Business registrations soar as formal jobs stay scarce

Business registrations hit a five year high Informal work continues to dominate Kenya’s job market Cheaper business structures drive most new registrations Kenya’s entrepreneurs are registering new ventures at a pace not seen in half a decade, but the numbers tell a more complicated story about the country’s job market. The Business Registration Service (BRS)…

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Construction sector tops in cleaning dirty money, report reveals

More than half of the 10,733 private companies involved in money laundering in Kenya are in the construction sector. This is strengthened by the unexplained capital-intensive real estate sector. The National Risk Assessment On Money Laundering and Terrorism Financing of Legal Persons and Legal Arrangements – Kenya report published by the Business Registration Service (BRS)…

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