Unclaimed assets up to Sh62bn on small claims

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

The value of unclaimed assets including cash and shares hit Sh62 billion at the end of December, blamed on many low-value assets that do not motivate owners to claim.

The Unclaimed Financial Assets Authority (Ufaa) data shows the latest figure is an 11.5 percent jump from the Sh55.6 billion that the entity held at the end of 2022.

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