Stanbic Bank Secures USD 45 Million to Boost PepsiCo Bottlers’ Growth in East Africa

Stanbic Bank Kenya and Stanbic Bank Uganda, both subsidiaries of Standard Bank Group, have successfully arranged a USD 45 million long-term funding package to drive the expansion of two PepsiCo bottlers in East Africa — Crown Beverages Limited (CBL) in Uganda and SBC Kenya Limited in Kenya.

Under the cross-border arrangement, USD 30 million has been allocated to CBL and USD 15 million to SBC Kenya. The financing highlights Standard Bank Group’s strength in delivering integrated regional financial solutions and supporting industrial growth and trade across African markets.

The deal extends a partnership between Stanbic Bank Uganda and Crown Beverages Limited that has lasted for over two decades. Since 2020, Standard Bank Group has supported CBL’s modular expansion and in 2023 advised and financed the acquisition of SBC Kenya by CBL’s shareholders — a move that strengthened PepsiCo’s regional footprint.

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Paul Muganwa, Executive Director and Head of Corporate and Investment Banking at Stanbic Bank Uganda, noted that the transaction demonstrates how the bank’s Positive Impact framework transforms ambition into tangible economic progress. “The investment will enhance local manufacturing, promote job creation, and strengthen trade linkages across East Africa — particularly benefiting youth, women, and farmers in the value chain,” he said.

SJ Kok, Head of Corporate and Investment Banking at Stanbic Bank Kenya, emphasized that collaboration between the two country teams was crucial in designing a funding model suited to the brownfield expansion of SBC Kenya. “This partnership showcases the power of our regional network and how we bring Standard Bank Group’s ecosystem to life for our clients,” he remarked.

The funding package is expected to boost manufacturing output, strengthen local supply chains, and drive innovation in key economic sectors. It also reinforces Standard Bank Group’s commitment to sustainable and inclusive growth through customized financial solutions that help African enterprises expand across borders.