Stanbic Bank tops up national 7s rugby series sponsorship

Stanbic Bank Chief Finance Officer Abraham Ongenge and Kenya Rugby Union Chairman Oduor Gangla pose for photos after renewing sponsorship agreement for Stanbic Bank Sevens Series in Nairobi.

The National Sevens Series has received a major boost from Stanbic Bank who have increased its sponsorship from KSh9 million to KSh14.35 million.

The new deal will see the six hosting clubs each receive KSh1.4 million up from KSh1 million they received last year. Teams will fight for a total prize fund of KSh1 million.

The series winners will get KSh500,000 while runners-up and second runners-up get KSh250,000 and KSh150,000 respectively. Division Two champions and runners-up will claim KSh150,000 and KSh50,000 respectively.

The circuit will have one sponsored women’s tournament, to be played during Christie Sevens, whose winner will take home KSh100,000. Stanbic Bank Chief Finance Officer Abraham Ongenge and Kenya Rugby Union (KRU) Chairman Oduor Gangla signed the new deal on Tuesday at the bank’s head office in Nairobi.

Ongenge said Stanbic Bank’s investment in the tournament is informed by its desire to promote a homegrown agenda through people and rugby.

“This investment has contributed to a thriving sports economy demonstrable in the socio-economic impact across sport, business and youth in the years we’ve worked with Kenya Rugby Union,” said Ongenge.