There are many registered stockbrokers in Kenya. However, not all of them offer the best services. This article will list 10 of the best-registered stockbrokers in Kenya.
Kenya’s capital markets are some of the most sophisticated in Africa.
With a well-developed infrastructure and a solid regulatory framework, the nation’s stock exchange is a popular destination for foreign investors.
Perhaps not surprisingly, most of Kenya’s top ten registered stockbrokers are international firms.
List of Registered Stockbrokers in Kenya
Who is a Stockbroker?
A stockbroker is an individual or a firm that charges a commission or markup to execute buy and sell orders submitted by an investor.
A stockbroker also provides investment advice to his clients.
To become a registered stockbroker in Kenya, one must have a Capital Markets Authority license (CMA) license.
The Capital Markets Authority is a statutory body established in 1989 under the Capital Markets Act.
The authority is tasked with regulating all non-bank financial institutions in Kenya.
What is the role of the stockbrokers in Kenya?
A stockbroker acts as an intermediary between the buyer and the seller in the stock market. He is responsible for the buying and selling orders of his clients.
A good stockbroker should:
- Advise you on the best stocks to buy
- Assist you in analyzing stock performance
- Help you understand the stock market
- Offer you good customer service
- Be registered and licensed by the Capital Markets Authority (CMA)
Now that we know what stockbrokers do, it’s crucial to find a registered stockbroker who can help you make wise investment decisions.
Here are the top 10 registered stockbrokers in Kenya.
1. KCB Capital Group:
Leading the pack is KCB Capital Group, a subsidiary of one of Kenya’s largest banks.
KCB Capital is the fully-owned investment company subsidiary of KCB Group Plc and was licensed by the Capital Markets Authority (CMA) in October 2014 to offer a wide range of corporate finance services, including;
- Equity and Debt Capital markets
- Structured Finance
- Mergers & Acquisitions
- Private wealth management
- Project Advisory services.
The firm has played a crucial role in many of Kenya’s significant IPOs and joint ventures and is widely respected for its experience and expertise.
2. Suntra Investment Bank Limited
There are many factors to consider when it comes to finding the best stockbroker in Kenya.
However, one of the most important is experience. Suntra Investment Bank Limited is one of Kenya’s oldest and most experienced stockbrokers, with over 30 years of experience in the industry.
Suntra Investment Bank Limited is a licensed stockbroker, merchant banker, and investment adviser.
The firm offers a broad range of services, including stockbroking, research, portfolio management, and corporate finance advisory.
They also have a team of experienced and qualified analysts who can provide valuable insights into the Kenyan market.
3. ABC Bank Limited
ABC Bank is one of the leading banks in Kenya, with a well-established investment and stock brokerage arm.
The bank provides quality services to its clients and offers a wide range of products, including shares, bonds, and mutual funds.
ABC Bank is also a member of the NSE and is regulated by the Central Bank of Kenya.
The company has a group of seasoned experts well-versed in the Kenyan market and can provide important insights to their customers.
4. Standard Investment Bank
Standard Investment Bank is a private company registered in Kenya specializing in Investment Banking, securities trading, and investment management.
It was established in 1995 by a Kenyan entrepreneur, and since then, it has grown to become one of Kenya’s major financial institutions.
The company is an NSE member and fully licensed by CMA as an Investment Bank.
The company strongly focuses on providing quality service and advice to clients, and its experienced professionals are dedicated to helping clients grow their wealth.
5. NCBA Investment Bank
NCBA Investment Bank is a subsidiary of NCBA Group, one of the leading banking groups in Kenya.
The firm is Nairobi Securities Exchange and licensed by CMA. NCBA offers a wide range of services, including;
- Equity and Debt Capital Markets
- Online Share Trading
- Investment Advisory
The firm has a staff of knowledgeable specialists with experience in the Kenyan market who can give their clients important information.
6. AIB-AXYS Africa Ltd:
AIB-AXYS Africa Ltd results from the merger of two experienced companies in the securities market, AIB Capital Limited and Apex Africa Capital Limited.
The company provides its clients with a wide range of services, including corporate finance, deposit taking, asset management, corporate services, wealth management, brokerage, and asset financing.
The AXYS Group is headquartered in Mauritius and has subsidiaries in Switzerland, UAE, and Hong Kong.
AIB-AXYS Africa is poised to become a leading force in the African securities market with its strong foundation and commitment to excellence.
7. Genghis Capital Ltd – A world-class Investment Provider:
Founded in 2008, Genghis Capital is a customer-focused investment solutions provider licensed by the Capital Markets Authority (CMA) and the Retirement Benefits Authority (RBA).
The company started as a stock brokerage firm but has since expanded its product offerings to include: Research, Corporate Finance, Wealth Management, and Asset Management.
Genghis Capital prides itself on its innovative approach to investing, and its team of experienced professionals is dedicated to providing superior service to clients.
In addition to its CMA and RBA licenses, Genghis Capital is also a Nairobi Securities Exchange (NSE) member.
8. Kingdom Securities Limited
Kingdom Securities Limited is a subsidiary of the Co-operative Bank of Kenya Limited, which has the third-largest asset base in Kenya.
The company was incorporated in 2009 and has provided quality financial services to its clients for over 13 years.
KSL specializes in online share trading, brokerage, advisory services, and transfer immobilization.
The company is a Nairobi Securities Exchange (NSE) member and is licensed by the Capital Markets Authority (CMA).
KSL is one of the few securities firms that are 100% locally owned. KSL prides itself on its customer service and has a team of dedicated professionals who are always available to offer advice and support.
9. Dyer and Blair Investment Bank:
It is one of the oldest stockbrokers in Kenya, established in 1954. The firm is a founding member of the Nairobi Securities Exchange (NSE) and later the Uganda Securities Exchange (USE).
It also played a role in the Rwanda Stock Exchange establishment in 2011. For close to 25 years, from 1966, Dyer and Blair was the only firm responsible for compiling the NSE 17 Share Index until the NSE Secretariat took over in 1990.
The firm is also one of the few stockbrokers in Kenya registered and licensed by the Capital Markets Authority (CMA).
Dyer & Blair Investment Bank is headquartered in Goodman Tower, off Waiyaki Way, Nairobi, with branch offices in Kampala and Kigali.
10. Faida Investment Bank
Founded in 1995, Faida Investment Bank is one of the earliest entrants into Kenya’s investment banking space.
Faida Investment bank is licensed by the Capital Markets Authority (CMA) as a stockbroker and dealer in securities.
The bank offers a wide range of investment banking products and services, including Online share trading, Brokerage services, Corporate finance advisory, Markets and Institutional research, Asset management, and private equity.
The bank has a strong team of experienced professionals who are always available to advise and support clients.
Stockbrokers in Kenya Round up:
If you’re looking for a reliable and experienced stockbroker in Kenya, you can’t go wrong with any of the firms on this list.
These companies are licensed by the Capital Markets Authority (CMA) and have a proven track record of providing quality services to their clients.
When choosing a stockbroker, it’s essential to consider your individual needs and objectives.
Some firms on this list offer a wide range of services, while others specialize in areas such as online share trading or asset management.
Whatever your requirements, you can be sure that there’s a stockbroker in Kenya that can meet your needs.
So, don’t hesitate to contact one of these firms today and start growing your investment portfolio.