Have you ever wanted to own a company in Kenya?
Here is your chance, at least to own a piece of it.
By buying shares in Kenyan listed companies you will own a piece and therefore when they make profits, some of that will come back to you in dividends, and the price of your share might also go up. They make money you make money.
You can buy those shares today on the Nairobi Stock Exchange, and this is how in 5 steps:
Step 1 - Register with a Broker
The fastest way is to sign up with broker on the NSE (Nairobi Stock Exchange).
The broker will open up a Central Depository System (CDS) for you.
If you have a KRA ID then it can all be done online. If not you will have to email the broker your government issued ID and passport photos.
Once you are registered with a broker, you will be able to start buying shares via their app or online portal.
The list of regulated brokers is below, and most commercial banks have brokerages
https://moneyinafrica.com/brokers/#kenya
The brokers we use in-house are AIB-AXYS and SBG Securities (Stanbic).
Step 2 - Choose the shares you want to buy
Preferably by the shares of companies you understand.
If you don't invest in a company you understand, it is akin to gambling just with less excitement.
If you understand banking buy banks, if you understand farming buy agriculture shares e.t.c.
We can't tell you the best shares for you but we give you guidance on how to pick good shares
Step 3 - Send funds to invest
Decide how many shares you want to invest.
Please note you can't buy less than 100 shares, and also factor in at last 2-3% for commissions and trading account fees.
Once you know how much money you want to invest, send it to the broker.
Funds to invest can be sent to the brokers by M-Pesa, Airtel Money or bank transfer.
Step 4 - Buy the shares
Once you confirm that your funds have been added to your brokerage account, you can undertake a trade to buy the shares.
For most brokers, trades can be done by mobile app or online portal.
Trades can still be done by sending instructions by email or on the phone for some brokers.
Step 5 - Confirm Trade
Brokers will provide a confirmation note once a trade is completed. This also should show up on their online portal.
For our PREMIUM users, you can also track the trades you have made using our My Portfolio feature
Bonus Step - Monitor Investment
MoneyInAfrica has been built to specifically help you FIND, ANALYSE and MONITOR investments on the Nairobi Securities Exchange.
Monitor your investment by adding it to a watchlist, set up price alerts so you spend less time looking at the share price.
Find your next investment using our Investment Screener, and our in-depth visual analysis of each company on the NSE.
Find you first share
Not sure what share you want to buy first, let us help you by showing you the best performing shares
