How to buy Kakuzi shares
By Nairobi Stocks Review
If you are seeking the best companies to invest in in Kenya, Kakuzi PLC is worth a look. The NSE-listed company has been in business for many years and has a long history of profitability and dividend distribution. You might want to know how to buy Kakuzi shares and also who owns Kakuzi. Depending on your stockbroker, you may be able to buy Kakuzi shares online.
Before getting into how to become a Kakuzi shareholder, it will help to know a little more about the company first. Kakuzi operates in the agriculture sector and runs a diverse range of businesses. In addition to growing tea and processing it for the domestic and international markets, the company also sells pineapples, avocados and livestock.
Who own Kakuzi?
Kakuzi was started by British investors in the early 1900s. It initially engaged in sisal farming, switched to coffee and continued to broaden its operations over the years. In 2021, a British company called Camellia is the largest shareholder in Kakuzi.
Where and how to buy Kakuzi shares
Kakuzi shares can be purchased on the Nairobi Securities Exchange where they trade under “KUKZ” ticker symbol. You will need to have a CDS account to be able to buy Kakuzi shares on the NSE Kenya. (Read How to open a stock trading CDS account in Kenya).
How to buy Kakuzi shares online in Kenya
You may be able to buy and sell Kakuzi shares online in Kenya if you choose a stockbroker that supports online trading. The ability to trade shares online offers investors convenience in accessing the stock market at any time they want. (Read How to choose the best stockbroker for beginners).
The rollout of online stock trading in Kenya is still in the early stages. Presently, stockbrokers that support online trading in NSE shares are Dyer and Blair, Suntra Investment Bank, Kingdom Securities, Faida Investment Bank and KCB Capital. The others are SBG Securities, Kestrel Capital, AIB-AXYS Africa and Genghis Capital.
How to buy Kakuzi shares with Bonga Points
Bonga Points is a loyalty programme offered by Safaricom to its customers. Safaricom subscribers earn the reward points when they use the company’s services such as call, text, internet bundles and Mpesa.
Safaricom lets its customers put their accumulated Bonga Points toward stock investment at the NSE Kenya. You can buy Kakuzi shares with Bonga Points at select stockbrokers.
These are NCBA Capital, Kingdom Securities, AIB-AXYS, Suntra Investments, Sterling Capital, Dyer & Blair Investments and ABC Capital. The other brokers that support buying NSE shares with Bonga Points are Old Mutual Securities, Faida Investment Bank and Francis Drummond.
To buy Kakuzi shares with Bonga Points, go to MySafaricom app or dial *126#. From there you will enter your broker’s paybill number followed by your CDS account number. Remember five Bonga Points gives you Ksh1 toward a stock purchase.