Finance & Investment Legal & Regulatory

Full List of Licensed Stockbrokers in Kenya

AIB-AXYS Africa

Stockbrokers play a crucial role in Kenya’s capital markets by facilitating the buying and selling of financial securities such as stocks, bonds, and mutual funds. They act as intermediaries between buyers and sellers, helping both individual and institutional investors navigate the often complex world of capital markets. Additionally, stockbrokers provide investment advice and strategies tailored to their clients’ financial goals, making them key players in wealth management and portfolio growth.

In Kenya, the Capital Markets Authority (CMA) is responsible for regulating and licensing stockbrokers. The CMA ensures that stockbrokers adhere to strict guidelines and regulatory frameworks designed to protect investors and maintain the integrity of the financial markets. As of 2024, there are ten licensed stockbrokers operating in the country, each providing a wide range of services to support market participants.

What Do Stockbrokers Do?

Stockbrokers in Kenya provide multiple services beyond facilitating stock transactions. Here are some of the key services they offer:

  • Buying and Selling Securities: Stockbrokers execute trades on behalf of their clients, connecting them to the Nairobi Securities Exchange (NSE) and other financial markets.
  • Investment Advice: Brokers provide personalized investment advice, helping investors make informed decisions on which stocks, bonds, or mutual funds to invest in, based on their financial objectives and risk tolerance.
  • Portfolio Management: Some stockbrokers offer portfolio management services, where they actively manage a client’s investment portfolio.
  • Market Research: Brokers provide their clients with detailed market reports, helping them stay informed about the latest trends and potential investment opportunities.
  • Access to Initial Public Offerings (IPOs): Stockbrokers give investors access to IPOs, which can be an attractive investment opportunity for those looking to invest in newly listed companies.

Benefits of Using Licensed Stockbrokers in Kenya

  1. Market Expertise: Licensed stockbrokers possess extensive knowledge of the local and international markets, enabling them to offer valuable insights and advice.
  2. Regulatory Assurance: Working with a licensed stockbroker ensures that your investments are handled in a professional and regulated environment. The CMA sets strict rules to safeguard investors from potential fraud or malpractice.
  3. Wide Range of Services: Beyond stock trading, stockbrokers provide a host of financial services, including bond trading, mutual fund investments, and access to more complex financial instruments like derivatives.
  4. Investor Protection: CMA ensures that all licensed stockbrokers adhere to best practices, providing an additional layer of protection for investors.

Full List of Licensed Stockbrokers in Kenya (2024)

Below is the complete list of licensed stockbrokers in Kenya as of 2024, along with their office locations and contact details:

StockbrokerLocationContacts
1. ABC Capital5th Floor, IPS Building, Nairobi+254 20 2246036
2. AIB-AXYS Africa LimitedThe Promenade, 5th Floor, General Mathenge Drive, Westlands, Nairobi0711 047 000
3. Francis Drummond and Company LimitedHughes Building, Kenyatta Avenue, Muindi Mbingu Street, Nairobi0724 256815
4. Kingdom Securities LimitedCooperative House, Haile Selassie Avenue, Nairobi0711 049039 / 0703 027 000 / 020 277 6000
5. Old Mutual Securities LimitedIPS Building, Kimathi Street, Nairobi020 2241408
6. Suntra Investments Limited7th Floor, Nation Centre, Kimathi Street, Nairobi0724 257024 / 0733 222216
7. Securities Africa Kenya LimitedThe Mirage Towers, Tower 2, Mezzanine 2, Nairobi020 7605 650 / 0735 571 530
8. EFG Hermes Kenya Limited8th Floor, Orbit Place, Westlands Road, Nairobi020 3743040
9. Kestrel Capital (East Africa) Limited2nd Floor, Orbit Place, Westlands Road, Nairobi020 2251758 / 0722 205 897
10. SPK Investment Services LimitedNairobi

Overview of Top Stockbrokers in Kenya

  1. ABC Capital
    • Located in Nairobi’s IPS Building, ABC Capital has long been recognized for its excellence in offering investment banking and stockbroking services in Kenya.
  2. AIB-AXYS Africa Limited
    • This broker, based in Westlands, Nairobi, offers a comprehensive range of stockbroking and financial advisory services, including wealth management for high-net-worth individuals and institutions.
  3. Francis Drummond and Company Limited
    • One of the oldest stockbrokers in Kenya, Francis Drummond continues to provide reliable brokerage services from its offices in Nairobi.
  4. Kingdom Securities Limited
    • A subsidiary of Cooperative Bank, Kingdom Securities is known for its accessibility and offers stockbroking services across Kenya.
  5. Old Mutual Securities Limited
    • As part of the Old Mutual Group, this broker leverages its parent company’s extensive experience in financial services to offer premium stockbroking and investment advisory services.
  6. Suntra Investments Limited
    • Suntra Investments, located in Nation Centre, Nairobi, is a well-regarded broker known for providing a wide range of securities trading services, including bonds and unit trusts.
  7. Securities Africa Kenya Limited
    • Securities Africa is a well-established player offering clients insights into local and international markets. Their offices are located at The Mirage Towers in Nairobi.
  8. EFG Hermes Kenya Limited
    • EFG Hermes is part of a larger pan-African brokerage and investment group, bringing expertise in equities, fixed income, and investment banking.
  9. Kestrel Capital (East Africa) Limited
    • Located on Westlands Road, Nairobi, Kestrel Capital is one of Kenya’s premier stockbrokers with a solid reputation in equities and research.
  10. SPK Investment Services Limited
    • Though details about this broker are limited, SPK Investment Services is duly licensed by the CMA to operate in Kenya’s capital markets.

Contact Details of the Capital Markets Authority

To further ensure investor protection, the Capital Markets Authority (CMA) regulates and supervises the activities of stockbrokers in Kenya. If investors have any queries, concerns, or require more information about licensed stockbrokers, they can contact the CMA:

  • Head Office: Embankment Plaza, 3rd Floor, Longonot Road, off Kilimanjaro Avenue, Upperhill, Nairobi
  • Phone: +254 722 207767 / +254 20 2264000
  • Email: corporate@cma.or.ke

Kenya’s stockbroking sector is highly regulated and dynamic, with stockbrokers providing essential services to both retail and institutional investors. Whether you’re a first-time investor or a seasoned one, using a licensed stockbroker ensures that your trades are conducted securely, with access to a wide range of financial instruments. With the help of these regulated firms, investors can confidently navigate Kenya’s capital markets while protecting their investments.