Saturday, July 27, 2024

How to buy Safaricom shares through your stock broker (or bank, if it is a registered stock broker)

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Nyongesa Sande
Nyongesa Sandehttps://bizmart.africa
Nyongesa Sande is a Kenyan blogger, Pan Africanist,c olumnist Political Activist , blogger, informer & businesman who has interest in politics, governance, corporate fraud, human rights and television personality.

If you had visited a physical broker, inform your broker you wish to buy Safaricom shares (and have your cash ready). How to buy Safaricom shares through your stock broker (or bank, if it is a registered stock broker)

Here is what will follow:

Step 1: Deposit the amount of money you want to invest in your CDS account. Your broker will give you details about the MPESA paybill number to use.

Side note:  The minimum number of Safaricom shares you can buy is 100 (and you order in multiples of 100 shares)

Step 2: Place your order with your broker/bank by filling in an order form.

That’s all- your broker will proceed to execute your order and the Safaricom shares you have just purchased will reflect in your newly opened CDS account within 2 days (maximum).

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