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Kenya’s unclaimed financial assets swell to $580m

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Nairobi, Kenya. © Unspalsh

Acutel

Acutel, an investor and journalist, specializes in U.S. equities, emerging markets, and African finance.
  • Unclaimed financial assets soar by 21.7% to Sh75.5 billion in November
  • UFAA invests surplus in government securities as reunification challenges persist

Nairobi, Kenya – The value of unclaimed financial assets managed by Kenya’s Unclaimed Financial Assets Authority (UFAA) has reached Sh75.5 billion ($580 million) in November, reflecting a sharp 21.7% increase from Sh62 billion ($480 million) in June.

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