I’ve always wanted to invest in Safaricom shares, especially since it’s one of the most profitable companies in Kenya. But I didn’t know where to start or whether I needed a broker or special account.
If you’re also looking to invest, here’s a simple guide to help you buy Safaricom shares in Kenya.
Quick Answer
To buy Safaricom shares, open a CDS account, choose a broker or investment platform, deposit funds, and purchase shares through the stock market or cooperative options.
What Are Safaricom Shares?
Safaricom PLC is a leading telecom company listed on the Nairobi Securities Exchange.
👉 Buying shares means:
- You become a part-owner of the company
- You can earn dividends and capital gains
Ways to Buy Safaricom Shares in Kenya
There are two main ways:
1. Through a CDS Account (Stock Market)
- Open a CDS account with a stockbroker
- Buy shares directly on the Nairobi Securities Exchange (NSE)
2. Through Safaricom Investment Co-operative
- Buy shares from existing members (secondary market)
- Easier for beginners
Step-by-Step: How to Buy Safaricom Shares via CDS Account
Step 1: Choose a Stockbroker
Select a licensed stockbroker or investment bank.
Step 2: Open CDS Account
Register a Central Depository System (CDS) account.
Step 3: Deposit Funds
Transfer money to your trading account.
Step 4: Place Buy Order
Request your broker to buy Safaricom shares.
Step 5: Receive Shares
Shares will be credited to your CDS account.
Step-by-Step: How to Buy via Safaricom Investment Co-operative
Step 1: Become a Member
Meet requirements:
- Buy minimum shares
- Pay registration fee
- Submit documents
Step 2: Deposit Money
Send funds to the share trading account.
Step 3: Shares Allocation
Shares are allocated:
- Within 7 working days
- Using FIFO system (first come, first served)
How to Buy Safaricom Shares via M-Pesa
Step 1: Go to M-Pesa Menu
Open your phone.
Step 2: Select Lipa na M-Pesa
Choose Paybill option.
Step 3: Enter Business Number
Input 163163.
Step 4: Enter Account Name
Use your name or group name.
Step 5: Enter Amount
Input amount to invest.
Step 6: Confirm Payment
Enter PIN and complete.
How to Buy Safaricom Shares via Bank
Step 1: Visit Bank or Use Mobile Banking
Use Co-operative Bank.
Step 2: Enter Account Details
- Name: Safaricom Investment Co-operative
- Account Number: 01120150100700
- Branch: Westlands
Step 3: Deposit Funds
Complete transaction.
Extra Tips and Best Practices
- Start with small investments
- Track share price trends
- Reinvest dividends
- Use licensed brokers only
- Diversify your portfolio
Common Mistakes to Avoid
- Investing without research
- Using unlicensed brokers
- Ignoring market trends
- Expecting instant profits
- Investing all your money in one stock
FAQ
Do I need a CDS account to buy shares?
Yes, for stock market trading.
Can I buy Safaricom shares via M-Pesa?
Yes, through the co-operative option.
How long does share allocation take?
Usually within 7 working days.
Conclusion
Buying Safaricom shares in Kenya is easier than most people think. Whether through a CDS account or cooperative, you can start investing and grow your wealth over time.
