There are many options in the Kenya Stock Exchange, however, three stocks are worth giving a shot long term. Despite their major ups and downs in the past decade years, these stocks have seen a steady rise over time.
Over the past several years, Safaricom has seen a steady increase. Its moves to go international may see it continue to grow from strength to strength. If you had invested just Kes 30,000 in 2012, you would have over Kes 300,000 today.
Over the past decade, there have been high highs and low lows, but if you leave your money in the long term, you are likely to have gained income steadily. If you had invested just Kes 30,000 in 2012 it would have doubled to about Kes 78,000 by now. Not considering dividends.
Equity grows significantly in short bursts of time, but if you started trading since 2012, then you would’ve increased your income overall. If you invested Kes 30,000 in 2012, then you would’ve doubled to about Kes 78,000 by now.