Sharp Daily
No Result
View All Result
Friday, August 29, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Opinion

How dormant assets could be a hidden economic engine

Ivy Mutali by Ivy Mutali
June 25, 2025
in Opinion
Reading Time: 2 mins read

Every year, billions of shillings lie idle in Kenya unclaimed pensions, forgotten bank accounts, unpaid dividends and underutilized land. These dormant assets, often overlooked, represent a vast reservoir of untapped economic potential in a country that continues to grapple with capital shortages.

According to the Unclaimed Financial Assets Authority (UFAA), more than KES 86.0 billion remains unclaimed. This includes money from dormant bank accounts, matured insurance policies, shares and pensions. While some of these funds are eventually reclaimed, the majority sits stagnant, slowly losing value to inflation. These are resources that could, if carefully activated, make a meaningful contribution to national development.

What if, rather than letting this wealth sit idle, a portion could be redirected temporarily and securely to low-risk government instruments or development funds? Properly structured, such mechanisms could inject much-needed liquidity into areas like public infrastructure, affordable housing or SME financing, all while safeguarding the rights of rightful claimants.

Beyond financial accounts, idle land remains another neglected opportunity. Across Kenya, especially in peri-urban and rural regions, thousands of acres sit unused often due to succession issues, lack of proper titling or family disputes. With clear legal frameworks, land banking strategies and incentives for leasing or joint ventures, this land could host agribusiness projects, logistics hubs or light industries, sparking localized growth and job creation.

RELATEDPOSTS

No Content Available

To harness dormant assets effectively, digitization and transparency are crucial. Simplifying claim processes, creating public asset databases and running awareness campaigns can help reunite people with their assets while maintaining public trust in any temporary use programs.

Countries like the UK, Nigeria and Ghana are already implementing dormant asset schemes to fund social and economic development showing that Kenya is not alone in exploring this innovative financing tool.

Tapping into dormant assets isn’t about expropriating private wealth, it’s about re-engaging forgotten resources in ways that serve the broader economy. With the right safeguards and governance, these idle billions could become a silent engine for national prosperity turning what was once lost into a powerful tool for progress.

Previous Post

Rethinking lifestyle inflation: The quiet investment killer

Next Post

How dairy bonuses are becoming a lifeline for Kenyan farmers

Ivy Mutali

Ivy Mutali

Related Posts

Analysis

Kenya’s strategic debt pivot: Smoothing, Strengthening, Sustaining

August 27, 2025
Opinion

Finding Balance: My Journey with Internet Self-Care

August 22, 2025
Economy

Strategies for Nairobi to emerge as Africa’s financial hub

August 22, 2025
Opinion

Overcoming barriers to AI adoption in Kenyan accounting firms

August 15, 2025
Economy

Steps banks can take to align with fair lending practices

August 7, 2025
Crime

Why Syokimau, a satellite town is attracting real estate investors

July 31, 2025

LATEST STORIES

The Importance of Including Pension Plans in Corporate Benefits Packages

August 29, 2025

The informal labor market and classical unemployment in the Kenyan context

August 28, 2025

Kenya’s Eurobond yields ease after S&P rating upgrade

August 28, 2025

Kenya’s strategic debt pivot: Smoothing, Strengthening, Sustaining

August 27, 2025

Bank on your paycheck: Invest smart with CMMF

August 26, 2025

Finding Balance: My Journey with Internet Self-Care

August 22, 2025

Why Young Kenyans Cannot Afford to Ignore Private Pensions

August 22, 2025

Strategies for Nairobi to emerge as Africa’s financial hub

August 22, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024