Stanbic Bank has extended a $45 million cross-border funding facility to PepsiCo bottlers in East Africa, aimed at expanding operations, upgrading production lines, and strengthening regional supply chains. Figures from Business Insider Africa highlight that the funding is structured to support both working capital and strategic investment needs across Kenya, Uganda, and Tanzania.
According to Stanbic Bank’s official statement, the facility underscores the bank’s commitment to facilitating regional trade and supporting multinational corporations in Africa. “By structuring a cross-border solution in partnership with our colleagues in Kenya, we are advancing inclusive growth across financial, enterprise, and industrial dimensions,” said Paul Muganwa, Executive Director and Head of Corporate and Investment Banking at Stanbic Bank Uganda.
Industry analysts told Financial Times that the funding comes at a critical time, as beverage companies face rising input costs and supply chain challenges. The facility is expected to help PepsiCo bottlers maintain competitiveness while expanding market penetration in the region.
Figures from Bloomberg indicate that regional beverage consumption continues to grow, providing opportunities for scaling production and distribution. Investors are closely watching such financing arrangements, as they reflect broader confidence in East Africa’s consumer goods sector.
