“Over the past 12 months we have been working closely with GuarantCo and SBM to bring this partnership to fruition,” said Jeff Vanden Berghe, the managing director of Bboxx Kenya. This marks Bboxx Kenya’s first local currency transaction, which allows us to bring more ren...
SBM, whose shares trade on the Stock Exchange of Mauritius, first entered the Kenyan market after acquiring bottom-tier lender Fidelity in 2016 at Sh100 before taking over Chase Bank. Chase Bank collapsed in 2016 with deposits of more than Sh100 billion, part of which was returned to small ...
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 ...