Dealers rush for investment banking licences as corporate deals rebound

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The return of the deals has made the market fertile, forcing advisory firms and stockbrokers to seek investment banking licenses—which they need to broker and guide deals.

Photo credit: Pool

The return of corporate deals, such as fresh listings at the Nairobi bourse, bond issuances and mergers and acquisitions, has seen increased demand for investment banking licences that brokers were dumping over five years.

The Capital Markets Authority (CMA) issued at least three new investment bank licences in the first quarter of 2026 to advisory firms and stockbrokerage firms upgrading their work permits.

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