When it comes to investing in the Kenyan stock market, there are a lot of options to choose from. But with so many companies and sectors to choose from, it can be difficult to know where to start. That’s why we’ve put together a list of the 9 best shares to buy in Kenya and a few tips on picking the right stocks for your portfolio. So whether you’re a seasoned investor or just getting started, this list is a great place to start your research.
1. Safaricom
Safaricom is one of the largest mobile network operators in Kenya, with a subscriber base of over 20 million. The company has a market capitalization of over $5 billion, and its shares are listed on the Nairobi Securities Exchange. Safaricom is the most profitable company in Kenya, with a profit after tax of over $1 billion in 2017.
The company has strong growth prospects due to the increasing penetration of mobile phones and mobile internet in Kenya. Safaricom also diversifies its business into other areas, such as financial services, e-commerce, and enterprise solutions.
Investors looking for exposure to the Kenyan economy should consider buying shares in Safaricom.
2. KCB
Kenya Commercial Bank (KCB) is the largest commercial bank in Kenya. It was founded in 1896 and is headquartered in Nairobi. The bank has a network of over 190 branches and over 1,300 ATMs across Kenya. KCB offers a range of banking products and services, including savings and current accounts, loans, mortgages, credit cards, and investment products.
KCB is a good choice for investors looking for a safe and reliable Kenyan bank with a long history. The bank’s share price has been fairly stable over the past few years, making it a relatively low-risk investment. KCB also offers good dividend yields, making it an attractive option for income-seeking investors.
3. Equity Bank
If you are looking for the best shares to buy in Kenya, then you should consider Equity Bank. Equity Bank is one of the largest banks in Kenya and offers a wide range of financial services. The bank has a strong presence in both the retail and corporate banking sectors. Equity Bank is also one of the most profitable banks in Kenya.
Some of the reasons why you should consider buying shares in Equity Bank include:
- The bank has a strong track record of profitability.
- The bank has a wide network of branches and ATMs across Kenya.
- The bank offers a wide range of financial products and services.
- The bank has a good reputation for customer service.
- The bank’s share price is relatively low compared to its peers.
4. National Bank of Kenya
Kenya’s National Bank is one of the top banks in the country. The bank strongly focuses on providing excellent customer service, and its products and services are some of the best in the market. The bank’s shares are a great investment for anyone looking to get involved in the Kenyan stock market.
5. Cooperative Bank of Kenya
The Cooperative Bank of Kenya is one of the largest banks in the country and has a strong presence in both urban and rural areas. The bank has a wide range of products and services catering to individuals and businesses. The bank also has a good track record of paying dividends to shareholders.
6. Stanbic Bank Kenya
Kenya’s largest bank by assets, Stanbic Bank Kenya, is a well-diversified financial institution with a strong focus on retail and corporate banking. The bank has a wide network of branches and ATM machines across the country, making it easily accessible to customers.
Stanbic Bank Kenya has a long history in the Kenyan market, dating back to its establishment in 1974 as Standard Chartered Merchant Bank Kenya. The bank has since undergone several changes in ownership and rebranding exercises but has remained one of the country’s most trusted and respected banks.
The bank’s deposit products include savings accounts, term deposits, and fixed deposits. It also offers a wide range of loan products, including personal, mortgage, car, and business loans. Stanbic Bank Kenya is an active player in the government securities market, providing liquidity to the market and contributing to price discovery.
The bank’s shares are listed on the Nairobi Stock Exchange (NSE) and can be bought through any licensed stockbroker in Kenya.
7. Barclays Bank Kenya
Kenya’s Barclays Bank is one of the country’s most established and well-respected banks. It offers a wide range of products and services to individuals and businesses, making it a great choice for anyone looking for a reliable financial institution.
Barclays Bank Kenya has been operating in the country for over 100 years and has an extensive network of branches and ATMs across the country. It also offers various digital banking services, including online and mobile banking.
Products and services offered by Barclays Bank Kenya include:
–Savings and current accounts
-Fixed deposit accounts
– Personal loans
– Home loans
– Credit cards
– Business banking services
8. British American Tobacco Kenya
British American Tobacco Kenya is a publicly traded company on the NSE and was founded in 1920. The company is engaged in manufacturing, distributing, and selling cigarettes and other tobacco products in Kenya. British American Tobacco Kenya has a market capitalization of KES: 35.4 billion as of June 2020.
9. East African Breweries Limited
East African Breweries Limited (EABL) is the leading brewer in Kenya. The company was founded in 1922 and listed on the Nairobi Stock Exchange in 1954. EABL is a subsidiary of Diageo plc, one of the world’s largest alcoholic beverage companies.
EABL’s brands include Tusker Lager, Guinness, Pilsner Urquell, Serengeti Premium Lager, and White Cap Lager. The company also manufactures and distributes spirits, wine, and non-alcoholic beverages.
EABL has a strong market share in the Kenyan beer market and is the only Kenyan company with a presence in all four East African countries. The company has an extensive distribution network and a modern fleet of vehicles. EABL also operates a state-of-the-art brewing facility in Nairobi.
The shares of EABL have been on a tear in recent years, rising from around KShs 60 in 2013 to over KShs 400 currently. This reflects the company’s strong performance, which has posted double-digit growth in both revenue and profit over the last few years.
Investors looking for exposure to the growing Kenyan economy should consider buying shares in EABL. The company is well-positioned to benefit from continued economic growth and rising consumer spending power.
Wrapping Up
This article has provided you with the 9 best shares to buy in Kenya in 2022. TubeFame Technologies has done in-depth and thorough research to come up with the list. If you are a Kenyan investor looking for a platform to invest your shares, you should the above.
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