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April 8, 2026
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    Emmanuel Rukeeba

    We are committed to due process, Stanbic breaks silence on mortgaged property sale scandal

    CEO ReporterCompany NewsSeptember 29, 2020September 29, 2020

    Stanbic has finally broken its silence on a case under investigation where seven of its executives are accused of conniving and cheaply selling to themselves a mortgaged property. In a…

    CAUGHT IN THE ACT: It took 52 days for senior Stanbic Bank executives to register a company, secure a loan, and buy on the cheap, a loan-stressed client’s property!

    CEO ReporterThe Big StorySeptember 26, 2020September 26, 2020

    Myriad Investment Club Ltd, a company belonging to Stanbic Bank’s senior executives that are accused of colluding with other bank staff to buy off, very cheaply, a property of a…

    IRRESPONSIBLE LENDING AND INSIDER TRADING: Stanbic Bank senior executives accused of cheaply selling to themselves client’s property

    Muhereza KyamuteteraThe Big StorySeptember 26, 2020September 26, 2020

    A client of Stanbic Bank Limited, Macdowel Limited, has asked police to investigate circumstances under which seven senior executives of Stanbic Bank Uganda, sold to themselves a mortgaged property on…

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    Latest Stories

    • Sipi Falls Lodge proprietor Saleh Naminya is at the center of a landmark insurance dispute following a fire that destroyed his investment and triggered a contested claim. James Kinyua, Managing Director of CIC Africa (Uganda), leads the insurer resisting payout, while Shafi Nambobi, Chief Executive Officer of UGAFODE, represents the source of the money whose loan exposure is tied to the disputed claim.
      Burnt Investment, Broken Claim: A Tourism Lodge Owner’s Legal Battle with CIC Life Insurance
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    • Phillip Karugaba argues that while Uganda’s proposed Protection of Sovereignty Bill 2026 is grounded in a legitimate desire to safeguard national interests, its sweeping scope risks stifling investment, constraining business activity, and undermining fundamental freedoms—ultimately doing more harm to the country’s economic and constitutional stability than the foreign influence it seeks to control.
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    • Paul Mwesigwa’s First Year: UEDCL Hits UGX 1.71 Trillion in Revenue, Rolls Out $994m Grid Recovery Plan After Umeme’s Exit
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    • Muhereza Kyamutetera (left), Executive Editor of CEO East Africa Magazine, with Evans Browns (right), Group Head of Products at I&M Bank, during a conversation in Nairobi on how I&M Brisk is simplifying cross-border banking and enabling seamless movement of money, trade, and opportunity across East Africa.
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    • From left: Apollo Makubuya, Jacqueline Asiimwe, Gloria Byamugisha, and Crystal Kabajwara—four accomplished leaders whose early reflections on And Then What? by Francis Kamulegeya (centre) are shaping the conversation ahead of its 30 April 2026 launch, each offering a distinct perspective on success, purpose, and what it truly means to build a life of lasting impact.
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    • Four powerful figures at the center of East Africa’s energy sector upheaval; Mohamed Liban, Kenya’s Principal Secretary for Petroleum; Joe Sang, former Managing Director of the Kenya Pipeline Company; and Daniel Kiptoo Bargoria, former EPRA Director General, have all exited office amid a deepening fuel supply scandal under investigation. Across the border, James Mwainyekule, Tanzania’s EWURA Director General, has been dismissed following a sharp surge in fuel prices. Together, their downfalls signal a broader regional reckoning, as governments confront mounting pressure over fuel governance, regulatory accountability, and the growing economic toll of instability in critical energy systems.
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    CEO East Africa
     
    Thought Leadership
    • Business & Markets
      • The Big Story
      • Company News
      • Banking & Financial Services
      • News & Analysis
      • Technology & Innovation
      • Energy, Oil & Gas
      • East Africa
      • Investigations & Special Reports
      • Economy & Policy
      • Markets & Money
      • Global News
      • Hospitality & Tourism
      • Real Estate & Construction
      • Legal & Justice
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      • Media & Communication
      • News In Pictures
      • Politics & Goverment
      • Regulation & Compliance
      • Sponsored Content
      • Agriculture & Agro-industry
    • Leadership & Governance
      • CEO Perspectives
      • Executive Profiles
      • Women In Leadership
      • Entrepreneurship
      • Transitions & Succession
      • C-Suite Leadership
      • Boards & Governance
      • Thought Leadership
      • Ugandans Excelling Abroad
    • Lists & Rankings
      • 100 Leading & Admired CEOs
      • 100 Most Trusted & Respected Companies
      • 100 Women Fixing Uganda
      • Billionaires
      • 100 Women in Finance
      • 50 Leading CFOs
      • 50 Leading CHROs
      • CEO Of The Week
      • The CIO/CTO Power List
      • The Uganda 300 Index
      • Top 50 CMOs
      • Top Law Firms
      • Uganda’s 100 Oil & Gas Leaders 2024
      • Product of the Week
    • Lifestyle
      • The Executive Traveler
      • Destinations & Hotels
      • Automobiles & Mobility
      • Property & Living
      • Fashion, Design & Style
      • Music & Entertainment
      • Food, Wine & Fine Dining
      • Leisure, Culture & Experiences
      • Philanthropy & Personal Legacy
      • Wellness, Health & Longevity
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