Shares agency to freeze idle NSE accounts

CDSC chief executive Rose Mambo. PHOTO | SALATON NJAU | NMG

Nairobi Securities Exchange (NSE) share accounts that have been inactive for the last two years will be frozen by the end of Thursday in a bid to protect investors against fraud.

The custodian of the accounts, Central Depository and Settlement Corporation Ltd (CDSC), announced Wednesday the accounts would be declared dormant and therefore unable to transact unless re­activated.

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