Since the beginning of 2025, Kenya has faced significant economic challenges, leading to the closure of numerous companies, while others have ceased operations or entered receivership.
Rising operational costs, financial instability, and post-pandemic pressures have reshaped the corporate landscape.
Angaza Kenya Ltd Voluntary Liquidation
Angaza Kenya Ltd has commenced a members’ voluntary liquidation process, according to a public notice dated December 10, 2025.
The move follows a resolution passed during an Extraordinary General Meeting (EGM) on November 24, 2025.
“Notice is hereby given that the following Special Resolution was passed at an Extraordinary General Meeting of the members of ANGAZA KENYA LTD, held on the 24th of November 2025,” the notice stated.
The resolution approved the winding up of the company and the appointment of Mr Mohamed A. Mohamed of Maawy Financial Advisory Services as liquidator.
“That the company be wound up as a Members Voluntary Liquidation and that Mr Mohamed A. Mohamed … be and is hereby appointed as liquidator for the purposes of Winding Up,” the notice confirmed.
Creditors’ Claims
- Claims must be submitted by January 10, 2026.
- Failure to comply could result in exclusion from distributions.
- The liquidator acts solely as an agent of the company, without personal liability.
Company Background
Angaza Kenya Ltd, based in Nairobi, is a social enterprise that focuses on bridging energy access gaps in off-grid communities through the development and distribution of affordable, solar-powered products.
Roofings Kenya Limited Shutdown of Operations
Roofings Kenya Limited has announced a complete shutdown of its operations in Kenya, citing severe financial difficulties and high operational costs.
In a notice dated December 1, 2025, the company declared its entire workforce redundant.
“We regret to inform you that due to serious financial difficulties and the high cost of operations, we have made the difficult decision to shut down all our operations. As a result, the Company will no longer be able to sustain or maintain any positions, hence your employment will be declared redundant,” read the notice.
Termination takes effect on January 2, 2026, in compliance with Section 40 of the Employment Act, 2007.
Employee Compensation
- Severance pay equivalent to 15 days’ salary per completed year of service.
- Payment for accrued leave days.
- Certificate of Service and other entitlements under the law.
Company Background
Founded in 1994 by Dr Sikander Lalani, Roofings Kenya Limited is a subsidiary of the Roofings Group, specialising in steel and plastic construction materials across East and Central Africa.
Cedarwood Hotels and Resorts Investments Company Limited (White Rhino Hotel) Under Receivership
The Kenya Commercial Bank (KCB) has taken over the operations of Cedarwood Hotels and Resorts Investments Company Limited, trading as White Rhino Hotel, which is now under receivership.
On December 5, 2025, KCB appointed Kamal Anantroy Bhatt of Anant Bhatt LLP as Receiver and Manager.
“Notice is hereby given that Kamal Anantroy Bhatt, of Anant Bhatt LLP, was appointed as Receiver & Manager (‘The Receiver’) of CEDARWOOD HOTELS AND RESORTS INVESTMENTS COMPANY LIMITED (IN RECEIVERSHIP) (T/A White Rhino Hotel) (‘the Company’) on 5th December 2025 by KCB Bank (Kenya) Limited (‘the Bank’),” read the notice.
Receiver’s Powers
- All company assets and undertakings are under the Receiver’s control.
- Directors’ powers to manage or dispose of assets have been suspended.
- Any dealings with assets require prior written consent from the Receiver.
- Claims and inquiries must be addressed directly to the Receiver at Anant Bhatt LLP, Mombasa.
Genesis of Financial Struggles
- Cedarwood defaulted on a loan exceeding Kshs 670 million, including interest.
- The company cited the impact of the COVID-19 pandemic, which forced prolonged closures in 2020.
- KCB initiated recovery through the statutory power of sale over the White Rhino Hotel property.
- Multiple court attempts by Cedarwood to block the auction were dismissed, with the High Court ruling that undervaluation claims did not prevent a lender from exercising its power of sale.
Major Closures in 2025
CMC Motors
Ceased operations in Kenya, Tanzania, and Uganda on January 17, 2025, citing unsustainable costs.
Bank Al-Habib
Exited Kenya on May 15, 2025, after CBK cancelled its operating authority.
Caltex House Service Station Limited
Set for dissolution under Gazette Notice No. 7420 issued on June 5, 2025.
D.T. Dobie
Placed under liquidation in 2025, with creditors directed to submit claims by September 15, 2025. Operations continue under CFAO Motors Kenya following a 2023 merger.
The developments at Angaza Kenya Ltd, Roofings Kenya Limited, and Cedarwood Hotels, alongside the exits of CMC Motors, Bank Al-Habib, Caltex House Service Station Limited, and D.T. Dobie, highlight the intensifying financial pressures on Kenyan businesses in 2025.
Receiverships, liquidations, and shutdowns underscore the challenges of sustaining operations amid rising costs, debt burdens, and lingering post-pandemic effects.
