid job cuts

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People waiting to be served at Huduma Centre. FILE PHOTO | NMG

New business registrations at the Attorney General’s office during the Covid-19 era surged by more than half as economic fallout from the pandemic pushed many Kenyans to seek State tenders and into entrepreneurship in the wake of layoffs and job cuts.

Data from the Registrar of Companies shows the business names registered between April and November rose 58.5 percent to 65,782 compared to 41,490 in a similar period last year — making it the fastest jump in decades.

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Note: The results are not exact but very close to the actual.