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StanChart eyes new revenue with Sanlam contract

SANLAM KENYA CEO MUGO KIBATI (LEFT) AND HIS STANDARD CHARTERED COUNTERPART LAMIN MANJANG DURING THE SIGNING OF A PARTNERSHIP DEAL FOR DISTRIBUTION OF GENERAL INSURANCE PRODUCTS ON OCTOBER 5, 2017. PHOTO | SALATON NJAU | NMG 

By  CONSTANT MUNDA

Correspondent

Standard Chartered Kenya #ticker:SCBK is seeking to expand its revenue streams in a new deal signed with Sanlam Kenya for sale of its insurance policies.

The bancassurance deal between Standard Chartered Insurance Agency and Sanlam General Insurance will see the listed lender sell Sanlam’s general insurance products in its halls for a fee.

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Note: The results are not exact but very close to the actual.

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