Sh400bn charge blocking transfer of unclaimed shares

Author: Kepha MuiruriPublished on: October 29, 2026Country: Kenya

Business & Economy

Sh400bn charge blocking transfer of unclaimed shares

The Unclaimed Financial Assets Authority (UFAA) says it must pay Sh200 per share to transfer two billion idle shares from the Central Depository and Settlement Corporation (CSDC) into an account under its custody. The total bill would amount to Sh400 billion, a cost frustrating the agency’s efforts to reunite the shares with their owners.

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