By simply dialing *209#, investors can now directly buy and sell shares on the Nairobi Securities Exchange (NSE) in addition to accessing real-time market information thanks to a new self-service platform dubbed “M-Shares”. Accessible on USSD, thus availing it to a wider pool of investors with a phone, the mobile platform has opened a new and convenient investment opportunity for all Kenyans.
Philip Odera, CEO, Stanbic Bank, said the groundbreaking platform will effectively remove barriers that previously stood in the way of investors interested in the NSE, and continues a journey to drive financial inclusion through enhanced access to capital markets that began in 2010 to facilitate online trading of shares on iTrader.
“The mobile phone is part of the Kenyan lifestyle. We aim to further enrich this lifestyle by providing a convenient platform for investing on the NSE,” Mr Odera said, adding that SBG Securities has set up a virtual support team at its contact centre to provide support to M-Shares clients and to answer queries.
