CDSC Achieves Major Milestone with Immobilization of 16 Billion Safaricom Shares

CDSC successfully immobilized 16 billion Safaricom shares from Vodafone, advancing Kenya's capital markets toward full electronic securities digitization...

✨ Key Highlights

The Central Depository and Settlement Corporation (CDSC) has successfully immobilized 16 billion shares of Safaricom PLC, enhancing Kenya's shift toward digital securities.

40 billion total Safaricom shares now held electronically, increasing total immobilized shares by 66%.
CDSC CEO Jesse Kagoma highlighted the significance of institutional trust and modernization in capital markets.
This transition eliminates risks associated with physical certificates, improving liquidity and market efficiency.