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How To Buy Safaricom PLC Shares

How to buy Safaricom Shares Safaricom PLC is the largest Telecommunications Provider in Kenya and one of the biggest trading companies in the Nairobi Stock Exchange (NSE).

While those who we're swift enough to buy Safaricom Shares during the earlier years have made good returns from their investment, it could still a good idea to invest in the company considering it's good annual divident payouts.

Safaricom Shares have been very profitable for investors. In 2020, Safaricom shares returned more than 28%. As of June 10, 2020, Safaricom's share price was KES. 40.45. However, the share price has been consistently dropping to a price of between Ksh. 23.00 to Ksh. 24.50 at the time of writing this post. This is why you will need to do due diligence when making the decision to invest in this company and if possible get professional financial advice and guidance first. 

How To Buy Safaricom Shares.

In order to buy Safaricom Shares in Kenya there are a number of steps you should take:

1. Open a CDS account: 

The first step in buying Safaricom shares is to open a Central Depository System (CDS) account with a licensed broker. This is a mandatory requirement for purchasing any listed security in Kenya. 

There is a good number of licensed stoke brokers in Kenya including a number of banks. They include:

  • Dyer And Blair
  • Suntra Investment Bank
  • Old Mutual
  • SBG Securities
  • Kingdom Securities.
  • AIB-AXYS Africa LTD.
  • ABC Capital
  • Sterling Capital
  • Faida Investment Bank
  • NCBA
  • KBC Capital among other licensed traders.
Once you pick your broker they will guide you on how to open the CDS account. You can give them a call or visit their nearest branch and start the process of being a share older.
I personally opted for AIB-AXYS since they have an easy to follow process on their online platform as well as their ABI digitrader app which allows you do everything at the comfort of your house or office. Please note that once you get a CDS account from them you will be charged Ksh. 200 annually as account maintenance fee.

2. Deposit funds: 

Once you have opened a CDS account with a broker, you will need to deposit funds into the account in order to buy the shares. This will depend on your financial ability as well as the number of shares you would want to purchase. You can deposit the money into your CDS account using M-Pesa through a playbill number that you will be provided by your broker. You can also pay using Bonga points by dialing *126#, Lipa na Bonga then follow the remaining steps in order to complete the transaction.

While buying shares from NSC is strongly advisable that you buy shares in bundles of hundreds meaning the minimum shares you would need is 100 with the amount depending on the share price at the time of purchase.

3. Place an order: 

Once you have deposited the funds, you can then place an order to buy the Safaricom shares. This can be done through the broker’s online platform or through a broker’s representative. Your broker will guide you through this simple process.

4. Monitor your investments: 

Once you have purchased the shares, you will need to monitor the stock performance in order to ensure that the investment is profitable. This can be done through the broker’s online platform or through a broker’s representative.

Why Buy Safaricom Shares?

1. Strong Financial Performance: Safaricom has a strong financial record and a consistent track record of dividends and share buybacks. 

2. Market Leader: Safaricom is the largest telco in East Africa and a leader in innovation and mobile money. 

3. High Returns: Safaricom has delivered high returns to investors in the past, and is expected to continue to do so in the future. 

4. Growth Potential: The telecommunications sector in Africa is growing rapidly and Safaricom is well positioned to capitalize on this growth. 

5. Diversification: Investing in Safaricom can provide investors with diversification benefits as the stock is not correlated with other markets.

6. You can easily buy Shares via M-Pesa or Bonga points. This does not only apply to Safaricom Shares but any company listed on the Nairobi Stock Exchange.

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