“We are delighted to partner with Bboxx and SBM Bank to make this solar home systems transaction happen to the benefit of people in Kenya,” said Emily Bushby, the chief operating officer of GuarantCo. “This is our sixth deal and first off-grid solar project in Kenya. W...
SBM has not disclosed the number of employees who left voluntarily or the number of staffers it intends to send home but sources within the bank say scores of mid and low-level bankers have received termination letters. “The voluntary employment separation scheme did not yield the expected resu...
SBM Bank has lost a bid to join a case filed by Ecobank seeking to place East African Cables Limited #ticker:CABL under receivership over a Sh190 million loan. SBM wanted to join the case as it seeks to recover Sh285 million from the electrical cables maker ...