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Government nets record Sh1bn from business registration rush

Kenneth Gathuma.

Business Processing Director-General Kenneth Gathuma.

Photo credit: Salaton Njau | Nation Media Group

Revenue generated from new business and company registrations hit a record Sh1.09 billion in the 2020/21 financial year, a new report has revealed.

This was mainly spurred by a scramble by Kenyans turning to entrepreneurship to cover for jobs lost during the Covid-19 pandemic.