It further provides an avenue for retail investors to participate in the NSE and is coming on the backdrop of the stock market’s recovery following the COVID-19 pandemic,” said Geoffrey Odundo, Chief Executive Officer, Nairobi Securities Exchange. The partnership resonates with our resolve to connect capital with opportunities as anchored in the NSE 2020-2024 strategic plan. “Through this initiative, we intend to unlock more investment opportunities to investors using convenient and innovative solutions. Looking on is, NSE Chairman, Kiprono Kittony and Central Depository & Settlement Corporation (CDSC) Head of Strategy, Research, Legal and Compliance, Hilda Njeru. Safaricom PLC CEO, Peter Ndegwa (right), with Nairobi Securities Exchange (NSE) CEO, Geoffrey Odundo, as they exchange partnership documents.
Customers will then key in the Trading Participant’s paybill number followed by their CDSC (Central Depository and Settlement Corporation) account number. To invest, customers will redeem their points at a rate of KES 1 for every 5 points via the ‘Lipa Na Bonga’ menu on USSD *126# or MySafaricom App. Through this partnership with NSE, we seek to give our customers more value and utility for their Bonga Points while creating more avenues for driving economic empowerment,” said Peter Ndegwa, Chief Executive Officer, Safaricom. “As we focus on the next phase of our journey to go beyond, our aim is to continue transforming the lives of our customers by delivering a wide range of products and services that align with their needs. More Trading Participants will join in due course. These include NCBA Capital, Faida Investment Bank, AIB-AXYS, ABC Capital, Old Mutual Securities, Kingdom Securities, Suntra Investments, Francis Drummond & Company, Dyer & Blair Investments and Sterling Capital LTD. The service is available to all Safaricom customers, who can redeem their points through licensed Trading Participants, with ten already activated. Nairobi, Kenya 9 th August 2021 …. Safaricom (NSE: SCOM) and Nairobi Securities Exchange (NSE) have today announced a partnership to enable Kenyans invest in stocks using their accrued bonga points.
Customers can now redeem their bonga points to invest in the NSE by using MySafaricom App or via USSD *126#
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