NAIROBI, Kenya, Sept 25 — Stanbic Bank Kenya and Stanbic Bank Uganda have signed a Sh5.8 billion ($45 million) financing deal to expand two PepsiCo bottlers in East Africa. The funding will support Crown Beverages Limited (CBL) in Uganda and SBC Kenya Limited in Kenya.
Regional Investment for Growth
The agreement includes Sh3.9 billion ($30 million) for CBL and Sh1.9 billion ($15 million) for SBC Kenya. It aims to promote industrial growth, job creation, and regional trade in the fast-growing beverage sector.
In 2023, Stanbic Bank financed the acquisition of SBC Kenya by Crown Beverages shareholders. This new deal strengthens that partnership and highlights the bank’s focus on regional integration and sustainable development.
Driving Inclusive Development
Stanbic Bank Uganda’s Executive Director and Head of Corporate and Investment Banking, Paul Muganwa, said the transaction reflects the group’s “Positive Impact” framework.
“This deal shows how our Positive Impact strategy turns ambition into action,” said Muganwa. “Working with our colleagues in Kenya, we are driving inclusive growth through financial, enterprise, and industrial investments.”
He noted that the investment will create jobs, improve manufacturing capacity, and boost regional trade, especially benefiting youth, women, and farmers in the beverage value chain.
Strengthening Regional Partnerships
Stanbic Bank Kenya’s Head of Corporate and Investment Banking, SJ Kok, said the collaboration highlights the power of Stanbic’s regional network.
“This partnership shows how we can deliver cross-border solutions that support private sector growth and regional trade,” Kok explained.
The funding will increase productivity, stabilize supply chains, and enhance manufacturing output in both Kenya and Uganda. Moreover, it aligns with Kenya’s Bottom-Up Economic Transformation Agenda (BETA) and Uganda’s Vision 2040. Both of which promote industrialization as a key growth driver.
For more business updates and insights on East Africa’s trade developments, visit sauce.co.ke.
