Safaricom PLC is a publicly traded company on the Nairobi Securities Exchange (NSE) in Kenya, which means its shares can be purchased by individuals who want to invest in the company.
If you are interested in buying Safaricom shares, here are the steps you can follow:
Open a CDS Account
Before you can buy shares in Kenya, you need to open a Central Depository System (CDS) account with a stockbroker. You will need to provide your identification documents, bank statements, and other required documents to open the account.
Find a Stockbroker
Once you have opened a CDS account, you need to find a licensed stockbroker who will facilitate the buying and selling shares on your behalf. You can research and compare different brokers to find one that suits your needs.
AIB-AXYS Africa Limited is one of the best stockbrokers in Kenya. Besides having offices in Kenya, they have one of the best online trading platform in Nairobi Securities Exchange.
If you’re ready to start trading and buying Safaricom shares, start with AIB-AXYS Africa.
Place an Order
After you have selected a stockbroker, you can place an order to buy Safaricom shares. You must specify the number of shares you want to buy and the price you will pay. The stockbroker will then execute the order on your behalf.
Pay for the Safaricom Shares
Once the order has been executed, you will need to pay for the shares. You can do this through a bank transfer or a mobile money platform like M-Pesa or Airtel Money.
Receive Confirmation Message
After you have paid for the shares, you will receive a confirmation from your stockbroker indicating that you now own Safaricom shares.
In Conclusion: How to Buy Safaricom Shares
It’s important to note that buying shares comes with risks, and it’s important to research and consult with a financial advisor before making any investment decisions.
Check Also: 10 Easy Ways to Make Money Online in Kenya