Business Daily | by Otiato Guguyu
Less than 10 per cent of registered companies have revealed the names, phones and residences of their secret owners in line with the law, reflecting resistance to efforts to unmask illicit wealth.
The Attorney-General’s office says 57,000 of Kenya’s registered 590,000 companies have so far met legal demands for both private and public firms to provide personal information of investors who own more than 10 per cent stake in the firms through secret accounts.
This represents a compliance rate of 9.6 per cent, which prompted the State to…
