Ziidi Trader Drives NSE Deals to Record Highs
Trading at the Nairobi Securities Exchange has shifted to a higher baseline after Safaricom’s Ziidi Trader rollout. Equity deals rose from a prior 4,000–7,800 range to repeated records above 20,000, including a peak of 25,773. Ziidi accounted for about 59% of trades on peak days while contributing about 4% of turnover, pointing to retail-led, small-ticket activity. Liquidity stayed firm with four straight KSh 1bn-plus sessions, WoW gains of 81% in volumes and 54% in turnover, and slower foreign outflows, confirming a structural change in participation.
Ziidi Trader Drives Record NSE Trades and Back-to-back KSh 1bn Days
Trading at the Nairobi Securities Exchange has reached historic levels after the rollout of Safaricom’s Ziidi Trader. Equity deals settled at a record 25,700 on 11 February, up sharply from the usual 4,000–7,800 range seen before the pilot began on 5 February. Turnover topped KSh 2.44 billion on 10 February and KSh 1.83 billion on 11 February, only the second back-to-back KSh 1 billion streak this year. Foreign investors were net buyers, NASI hit a new high of 209.65, and heavy activity centred on Safaricom and Kenya Power as retail participation widened.Safaricom, NSE Bet on Ziidi Trader to Turbocharge Stock Trading
Safaricom has launched the Ziidi Trader, a new service that allows M-Pesa users to buy and sell shares listed on the Nairobi Securities Exchange (NSE) directly
Safaricom Enters the Money Market Fund Industry with Ziidi MMF
Telco giant Safaricom PLC has entered the money market fund after its subsidiary, Ziidi Money Market Fund, received a license from the Capital Markets Authority (CMA). According to Wycliffe Shamiah, [...]