Explore a comprehensive list of the Best Stock Brokerage Firms in Kenya, including investment banks and stockbrokers in Kenya. Find contact details, locations, and websites for seamless investing in the Kenyan market.
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Best Stock Brokerage Firms in Kenya 2024
The Nairobi Stock Exchange (NSE) is the primary stock exchange in Kenya, offering a platform for trading shares, bonds, and other financial instruments. Whether you’re a seasoned investor or just starting out, working with the right stockbroker is essential for a smooth and successful trading experience. Here’s a detailed guide to the top NSE brokers, with their contacts to help you make informed decisions.
1. Dyer & Blair Investment Bank Ltd
Dyer & Blair Investment Bank is one of Kenya’s oldest investment banks, offering a range of financial services including stock brokerage, investment advisory, and asset management. They are known for their expertise in the Nairobi Stock Exchange and have a wide range of clients across the country.
Contact Information:
Goodman Tower, 7th floor
P.O. Box 45396 00100
Phone: 0709930000
Email: shares@dyerandblair.com
Website: www.dyerandblair.com
2. Francis Drummond & Company Limited
With a legacy spanning over 70 years, Francis Drummond & Company Limited is another well-respected brokerage firm in the Nairobi Stock Exchange. Their services include stockbroking, wealth management, and financial advisory.
Contact Information:
Finance House, 14th Floor, Loita Street (Opposite GPO Kenyatta Avenue)
P.O. Box 45465 00100
Phone: 318690/318689
Email: info@drummond.co.ke
Website: www.drummond.co.ke
3. Ngenye Kariuki & Co. Ltd. (Under Statutory Management)
Ngenye Kariuki & Co. Ltd. has a strong reputation for offering quality stock brokerage services, although they are currently under statutory management. They continue to provide services to investors looking for opportunities in the Kenyan market.
Contact Information:
Corner House, 8th floor
P.O. Box 12185-00400
Phone: 224333/2220052/2220141
Email: ngenyekari@wananchi.com
Website: www.ngenyestockbrokers.co.ke
4. Suntra Investment Bank Ltd
Suntra Investment Bank is known for its dynamic and innovative approach to investment banking, offering a variety of services such as stock trading, bond trading, and financial advisory.
Contact Information:
Nation Centre, 7th Floor
P.O. Box 74016-00200
Phone: 2870000 / 247530 / 2223330 / 2211846
Email: info@suntra.co.ke
Website: www.suntra.co.ke
5. Old Mutual Securities Ltd
Old Mutual Securities Ltd is part of the larger Old Mutual Group, providing a secure platform for trading on the Nairobi Stock Exchange. They offer top-notch brokerage services and investment advice.
Contact Information:
UAP Old Mutual Tower, 3rd Floor, Upperhill
P.O. Box 50338 – 00200 Nairobi
Phone: 2241379/2241408
Mobile: 0702909091/2, 0731001206/39
Email: omsclientservice@oldmutualkenya.com
Website: www.uapoldmutual.com
6. SBG Securities Ltd
SBG Securities, a part of CfC Stanbic Holdings, provides expert trading services on the NSE. They offer comprehensive financial services, including brokerage and portfolio management.
Contact Information:
CfC Stanbic Centre, 58 Westlands Road
P.O. Box 47198 – 00100
Phone: 3638900
Email: sbgs@stanbic.com
Website: www.sbgsecurities.co.ke
7. Kingdom Securities Ltd
Kingdom Securities, a subsidiary of Cooperative Bank, focuses on stock brokerage and investment banking. They provide seamless and professional services to both retail and institutional investors.
Contact Information:
Co-operative Bank House, 5th Floor
P.O Box 48231 00100
Phone: +254711049039, +254711049195, +254711049956, +254711049657
Email: info@kingdomsecurities.co.ke
Website: www.kingdomsecurities.co.ke
8. AIB-AXYS Africa
AIB-AXYS Africa is a full-service investment bank offering a range of financial services, from brokerage to asset management, to help clients make the most of the Nairobi Stock Exchange.
Contact Information:
The Promenade 5th Floor, General Mathenge Drive, Westlands
P.O. Box 43676-00100
Phone: +254-020-7602525 / 0202226440
Email: info@aib-axysafrica.com
Website: www.aib-axysafrica.com
Related: How to Open a Shares CDS Account in Kenya
9. ABC Capital Ltd
ABC Capital Ltd is a leading brokerage firm in Kenya, providing stockbroking and other financial services to local and international investors.
Contact Information:
Mezzanine, ABC Bank House, Woodvale Grove, Westlands
P.O. Box 34137 GPO 00100 Nairobi
Phone: (+254 20) 2246036, 2242534, 316143, 2241142, 2241046, 2241148
Email: customercare@abccapital.co.ke
10. Sterling Capital Ltd
Sterling Capital is an established investment bank offering various services, including stock brokerage and financial advisory, tailored to meet the needs of both retail and institutional investors.
Contact Information:
Delta Corner Annex building – 5th Floor, Ring Road
P.O. Box 45080-00100
Phone: 2213914 / 244077 / 0723153219 / 0734219146
Email: info@sterlingib.com
Website: www.sterlingib.com
11. NCBA Investment Bank
Part of the NCBA Group, NCBA Investment Bank provides excellent stock trading services and investment solutions. Their integrated services cater to retail, institutional, and high-net-worth clients.
Contact Information:
3rd Floor, NCBA Annex, Hospital Road, Upper Hill
P.O. Box 44599-00100
Phone: +254 20 2884444
Email: contact@ncbagroup.com
Website: www.ncbagroup.com
12. Genghis Capital Ltd
Genghis Capital is a renowned stockbroker in Kenya, providing a wide range of services such as securities trading, wealth management, and financial advisory.
Contact Information:
1st Floor, Purshottam Place, Westlands Road
P.O. Box 9959-00100
Phone: +254 730145000
Email: info@genghis-capital.com
Website: www.genghis-capital.com
13. Faida Investment Bank Ltd
Faida Investment Bank has been serving Kenyan investors for over 20 years, offering professional services in stock brokerage, investment advisory, and research.
Contact Information:
Crawford Business Park, Ground Floor, State House Road
P.O. Box 45236-00100
Phone: +254-20-7606026-35
Email: info@fib.co.ke
Website: www.fib.co.ke
14. Kestrel Capital (EA) Limited
Kestrel Capital is one of the largest stock brokerage firms in Kenya, serving both retail and institutional investors with a wide range of financial services.
Contact Information:
2nd Floor, Orbit Place, Westlands Road
P.O. Box 40005-00100
Phone: 251758 / 2251893 / 2251815
Email: info@kestrelcapital.com
Website: www.kestrelcapital.com
15. Standard Investment Bank Ltd
Standard Investment Bank is one of the leading brokerage firms in Kenya, offering innovative trading solutions and financial advice to both individual and institutional investors.
Contact Information:
16th Floor, JKUAT Building, Kenyatta Avenue
Phone: +254(0) 20 2277 000
Email: clientservices@sib.co.ke
Website: www.sib.co.ke
16. African Alliance Kenya Investment Bank
African Alliance offers a variety of stock brokerage services. With years of experience, they are a key player in the Nairobi Stock Exchange.
Contact Information:
P.O. Box 27639, 00506 Nairobi
Phone: +254 (20) 2762000
Website: www.africanalliance.com
17. KCB Capital
As part of the KCB Group, KCB Capital provides a solid platform for stock trading and investment. They offer personalized services to their clients, making them a popular choice among investors.
Contact Information:
Kencom House, 2nd Floor
P.O. Box 48400-00100
Phone: +254 711 012 000
Email: investmentbanking@kcb.co.ke
Website: www.kcb.co.ke
FAQs on Best Stock Brokerage Firms in Kenya 2024
1. Who are the best stock brokers in Kenya?
Some of the top Nairobi Stock Exchange (NSE) brokers include Dyer & Blair Investment Bank, Faida Investment Bank, Kestrel Capital, AIB-AXYS Africa, and Suntra Investment Bank. These brokers are known for their professional services, investment advice, and strong market presence.
2. How much do stock brokers charge in Kenya?
Stockbrokers in Kenya charge a commission that ranges between 1.5% and 2.1% per transaction for retail investors. This rate may vary depending on the broker and the size of the transaction. Some brokers may also have additional fees for account management or data access.
3. How to buy shares in Nairobi Stock Exchange?
To buy shares on the Nairobi Stock Exchange (NSE), follow these steps:
- Open a Central Depository System (CDS) account with a registered stockbroker or investment bank.
- Deposit funds into your CDS account.
- Choose the shares you want to purchase, either through your broker’s trading platform or by directly contacting them.
- Confirm your transaction and monitor your investments through the CDS.
4. Is KCB a stock broker?
KCB is primarily a commercial bank, but it offers stock brokerage services through its subsidiary, KCB Capital Ltd. Investors can buy and sell shares on the NSE through KCB Capital.
5. How should a beginner invest in stocks in Kenya?
Beginners should:
- Start by opening a CDS account with a licensed stockbroker.
- Research companies listed on the NSE and diversify across sectors.
- Invest small amounts in blue-chip stocks like Safaricom, Equity Bank, and KCB.
- Seek advice from financial advisors or brokers to make informed decisions.
- Have a long-term strategy and regularly monitor your portfolio.
6. Can I buy shares in Safaricom?
Yes, you can buy Safaricom shares through any licensed stockbroker or investment bank in Kenya. Safaricom is one of the most popular and profitable stocks on the Nairobi Stock Exchange (NSE).
7. Where can I invest and earn daily in Kenya?
While stock markets do not typically offer daily returns, you can earn daily income through other avenues such as money market funds, real estate (rental income), or government securities. For stocks, earnings come from dividends or selling shares at a higher price, which may take time.
8. How much are KCB shares?
The price of KCB shares fluctuates based on market conditions. You can check the current share price on the NSE website or through your broker’s platform. As of recent data, KCB shares are typically priced between Ksh 35 to Ksh 45, but this may change.
9. How can I buy shares in KCB?
To buy KCB shares:
- Open a CDS account with a licensed stockbroker.
- Deposit funds into your account.
- Request your broker to purchase KCB shares on your behalf or use their online trading platform.
10. What is the minimum amount to buy shares in Kenya?
The minimum amount to buy shares in Kenya is the cost of 100 shares (1 lot), as per NSE rules. The total amount will depend on the current share price of the stock you’re buying. For example, if a share is priced at Ksh 10, you will need at least Ksh 1,000 to invest.
11. Which is the best company to invest in shares in Kenya?
Some of the best companies to invest in on the Nairobi Stock Exchange (NSE) include:
- Safaricom
- KCB Group
- Equity Bank
- EABL (East African Breweries Limited) These companies have strong financial performance and growth potential.
12. Which is the best bank to buy shares in Kenya?
Top banks to buy shares from in Kenya include:
- KCB Group
- Equity Bank
- Co-operative Bank These banks have a stable dividend history and a significant market presence.
13. Which is the best trading broker in Kenya?
Some of the best trading brokers in Kenya include Dyer & Blair Investment Bank, AIB-AXYS Africa, Faida Investment Bank, and Kestrel Capital. These brokers are known for their reliability, customer service, and advanced trading platforms.
14. Does KCB pay dividends?
Yes, KCB regularly pays dividends to its shareholders, usually on an annual basis. The amount varies depending on the bank’s profitability for the year.
15. Who are stock brokers in Kenya?
Stockbrokers in Kenya are licensed firms that facilitate the buying and selling of shares on the NSE. Some of the well-known brokers include Suntra Investment Bank, Kingdom Securities, and Sterling Capital.
16. What is the difference between stock broker and financial broker?
A stockbroker specializes in buying and selling shares and other securities on a stock exchange, while a financial broker may offer a wider range of financial services, including insurance, real estate, loans, and asset management.
17. Who is the best stock broker company?
The best stock broker company depends on your needs. Kestrel Capital, Faida Investment Bank, and AIB-AXYS Africa are considered top choices for their excellent customer service, diverse product offerings, and strong market presence.
18. How do I open a stock trading account in Kenya?
To open a stock trading account:
- Choose a licensed stockbroker.
- Provide your ID, KRA PIN, and proof of address.
- Open a CDS account, which will hold your shares.
- Deposit funds and start trading through your broker’s platform or by contacting them directly.
19. How much is one Safaricom share?
The price of one Safaricom share fluctuates, but it typically ranges between Ksh 25 to Ksh 35. You can check the latest share price on the NSE website or through your broker.
20. Which stock is best for beginners?
For beginners, blue-chip stocks like Safaricom, KCB, Equity Bank, and EABL are recommended. These companies are financially stable, have growth potential, and regularly pay dividends.
21. What is the minimum money to invest in stock?
The minimum money needed to invest in the stock market is determined by the price of 100 shares (one lot). If a share is priced at Ksh 10, you will need at least Ksh 1,000 to start investing.
22. Where to invest Ksh 50,000 in Kenya?
With Ksh 50,000, you can consider investing in:
- Blue-chip stocks on the NSE, such as Safaricom or KCB.
- Money market funds for daily interest earnings.
- Real estate investments or SACCOs for long-term growth.
Related: A beginner’s guide to buying shares in Kenya
Final Thoughts on Best Stock Brokerage Firms in Kenya 2024
The Nairobi Stock Exchange (NSE) provides a wide array of brokers that cater to different types of investors. Whether you’re looking for investment advice or stockbroking services, these top brokerage firms offer professional and reliable services to help you grow your wealth in the Kenyan market.
