Are You Confused About Where to Start With Investing in Safaricom?
Let’s be honest buying shares for the first time in Kenya can feel like walking into a boardroom without knowing the rules. If you’re wondering how to buy Safaricom shares, you’re not alone. It’s a question thousands of Kenyans are asking in 2025, especially as more people embrace mobile investing.
In this guide, we’ll walk you through the whole process from what you need to how much you’ll spend, where to register, and how to trade, even from your phone. Simple, step-by-step.
Why Safaricom Shares?
Strong Brand, Strong Dividends
Safaricom isn’t just another telecom. It’s Kenya’s most profitable company and a key player on the Nairobi Securities Exchange (NSE). The company regularly pays dividends, which means you can potentially earn a return just by holding their shares.
Accessibility for Beginners
Unlike some high-risk stocks, Safaricom shares are relatively stable. That’s why many beginner investors in Kenya start with Safaricom it feels safer, and it’s well-known.
Who Can Buy Safaricom Shares in Kenya?
Individuals
If you’re a Kenyan adult with a valid ID, you can invest as an individual. You just need a CDS account and a few documents (more on that shortly).
Groups (Chamas, Saccos, Investment Clubs)
You can also invest as a group. Whether it’s a chama or a registered investment company, group investing is very common and often more powerful due to pooled funds. Safaricom Investment Cooperative makes this process even easier.
Minimum Requirements to Get Started
- A CDS account (Central Depository System)
- A valid Kenyan ID or passport
- Your KRA PIN certificate
- A passport-sized photo
- Proof of payment or funding source
Minimum investment: 500 shares × Ksh 52.50 = Ksh 26,250
Read: How to Make Money on TikTok in Kenya
Step-by-Step: How to Buy Safaricom Shares
Step 1: Open a CDS Account
This is where your shares will be held. Think of it as a digital wallet for your investments. You can open one through a licensed broker or directly via CDSC Kenya.
Step 2: Choose a Licensed Stockbroker
You’ll need a licensed stockbroker to handle the trades. Trusted brokers include:
- AIB-AXYS Africa
- NCBA Investment Bank
- Genghis Capital
- Dyer & Blair
- SBG Securities
View full list at KASIB.
Step 3: Fund Your Account
Transfer funds (at least Ksh 26,250) to your brokerage account via M-PESA or bank transfer. Some brokers support both methods. Always confirm transaction charges.
Step 4: Place Your Order for Safaricom Shares
Log into your broker’s trading platform, search for Safaricom (SCOM), enter quantity (minimum 500 shares), and confirm the trade. Shares will appear in your CDS account once processed.
How Much Money Do You Need to Buy Safaricom Shares?
- Share Price: Ksh 52.50 (approx. as of 2025)
- Minimum Lot: 500 shares
- Total Minimum: Ksh 26,250 (excluding broker fees)
Buying via Mobile: Can You Use M-PESA?
Yes! Most brokers accept M-PESA. Apps like AIB DigiTrader and Safaricom’s MALI allow direct buying from your phone.
Steps:
- Register on broker’s app
- Deposit funds via M-PESA
- Search for Safaricom (SCOM)
- Buy shares and confirm
Investing Through Safaricom Investment Cooperative
For group investors (chamas, Saccos), join the Safaricom Investment Cooperative:
- Minimum monthly contribution: Ksh 15,000
- Required documents: registration form, ID & KRA copies, passport photo, payment proof
Monitoring Your Shares & Receiving Dividends
Get email or SMS notifications through your broker or CDSC. Dividends are typically paid annually to your linked bank or M-PESA account.
Can You Sell Your Safaricom Shares Later?
Yes, just place a sell order through your broker. Proceeds will be sent to your preferred account after the sale is finalized.
Common Mistakes to Avoid When Buying Shares
- Not comparing broker fees
- Investing without research
- Ignoring market trends and dividend cycles
- Letting emotions drive decisions
Conclusion: Make Your First Investment Count
Buying Safaricom shares isn’t just for the rich or experts. With as little as Ksh 26,250 and a smartphone, you can start investing in one of Kenya’s most stable and rewarding companies. Take the first step today and let your money grow.
FAQs
1. Can I buy Safaricom shares as a student or unemployed individual?
Yes. As long as you have the required documents and funding, you’re eligible to invest.
2. Is there a way to buy Safaricom shares using Bonga Points?
Yes! Dial *126# and select “Lipa Na Bonga” to use points to buy shares.
3. What happens if Safaricom’s share price drops?
Share prices fluctuate. Long-term investors usually recover losses over time, but it’s wise to stay informed.
4. Are Safaricom dividends guaranteed every year?
No, dividends depend on company performance, but Safaricom has a strong history of consistent payouts.
5. Can I gift Safaricom shares to someone else?
Yes, via a transfer form through your broker. CDSC guidelines also support share gifting.
Read: How to Join Etica Money Market Fund in Kenya: A Step-by-Step Guide
