Why Stanbic Picked Mwalimu Wambui Mbesa for Board Seat

By Nairobi Stocks Review

Stanbic Holdings, the parent of Stanbic Bank, has added Intrasoft CEO Wambui Mbesa as a member of its board of directors. Intrasoft is a global IT services company headquartered in Europe. Mbesa overseas Intrasoft’s operations in East Africa. She joined the Stanbic board on September 8.

Mbesa studied education at the Kenyatta University. She went on to study computer science at the Makerere University. She also has a Master’s degree in business administration.

What does Wambui Mbesa bring to the Stanbic board?

Before Intrasoft, Mbesa worked for an accounting software company in Uganda. Stanbic hopes to benefit from her wealth of experience spanning more than 20 years. Stanbic says Mbesa’s expertise will boost the digital and entrepreneurship skills on its board.

At Stanbic, the board helps keep the company on track in fulfilling its objectives. The board also ensures that the steps the company makes are in the best interest of shareholders.

Is Stanbic Holdings stock a good investment?

Stanbic Holdings made a profit of Ksh3.5 billion in the first half of 2021, compared to a profit of Ksh2.6 billion in the same period in 2020. The company plans to pay an interim dividend of Ksh1.7 per share to its shareholders on September 27.

How to buy Stanbic Holdings shares

You can buy Stanbic Holdings shares on the Nairobi Securities Exchange where they trade under “SBIC” ticker symbol. Before you can buy the NSE-listed Stanbic shares, you will need to open a CDS account.

Once you set up the account, you will decide the amount of shares to purchase and then place your order. Keep in mind that the minimum number of shares you can buy is 100. You may be able to buy Stanbic shares online if you choose the right stockbroker. (Read How to choose the best stockbroker for beginners).