Investors’ unclaimed cash earns Treasury Sh13 billion

National Treasury

The National Treasury has put on a brave face with hopes that the KPC IPO will overcome all the legal hurdles to come through.

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The Treasury earned Sh13.1 billion in five years from buying government paper using cash that investors have failed to claim in bank accounts, dividends and mobile money wallets such as M-Pesa.

The Unclaimed Financial Assets Authority (UFAA)—an agency under the Treasury—says it invested unclaimed cash worth Sh22.3 billion in buying Treasury bonds and bills between 2019 and 2024.

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