Stanbic Holdings Facilitates KSh 76 Billion in Trade, Expands Green Finance and Inclusivity Efforts in 2024
Stanbic Holdings Plc facilitated over KSh 76 billion in trade and issued more than KSh 500 million in green energy loans in 2024, underlining its ambition to become the region’s most sustainable financial services provider. These figures are detailed in the Group’s latest sustainability report, themed “Deepening Impact while Building a Sustainable Future.”
The report showcases Stanbic’s growing influence in driving sustainable development, with efforts spanning climate change mitigation, inclusive finance, and enterprise growth. The bank introduced a dedicated sustainability scorecard to track ESG-linked targets, rolled out solar-powered branches, and planted over 8,000 trees as part of its environmental stewardship goals.
Dr. Joshua Oigara, CEO of Stanbic Bank Kenya and South Sudan, emphasized the bank’s strategic integration of ESG principles. “Sustainability remained deeply embedded in our operations, shaping the sectors we invest in and the services we offer,” he said.
The bank also made strides in supporting women entrepreneurs, disbursing KSh 37.8 billion in affordable financing through its D.A.D.A. platform, and reaching over 110,000 women-led businesses. Through the Stanbic Foundation, over 250,000 individuals have received digital skills training, while more than 40,000 MSMEs have benefitted from capacity-building initiatives.
In a push toward cleaner energy, Stanbic screened all facilities above $1 million for Environmental and Social risks and achieved a 99.9% waste recycling rate. The bank also issued KSh 63 million in concessionary funding to MSMEs and enhanced governance frameworks in line with global best practices.
Cabinet Secretary for Investment, Trade and Industry, Hon. Lee Kinyanjui, praised Stanbic’s efforts, calling the report a reflection of public-private collaboration for sustainable economic growth. “Stanbic’s trade facilitation efforts are a clear demonstration of the role private sector plays in realising Africa’s economic integration goals through the AfCFTA,” he noted.
With youth making up a third of the workforce, four out of seven board members being women, and the introduction of solar-powered infrastructure, Stanbic continues to position sustainability at the heart of its strategy.
As climate change and inclusive growth remain at the forefront of development agendas, Stanbic’s 2024 performance reinforces its role as a key enabler of Kenya’s green and equitable economic transition.
The report can be accessed here.
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