The number of applications for insolvency and restructuring of companies has reduced in the first half of the year, pointing to reduced financial hardship by firms in an improved economy.
Kenyas economy in the three months to March reversed seven straight back-to-back quarterly growth declines to post a 5.3 per cent gross domestic product growth after pulling out of a prolonged electioneering period and a tough season of high inflation.
Data by the Official Receivers Office showed that the court filed five petitions for liquidation of firms in Aprilnearly half the record eight filings registered in February alone.
The eight liquidation filings in February were the highest in a month since the Official Receivers Office start…
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