The Capital Markets Authority (CMA) has approved Stanbic Bank Kenya to process coffee payments at the Nairobi Coffee Exchange (NCE) in a move aimed at improving efficiency, transparency and ensuring timely payments within Kenya’s coffee sector.
Stanbic Bank Kenya becomes the second Direct Settlement System (DSS) provider, joining Co-operative Bank of Kenya which has been offering the service since August 2023.
In addition, the CMA the licensed Ahadi Coffee Limited and Cafforra Coffee Company Limited, in an initiative aimed at improving competition and efficiency in the Coffee industry. Ahadi Coffee is expected to offer brokerage services to coffee farmers, cooperative societies and traders at the NCE, while Cafforra Coffee will focus on marketing coffee on behalf of farmers and cooperatives in Kisumu County and its environs.
“The approvals will enhance transparency, efficiency and timely settlement within the coffee value chain for the benefit of farmers and other stakeholders,” said CMA Chief Executive Wyckliffe Shamiah.
Stanbic Bank Set to Benefit from Coffee Payment Settlement Role
Stanbic Bank’s onboarding to the NCE payment operations is expected to boost the lender’s income through transaction fees and float earnings. In the first quarter ended March 31, 2026, Stanbic Bank Kenya reported a 4.7% growth in total interest income to KES 11.5 billion, while non-interest income reached KES 7.6 billion, up 11.7% from KES 6.8 billion recorded in a similar period in the previous year. Stanbic posted a 5.5% rise in net income to KES 3.5 billion.
