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List of licensed and approved stockbrokers in Kenya by Capital Market Authority.

Stockbrokers are professionals who buy and sell stocks, bonds, and other securities on behalf of their clients. They act as intermediaries between buyers and sellers in the stock market, and they earn commissions or fees on the trades they execute.

Stockbrokers are typically licensed by regulatory bodies and must pass certain exams to demonstrate their knowledge of securities laws, regulations, and trading practices. They may work for brokerage firms, investment banks, or other financial institutions, or they may be independent contractors.

In addition to executing trades, stockbrokers may also provide investment advice and guidance to their clients. They may recommend particular stocks or other securities, and they may help clients develop investment strategies based on their financial goals and risk tolerance.

Overall, stockbrokers play an important role in the functioning of the financial markets and in helping individual investors navigate the complexities of the stock market.

There are several stockbrokers operating in Kenya. Here is list of licensed and approved stockbrokers by Capital Market Authority as of December 21, 2022:

ABC Capital

ABC Capital has been a member of the Nairobi Stock Exchange since its inception in 1954. Therefore, the share a rich heritage in the fortunes of the leading stock exchange in the Eastern Africa region.

The brokerage was acquired by African Banking Corporation Limited (ABC Bank), an award winning commercial bank that offers a variety of financial solutions tailored to meet its customers’ needs.

ABC Capital is licensed by the Capital Markets Authority (CMA) under license no 013.

AIB-AXYS Africa Limited

AIB-AXYS Africa Ltd is the fusion of two established companies: AIB Capital Limited and Apex Africa Capital Limited, both with over 25 years of experience in the Securities market.

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AIB-AXYS Africa forms part of AXYS Group which is based in Mauritius with subsidiaries in Switzerland, UAE, and Hong Kong. The group has more than two decades of specialist experience in financial services.

AIB-AXYS Africa Ltd is licensed by the Capital Markets Authority (CMA) under license no 141.

Francis Drummond and Company Limited

Francis Drummond and Company Limited (FD) is a specialized stock brokerage service provider. It is a pioneer Member of the Nairobi Securities Exchange and has been in existence since 1949.

FD is one of the oldest members of the Nairobi Securities Exchange (NSE).

Francis Drummond and Company Limited is licensed by the Capital Markets Authority (CMA) under license no 016.

Kingdom Securities Limited

Kingdom Securities Limited (KSL) is a subsidiary of the Co-operative Bank of Kenya Limited, the third largest bank in terms of asset base in Kenya.

The bank acquired 60% controlling interest in Bob Mathews and is now trading as Kingdom Securities Limited (KSL). It formally started operations on June 11th, 2009, and is supported by a strong distribution network of 162 Co-op Bank branches nationwide.

Kingdom Securities Limited (KSL) is licensed by the Capital Markets Authority (CMA) under license no 018.

Old Mutual Securities Limited

Old Mutual Securities Ltd is a subsidiary of Old Mutual Kenya, a leading financial services group in Kenya that offers a range of investment, insurance, and banking products and services to individuals and businesses.

Old Mutual Securities Ltd is a licensed stockbroker and investment bank that provides a range of investment services, including trading in equities, bonds, and other securities, as well as investment advisory and research services to individual and institutional clients.

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Kingdom Securities Limited (KSL) is licensed by the Capital Markets Authority (CMA) under license no 020.

Suntra Investments Limited

Suntra investments Ltd is licensed by Capital Markets Authority (CMA) and we are a member of the Nairobi Securities Exchange (NSE).

Suntra is also authorized Central Depository Agent (CDA) of Central Depository & Settlement Corporation (CDSC) and a member of the Kenya Association of Stockbrokers and Investment Banks (KASIB).

Suntra investments Ltd is licensed by the Capital Markets Authority (CMA) under license no 022.

Securities Africa Kenya Limited

Securities Africa Kenya Limited (SAKE) is a private company incorporated in Kenya in 2009. It is part of the larger securities Africa Group with affiliates in South Africa, Nigeria, and Bermuda.

Securities Africa has built relationships with cross‐border trading partners to access other markets more effectively these include all countries on the African continent that have a recognized stock exchange.

Securities Africa Kenya Limited is licensed by the Capital Markets Authority (CMA) under license no 100.

EFG Hermes Kenya Limited

EFG Hermes Kenya Limited is a subsidiary of EFG Hermes, a leading financial services corporation in the Middle East and North Africa (MENA) region. It has a presence in 12 countries across the world.

EFG Hermes Kenya was established in 2017 and is licensed by the Capital Markets Authority (CMA) of Kenya to offer a range of financial services including investment banking, asset management, securities brokerage, and research.

EFG Hermes Kenya Limited is licensed by the Capital Markets Authority (CMA) under license no 105.

Kestrel Capital (East Africa) Limited

Kestrel Capital (East Africa) Limited provides investment banking services, including securities trading, asset management, corporate finance, and advisory services to clients in East Africa.

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Kestrel Capital was founded in 1994.

Kestrel Capital (East Africa) Limited is licensed by the Capital Markets Authority (CMA) under license no 136.

SPK Investment Services Limited

Kestrel Capital (East Africa) Limited is licensed by the Capital Markets Authority (CMA) under license no 176.

Key takeaway

These are just a few examples of the stockbrokers in Kenya. It’s important to do your research and choose a broker that fits your investment needs and objectives.

Brokerage firm must be licensed and regulated by the Capital Markets Authority (CMA) to operate legally. It’s important to ensure that the firm you are dealing with is properly licensed.

Brokerage firms in Kenya typically charge fees and commissions for their services. These fees can vary depending on the services offered and the amount of money being invested.

 

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