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What new Companies Act means for entrepreneurs

It is an exciting time for the business community in Kenya. On September 11, 2015, the President assented to the Companies Act, 2015, which repeals the 1948 Companies Act (Cap 486).

President Uhuru Kenyatta when he recently signed Business Bills at State House, Nairobi. [PHOTO: PSCU]

However, the New Companies Act will only become operational on a date to be set by the Cabinet Secretary by notice in the Kenya Gazette. This development is significant as Kenya seeks to establish itself as the regional commercial hub of East Africa and the region.

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