Dyer & Blair Investment Bank

Dyer & Blair Investment Bank was founded in Nairobi in 1954 as a partnership of Stockbrokers Hickman & Grey. In that year, it became one of the six founding members of the Nairobi Stock Exchange (NSE), established in the same year.[1]

In 1956, Messrs Derek Ingram Dyer & Patrick Murdoch Blair took over ownership from Hickman & Grey and changed the firm's name to Dyer & Blair to represent the new ownership.

The Kenya Commercial Bank (KCB) acquired full ownership of Dyer & Blair partnership in 1973 and incorporated the partnership it into a limited liability company operating as a wholly owned subsidiary of the bank. This was in the aim of offering brokerage services to their clients.

In 1983, KCB sold its entire shareholding in Dyer & Blair [2] to local investors including business man Jimnah Mbaru.

Dyer & Blair converted into a fully-fledged licensed investment bank in 2004.

Dyer & Blair Operates in East Africa Through its whole owned subsidiaries in Kenya, Uganda[3] and Rwanda.[4] The Investment bank is a member of the NSE, USE and the RSE.

• Dyer & Blair won the tender to be the transaction adviser for the USD 840 Million Safaricom IPO. This was to the largest offering in the Eastern Africa region.
• The firm was selected as the Sole adviser for the acquisition of a 24.99% stake by Investment Partners, a private equity firm, in Equity Bank Group of Kenya for USD 179 Million. This was one of the largest mergers & acquisition transaction in the Eastern Africa region.
• Was the lead adviser for the Bralirwa IPO. This was the first IPO on the Rwanda Stock Exchange.
• Was the lead adviser for the NIC Insurance Uganda IPO. This was the first Insurance Company to list on the Uganda Stock Exchange.[5]

• Nairobi Securities Exchange
• Uganda Securities Exchange
• Rwanda Stock Exchange
• List of investment banks in Kenya
• DFCU Group