Stanbic Bank Kenya and Stanbic Bank Uganda, both members of the Standard Bank Group, successfully closed a USD45 million (Ksh5.8 billion) long-term funding package to support the expansion of two PepsiCo bottlers in East Africa; Crown Beverages Limited (CBL) in Uganda and SBC Kenya Limited in Kenya on October 28, 2025

The transaction, comprising USD 30 million for CBL and USD 15 million for SBC Kenya, reinforces the two banks’ shared commitment to driving regional growth through innovative cross-border financing solutions.

It also demonstrates Standard Bank Group’s ability to connect clients seamlessly across markets, powering industrial expansion and regional trade within Africa.

This milestone builds on a long-standing relationship between Stanbic Bank Uganda and Crown Beverages Limited that spans more than two decades.

Since 2020, the Standard Bank Group has supported CBL’s modular expansion and further demonstrated its commitment by advising and funding the acquisition of SBC Kenya by CBL’s shareholders in 2023.

“This transaction exemplifies how our Positive Impact framework translates ambition into action,” said Paul Muganwa, Executive Director and Head of Corporate and Investment Banking, Stanbic Bank Uganda.

“By structuring a cross-border solution in partnership with our colleagues in Kenya, we are advancing inclusive growth across financial, enterprise, and industrial dimensions.

The investment will stimulate job creation, enhance local manufacturing capacity, and strengthen regional trade linkages,particularly benefiting youth, women, and farmers within the supply chain.

Through the Standard Bank Group, Africa’s largest bank with a presence in 20 markets, our clients gain the confidence and capability to expand beyond borders.

Banking with Stanbic in Uganda or Kenya means leveraging Africa’s most extensive financial network to drive our region’s growth and unlock the continent’s opportunity.”

SJ Kok, Head of Corporate and Investment Banking at Stanbic Bank Kenya, added, “Our ability to collaborate across our country teams underscores the power of our regional network.

Through our established relationship with Crown Beverages Limited in Uganda, we were able to seamlessly extend support to SBC Kenya and design a funding structure that met the complex requirements of a brownfield expansion.

This is a strong example of how we bring Standard Bank Group’s regional ecosystem to life for our clients.”

The funding is expected to boost manufacturing output, support local supply chains, and enhance productivity in key sectors critical to job creation and innovation.

Beyond financing, the transaction reaffirms Standard Bank Group’s commitment to driving sustainable, inclusive growth through tailored, pan-African financial solutions that connect clients to opportunity, wherever they operate on the continent.

Also Read: Central Bank Lists Banks With The Lowest Loan Interest Rate

About Stanbic Bank Kenya

Stanbic Bank Kenya is a member of Standard Bank Group, the largest African bank by assets, operating in 20 African countries, four global financial centres, and two offshore hubs, with a 162-year history on the continent.

The group’s largest shareholder is the Industrial and Commercial Bank of China (ICBC), the world’s largest bank, with a 19.4% shareholding.

In addition, Standard Bank Group and ICBC share a strategic partnership that facilitates trade and deal flow between Africa, China, and select emerging markets.

With a solid foundation in Kenya and a history spanning over 100 years, Stanbic Bank is one of the top banks operating in Kenya that provides the full spectrum of financial services.

Stanbic Bank Kenya provides the full spectrum of financial services.

The Personal and Private Banking division continues to serve the people of Kenya with a range of personal banking products and solutions.

Stanbic Bank also offers Wealth services and product offerings, including insurance, investment, fiduciary, bespoke banking, and multi-generational wealth preservation solutions to high-net-worth individuals, retail, business, commercial, and corporate clients across the Bank’s footprint.

Also Read: Stanbic Holdings in Talks to Acquire NCBA Group

Its Corporate and Investment Banking division serves a wide range of requirements for banking, finance, trading, investment, risk management, and advisory services.

Corporate and Investment Banking delivers this comprehensive range of products and services relating to investment banking, global markets, and global transactional products and services.

Stanbic Bank’s Corporate and Investment Banking expertise is focused on industry sectors that are most relevant to emerging markets.

It has strong offerings in oil, gas, and renewables, power and infrastructure, and agriculture.

Regarding the Business and Commercial Banking, Stanbic Bank Kenya offers banking and other financial services to medium-sized enterprises and high-value small businesses.

This unit serves the increasing need among Africa’s small businesses and individual customers for banking products that can meet their shifting expectations and growing wealth.

The Insurance and Asset Management unit partners with our clients to fulfil their long and short-term insurance, investment, and asset management needs.

The products cater to a wide range of clientele, ranging from individuals to corporate and institutional clients.

Follow our WhatsApp Channel and WhatsApp Community for instant news updates

Stanbic Bank CEO Joshua Oigara chairing a meeting. PHOTO/Stanbic X.