Keeping Your Business in Mind

UFAA Holds Ksh 63B in Unclaimed Assets

The Unclaimed Financial Assets Authority (UFAA) is urging the public to reclaim potentially forgotten financial assets by seeking assistance from the authority or government institutions.

Caroline Chirchir, Administrator of the Unclaimed Financial Assets Authority, speaking in Kipsitet, Kericho County, revealed that the authority currently oversees Ksh 63 billion worth of unclaimed assets and encourages rightful owners to pursue their claims.

Chirchir mentioned that they have managed to unify Ksh 2 billion and are actively seeking out the rightful owners of these assets, including those who may have passed away or abandoned them unknowingly.

The primary function of the Unclaimed Financial Assets Authority is to manage financial assets left unclaimed by their owners, safeguarding them until the owners come forward to claim them.

Chirchir made these remarks during a Corporate Social Responsibility (CSR) event at Kipsitet, where the authority engaged with the Algaa Women Group.

The group received Ksh 2.5 million from UFAA to support commercial cultivation of tomatoes and capsicum. Hannington Kirui, Project Manager at Algaa Community Organic Farming, noted that five children of widows within the organization have received sponsorship from UFAA.

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