Buying Safaricom, KCB and Equity Bank Shares in Kenya
How to buy Safaricom shares
- Safaricom Public Limited company continues to be the leading telecommunication company in the country. It is a competitive company offering a wide variety of integrated communication services to its broad base of loyal customers.
- The services include; internet money transfer, SMS, data, business connectivity, enterprise mobility, managed IT, telecom services etc.
- Safaricom’s unmatched success has not only attracted several subscribers but also other stakeholders and investors who have shown interest in buying shares from the company.
Below is a guide on how to buy Safaricom shares
- With various dynamics going on at safaricom have made it possible to access different services with ease conveniently. For instance, you can now buy shares through different platforms such as Mpesa and the Internet.
- For you to buy shares, you need to open a CDS account with a Licensed stock broker to buy shares from the stock market. In this case the, the best option will be Safaricom Investment Co-operative.
Here is how to go about it;
How to Buy Safaricom Shares via M-PESA
- Use the Pay bill number: 163 163
- For the Account number: individual or members’ names
How to Buy Safaricom shares via Bank
- Name: Safaricom Investment Co-operative
- Bank: Co-operative Bank of Kenya
- Bank Account: 01120150100700
- Branch: Westlands
Those wishing to buy shares online can do so by logging in to the Safaricom Investment Co-operative https://sic.co.ke/
How to buy Equity Bank shares
The Equity Bank CDS account will be the gateway for buying shares from Equity or any licensed stockbrokers in Kenya. Below is how to open an Equity CDS account.
How to open an Equity CDS account
It takes only a few minutes to open a CDS account with Equity Bank. Visit the branch near you and get started. After creating the account, you will be ready to start trading in 24hrs. Here are the requirements you need.
- An existing Equity Bank Account
- A copy of your Kenyan ID/Passport
- Passport size photo
- R.A PIN
- A fully filled and signed CDS 1 form
Steps for buying Equity Bank shares
- You can buy Equity Bank shares in these three steps:
- Open an account with Equity Bank
- Open a Central Depository System account (CDS) with Equity Bank
- Buy Equity Bank shares on the NSE
Buying Equity Bank shares through a third party
- You can also open a CDS account through a third party. A third party can be a commercial bank, investment company, stockbroker, or investment advisor licensed by the Capital Markets Authority.
- You will also need to provide the required documents and they will help you with the whole process of opening the trading account and how to buy Equity Bank shares.
How to Buy KCB Bank shares
KCB shares are traded publicly on the Nairobi Securities Exchange (NSE). Here is how to go about it
- To be able to buy and sell shares listed on NSE, investors must have a CDS account. A CDS account is like a bank account only that it holds shares or stocks instead of cash. You can open the account through a stockbroker.
- After setting up the CDS account, the next step is to fund the account. This simply means making available the money to spend on buying shares. You can fund the CDS account through bank transfers or Mpesa.
- Once your CDS account is set up and funded, you can now proceed to place an order to buy KCB shares through your stockbroker.
- The broker will use the funds in your CDS account to purchase the shares for you and keep them safely in that account.
When it comes to buying shares on the NSE, there are several types of orders. The most common ones are market order and limit order. A market order instructs the broker to buy the shares you want immediately. Therefore, the broker will purchase the shares at the prevailing market price. On the other hand, a limit order instructs the broker to buy the shares at a specific price.
You now know how to buy KCB Bank shares.
Best Shares to buy in Kenya 2021
- This article helps you to know the best shares to buy in Kenya, especially if you are looking for some of the most profitable ways to invest and grow your money. The first step to investing in shares is to know which are the best shares to buy in Kenya.
- By looking at a few companies’ performance in the past years, one is likely to tell whether or not, it would be a good idea to invest in their shares. According to experts, shares that are likely to do well in Kenya are those from specific industries in Kenya.
- It is easy to know what the best shares available to buy in Kenya are. Performance trends have a way of influencing people’s decisions on which shares to invest in. Knowing how steady a company has been in the past years in the stock exchange market will help you decide whether or not you want to invest in it.
Best shares to buy in Kenya (companies to look out for)
Below is a list of some of the best companies to put your money in. If you have been wondering about which are the best shares to buy in Kenya, the list below should guide you. Chances are that these companies still feature prominently on the Nairobi Securities Exchange(NSE). These are:
- Limuru tea
- Jubilee holdings
- Centum investment
- ARM cement
- Crown paints
- Equity Bank
- KCB Bank
- BAT Kenya
- Best Sacco to buy shares in Kenya
SACCOs (Savings and Credit Co-Operative Societies) in Kenya offer the best opportunity for local Kenyans to put their money where they are sure of huge returns The fact that you can start your investment with as little as 500 shillings is something that is attractive to many Kenyans. The following are some of the most stable Sacco’s you can consider.
- Mwalimu National Sacco
- Metropolitan National Sacco
- Elimu Sacco
- Kisii Mwalimu Sacco
- Cosmopolitan Sacco
- Kakamega Teachers Sacco
- Stima Sacco (Kenya Power)
- Harambee Sacco
- Kenya Police Sacco
Having the above information, you can weigh your options. Some people invest in more than one company just to expand their investment risks. Whichever option you choose to go for, you can be sure that shares provide you with a lucrative and non-tiring investment option.