Stanbic strikes deal with Kisumu with new branch in region

Stanbic strikes deal with Kisumu as it opens new branch in region

Stanbic Bank Kenya has opened a new branch in Kisumu County in a bid to contribute to the growth and development of the county.

This move is part of the bank’s FutureNiDigital campaign, which was launched in 2021.

In a Memorandum of Understanding (MoU) with the County, Stanbic Kenya Foundation will offer training on digital knowledge and skills; training on entrepreneurship and access to markets; availing affordable financing to mass market and corporates; and exploring ICT innovations around renewable energy, environment and climate change, empowering the youth, women and MSMEs towards building strong enterprises in line with United Nations Sustainable Development Goals (SDGs).

The deal will also see 1,000 government employees upskilled and seconded to the program as instructors.

The digital skills training is a major boost to the Kenya government’s Digital Economy Blueprint, which among others, aims to foster innovation-driven digital enterprise.

“We are honored to be here today to partner with the county government of Kisumu and invest in the third-largest city in the country. We are proud to open this branch today as we aim to live up to our clients’ expectations. Over the years, we have taken a proactive and intentional approach to understanding our customers and their ever-increasing needs. Our customers are gradually more in need of convenience, efficiency and user-friendly solutions,” said Stanbic Bank Kenya Chief Executive, Charles Mudiwa.

The decision was, however, informed by the lender’s growing clientele in the regions owing to innovative digital client solutions.

An MoU was signed between the lender and the County, an event which was graced by the County boss Professor Peter Anyang’ Nyong’o.

It is in line with the bank’s intent to drive Kenya’s socio-economic growth with the opening of the new branch being in response to the expanding market and the dynamic customer needs.

 “Kisumu is open to collaborate with strategic partners who can contribute to turning the county into an economic hub. I believe that this partnership with Stanbic will help my administration unlock our full potential by investing in SMEs and individuals,” said Professor Nyongo.

Stanbic Bank has been on a journey to create an impact in the lives of Kenyans through the launch of the Stanbic Kenya Foundation.

The Foundation has achieved significant milestones along the way and has made a mark in Education, Job Creation and Enterprise Development, through the launch of the Accelerate Program that positions Kenya businesses for success.

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Lawrence Baraza is a prolific writer with competencies in Digital Media, Print, and Broadcast. Baraza is also a Communication Practitioner currently spearheading Digital content on Metropol TV's Digital Desk.

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