If you’re looking to trade on the Nairobi Securities Exchange (NSE), it’s crucial to engage a CMA-licensed stockbroker a regulated intermediary authorized to buy and sell shares, bonds, and mutual funds on your behalf. Beyond transaction execution, these brokers offer market insights, investment advice, and portfolio support. As of 2024–2025, Kenya has ten fully licensed firms operating under CMA oversight.
The Role of CMA in Licensing
The Capital Markets Authority (CMA) is the statutory body responsible for licensing and supervising capital market intermediaries including stockbrokers. Licensing requires compliance with regulations, safeguarding client assets, and transparency in operations, ensuring investor protection and market integrity.
List of Licensed Stockbrokers in Kenya
Below is the complete list of CMA-authorized stockbrokers, along with their addresses and contact information
- ABC Capital
5th Floor, IPS Building, Nairobi
Tel: +254 20 2246036 - AIB‑AXYS Africa Limited
The Promenade, 5th Floor, General Mathenge Drive, Westlands, Nairobi
Tel: 0711 047 000 | Email: [email protected] - Francis Drummond & Company Limited
Hughes Building, Kenyatta Avenue, Nairobi
Tel: 0724 256 815 - Kingdom Securities Limited
Cooperative House, Haile Selassie Avenue, Nairobi
Tel: 0711 049 039 / 0703 027 000 / 020 277 6000 - Old Mutual Securities Limited
IPS Building, Kimathi Street, Nairobi
Tel: 020 224 1408 - Suntra Investments Limited
7th Floor, Nation Centre, Kimathi Street, Nairobi
Tel: 0724 257 024 / 0733 222 216 - Securities Africa Kenya Limited
The Mirage Towers, Tower 2, Mezzanine 2, Nairobi
Tel: 020 7605 650 / 0735 571 530 - EFG Hermes Kenya Limited
8th Floor, Orbit Place, Westlands Road, Nairobi
Tel: 020 3743 040 - Kestrel Capital (East Africa) Limited
2nd Floor, Orbit Place, Westlands Road, Nairobi
Tel: 020 2251 758 / 0722 205 897 - SPK Investment Services Limited
Nairobi (contact details not publicly disclosed)
These ten firms represent Kenya’s officially licensed stockbroker pool, covering retail, institutional, and advisory services.
Services Offered by Stockbrokers
- Execution of buy and sell orders on the NSE
- Investment advisory and research reporting
- Portfolio management and wealth planning
- Access to IPOs, bonds, unit trusts, and derivatives where applicable
Licensed stockbrokers are required to maintain regulatory compliance, segregate client assets, and provide transparent pricing and reporting.
How to Choose a Stockbroker
| Criteria | Why It Matters |
|---|---|
| Regulatory Status | Ensures legitimacy and CMA oversight |
| Fees & Charges | Look into commission structures and service fees |
| Trading Platforms | Check usability of online, mobile, or offline tools |
| Research Quality | Access to market insights and investment analysis |
| Customer Support | Responsiveness and communication channels |
| Expertise Area | Institutional vs retail focus, corporate finance |
For example, firms like DKestrel, Suntra, AIB‑AXYS, and Kingdom Securities provide a range of advisory and execution services tailored to diverse client needs.
Reputable Brokers Beyond the Core Ten
While the CMA report lists ten, other respected players include:
- Dyer & Blair Investment Bank, one of Kenya’s oldest brokers, active since 1954.
- NCBA Investment Bank, Genghis Capital, Faida Investment Bank, and others, which operate primarily as investment banks but also offer brokerage and advisory services through NSE membership.
These firms are also authorized and meet CMA compliance standards.
CMA Contact Details
If you need to verify licensing or lodge a complaint:
- Address: Embankment Plaza, 3rd Floor, Longonot Road, Upperhill, Nairobi
- Phone: +254 722 207 767 / +254 20 226 4000
- Email: [email protected]c
