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Economy Markets
KNCCI, Stanbic Bank sign deal to provide MSMEs financial aid
May 10, 2022
Lawrence Baraza
0

Kenya’s PMI drops below 50-point mark in April

Kenya’s private sector activity fell in April to 49.5, hurt by rising consumer inflation and supply shortfalls for some goods. The S&P Global Kenya Purchasing Managers' Index (PMI) dropped to 49.5 from 50.5 a month earlier. Stanbic Bank’s PMI of 50.0 mark separates growth in activity from

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Stanbic Bank
Economy
KNCCI, Stanbic Bank sign deal to provide MSMEs financial aid
April 19, 2022
Lawrence Baraza
0

KNCCI, Stanbic Bank sign deal to provide MSMEs financial aid

Stanbic Bank Kenya and the Kenya National Chamber of Commerce and Industry (KNCCI) have signed a partnership to provide financial and non-financial support to Micro, Small and Medium Enterprises (MSMEs) that are members of KNCCI. An MoU was signed at the Busia Youth Polytechnic Ground on

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KNCCIStanbic Bank
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 Economy
Stanbic inks car import financing deal with leading motor-vehicles importer in Kenya
March 2, 2022
Marion Wavinya
0

Stanbic inks car import financing deal with leading vehicle importers in Kenya

Stanbic Bank Kenya has signed an importing financing partnership with MHH International Limited and World Navi Company. The deal will see the lender’s customers who are interested in imported vehicles get up to 80 percent financing for a period of up to four years. “By partnering with

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Car Importation DealStanbic Bank
Corporate
Stanbic half year profit up Ksh.3.5 billion, approves Ksh.1.70 dividend per share
August 13, 2021
Lawrence Baraza
0

Stanbic half year profit up Ksh.3.5 billion, approves Ksh.1.70 dividend per share

Stanbic Holdings earnings surged by 34.6 percent to record Ksh.3.5 billion in six months to June 2021 compared to Ksh.2.6 billion that was recorded same period last year. The rise in profitability has been attributable to improved operating income and lower costs. Net interest and non-interest income rose by 9.5

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Charles MudiwaStanbic Bank
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