Kenya: Stanchart Books Sh2.5bn Pension Charge After Kenya Court Ruling

Nairobi — Standard Chartered Bank has booked a Sh2.5 billion ($19 million) pension charge in its Kenya unit following a 2025 ruling by the Retirement Benefits Appeals Tribunal in favour of 629 former employees.

In notes accompanying its latest financial statements, the lender said the increase in its global pension deficit was partly driven by regulatory and legal developments in Kenya and India.

“In Kenya, the Retirement Benefits Appeals Tribunal ruled broadly in favour of a longstanding legal…