What is an Investment?
An investment is an asset or item acquired with the goal of generating income or appreciation. Appreciation refers to an increase in the value of an asset over time.
When an individual purchases a good as an investment, the intent is not to consume the good but rather to use it in the future to create wealth.
Best Bank To Invest With In Kenya
1. African Alliance Investment Bank (AAIB)
The African Alliance Investment Bank, known as AAIB, ranks among the top banks for investment in the country. This finance enterprise has been around for more than 2 decades and enjoys a good reputation.
It was founded in 1992 and has its headquarters in Johannesburg, South Africa. Note that most of its operations and other services are in many African countries.
2. AIB-AXYS Africa Ltd
AIB-AXYS Africa came about after the merger of AIB Capital Ltd and Apex Africa Capital Ltd. Both securities firms were well established and enjoyed experience and existence spanning more than 25 years. Fortunately, the new firm brought in highly skilled and experienced professionals.
The brokerage/ underwriting firm is a critical player in different investment options. In fact, its services have been increasing over the years. AIB-AXYS Africa enjoys a global presence and has offices in Kenya, Mauritius, Switzerland, Hong Kong, and UAE.
3. Equity Bank
Equity bank stands out as a top bank for investment in Kenya and beyond. It has become a force to reckon with, starting from a humble beginning. This is evidenced by its large customer base of 9 million customers and a large asset base.
The organization started and has been growing its portfolio to meet the market demands and suit its customers.
Which bank in Kenya makes the most profit?
KCB Bank Kenya is the most profitable having posted a pre-tax profit of Sh49. 7 billion in the review period or 20.4 percent of the sector’s total.
Peer and close rival Equity Bank Kenya meanwhile held a share of 17.2 percent of the industry’s profits or Sh42 billion.
Which investments have the highest returns in Kenya?
Index funds are an excellent investment opportunity because they have simple diversification and high returns.
Index funds are good for beginners because they are easy to learn, unlike stocks. Some of the best index funds to invest in today include S & P index funds, Russell-2000, and Nasdaq-100 index funds.
Which is the most trusted bank in Kenya?
Equity Bank has been feted as the Best Bank in Kenya in the 2023 Think Business Banking Awards for the 12th consecutive year.
Equity was also named the best bank in the inaugural ESG Factors Category as well as the Most Customer-Centric Bank.