Nairobi, Kenya · Thursday, August 6, 2026
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Stanbic Bank Kenya Chief Finance and Value Officer, Dennis Musau during the Stanbic Holdings PLC Half Year 2026 Financial Results.
Business

Stanbic Holdings Plc Posts 27% Growth in Assets as H12026 Net Profit Rises to KES 6.6 Billion

>Customer deposits grew 28% to KES 422 billion, reflecting strong customer confidence and franchise strength. >Customer loans increased 24% to KES 290 billion, supporting business expansion, household prosperity, and economic activity. >KES 181 billion in concessionary lending extended to MSMEs, reinforcing Stanbic's commitment to driving sustainable growth. >Assets under management grew 63%, driven by continued expansion of diversified investment and wealth solutions.

Aug 6, 2026·Wandabwa Wanyama·4 min read
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Stanbic Bank Kenya Chief Finance and Value Officer, Dennis Musau during the Stanbic Holdings PLC Half Year 2026 Financial Results.
EXPLAINER

Stanbic Holdings Plc Posts 27% Growth in Assets as H12026 Net Profit Rises to KES 6.6 Billion

>Customer deposits grew 28% to KES 422 billion, reflecting strong customer confidence and franchise strength. >Customer loans increased 24% to KES 290 billion, supporting business expansion, household prosperity, and economic activity. >KES 181 billion in concessionary lending extended to MSMEs, reinforcing Stanbic's commitment to driving sustainable growth. >Assets under management grew 63%, driven by continued expansion of diversified investment and wealth solutions.

Aug 6, 2026·4 min
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Majid Al Futtaim Continues to Expand in Kenya with New Carrefour Store in Kilifi
OPINION

Majid Al Futtaim Continues to Expand in Kenya with New Carrefour Store in Kilifi

Majid Al Futtaim has expanded its retail footprint in Kenya with the opening of Carrefour's 36th store, located in Kilifi. The new 1,500-square-metre outlet is the sixth Carrefour branch outside Nairobi and offers groceries, electronics, home appliances, and fresh food. The expansion underscores Carrefour Kenya's commitment to increasing access to affordable, high-quality products, supporting local suppliers, creating jobs, and strengthening supply chains while promoting inclusive the economy.

Jul 16, 2026·1 min
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