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.
Examples include:
- Dormant accounts at banks
- Unclaimed dividends and interest earned from stocks and shares
- Unclaimed deposits and benefits from collapsed institutions
- Unclaimed benefits from dead relatives
- *866# – Enables CDS Account Holders to Buy Treasury Bills & Bonds
The Central Bank of Kenya investment products are a lucrative investment route.
Some of the products include:
- Treasury bills
- Treasury bonds
Investors in these government securities are required to open a CDS account with Kenya’s Central Bank. The short-code enables investors access investment tools via their mobile phones.
______________________________________________________________________
RECOMMENDED READING: Financial Education is Lacking Among Kenyans, the New FSD Household Survey Shows
______________________________________________________________________
Thank you for your support by helping us create content:
BTC address: 3CW75kjLYu7WpELdaqTv722vbobUswVtxT
ERC20 Address: 0xBc11cFa590C6CC465248D77d399C3106B881cC0E
SOL address: 9cC65AWFHj848kntcoyiT8av3jiRQEqyTTmBR1GvVUb
____________________________________________________________________
Follow us on Twitter for the latest posts and updates
Join and interact with our Telegram community
_____________________
Subscribe to our YouTube channel below for more updates:
_____________________________________________________________
