Finding the best shares to buy in Kenya is the top priority for investors as the Nairobi Securities Exchange (NSE) kicks off 2026 on a bullish note.
Following a stellar performance in 2025 where the Nairobi All Share Index (NASI) rose by over 50%, and with inflation stabilising, investor sentiment is shifting aggressively back to shares and equities.
For investors asking, “Which are the best shares to buy in Kenya today?”, the answer lies in a mix of undervalued giants, high-dividend payers, and a historic Initial Public Offer (IPO) currently underway.
Here are the 10 best shares to buy today in Kenya, analysed for growth potential, dividend yield, and financial stability.
1. Kenya Pipeline Company (KPC) – The IPO Opportunity
Sector: Energy & Infrastructure
Status: IPO Open Now (Closes Feb 19, 2026)
The biggest buzz in the market right now is the Kenya Pipeline Company IPO. The government is offering a 65% stake to the public, marking the first major state privatisation in years.
- Why Buy: At an offer price of KSh 9.00 per share, this is an affordable entry point for a profitable, monopoly-style business that transports fuel across the region.
- Dividend Potential: The company has a history of profitability and is expected to be a consistent dividend payer once listed.
- Urgency: The offer is time-sensitive. Investors must apply before the mid-February deadline.
2. Safaricom PLC (SCOM)
Sector: Telecommunications
Current Trend: Bullish Recovery
Safaricom remains the anchor of the NSE. After a dip in previous years, the stock rallied nearly 57% in 2025. As the leading telco in East Africa, its dominance in mobile money (M-PESA) and data services makes it a must-have in any portfolio.
- Why Buy: Strong cash flows and market dominance. The stock is recovering towards its historical highs, offering capital appreciation.
- Best For: Long-term growth and stability.
3. Equity Group Holdings (EQTY) Shares
Sector: Banking
Key Metric: 32% Earnings Growth (Q3 2025)
Equity Group continues to prove why it is a regional banking powerhouse. The bank recorded a massive 32% jump in net earnings in late 2025, driven by its subsidiaries in DRC and successful digitization.
- Why Buy: It is currently one of the fastest-growing banks in the region. If you are looking for growth over dividends, Equity is a top pick.
- Target: Investors seeking exposure to regional African growth (DRC, Uganda, Rwanda).
4. Co-operative Bank of Kenya (COOP)
Sector: Banking
Key Strength: High Dividend Yield
“Co-op Bank” is a favorite for income investors. The bank has a unique model tied to the cooperative movement, providing it with cheap deposits and a loyal customer base.
- Why Buy: Consistent dividend payouts. It traditionally offers one of the highest dividend yields among top-tier banks, often ranging between 8% to 12%.
- Verdict: A defensive stock that pays you to wait.
5. East African Breweries PLC (EABL)
Sector: Manufacturing / FMCG
Catalyst: Recent Strategic Shifts
EABL remains the king of the alcohol beverage sector in the region. Recent corporate actions and stake sales by major shareholder Diageo have put the spotlight back on the brewer’s valuation.
- Why Buy: As the economy recovers, consumer spending on entertainment and beverages is expected to rise. EABL pays reliable interim and final dividends.
6. KCB Group (KCB) Shares
Sector: Banking
Strength: Asset Base & Stability
As the largest bank by asset base in East Africa, KCB is a heavy hitter. Despite high provisioning for bad loans in the past, its core business remains incredibly profitable.
- Why Buy: It is currently trading at a discount compared to its book value. For value investors, KCB presents an opportunity to buy a “blue-chip” stock at a bargain price.
7. NCBA Group
Sector: Banking
Performance: +88% Share Price Gain (1Y)
NCBA has been the surprise performer of the last 12 months, nearly doubling in value. As the leader in asset finance and digital banking (powering M-Shwari and Fuliza), it is minting profits from the digital lending space.
- Why Buy: Efficient operations and leadership in digital credit. The bank has also significantly improved its dividend payout policy.
8. Standard Chartered Bank Kenya (SCBK)
Sector: Banking
Focus: Income / Dividends
Standard Chartered is a “dividend machine.” It typically pays out nearly nearly all its profits to shareholders in the form of dividends.
- Why Buy: If your goal is purely passive income, this is arguably the best stock on the NSE. They often pay nearly 100% of earnings as dividends.
9. Kenya Electricity Generating Company (KenGen) shares
Sector: Energy
Catalyst: Green Energy Focus
With the world moving towards renewable energy, KenGen is well-positioned. It produces over 70% of Kenya’s electricity, mostly from geothermal and hydro sources.
- Why Buy: Extremely stable utility stock. It is a government-backed entity with guaranteed contracts, making it a low-risk investment for conservative investors.
10. BAT Kenya
Sector: Manufacturing
Strength: High Cash Flow
Despite regulatory headwinds, BAT Kenya remains a cash-rich company. It is a defensive stock that tends to perform well even when the broader economy is struggling.
- Why Buy: High dividend yield. It is a “Cash Cow” stock that is excellent for protecting a portfolio against volatility.
How to Buy Shares in Kenya
Investing in the NSE is now fully digital. Here is a quick guide to acquiring these shares:
- Open a CDS Account: You need a Central Depository System (CDS) account. You can open one via the Central Depository & Settlement Corporation (CDSC) or through a licensed broker.
- Choose a Broker: Licensed brokers include heavyweights like Dyer & Blair, Faida Investment Bank, Genghis Capital, and AIB-AXYS.
- Use Mobile Apps: Most brokers now have apps (e.g., AIB DigiTrader, Faida M-Trader) that allow you to buy and sell instantly via M-PESA.
- Monitor the Market: Keep an eye on daily performance via the Nairobi Securities Exchange (NSE) official website.
READ ALSO; Safaricom Named Kenya’s Top Employer 2026
Disclaimer
This article is for informational purposes only and does not constitute financial advice. Stock market investments carry risks, and shares can go up or down in value. Always consult with a licensed financial advisor before making investment decisions.
