There are many banks in Kenya, both private and commercial. One can buy and sell shares through most investment banks in Kenya using M-PESA. You will also notice that these investment banks are among the top banks in Kenya.
Moreover, most Kenyan banks are offering new digital products. This is mostly driven by the strong competition from mobile money platforms – Mpesa and Equitel are by far the most popular. The following is a full list of investment banks in Kenya.
These investment banks in Kenya are regulated by the Capital Markets Authority and Nairobi Securities Exchange. Most investment banks in Kenya are also stockbroking firms. Stockbroking refers to the buying and selling of shares and securities on behalf of clients, over the counter or through stock exchange. All stock brokers earn a commission fee.
To trade in stocks one had to hire an expensive stock broker and be granted access to the stock market. With the Internet and the onset of mobile money payment systems such as Mpesa, anyone can now make money through these investment banks in Kenya.
List of Investment Banks in Kenya
One of the first investment banks in Kenya to use mobile technology, MPESA transfers and online trading was AIB Capital LTD. The Kenyan investment bank gets to start off the list.
AIB CAPITAL LTD (Formerly Afrika Investment Bank)
AIB Capital launched the first interactive mobile share trading platform in 2012. The platform, AIB Mobile uses mobile technology for users to buy and sell shares, monitor their accounts and use mobile money to top up. Clients deal with the investment bank directly, hence do not worry about sharing their financial information with third parties.
Equity Bank is one of the biggest and most profitable commercial banks in Kenya. Equitel is one of their most popular products. To buy and sell shares via Equity Bank, you just need to open a Central Depository System (CDS) Account, and have an Equity Bank Account. CDS forms are downloaded for free, after which you fill and sign the forms. Even foreigners can invest in the Nairobi Stock Market directly without stepping foot in Kenya, through Equity investment banking.
ABC Bank/ ABC Capital
ABC Capital investment bank has been a member of the Nairobi Securities Exchange (NSE KENYA) since 1954. The stock broker provides advice and guidance on investing in the Kenyan capital markets. Get corporate finance, stock brokerage and portfolio management at ABC Capital. The ABC group is comprised of ABC Bank, ABC Capital Bank and ABC Insurance.
African Alliance Kenya Investment Bank
African Alliance banking group operates across Africa. The investment bank is one of the best research companies in Africa. African Alliance has operations in stockbroking, asset management, corporate finance, research and private equity. The investment banking group also has interests in energy and minerals sectors.
Apex Africa Capital Ltd
Apex Africa Capital Ltd is one of the leading investment banks in Kenya. The bank has been operating as an investment bank in Kenya since October, 2002. Apex Africa Capital LTD deals with the buying and selling of equities at the NSE, and trading in both primary and secondary market bonds (government and corporate bonds).
Faida Investment Bank
Just like most investment banks in Kenya, Faida Investment Bank deals with the Nairobi Stock Exchange buying and selling of shares and securities. Consequently, the investment bank offers services for investors interested in trading in securities issued by the government and public quoted companies. It is very easy to open a Faida Investment Bank account. Downloading the Account Opening Form to get started.
CBA Capital has investment banking solutions and capital raising to meet your business financial needs. In addition to offering financial advice on debt size, pricing, capital structure etc. CBA Capital is involved in initial public offerings (IPOs), rights issues, private equity and debt funding.
Dyer & Blair Investment Bank
Dyer & Blair Investment Bank has vast experience in online trading, investment banking, stock brokerage, asset management and financial research. Founded in 1954, the investment company is one of the six founding members of the Nairobi Stock Exchange – now known as the Nairobi Securities Exchange.
The Central Bank of Kenya (CBK)
The Central Bank of Kenya offers investment options with Treasury bills and Treasury bonds. The CBK also formulates all Kenyan monetary policies and promotes price stability. It issues currency among other functions. An investor can lend money to the Kenyan government for a period of up to one year by buying CBK Treasury bills. The minimum you can invest is Ksh 100,000 for Treasury Bills. Treasury Bonds are long-term in nature and are available for a minimum of Ksh 50,000.
NIC Bank Kenya operates across the Nairobi Capital Market, Insurance, Commercial banking, SME banking, personal loans, mortgages etc. Their Treasury Division will take care of your foreign exchange needs. NIC Bank is a leader in mobile banking and online banking. As a result, Kenyans can easily transfer money from MPESA to their NIC Account. Additionally, one can pay utility bills such as Nairobi Water, KPLC bill (electricity) and buy airtime using the NIC bank account.
Other Investment Banks in Kenya
Investing in the NSE is a very profitable venture if you join a good investment bank. Other investment banks in Kenya include:
Standard Investment Bank
Suntra Investment Bank
Bank of India
Bank of Commerce
Commercial Bank of Africa
Consolidated Bank of Kenya
Cooperative Bank of Kenya
Development Bank of Kenya
Diamond Trust Bank
Equatorial Commercial Bank
First Community Bank
Giro Commercial Bank
Gulf African Bank
Investment & Mortgages Bank
Jamii Bora Bank
Kenya Commercial Bank
Middle East Bank
National Bank of Kenya
National Industrial Credit Bank
Oriental Commercial Bank
Paramount Universal Bank
Standard Chartered Bank
Trans National Bank Kenya
United Bank for Africa
Victoria Commercial Bank
Francis Drummond & Company
Old Mutual Securities
Renaissance Capital (Kenya)
These investment banks in Kenya raise capital for clients. They also act as middlemen between the public and companies selling shares/ new securities. During mergers and acquisitions, investment banks advise both the buyers and sellers in matters of valuation, pricing, negotiations, procedures to follow and oversee the transactions.
Notice that the list is dominated by the big commercial banks in Kenya, including Equity Bank, Standard Chartered Bank, Cooperative Bank of Kenya and Barclays Bank. These are among the top banks in Kenya. However, a few investment groups have run into financial problems, so you are advised to do sufficient research before investing your money with any company on this list of investment banks in Kenya.