Arise Media 
BY RITA MUTHONI
Stanbic Bank Kenya reinforced its support for the country’s small and medium enterprises (SMEs), disbursing Sh76 billion in trade loans in the 2024 financial year to facilitate business expansion.
The bank allocated 9% of its loan book to agriculture while providing Sh63 million in concessionary funding to micro, small, and medium enterprises (MSMEs).
Additionally, through the Stanbic Foundation-USADF grant program, over 400 jobs were created, and more than 8,000 individuals received financial literacy training.
Women entrepreneurs also benefited from the bank’s D.A.D.A program, which facilitated Sh37.8 billion in loans to female-led businesses.
Beyond financial aid, Stanbic Bank focused on digital transformation to enhance SME banking experiences.
The ‘Unlock New Horizons’ campaign, launched in 2024, aimed to expand financing, advisory services, and digital banking access for SMEs.
“We recognize that technology is a powerful enabler for SMEs, allowing them to operate more efficiently, manage cash flow effectively, and access financial solutions instantly,” said Florence Wanja, Head of Business and Commercial Banking at Stanbic Bank Kenya.
The bank has also strengthened trade facilitation and market access through initiatives such as the Changamka Shopping Festival and the Africa Trade Barometer, which provides businesses with critical market insights.
Stanbic Bank’s efforts have earned recognition at the EMEA Finance African Banking Awards, underscoring its commitment to financial innovation and SME growth across Kenya.
As part of the Standard Bank Group, the lender continues to champion financial inclusion for underserved entrepreneurs while bolstering cross-border trade and Africa-China partnerships.
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