NAIROBI, Kenya, Sept 26 – SBG Securities has launched a mobile platform that allows investors to buy and sell shares directly on the Nairobi Securities Exchange.
By dialing *209#, investors can trade on the M-Shares platform, and also accesses market information as well as manage their Central Depository Services accounts.
Besides trading and accessing market information, investors can also manage their CDS (Central Depository Services) accounts and load the account using mobile money.
Stanbic Bank Chief Executive Philip Odera, said the platform has opened a new and convenient investment opportunity for all Kenyans.
“On mobile, investors can access and trade on the NSE from wherever they are. This continues a journey to drive financial inclusion through enhanced access to capital markets that we began in 2010 to facilitate online trading of shares on iTrader,” Mr Odera added.
Until the introduction of iTrader in 2010, investors could only transact on the NSE through brokers. The launch of M-Shares now further enhances access to the bourse via the mobile phone. Latest statistics from the Communication Authority indicate that mobile penetration in Kenya currently stands at 86.2 percent, with 39.1 subscriptions.
“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. At SBG Securities, we constantly innovate to deliver convenient solutions to our customers. This is the reason we continue to trailblaze for the industry,” Mr Odera concluded.
SBG Securites has set up a virtual support team at its contact centre to provide support to M-Shares clients and to answer queries.