Kenyans recover Sh4bn from unclaimed assets agency

Unclaimed Financial Assets Authority chief executive officer John Mwangi. FILE PHOTO | NMG

Kenyans traced and recovered Sh4.5 billion in cash from the Unclaimed Financial Assets Authority (UFAA) in the year ended June 2023 on increased campaign by the State entity that is holding more than Sh50 billion in assets.

The UFAA says in its latest update the amount was reunified with the rightful owners, marking a 49 percent growth from Sh3.02 billion remitted in the previous financial year.

PAYE Tax Calculator

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