Stanbic Bank Kenya and Stanbic Bank Uganda, subsidiaries of the Standard Bank Group, have provided $45 million growth funding to support the expansion of two PepsiCo bottlers in East Africa.
PepsiCo Bottlers which operates as Crown Beverages Limited (CBL) in Uganda and SBC Kenya Limited in Kenya, received $30 million and $15 million, respectively.
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.
“This transaction exemplifies how our Positive Impact framework translates ambition into action,” said Paul Muganwa, Executive Director and Head of Corporate and Investment Banking, 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.
Through the Standard Bank Group, Africa’s largest bank with a presence in 20 markets, our 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 our region’s growth and unlock the continent’s opportunity.”
The funding is expected to boost manufacturing output, support 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 driving sustainable, inclusive growth through tailored, pan-African financial solutions that connect clients to opportunity, wherever they operate on the continent.
“Our ability to collaborate across our country teams underscores the power of our regional network. Through our established relationship with Crown Beverages Limited in Uganda, we were able to seamlessly 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.” said SJ Kok, Head of Corporate and Investment Banking at Stanbic Bank Kenya.
