Abojani Investment, a financial education platform in Kenya, recently put out three tips that Kenyan investors can rely on using the USSD system of their mobile phones.
Here are the 3 must know USSD Codes for investors in the Kenyan market:
*106# to Check any Unknown Mobile Numbers Registered Using Your ID
This is an important short code that can help to protect against fraudsters.
With mobile phone numbers increasingly linked to financial services, it helps to have a tool that you can use to ensure that your number is registered to your personal identification.
*361# to Check if You Have Any Unclaimed Assets
Investors are usually keen on making sure that all their funds and assets are accounted for. With *361#, the mobile operator can reveal all unclaimed funds and other monies spent.
This is all thanks to the Unclaimed Financial Assets Authority (UFAA) which owns the short code. Once a user enters the code through any of the operators running in Kenya, they will be asked to register using their personal details.
According to the government body, there are several kinds of unclaimed assets that could easily go under the radar.
Dormant accounts at banks
Unclaimed dividends and interest earned from stocks and shares
Unclaimed deposits and benefits from collapsed institutions