Best Growing Shares In Kenya

What is a Growing Share?

In finance, a growth stock is a stock of a company that generates substantial and sustainable positive cash flow and whose revenues and earnings are expected to increase at a faster rate than the average company within the same industry.

Best Growing Shares In Kenya

1. Safaricom PLC – “A big investment.”

Safaricom is a leading provider of telecommunications services in Kenya. It’s the largest mobile network operator measured by subscriber base, service coverage, and revenue market share, with more than 42 million subscribers.

The Safaricom share price offers you the highest returns in the long run and has a payout ratio of over 100%. The best thing about owning Safaricom shares in this telecommunications giant is that you can expect huge dividends yearly without fearing losing much capital due to stock market crashes.

2. Kakuzi PLC – “Great for holding”

Kakuzi PLC is an agricultural production and processing firm based in Kenya and listed on the Nairobi Stock Exchange. It has been paying dividends since 2008, making it suitable for any portfolio.

The best thing about Kakuzi PLC is that it offers you double-digit returns in the long run and almost zero tax to pay on your dividends received every year.

You can probably buy a share in Kakuzi PLC and hold onto it for months, years, or even decades because of its consistently increasing dividends every year since 2008.

3. Kenya Reinsurance Corporation – “Good dividends and growth.”

Kenya Reinsurance Corporation PLC (KRC) is the country’s largest reinsurer. It offers property, marine, aviation, and motor insurance products to corporate and retail customers in Kenya.

The company is a Knight Lloyd Insurance Holdings Ltd. subsidiary, an insurance holding company based in Nairobi, Kenya.

One of the best companies to invest in is Kenya Re, which offers great returns. It also provides a dividend yield of over 10%.

The company has been growing its net profits for more than ten years now, and there’s no doubt it will continue to do so.

4. Kenya Commercial Bank Group PLC – “One of the best.”

Kenya Commercial Bank Group PLC is a financial services provider in East Africa, the Indian Ocean Islands, and Madagascar.

It provides commercial banking services to large corporations, small to medium enterprises, wholesale companies, and individuals in Uganda, Tanzania, Rwanda, Burundi, the Democratic Republic of Congo, and South Sudan.

This bank has been paying dividends for over 20 years and has a dividend yield of about 9.5%. KCB GROUP also pays out more than 50% of its profits to shareholders every year.

5. Unilever Kenya PLC – “Strong performance.”

Unilever is a multinational consumer goods company that produces foods, beverages, cleaning agents, personal care products, and skin- and hair-care products. It operates in over 100 countries with some 170,000 employees.

It has been growing its revenue yearly since 2008, making it a good investment for your portfolio.

The best thing about owning shares in Unilever PLC is receiving big dividends yearly without fearing losing capital due to stock market crashes.

Unilever PLC is a big company, so it will continue to grow as long as the world continues buying its products, especially in emerging markets such as Kenya.

6. Bamburi Cement PLC – “One of the best.”

Bamburi Cement PLC produces and distributes Portland cement, quicklime, and hydrated lime.

The company is a subsidiary of LafargeHolcim Ltd., one of the largest global building materials producers. And has been paying dividends for over seven years and has a dividend yield of over 10%.

Bamburi Cement company is one of the most recommended companies because it’s good at increasing its revenue but also distributes its profits to shareholders yearly.

7. Shares to Buy in Kenya – KenGen

KenGen generates, distributes, distributes, and sells electricity in Kenya. And is interested in the Kenyan renewable energy sector with interests in geothermal, wind, and solar power projects across East Africa.

It generates over 95% of all electricity produced in Kenya and sells its entire output to Kenya Power & Lighting Company PLC, the largest distributor of electricity in the country.

8. Shares to Buy in Kenya – Jubilee Holdings PLC

Jubilee Holdings Limited is a Kenya-based integrated financial services company. It offers retail and corporate clients banking, insurance, asset management, stockbroking, and investment services.

The company pays a dividend of about 8.9%, making it one of Kenya’s best investments. It has been paying dividends every year since 2013, and there’s no doubt that this will continue in the future.

Even though Jubilee Holdings is not a safe bet, it offers you great returns within an extended period.

9. East Africa Breweries Ltd (EABL) – “Good for dividend returns.”

East Africa Breweries Ltd (EABL) is the largest brewer in Kenya by volume. It produces Tusker beer, Senator Keg, and East African Breweries Ltd (EABL) Export lager, among other brands.

East Africa Breweries Ltd is a listed company on the Nairobi Stock Exchange. It’s an excellent choice to buy its stocks and hold onto them because it offers an excellent dividend yield of over 10%.

The best thing about owning shares in East Africa Breweries Ltd is that you will receive your money every time without fearing losing much capital due to stock market crashes.

10. Shares to Buy in Kenya – Equity Bank PLC – “A bank that pays dividends.”

Equity Group Holdings Limited is Kenya’s leading banking group with over Ksh 3 trillion in assets. Its investment arm, Equity Group Investments Limited, is responsible for managing its investments in different sectors of the Kenyan economy.

The group has subsidiaries in Kenya, Mauritius, Rwanda, South Sudan, Uganda, and Tanzania.

It operates in various markets through retail banking, commercial banking, treasury services, and investment divisions.

Which is the best stock market in Kenya?

The Nairobi Securities Exchange 20 Share Index NSE20 is a major stock market index that tracks the performance of 20 best-performing companies listed on the Nairobi Securities Exchange.

How much is one share in Kenya?

Nairobi Securities Exchange Share Prices

CompanyPriceUpdated
Kenya Power1.45Sep 29, 2023
Safaricom14.60Sep 29, 2023
Nation Media20.00Sep 29, 2023
BOC85.00Sep 26, 2023

What is the minimum share to buy in Kenya?

100

The minimum number of shares you can buy or sell is 100. Once you have bought shares from a company, you become one of its shareholders. You will be invited to the company’s annual shareholder meetings, most of which are held around June; attendance is free.