Moseax

Technology & Travel

How to safaricom Technology

How to Buy Safaricom Shares in Kenya

Bymoseax

Jan 29, 2022 , ,

Safaricom Investment Co-operative was established in 2009 under the Co-operatives Act Cap 490 to pursue joint investments for its members. It draws its members from the current and former staff of Safaricom and the public at large. The Co-operative allows individual and group membership.

For you to buy Safaricom shares, you need to open a CDS account with a stoke broker to buy shares from the stock market. For this case, the best option will be Safaricom Investment Co-operative.

How To Become A Member of Safaricom Investment Co-operative

1. Individual Membership

  • One is required to purchase a minimum of 500 shares at 52.5 Ksh.
  • Pay a non-refundable admission fee of Kshs 10,000.
  • Minimum monthly contribution is Ksh 3,000.
  • Total to pay is Kshs 36,500.
  • Fill in a registration form and attach a passport photo, copy of ID, copy of KRA PIN and proof of payment.

2. Group Membership

  • A chama, a self help group, an investment company and a sacco can join.
  • Minimum monthly contribution for a group is Kshs 15,000, registration is Kshs 25,000 and minimum number of shares is 1500 shares.

How to Buy Safaricom Shares in Kenya

There are different ways in which you can purchase your Safaricom shares;

  1. Through your stock broker
  2. Online

And you can pay either via

  • Cash (or money in your account)
  • MPesa
  • Bonga points

Please note that in all cases, you need a CDS account to be able to buy Safaricom shares in Kenya (in fact, you cannot buy/sell NSE-listed shares in Kenya without a CDS account). Follow this link to see How to open a CDS account.

How to buy Safaricom shares through your stock broker (or bank, if it is a registered stock broker)

Step 1: Deposit the amount of money you want to invest in your CDS account. Your broker will give you details about the MPESA paybill number to use.

Side note:  The minimum number of Safaricom shares you can buy is 100 (and you order in multiples of 100 shares)

Step 2: Place your order with your broker/bank by filling in an order form.

That’s all- your broker will proceed to execute your order and the Safaricom shares you have just purchased will reflect in your newly opened CDS account within 2 days (maximum).

How to Buy Safaricom Shares Online

Trading Safaricom shares through the internet is as well not complicated and is way convenient than having to make back and forth trips to and from your stock broker.

And the good thing is that you can pay online through an online funds transfer from your bank account or MPESA.

Procedure:

  1. Log into your Online shares trading up
  2. Fund the account by adding cash via MPESA (or the method you usually use)
  3. Click buy Shares
  4. Scroll to select Safaricom shares
  5. Enter the quantity needed and set the price limit, if necessary.
  6. Confirm the order.

All you have to do now is wait a day/two for the order to be executed by the broker that owns the app/online shares trading platform.

Buying Safaricom Shares using bonga points (You get Ksh1 for every 5 bonga points).

If you wish to redeem your Bonga points and invest them in Safaricom shares, below is a list of trading participants you can use:

  1. NCBA Capital
  2. Faida Investment Bank
  3. AIB-AXYS
  4. ABC Capital
  5. Old Mutual Securities
  6. Kingdom Securities.
  7. Suntra Investment Bank
  8. Francis Drummond &Company
  9. Dyer& Blair Investment Bank
  10. Sterling Capital.

How to Buy Safaricom Shares Using Bonga Points

So, how do I buy Safaricom shares using bonga points?

Well, the steps are similar- you need to place the order via the app or the form and wait.

But you’ll need to redeem the bonga points first (and have them converted into Kshs)

Just follow the process below to redeem the bonga points:

  • Dial *126#
  • Select ‘Lipa na Bonga’ menu
  • Select ‘Paybill’ option
  • Click ‘Enter Business Number’
  • Key in the Paybill number provided by your stock dealer then ‘OK’
  • For the ‘Account Number’ option, fill in your CDSC account number then ‘OK’
  • Proceed to enter the amount you wish to pay in Kshs then send.

READ: How to Buy Shares in Kenya

By moseax

Related Post

How to News Smartphone Twitter

Finally Twitter Begins Roll Out Of An Edit Button

Sep 1, 2022 moseax
How to News Politics Technology

How to Register as a Voter in Kenya

Feb 10, 2022 moseax
How to MPESA safaricom Technology

How to Get Your Mpesa Mini and Full Statements

Feb 7, 2022 moseax
1,702 thoughts on “How to Buy Safaricom Shares in Kenya”

  101. Hello, you used to write magnificent, but the last several posts have been kinda boring?K I miss your great writings. Past several posts are just a little bit out of track! come on!

    Reply

  241. Wonderful beat ! I wish to apprentice while you amend your website, how can i subscribe for a blog website? The account aided me a acceptable deal. I had been tiny bit acquainted of this your broadcast provided bright clear concept

    Reply

  242. It is the best time to make some plans for the future and it is time to be happy. I’ve read this post and if I could I wish to suggest you few interesting things or tips. Perhaps you could write next articles referring to this article. I desire to read even more things about it!

    Reply

  243. Cercavi delle immagini porno da scaricare gratis? Zoccole, puttane lesbiche, gay culattoni, ricchioni, negri di merda cacciano fuori il cazzo e le fesse dentro le nostre foto porno. Incontri erotici. Sito per fare le corna a tua moglie quando meno se lo aspetta. Infila il tuo cazzo in un buco con questi video porno. Interracial

    Reply

  245. Cercavi delle immagini porno da scaricare gratis? Zoccole, puttane lesbiche, gay culattoni, ricchioni, negri di merda cacciano fuori il cazzo e le fesse dentro le nostre foto porno. Incontri erotici. Sito per fare le corna a tua moglie quando meno se lo aspetta. Infila il tuo cazzo in un buco con questi video porno. Squirt

    Reply

  252. Cercavi delle immagini porno da scaricare gratis? Zoccole, puttane lesbiche, gay culattoni, ricchioni, negri di merda cacciano fuori il cazzo e le fesse dentro le nostre foto porno. Incontri erotici. Sito per fare le corna a tua moglie quando meno se lo aspetta. Infila il tuo cazzo in un buco con questi video porno. Voyeur

    Reply

  254. Cercavi delle immagini porno da scaricare gratis? Zoccole, puttane lesbiche, gay culattoni, ricchioni, negri di merda cacciano fuori il cazzo e le fesse dentro le nostre foto porno. Incontri erotici. Sito per fare le corna a tua moglie quando meno se lo aspetta. Infila il tuo cazzo in un buco con questi video porno. Wet Dream

    Reply

  258. Cercavi delle immagini porno da scaricare gratis? Zoccole, puttane lesbiche, gay culattoni, ricchioni, negri di merda cacciano fuori il cazzo e le fesse dentro le nostre foto porno. Incontri erotici. Sito per fare le corna a tua moglie quando meno se lo aspetta. Infila il tuo cazzo in un buco con questi video porno. Octopussy

    Reply

  259. Cercavi delle immagini porno da scaricare gratis? Zoccole, puttane lesbiche, gay culattoni, ricchioni, negri di merda cacciano fuori il cazzo e le fesse dentro le nostre foto porno. Incontri erotici. Sito per fare le corna a tua moglie quando meno se lo aspetta. Infila il tuo cazzo in un buco con questi video porno. Fessa

    Reply

  260. Cercavi delle immagini porno da scaricare gratis? Zoccole, puttane lesbiche, gay culattoni, ricchioni, negri di merda cacciano fuori il cazzo e le fesse dentro le nostre foto porno. Incontri erotici. Sito per fare le corna a tua moglie quando meno se lo aspetta. Infila il tuo cazzo in un buco con questi video porno. Nina Hartley

    Reply

  262. Cercavi delle immagini porno da scaricare gratis? Zoccole, puttane lesbiche, gay culattoni, ricchioni, negri di merda cacciano fuori il cazzo e le fesse dentro le nostre foto porno. Incontri erotici. Sito per fare le corna a tua moglie quando meno se lo aspetta. Infila il tuo cazzo in un buco con questi video porno. Goregasm

    Reply

  269. Thanks for the suggestions you are sharing on this web site. Another thing I would really like to say is always that getting hold of copies of your credit score in order to look at accuracy of any detail will be the first measures you have to execute in credit improvement. You are looking to clean up your credit history from dangerous details mistakes that spoil your credit score.

    Reply

  272. With havin so much content do you ever run into any problems of plagorism or copyright violation? My site has a lot of unique content I’ve either created myself or outsourced but it seems a lot of it is popping it up all over the internet without my agreement. Do you know any techniques to help stop content from being stolen? I’d truly appreciate it.

    Reply

  278. I am curious to find out what blog system you happen to be working with? I’m having some small security problems with my latest site and I would like to find something more risk-free. Do you have any suggestions?

    Reply

  281. A large percentage of of what you point out happens to be supprisingly legitimate and it makes me ponder why I hadn’t looked at this with this light before. Your article truly did switch the light on for me as far as this specific subject matter goes. But at this time there is actually one particular position I am not really too comfy with so whilst I make an effort to reconcile that with the central idea of your position, let me see just what all the rest of the visitors have to point out.Well done.

    Reply