Press Releases


9th June, 2021

3rd May, 2021

3rd May 2021 Nairobi, Kenya. Standard Investment Bank (SIB), one of Kenya’s foremost financial Decade of Excellence Award in Investment Banking – Kenya (2021) by London-based Global Banking & Finance Review Magazine.

13th January, 2021

MansaX delivered 18.75% return after fees (23.75% gross return) in 2020 despite the effects of the COVID19 pandemic on both local and global markets. The return compares favourably with the 19.01% return after fees (24.01% gross return) which the fund achieved over a similar period in 2019.


18th November, 2020

The Capital Markets Authority (CMA) confirms that Standard Investment Bank (SIB), which operates as Kenya’s first Money Manager license (trading as MansaX), is in compliance with the Capital Markets Act, and the Capital Markets (Online Foreign Exchange Trading) Regulations, 2017. This follows unfounded claims that SIB may be operating the business in breach of the regulatory framework.

18th November, 2020

This statement seeks to address misinformation about MansaX as well as gross misrepresentations about how markets work in general and how a hedge fund is able to generate returns.

6th October, 2020

Standard Investment Bank, Kenya’s first and only CMA regulated Online Forex Trading Money Manager under the CMA Online Forex Trading Regulations 2017, has released the Q3’2020 performance for its flagship product MansaX, reporting an Annualized Return of 23.3% for the 9 months of the year 2020.

1st October, 2020

Standard Investment Bank (SIB) has been appointed by the Central Depository and Settlement Corporation (CDSC) to act as an agent to facilitate borrowing and lending of shares under a new investment path aimed at boosting stock trading at the NSE.

25th September, 2020

FourFront Management Limited, a subsidiary of Standard Investment Bank has today been admitted to the Regulatory Sandbox by the Capital Markets Authority, becoming the 7th firm included in the live testing environment for capital markets innovations.

4th August, 2020

Standard Investment Bank provided co-lead advisory services for the listing along with PwC, BK Capital, Bank of Kigali, Quake and Trust Law Chambers. CIMERWA was given the nod to list by Rwanda’s Capital Markets Authority and the RSE, with shares trading at 120Rwf per share.

Mentions & Recognitions


6th April, 2020

Standard Investment Bank (SIB) forex and commodities trading platform made a return of 24.45 percent in the three months to March on the back of asset price volatility in the global market in the wake of coronavirus.  In a brief to investors, SIB says its returns in Quarter One beat the Nairobi bourse index, which posted negative 25.9 percent return as foreign investors fled the equities markets across the globe.

31st March, 2020

In a bid to draw in mass retail investors, Standard Investment Bank (SIB) plans to lower the requirements for online forex trading.  The licensed online forex trading money manager currently runs Mansa-X, a fund that invests in global online forex markets, where an investor needs to put in a minimum of Sh250,000 for at least six months.  SIB now plans to introduce another product that will enable retail investors to put in as little as Sh100 and, just like with Mansa-X, expose them to different global markets.

4th March, 2020

Small-cap stocks at the Nairobi Security Exchange (NSE) were for the second straight month the best performing at the bourse in terms of price appreciation as investors continued to hunt for bargain, market data shows.  The gains though were less pronounced than in January as the market felt the effects of investor caution due to the fears of the coronavirus (since named Covid-19) impact economies.

3rd March, 2020

The Nairobi Securities Exchange (NSE) experienced increased foreign selling pressure in February with net outflows for the month topping Sh2.7 billion ($26.3 million).  Data from Standard Investment Bank (SIB) showed foreign investors had turned net sellers during the month compared to net buyers in January when net inflows amounted to Sh533.1 million (or $5.3 million).

26th February, 2020

“They will walk home with zero. They have lost everything.”

These dreadful words were uttered last month by Peter Kahi, the court-appointed administrator of Nakumatt about investors who had taken up the supermarket’s commercial debt papers or corporate bond.  This was after creditors owed Sh35 billion voted to liquidate the fallen retail giant.

26th February, 2020

The Treasury’s plan to expand the amount of domestic borrowing to finance the budget and high level of non-performing loans are likely to constrain growth of credit to the private sector even with a lower base rate, Standard Investment Bank (SIB) says.

21st February, 2020

The Treasury’s plan to expand the amount of domestic borrowing to finance the budget and high level of non-performing loans are likely to constrain growth of credit to the private sector even with a lower base rate, Standard Investment Bank (SIB) says.

20th February, 2020

Kenya’s biggest telecoms operator Safaricom will consider awarding a contract to China’s Huawei as it rolls out its fifth generation (5G) network this year, its acting chief executive said on Wednesday.

15th February, 2020

Banks are yet to resume lending to firms that they had considered risky in the interest rate capping era.  The banking industry campaigned for the repeal of the Banking (Amendment) Act of 2016 that introduced a ceiling on interest rates, arguing that it could not advance credit to many businesses that it deemed risky and that it could only lend at higher rates than what the law had stipulated.

14th January, 2020

Rising gold prices and investments in US stock exchanges through Kenya’s first money manager at Standard Investment Bank (SIB) beat returns from the Nairobi bourse last year.

In a brief to investors, SIB said its forex and commodities trading platform made a return of 24 percent in its first full year of operations.

8th January, 2020

Standard Investment Bank (SIB) has been feted for allowing Kenyan investors to buy precious metals such as gold, silver and copper as well as invest in US stock exchanges through its platform.


9th October, 2019

Nairobi-based Standard Investment Bank (SIB) has launched a fund for investment in currencies, commodities and precious metals following licensing by the Capital Markets Authority (CMA).

The fund, dubbed Mansa-X, will also invest in indices such as S&P 500, Dow Jones, FTSE, Nikkei, German 30 and the NASDAQ.

7th October, 2019

Kenya’s Standard Investment Bank (SIB) is now offering investors in the region alternative investment options in gold, oil, gas, foreign currencies, global indices such as S&P 500 and global stocks such as Facebook, Apple and General Electric with as little as Ksh10,000 ($100). This is a shift from the underperforming stock and corporate bond markets in the region.

26th August, 2019

Safaricom customers borrowed Sh81 billion over the first six months of this year on the telecommunication company’s Fuliza overdraft facility, new data shows.  Analysts at Standard Investment Bank (SIB) say the amount is based on results published by the telco’s partner banks.

15th August, 2019

Rising gold prices and investments in US stock exchanges through Kenya’s first money manager at Standard Investment Bank (SIB) beat returns from the Nairobi bourse in the first seven months to July.  In a brief to investors, Standard Investment Bank said its forex and commodities trading platform made a return of 22.17 per cent in the last seven months.

21st July, 2019

Data from the NSE show that Sterling Capital traded contracts worth Sh940,000 with Standard Bank closing deals worth Sh427,417 from the first day of trading on July 4 to July 15.

22nd May, 2019

The US’s blacklisting of Chinese tech giant Huawei could potentially filter through to the Kenyan market due to the high exposure by government and leading telcos to the firm’s equipment, a local investment bank has said.

12th March, 2019

Standard Investment Bank (SIB) and a top law firm have been ranked among Africa’s top dealmakers on the back of the Sh35 billion takeover of KenolKobil.

The investment bank was placed fifth among Africa’s financial advisers by Deal Makers Africa while law firm Bowmans (formerly Coulson Harney Advocates) emerged eighth on the continent.

7th March, 2019

Kenya Power will have to rely more on cheaper power sources to defend its margins, Standard Investment Bank (SIB) has said, adding that reduced electricity tariffs may put its revenues under pressure.

SIB says the State-owned power firm will increasingly have to rely on good weather patterns to purchase more units from less-costly sources such as hydro in order to mitigate reduced consumer tariffs.

7th January, 2019

Standard Investment Bank has tapped a top executive of Bank of Africa to head online foreign exchange trading business.

The investment banker has appointed Nahashon Mungai as the executive director of its new global markets diversions in the push to increase the firm’s revenue streams that include share and bond trading commissions as well as advisory fees.


23rd December, 2018

Kenya’s Standard Investment Bank (SIB) has ventured into online forex trading as part of efforts to diversify its income streams, following the poor performance of its stock and bond trading.

28th November, 2018

KCB Group is on track to achieve a targeted return on shareholders funds of 21.1 percent after attaining a 22.8 percent target in the nine months to end of September, Standard Investment Bank (SIB) says.

The analysts said with company’s potential to get higher revenues and profit, the current stock price is at a discount to the market. A higher return to the funds or on average equity (ROaE) would depend on both interest and non-interest income.

20th June, 2018

Regional cement maker ARM Cement could be forced to delist from the Nairobi Securities Exchange if negotiations with three potential buyers do not succeed.


5th September, 2017

Businessman Benson Ndeta is set to take controlling stake of Savannah Cement after he gained regulatory approval for a deal that would increase his interest in the company by 29.4 per cent.  In a press release, the Competition Authority of Kenya said it had unconditionally okayed Mr Ndeta’s acquisition of Savannah Cement.


4th August, 2015

National carrier Kenya Airways requires up to Sh100 billion new funding to stay afloat, Standard Investment Bank analysts have estimated.  The amount is required in the form of fresh capital injection to reduce the carrier’s debt burden.


7th September, 2015

Safaricom Wednesday regained its position as the most valued company at the stock exchange, boosted by a fresh rise of its share price which touched an intra-day high of Sh5, equivalent to the 2008 initial public offering (IPO) price.