UK StanChart invests Sh413m in Kenyan e-commerce units

025163-01-02

Standard Chartered billboards hang above a bank branch in Hong Kong. FILE PHOTO | AFP

British lender Standard Chartered Plc has pumped in capital worth Sh413 million in two Kenyan e-commerce subsidiaries targeting the business payments and agriculture segments, the bank’s latest disclosures show.

The financier said in its annual report for 2022 that it has a capital outlay of Sh295.8 million in its trade financing platform Solv Kenya, which trades under its local subsidiary Solvezy Technology Kenya Limited.

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