Hisa Technologies Unveils Realtime Kenyan Stocks Trading

Hisa users will be able to start or follow discussions, read the latest business and finance news from reputable media partners, get real-time market updates, learn from experts and listen to podcasts on topics ranging from technology, personal finance, and interviews with thought leaders.

Lynnet Okumu
Hisa Technologies is the first company in Africa to receive such regulatory approval for fractional investing for US stocks and Kenyan stocks.

The Capital Markets Authority (CMA) and the Nairobi Securities Exchange (NSE) have given Hisa Technologies and Faida Investment Bank the go-ahead to allow fractional investing.

“We have received joint approval as Hisa and Faida from NSE and CMA to apply fractional investing after we met the requirements, and we will soon introduce that,” said Erick Asuma, co-founder and CEO of Hisa.

“Hisa has come to make it easier to invest in companies like Amazon through fractional ownership. There is also work behind the scenes to enable fractional investing in government bonds,” added Bob Karina, founder and chairman of Faida Investment Bank.

The announcement was made during its public launch after a 10-month beta period. The app allows anyone in Kenya to invest directly in Kenyan listed stocks, US stocks and ETFs from their phones using mobile money.

“We have developed a pathway for digitization and digital trading. We are very excited about our partnership with Hisa by providing them with capabilities to integrate directly to the exchange through Faida,” said Geoffrey Odundo, Chief Executive Nairobi Securities Exchange PLC.

The app is available on Android or iOS devices.


 

Lynnet Okumu

LA writes on various subjects, from family, relationships, and health to commodities in East Africa. She is a graduate of Journalism and Mass Communication from Masinde Muliro University. She is an advocate for women's and children's rights.

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