Most probably you have consumed the services of a traditional bank. Maybe you have ever banked a check, withdrew money, or got a loan. By and large, you are familiar with how it works.
However, do you know an investment bank? If you were to take a wild guess, you may say it is just like the bank at the corner you are used to dealing with. But this is not the case.
An investment bank is a financial institution that works in corporate finance. They help private companies launch initial public offerings (IPOs), access capital markets (stocks and bonds), help pension funds and mutual funds in investing among many other things.
For a practical example picture this: Safaricom wants to expand its network and switch to 5G. It needs $1 billion for expansion and resolves to float a bond to get the money.
To handle this complex process, an investment bank will be called upon to offer its services. Their work will be to find buyers for the bond, handle all the paperwork, and ensure the company acquires the targeted capital. In a nutshell, this is what an investment bank does.
So, which are the top investment banks in Kenya? In alphabetical order:
1) African Alliance Kenya Investment
Part of Africa Alliance group, this investment bank serves national governments, municipalities, parastatals, pension funds and large to the medium-sized public, and private companies. It provides services in asset management, corporate finance, stock broking, research, private equity, and third-party administration.
Asset management office
Physical Address
4th floor
Kenya Re Towers
Upperhill Off Ragati Road
PO Box 27639-00506
Nairobi, Kenya
Phone number: +254 709 997000
Fax: +254 20 271 0247
Email: info@africaalliance.com
Securities office
Physical Address
1st Floor Wing B
Transnational Plaza
Mama Ngina Street
PO Box 27639-00506
Nairobi, Kenya
Phone number: +254 703 057000
Email: info@africaalliance.com
2) CBA Capital
It is a subsidiary of the Commercial Bank of Africa Limited. It provides expert advice on corporate finance to governments, institutions, and corporations. One of its main services is capital rising where they advise customers on optimal capital structure, debt size, timing, and pricing.
Physical Address
Commercial Bank of Africa
Mara and Ragati Roads, Upperhill
Phone number: +254 20 2884444
Mobile: +254 711 05644 /+254 732 156444
Fax: +254 20 2734616
Email: iqueries@cba.co.ke
3) Dyer & Blair Investment Bank
This investment bank executed the $840 Million Safaricom IPO. Its core functions are in corporate finance and advisory services. It strives to be trusted advisors to their clients. They serve key sectors including financial institutions, agribusiness, industrials, consumer/retail, energy, utilities, infrastructure, telecommunications, and technology.
Nairobi Office
Physical Address
7th Floor, Goodman Tower, off Waiyaki Way
Postal address: P.O. Box 45396 – 00100
Nairobi, Kenya
Phone number: +254 (709) 930 000
Email: research@dyerandblair.com
Mombasa Office
Physical Address
HFCK Permanent Building Moi Avenue
Postal address: P.O. Box 45396 – 00100
Phone number: +254 (709) 930301/ +254 (709) 930302
Email: shares@dyerandblair.com
4) Equity Investment Bank
This investment bank is a subsidiary of Equity Group Holdings Limited. It specializes in capital raising, structured finance, equities, and fixed income.
Physical Address
Ground Floor, Equity Centre
Hospital Road, Upperhill
P.O.Box 75104-00200
Nairobi, Kenya
Tel: 2262000
Mobile: +254 711026000/ +254 732112030
Email: info@equityinvestment.co.ke
5) Faida Investment Bank
This investment bank started as a securities and brokerage firm in 1995. In December 2007, it transitioned into an investment bank. It has branches in both Nairobi and Kigali.
Its aim is to link investors with opportunities that will lead to wealth creation. Faida also has a strong research department that releases weekly reports, industry reports, and macroeconomic reports.
Head Office
Crawford Business Park,
State House Rd, Nairobi Kenya
020 7606026-37
WhatsApp: +254 743 552341
info@fib.co.ke
Nairobi Office
Windsor House, 1ST floor
Along University Way
Telephone: 020 2243811 – 3
Mobile: 0733 243 811/ 0724 721 014
WhatsApp: +254 743 552341
info@fib.co.ke
6) Genghis Capital
It started as a stock brokerage firm in 2008. Later, in August 2016, it was acquired by Overtime Capital Limited and became a fully-fledged investment bank. Its services include asset management services, corporate finance, mergers and acquisitions, equity capital markets, and offering business advice.
Physical Address
1 st Floor, Purshottam Place, Westlands Road, Nairobi.
P.O BOX 9959-00100
Nairobi, Kenya
Phone: +254 709 185 000
Email: info@genghis-capital.com
7) Kingdom Securities
In 2009, the Co-operative Bank of Kenya Limited bought 60% of Bob Mathews Stockbrokarage for 150 million shillings. It later rebranded into Kingdom Securities Limited (KSL), and formally started operations on June 11th, 2009.
It is supported by the distribution network of 140 Co-op Bank branches nationwide.
It assists firms to raise capital through the stock market.
Physical Address
Co-Operative Bank House 5th Floor
Haile Selassie Avenue
P.O. Box 48231 – 00100 NAIROBI
Tel. 020-2776000, 0703027000
KSL Direct Line: +254 711049039
Email: info@kingdomsecurities.co.ke
8) NIC Capital
It is a subsidiary of NIC Bank. It was established in 2006 when directors of NIC Bank resolved to have an Investment Bank which would support the growing financial needs of Kenyan and East African corporates. Some of its clients are Centum Investment, Longhorn Publishers, Precision Air, KaluWorks among many others.
Physical Address
Ground Floor, NIC House, Masaba Road, Upperhill,
P.O. Box 44599-00100
Nairobi, Kenya
Telephone: +254 (20) 2888217
Mobile: +254 (711)041 111/ +254 (732)041 111
Email: nic-capital@nicgroup.com
9) Standard Investment Bank
It is one of the largest investment banks in Kenya. It has a proven record in implementing large and complex transactions for both local and foreign investors. Its client base boosts of governments, corporations, fund managers, retail investors, financial institutions, and high-net-worth individuals.
Physical Address
ICEA Building, 16th Floor Kenyatta Avenue
P.O. Box13714-00800
Nairobi, Kenya
Telephone: 2220225/2228963/7/9
Email: info@sib.co.ke
10) Renaissance Capital (Kenya)
Renaissance Capital has operations in Africa, the Americas, Europe, Middle East, North Africa, Russia, and CIS. In Kenya, the firm offers equity and debt capital markets, M&A, global markets including equity and equity derivatives, fixed income, FX and IR derivatives, commodities, REPO, financing, as well as research and prime brokerage.
Physical Address
10th Floor, Pramukh Tower
Westlands Road, Westland’s
Telephone: +254 (20) 368-2000
Email: info@rencap.com
Other top investment banks in Kenya are ABC Capital, Afrika Investment Bank, Apex Africa Capital, Hakuna Ventures, Francis Drummond & Company, Old Mutual Securities, SBG Securities, Sterling Capital, Suntra Investment Bank among many others.
Investment Consulting Services in Kenya
Do you want to learn more on stock-brokerage services in Kenya, Contact Fin-solutions a leading financial, accounting, tax and property consulting firm? The consultancy firm also offers wealth management and research services within the East African Region.
For More Information Contact; info@finsolutions.co.ke, + 254 780216631
