Kenyans fail to claim Sh67bn shares of NSE-listed firms

Screen showing market trends at Nairobi Securities Exchange. 

Photo credit: File | Nation Media Group

Kenyans have failed to claim Sh67.16 billion worth of shares of 47 companies that are listed on the Nairobi Securities Exchange (NSE), highlighting the difficulties that the State faces in reuniting the assets with their rightful owners.

Data from the Unclaimed Financial Assets Authority (UFAA) shows that Safaricom tops the list in both number and value of shares, with 705.46 million units worth Sh20.28 billion unclaimed at the end of September this year.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.