Trending
- How Aliko Dangote’s $1 billion deal seeks to unlock Zimbabwe’s economic potential
- Tanzania’s Amsons Group grows footprint in East Africa’s cement industry
- Rwanda and Tanzania to pilot EAC’s low-cost, cross-border money transfer system
- Broken Promises by Wealthy Nations: Africa Needs to Finance its Energy Addition then Transition
- Africa’s bluetech financing: How investor education and tailored investments could unlock capital
- How Agtech, AI, and Fintech can transform Africa’s food systems
- Safaricom posts 52.1% jump in half-year net earnings to $331M, Ethiopia loss narrows
- African mergers and acquisitions set to rise in 2026 as licensing rounds open new opportunities
Browsing: cross-border financing
- Since 2020, the Standard Bank Group has supported CBL’s modular expansion and further demonstrated its commitment by advising and funding the acquisition of SBC Kenya by CBL’s shareholders in 2023.
- The funding is expected to boost manufacturing output, support local supply chains, and enhance productivity in key sectors critical to job creation and innovation.
Stanbic Bank Kenya and Stanbic Bank Uganda, both part of the Standard Bank Group, have successfully closed a long-term funding package worth US$45 million to help two PepsiCo bottlers in East Africa grow: Crown Beverages Limited (CBL) in Uganda and SBC Kenya Limited in Kenya.
The deal, which was set up so that CBL would get $30 million and SBC Kenya would get $15 million, is a big step forward for industrial growth in the region and for new ways to do business across borders.
This deal not only strengthens Stanbic’s position as a leader in …