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SIB targets coast market with mega branch in Mombasa

The Standard Investment Bank (SIB) has opened a mega branch at Nyali Centre in Nyali Sub-County, Mombasa County.

Speaking in Mombasa on Thursday, SIB Founder and Managing Director James Wangunyu reiterated the bank’s commitment to providing innovative financial solutions to investors.

He emphasized that the bank remains dedicated to ensuring investors have access to diverse financial products tailored to their needs.

“In 2018, we became the first investment bank in Kenya to offer local clients access to global financial instruments through our special collective investment scheme, the MansaX Special Fund,” Wangunyu stated.

He emphasized that the expansion to Mombasa is a strategic move to bring world-class financial solutions closer to the dynamic Coastal Region.

“The opening of the Nyali Centre branch is a testament to the bank’s unwavering dedication to progress and prosperity,” Wangunyu said.

On his part, Mombasa County’s Trade and Investment Executive Member, Mohamed Osman, affirmed that the county has implemented measures to create a conducive business environment, attracting more investors to the region.

“We have put in place all necessary measures to attract investors to Mombasa County,” Osman stated, adding that these efforts have significantly contributed to business growth.

“As a result of our investment-friendly policies, we have witnessed a surge in businesses thriving within the county,” he added.

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