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Economy
Business confidence in Kenya surge to 11-month high; report
February 6, 2023
Lawrence Baraza
0

Business confidence in Kenya surge to 11-month high: report

Kenya witnessed a surge in business confidence in 11 months to January 2023, according to the Stanbic Bank’s monthly Purchasing Managers Index (PMI). The monthly PMI for January 2023 came at 52.0, creeping by 0.4 from December’s 51.6. This monthly survey points towards a sustained improvement in

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CBKPMI ReportStanbic Bank Kenya
Corporate Economy
Stanbic secures Ksh.1 billion loan for SME financing targeting women
April 5, 2022
Lawrence Baraza
0

Stanbic secures Ksh.1 billion loan for SME financing targeting women

Stanbic Bank Kenya has secured a Ksh.1 billion loan from the African Guarantee Fund to finance  Small & Medium-sized Enterprises across the country for the next five years. The credit facility will expand the bank’s lending capacity in the country to cover SMEs. …our partnership with the

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Africa Guarantee FundSMEs FinancingStanbic Bank Kenya
Corporate Finance
Stanbic strikes deal with Kisumu as it opens new branch in region
March 7, 2022
Lawrence Baraza
0

Stanbic strikes deal with Kisumu with 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,

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Charles MadiwaKisumu CountyProfessor Anyang NongoStanbic BankStanbic Bank Kenya
Corporate Finance
Stanbic announces 50% dividend on increased Ksh.7.2 billion profit  
March 3, 2022
Brigit Pamela
0

Stanbic announces 50% dividend on increased Ksh.7.2 billion profit  

Stanbic Holdings has registered a Ksh.7.2 billion profit for the year ended December 31, 2021. This represents a 39 percent increase from last year’s performance and is attributable to solid business momentum and various interventions that enabled the Group and its customers to weather the economic

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Stanbic Bank Kenya
Finance Markets
Stancic, Caetano Kenya ink car financing deal for customers at 0% rate
December 14, 2021
Lawrence Baraza
2

Stanbic, Caetano Kenya ink car financing deal for customers at 0% rate

Stanbic Bank and Caetano Kenya have signed a Vehicle Asset Financing partnership agreement that will see the bank offer customers up to 100 percent financing with 0 percent interest rate when purchasing a motor vehicle from the car dealer. Caetano Kenya is the official distributor and

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Caetano KenyaCar FinancingStanbic Bank Kenya
Finance Markets
Stanbic customers to get cars with 5-year repayment plan under asset financing
December 7, 2021
Collins Ogutu
0

Stanbic customers to get cars with 5-year repayment plan under asset financing

DT Dobie and Stanbic Bank Kenya have signed a deal to offer vehicle asset financing for the purchase of Mercedes Benz, Volkswagen and Hyundai personal and commercial vehicles.  The partnership will see Stanbic bank provide up to 100 percent financing for personal vehicles and up to

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Car FinancingDT DobieStanbic Bank Kenya
Economy Finance
Seven Kenyan-based MSMEs win Stanbic’s Ksh.33 million grant facility
November 16, 2021
Collins Ogutu
0

Seven Kenyan-based MSMEs win Stanbic’s Ksh.33 million grant facility

Stanbic Bank Kenya and United States African Development Foundation (USADF) have unveiled Micro, Small and Medium Enterprises (MSMEs) winners of the Ksh.33 million grant facility. The seven winners of the grant were selected from 500 applicants across the country who demonstrated resilience and promise to grow

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MSMEStanbic Bank KenyaUSADF
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