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, CEO, NSE. 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. 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 Kshs 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, CEO, 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. This was moments after signing a partnership between Safaricom and NSE on Bonga points investment in the stock market). (TOP: Safaricom CEO, Peter Ndegwa – second right -, with NSE CEO, Geoffrey Odundo – left -, NSE Chairman, Kiprono Kittony, and CDSC Head of Strategy, Research, Legal and Compliance, Hilda Njeri. 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. The service is available to all Safaricom customers, who can redeem their points through licensed Trading Participants, with 10 already activated. VodaPay out to transform South Africa’s digital shopping, lifestyle and financial services sceneĪlaa Bawab appointed head of Lenovo’s Infrastructure Solutions unit in Africa and Middle East Sendbox, the e-commerce fulfillment startup, raises $1.8 million to digitise deliveries for Africa’s SMEs Hacking humans: How social engineering exploits business vulnerabilities How do I Enable JavaScript in My Browser?įamous: Newcomers Michelle Tiren, Bryanna Wanjiku shine as music drama premieres How ERP brings tangible RoI to the manufacturing and distribution CEO Mastercard unveils online platform to help SME owners learn and grow their ventures Thuraya WE launched to offer affordable access to business and lifestyle apps