Unclaimed assets hit Sh31.3bn as firms surrender securities

Cash and securities whose owners cannot be traced have risen to Sh31.35 billion from September’s Sh27 billion.

The Unclaimed Financial Assets Authority (Ufaa) said the rise follows surrender of 75.71 million shares worth Sh3.65 billion held by custodial agents at the Nairobi Securities Exchange (NSE), bringing the total shares held to 317 million worth Sh20.96 billion as at November 8.