Stanbic Bank Facilitates USD 45 Million Cross Border Funding to Drive PepsiCo Bottlers’ Growth in East Africa
Nairobi, Kenya, October 28, 2025 – Stanbic Bank Kenya and Stanbic Bank Uganda, both members of the Standard Bank Group, have successfully closed a USD 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 funding, comprising USD 30 million for CBL and USD 15 million for SBC Kenya, highlights the banks’ shared commitment to driving regional growth through innovative cross border financial solutions. It also underscores Standard Bank Group’s ability to connect clients seamlessly across markets, supporting industrial expansion and regional trade within Africa.
This milestone builds on a long standing relationship between Stanbic Bank Uganda and Crown Beverages Limited, which spans over two decades. Since 2020, 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.
“This transaction exemplifies how our Positive Impact framework translates ambition into action,” said Paul Muganwa, Executive Director and Head of Corporate and Investment Banking at Stanbic Bank Uganda.
“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.”
Muganwa added that through the Standard Bank Group, Africa’s largest bank with a presence in 20 markets, clients gain the confidence and capability to expand beyond borders. “Banking with Stanbic in Uganda or Kenya means leveraging Africa’s most extensive financial network to drive regional growth and unlock the continent’s opportunity,” he said.
SJ Kok, Head of Corporate and Investment Banking at Stanbic Bank Kenya, noted:
“Our ability to collaborate across country teams underscores the strength of our regional network. Through our established relationship with Crown Beverages Limited in Uganda, we were able to extend support to SBC Kenya and design a funding structure that met the complex requirements of a brownfield expansion. This is a strong example of how we bring Standard Bank Group’s regional ecosystem to life for our clients.”
The funding is expected to boost manufacturing output, strengthen local supply chains, and enhance productivity in key sectors critical to job creation and innovation. Beyond financing, the transaction reaffirms Standard Bank Group’s commitment to sustainable and inclusive growth through tailored, pan African financial solutions that connect clients to opportunity across the continent.
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