How To Buy Safaricom Shares
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.

How To Buy Safaricom Shares And Make Money Now.

Please click at least one Ad in this post before you exit to stand a chance to work with US

Trading in shares can be a good way to make a return on your money but is less rewarding if you’re paying through the nose for someone to make that trade for you.  This guide runs you through the basics of what you need to know before investing and how to buy Safaricom shares and make money.

A share is simply a divided up unit of the value of a company. For example, if a company is worth Ksh100 million, and there are 50 million shares, then each share is worth Ksh 2. Those shares can increase or decrease in value for various reasons.

Just before we continue if you are new to this site, I got a welcoming gift for you because I love you so much! Just do the following three things in a minute to enjoy my digital giftings:

  1. Bookmark this page. This will help you in the future, you will save your time on the search hustle for a legit online jobs reference site in Kenya. (add to favorites)
  2. Join our affiliate program:- It’s FREE to join & you’ll make Ksh. 20 if a friend clicks on your link – Promise! Just do it now and come back to read this post. Click here…
  3. Do you prefer I send you alerts for new online opportunities via social media or mobile notifications? Click here to choose the way you love it.

Wasn’t that a super easy and valuable thing you just did? Hey, it’s time to make money online,  Let’s goooooo…

How can investing in shares make money for you?

There are two ways you could make money from investing in shares. One is if the shares increase in value, meaning you reap a profit when you sell them. The other is if they pay dividends.

Dividends are a bit like interest on a savings account. If a company makes a profit, it can choose to give some of it back to you – it could be on a regular basis or as a one-off.

Safaricom Investment Co-operative has become a household name since its establishment in 2009.  The competitive company offers integrated communication services that include the internet, money transfer, data, and SMS among others.

Other bestselling services at the company include telecom services, business connectivity, managed IT, and enterprise mobility. The unmatched success registered at Safaricom has attracted not only several subscribers but also investors and other stakeholders.

The Safaricom stock market performance over the past year-to-date period is +14.6% and the 1-year change is 22.7%. In an analysis of financial data for the 2022 period that ended in September, Safaricom Plc reported increased gross profits of 101,738 million KES, up from the 95,843 million KES reported for March.

The revenues that Safaricom Plc achieved were 146,275 million KES while operating income was 57,912 million KES, with a net income of 37,172 million KES. As an investor, you need to put your money where you see positive growth and be sure of earning some revenue.

How to buy Safaricom shares now

Safaricom commenced listing its shares on NSE in 2008 which were then oversubscribed by the public. Today, Safaricom allows you to buy its shares online through a verified stockbroker. If you choose to buy them online, you can pay via MPESA, pay bill, or Bonga points.

But if you choose to do it via a stockbroker, then you’ll pay in cash or bank transfer. Note, nonetheless, that you first need to open a virtual Central Depository and Settlement (CDSC) account, which you’ll use to buy Safaricom shares.

You can open a CDSC account in Kenya using any of these three options:

1: The Bank

Provided your bank offers stock brokerage services, you can visit them and request to open a CDSC account.

You’ll, however, need to submit these requirements:

  • Two recent passport photos
  • Valid Kenyan ID or passport
  • Bank statement or utility bill
  • Original Certificate of Incorporation (for group shareholders)

Once you submit the above, you’ll receive a CDS1 form to fill out before receiving the CDSC number.

2: Shares-Trading App

Using a shares-trading app like AIB Digi Trader App, you can sign up for your CDSC account, view your trading statements, monitor the Nairobi Stock Exchange (NSE) prices, and trade in real-time.

So, this mobile app is worth having if you plan to buy and sell Safaricom shares online. The best part is that you can use it to trade in other stocks at the NSE and not just Safaricom shares.

3: USSD

You can also use the USSD code *543# to sign up for a CDSC account. You’ll receive login details to your online account once you complete the USSD signup.

How to buy Safaricom shares through a stockbroker?

Now that you have your CDSC trading account, you can choose to buy shares through a verified stockbroker. You’ll need to pay in cash or via bank transfer if you select this route.

Here’s how to do this:

  • Deposit money into your CDSC online account using the Pay bill number that the broker will provide.
  • Alternatively, you can transfer from your bank account
  • Go ahead and place your order by filling out the order form that the stockbroker provides
  • Wait for the shares to reflect in your CDSC account within 48 hours

Remember, the minimum number of shares you can buy is 100.

How to buy Safaricom shares online

You can purchase Safaricom shares online using an MPESA pay bill number, bank account, or Bonga points.

To buy Safaricom shares via M-Pesa follow the steps below:

  • Go to Lipa Na MPESA on your phone
  • Opt for pay bill and use the pay bill number 163163
  • Enter your name or the name of your group as the account number
  • Follow the ensuing steps to complete the purchase

To buy Safaricom shares via Bank (Co-operative bank)

You’ll pay to the account number 01120150100700 under the account name Safaricom Investment Cooperative (SIC), Westlands branch.

iii. To buy Safaricom shares using Bonga points, use a USSD or MySafaricom App

To use the USSD, follow the steps below:

  • Dial *126# on your mobile
  • Choose Lipa Na Bonga Points
  • Opt for pay bill
  • Enter your broker’s pay bill number
  • Enter your CDSC account number under the account number section
  • Input the amount of money you want to deposit directly into your CDSC trading account
  • Log into your CDSC account to directly buy the shares you want

To use MySafaricom App, follow the steps below:

  • Download MySafaricom App on your mobile phone
  • Launch the app and use your mobile number to receive a one-time password (OTP) via SMS
  • Use the OPT to log into your account
  • Select Bonga on the app
  • Pick Lipa Na Bonga Points
  • Choose pay bill number and enter your broker’s pay bill number
  • Use your CDSC account number under the account number section
  • Specify the amount you want to credit into your CDSC account
  • Input your PIN and continue with the subsequent steps

N/B: For every 5 Bonga points, you redeem 1Ksh, which you can use to buy Safaricom shares.

Who can buy Safaricom Shares?

Safaricom allows both individuals and groups to buy its shares. The requirements for the two sets of shareholders differ.

Requirements for individuals to qualify

Individual shareholders need to:

  • Buy at least 500 shares (check the current Safaricom share prices here as they keep changing)
  • Pay a registration amount of Ksh 10,000 (non-refundable)
  • Be willing to pay a monthly contribution of Ksh 3,000
  • Submit your passport, ID copy, KRA PIN certificate, and proof of payment

Requirements for groups to qualify

Chamas, SACCOs, and self-help groups can also buy Safaricom shares if they meet these requirements:

  • Be a registered group
  • Pay a registration amount of Ksh 25,000
  • Buy a minimum of 1,500 shares
  • Be willing to contribute Ksh 15,000 monthly

How much does a Safaricom share cost?

Safaricom shares prices keep changing every day. However, we can estimate that Safaricom shares go from Ksh 34.55 to Ksh 44.20 as of now.

 Our final thoughts

This is how you can buy Safaricom shares and start building your wealth periodically. The business of buying and selling Safaricom shares is a nice source of income, but you will profit more only if you invest a lot of money.

Have you ever invested in Safaricom shares? Let’s hear your views in the comment section.

You can join our affiliate program for free and make a few coins to help you make your first investment at Safaricom. Click here to join for free. Remember to verify your email after signing up.

Its time to make money online, let’s goooooooooooo

###

how to buy Safaricom shares, how to buy Safaricom shares, how to buy Safaricom shares, how to buy Safaricom shares, how to buy Safaricom shares, how to buy Safaricom shares, how to buy Safaricom shares, how to buy Safaricom shares, how to buy Safaricom shares, how to buy Safaricom shares, how to buy Safaricom shares, how to buy Safaricom shares,

 

Important Parts Of Our Site

If you are just getting started on our site, please visit either of these important parts on our site to help you to get started and never miss an online opportunity. Click the green text to get started with any of them:

Blog:- The central place to find the latest online Jobs In Kenya and other online opportunities to make and save money.

Opt-in:- The central place for all new users to join our email list and other social media platforms OJIK is on. 

♦ Forum:- The central place for our site members to discuss online money-making ideas and digital business growth. 

Affiliates:- A unique program that helps us share the revenue made from this blog with our esteemed readers.

Leave a Comment

Your email address will not be published.

You May Also Like