Kenya’s National Treasury has invited public comments on the Draft National Policy on Unclaimed Financial Assets, 2026. The aim is to improve the collection, management and reunification of unclaimed assets with rightful owners. The public discussions will also seek to unlock dormant wealth, improve household liquidity and promote economic inclusion.
Public participation forums are scheduled for November 23rd–December 4th, 2026, across 11 venues. The Deadline for written submissions is December 4th, 2026.
The draft policy paper comes amidst significant challenges faced by several reporting authorities, in transferring the unclaimed assets to the Unclaimed Financial Assets Authority(UFAA).
The most recent incident followed complains and counter accusations between UFAA and the Central Depository and Settlement Corporation(CDSC) concerning the transfer of unclaimed securities from the depository to UFAA. While Kenya still lacks a clear legal framework that deals with unclaimed financial assets, the value of these assets continues to rise sharply, exposing weaknesses in the systems used to identify owners, safeguard assets and reunite them with beneficiaries.
The proposed reforms put technology and data at the centre of the new framework. The Government plans to introduce standardised reporting formats for institutions holding unclaimed assets and establish integrated data management systems to facilitate sharing, validation and reconciliation of information.
