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
Standard Bank Group’s Kenyan subsidiary, Stanbic Holdings, is reportedly in advanced talks to acquire NCBA Group Plc in a deal that could reshape Kenya’s banking landscape. According to Bloomberg, the merger would create the country’s third-largest lender with combined assets valued at approximately KSh1.1 trillion (US$8.5 billion). NCBA, which currently holds a market valuation of