Stanbic Bank gets Sh5.8bn funding for PepsiCo Bottlers’ expansion
NAIROBI, Kenya, Oct 28 - Stanbic Bank Kenya and Stanbic Bank Uganda have arranged a Sh5.8 billion ($45 million) long-term funding deal to support the Kenya breaking news | Kenya news today |..
✨ Key Highlights
Stanbic Bank Kenya and Stanbic Bank Uganda have secured a Sh5.8 billion ($45 million) long-term funding deal for the expansion of two PepsiCo bottlers in East Africa: Crown Beverages Limited (CBL) in Uganda and SBC Kenya Limited in Kenya.
- The funding is split with Sh3.9 billion ($30 million) allocated to CBL and Sh1.9 billion ($15 million) for SBC Kenya to boost industrial growth and job creation.
- Paul Muganwa, Executive Director and Head of Corporate and Investment Banking at Stanbic Bank Uganda, highlighted the cross-border financing's commitment to inclusive regional growth.
- This investment aims to stimulate job creation, enhance local manufacturing capacity, and strengthen regional trade linkages, particularly benefiting youth, women, and farmers.
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New Manufacturing Plant and Bank Funding Drive Kenyan Business Activity - October 2025
Sun King, a solar and energy appliances company, has inaugurated a new 7,600-square-meter manufacturing facility in Tatu City, Kiambu County, to localize production of smartphones and televisions. In another investment, Stanbic Bank Kenya and Stanbic Bank Uganda secured a Sh5.8 billion ($45 million) funding deal for the expansion of SBC Kenya Limited and Crown Beverages Limited. These developments occurred as property prices in Nairobi rose by 1.1 percent in Q3 2025, driven by demand for detached houses, though rental prices dipped 1.6 percent. Supporting this environment, the Kenya Bankers Association (KBA) reports that commercial banks remain sufficiently liquid to support private sector lending despite increased investments in government securities. The KBA's Tax Committee Chairperson, Peter Mungai, confirmed banks are maintaining their capacity to lend to businesses.
