Trust Fund

The Unclaimed Assets Trust Fund was created under Section 44 of the Unclaimed Financial Assets Act, No. 40 of 2011. It is vested in, and operated and managed by the Authority.
The Fund receive remittances from holders all moneys that become or are deemed to be unclaimed assets and other payments required by the Act or by any other written law to be paid into the Fund.
Payments are also made out of the Fund to rightful owners of unclaimed assets once identified.
The Authority has received remittances amounting to KShs. 10.7 billion from holders into the Trust Fund Account including FOREX in various denominations. Reports have been made for 446,985,278 shares.
The Authority has so far received claims amounting to KShs. 245 million from 4640 claimants.
Unclaimed Financial Assets Regulations, 2016, recently gazetted, formalizes processes relating to management of unclaimed financial assets.

 

Status of the trust fund as at 31st March 2018

 
Asset type   Amount KShs.
CASH Cash remitted 10,411,335,668
Other FOREX reported 79,488,728.92*
USD Volume (2,954,142.24)  
Estimated value (Kshs.) 298,212,387.5 *
Total 10,789,036,784*
 
SHARES Volume (446,985,278)  
Estimated value (Kshs.) 25,762,841,810**
     
UNIT TRUST FUND Volume (9,079,391.03)  
Estimated value (Kshs.) 15,308,632.16
     
SAFE DEPOSITS Volume 1,047 units
     
Total estimated Fund value 36,567,187,226**

NB: * denotes estimated value at prevailing market rate.

       ** denotes estimated Fund Value for assets remitted and reported.

 

 

Contact Us

Unclaimed Financial Assets Authority,
Pacis Centre, 2nd Floor, Slip Road, Off Waiyaki Way, Westlands, Nairobi.
P.O Box 28235-00200, Nairobi, Kenya.
Phone: 020 4023000, 0706866984, 0736559152
Email: info@ufaa.go.ke

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