Ipahco
An investment bank does everything a stockbroker does and is additionally licensed for corporate finance: bringing companies to market, running rights issues, advising on takeovers, arranging bond issues.
For a private investor buying shares, the difference from a stockbroker is largely one of size and of what else the firm does.
The same way as any broker — a CDS account and a trading account. Some offer research, advisory and wealth services alongside, which is usually the reason to pick one.
Worth knowing if you are ever offered shares in a new listing or a rights issue: the investment bank arranging it is acting for the company raising the money, not for you. Its prospectus is a legal document, not a recommendation.
No return of its own; the same dealing costs as any broker. What varies is the service and occasionally the commission rate, and both are worth asking about before you open the account rather than after.
The full list is on the regulator's own page, which is where it stays current.
See the live list at the CMAHow a share order actually reaches the NSE. You need one to buy anything listed.
Where bonds are actually traded — largely over the counter, largely by banks.
The licence behind investing from your phone. Safaricom and Airtel Money hold it.
Futures on the NSE derivatives board. Leverage, and losses that are not capped at your deposit.
A forex broker that takes the other side of your trade itself.
A forex broker that passes your order out to the market instead of taking it on.
Licensed to sell coffee at the Nairobi Coffee Exchange, on behalf of growers.