60,000 share accounts switched off in clean-up as inactive ones hit 1.54 million

The Central Depository and Settlement Corporation (CDSC) deactivated 60,000 share accounts held by investors on the Nairobi Securities Exchange (NSE) last year.

The move, it said, is part of a clean-up exercise for stock brokerage firms that have ceased operations as the number of inactive share accounts grew by 28 percent to 1.54 million between 2022 and 2024.