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Originally published by Techish Kenyatech
June 11, 2025
3mo ago
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.
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Financial Innovations in Kenya
Absa Bank Kenya introduces a Business Credit Card with Visa. CDSC immobilizes 16 billion Safaricom shares.
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