Kenya: Stanbic Bank Gets Sh5.8bn Funding for Pepsico Bottlers' Expansion

Nairobi — Stanbic Bank Kenya and Stanbic Bank Uganda have arranged a Sh5.8 billion ($45 million) long-term funding deal to support the expansion of two PepsiCo bottlers in East Africa, Crown Beverages Limited (CBL) in Uganda and SBC Kenya Limited in Kenya.

The transaction, which comprises Sh3.9 billion ($30 million) for CBL and Sh1.9 billion ($15 million) for SBC Kenya, aims to drive industrial expansion, regional trade, and job creation within the beverage sector.

In 2023, the lender also funded acquisition of SBC Kenya by CBL's shareholders.

Stanbic Bank Uganda Executive Director and Head of Corporate and Investment Banking, Paul Muganwa, said the cross-border financing structure underscores the group's commitment to inclusive regional growth.

"This transaction exemplifies how our Positive Impact framework translates ambition into action," said Muganwa.

"By structuring a cross-border solution in partnership with our colleagues in Kenya, we are advancing inclusive growth across financial, enterprise, and industrial dimensions. The investment will stimulate job creation, enhance local manufacturing capacity, and strengthen regional trade linkages -- particularly benefiting youth, women, and farmers within the supply chain."

Stanbic Bank Kenya's Head of Corporate and Investment Banking, SJ Kok, said the collaboration highlights the strength of the group's regional network in supporting complex funding requirements.

The funding is expected to boost local manufacturing capacity, enhance productivity, and strengthen supply chains across Kenya and Uganda.

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