Stanbic Holdings Plc engages in the banking, insurance agency, asset management, and stock broking businesses in Kenya and South Sudan. It offers savings and current, transactional, investment, fixed and call deposits; business overdraft and revolving credit; business term, commercial property, SME bizna, SME trader loans, as well as vehicle and asset finance; equity release, construction and vacant land financing, home loan, KMRC affordable housing, and cash advance; and corporate and business insurance. The company also provides bill avalisation, documentary collections, invoice discounting, and LPO/ contract financing; agribusiness solutions; credit and debit cards; home, travel, motor, and flexi protect insurance products; and corporate and business, corporate and business liabilities and liabilities, employee benefits, and SME business insurance products. In addition, it offers asset management services. The company was formerly known as CfC Stanbic Holdings Limited and changed its name to Stanbic Holdings Plc in October 2016. The company is headquartered in Nairobi, Kenya. Stanbic Holdings Plc is a subsidiary of Stanbic Africa Holdings Limited.
It’s been a while since we checked in on commodity markets, which, like other markets, are having quite the interesting year. In particular, gold continues its march upward, while oil remains in a slump. As for the rest, most have been up and down and ended up close to where they were a year ago. By the end, you’ll see why gold stocks still look cheap despite these record prices — and why oil stocks, oddly enough, look expensive even as crude declines.
Over the last 7 days, the market has dropped 2.9%, driven by declines in the Financials and Communication Services sectors of 2.8% and 2.6%, respectively. In the last year, the market is actually up 68%. As for the next few years, earnings are expected to grow by 23% per annum. Market details ›