Political instability in Kenya contributed to the seventh consecutive deterioration in business conditions in November. Although at a slower pace, the deterioration in the health of the private sector in November remained marked.
Stanbic Bank Kenya has today launched a new business unit called Wealth dedicated to offering a complete range of financial services including Life and General insurance, investments, health solutions and international products/services for individual and business clients across all points of contact with customers.
Kenyan startup, M-Shule, which uses artificial intelligence to deliver personalized education content through SMS and the internet, is set to participate in Seedstars Summit, an annual global seed-stage startup competition planned for Switzerland, for an opportunity to win up to KSh51.8 million (US$500,000) in equity investment thanks to Stanbic Bank.
Political instability led to another severe contraction in the Kenyan private sector during October.
Stanbic Bank Kenya has been named the Best Private Bank in Kenya for the third year running during the 2017 the Banker & Professional Wealth Management Global Private Banking Awards that recognises excellence in wealth management.
Stanbic Bank Kenya has been ranked as the safest bank in Kenya. This is according to international financial publication, Global Finance, which has just released its 26th Annual World Safest Bank awards list.