StanChart eyes a share of Kenya’s rising e-commerce

Standard Chartered Bank branch on Kenyatta Avenue in a picture taken on January 3, 2020. PHOTO | SALATON NJAU | NMG

Standard Chartered Plc #ticker:SCBK is set to enter the local e-commerce business through Solv, a technology firm it first launched in India in December 2020.

The multinational’s local subsidiary, Standard Chartered Bank Kenya, is expected to be among the financial partners of the platform which offers small businesses an online marketplace, support services and credit from multiple lenders.

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