New businesses registered — all countries

New businesses registered — Kenya

New businesses registered in Kenya in 2024 — 58,919 companies. Ranked 26 in the world out of 134. Since 2017, the indicator has risen by 56.1%.

2024 58,919 companies +3.34% vs 2023
World rank 26of 134
Period maximum 58,919 companies2024
Period minimum 37,733 companies2017

Trend over time

2017–2024 · companies

New businesses registered — Kenya, 2017–202430,00040,00050,00060,000201720182019202020212022202320242017: 37,733 companies2018: 44,381 companies2019: 42,085 companies2020: 49,037 companies2021: 48,386 companies2022: 52,154 companies2023: 57,016 companies2024: 58,919 companies
Change over the period: +21,186 (+56.15%) Average annual rate: 6.57 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Kenya

Kenya 58,919 companies
Sub-Saharan Africa computed 905,245 companies
Eastern Africa computed 224,523 companies
New businesses registered — Kenya, by year Kenya All countries CSV XLSX
Year companies Change Change, %
2024 58,919 +1,903 +3.34%
2023 57,016 +4,862 +9.32%
2022 52,154 +3,768 +7.79%
2021 48,386 −651 −1.33%
2020 49,037 +6,952 +16.52%
2019 42,085 −2,296 −5.17%
2018 44,381 +6,648 +17.62%
2017 37,733

About the indicator

The number of newly registered limited liability companies over a year. Only they are counted: sole proprietorships, partnerships and cooperatives do not enter, so in countries where small business prefers simpler legal forms the indicator understates entrepreneurial activity.

Important: Limited liability companies only. Registration is not the start of activity: some registered companies never begin to operate.

Source: World Development Indicators (World Bank), license CC BY 4.0.