How Kenyans in diaspora can invest with Co-op Bank

There is no doubt that while the job deficit in Kenya continues to widen, many Kenyans have spread out overseas in search of jobs and better pay. From the job markets in the middle East to Europe and the US, Kenyans have made their footprints.

With many of these jobs providing higher remuneration, one of the biggest questions Kenyans abroad have had to contend with is on how they can invest back home successfully.

Currently, there are numerous ways you can invest if you are abroad. These include trading in shares, investing in bonds.

To get it right and maximize your profits, the smartest way you can start trading is through Co-operative Bank – one of the most profitable banks in Kenya, which is also licensed to facilitate trading on the Nairobi Securities Exchange (NSE).

Trading in Shares

To start trading in shares while abroad, you will need to open a CDS account follow the following simple steps:

• Fill in the application form and send it back to Co-operative Bank through the address: [email protected]
• Attach a recent passport size photo
• Attach a scan of your certified ID or scan of certified Passport

Once you have opened a CDS account and transferred money, you will be able to start trading. You can do this on your own through the live trading session provided by Co-op Bank. This live session will allow you to track your shares online for free, make orders, buy or sell.

Alternatively, through its investment arm, Kingdom Securities, Co-operative Bank will readily provide you with researched stock recommendations to help you erode risk while maximizing on your portfolio.

Bonds and T-Bills

Alternatively, you may opt to invest in Bonds and Treasury Bills (T-Bills).

To begin with, by investing in bonds through Co-op Bank, you investment will be risk free as your principle and interest payments will be guaranteed.

Additionally, you will not need to go through the hustle of bond auctions as Co-op Bank will bid for you.

Investments in Treasury Bills will also be risk free. They’ll be issued in maturities of 91, 182 and 364 days. They’ll be sold at a discounted price to reflect investor’s return and redeemed at face (par) value.