KCB Archives – CEO East Africa

Olive Kigongo, Cedric Babu’s Widow and KCB Bank in UGX 1.2b Kololo Property Fight

CEO East Africa MagazineThe Big StoryFebruary 20, 2026February 24, 2026

A high-value property in Kololo purchased at a value of UGX 1.2 billion has become the subject of a legal showdown between businesswoman Olive Zaitun Kigongo, her co-administrator Alison Gallagher,…

Sanjay Rughani and the Test of a Leaner Standard Chartered Bank

Jeff WintersThe Big StoryFebruary 9, 2026February 9, 2026

Last week’s signing between the Government of Uganda and Standard Chartered Bank offered a reminder of the institution’s enduring strength. The €641.1 million (UGX 2.75 trillion) financing package, covering power…

The growing influence of Sarrai Group: The company behind Kilembe Mines’ redevelopment

Paul MurungiBusiness & Markets Energy, Oil & Gas The Big StoryMarch 6, 2025March 7, 2025

On 14 April 2022, Justice Mabeya, of the High Court in Kenya cancelled a 20-year concession that had leased Mumias Sugar assets to Sarrai Group in December 2021. The termination…

UGX32.9 bn profit and UGX1.1 trillion in assets; KCB Bank caps off Ugandan 15th anniversary stronger

Muhereza KyamuteteraCompany News News & Analysis The Big StoryMay 11, 2023May 11, 2023

KCB Bank Uganda, a subsidiary of KCB Group, one of East Africa’s largest financial groups, reported that its net profit for 2022, grew by an impressive 344.6% from UGX7.4 billion…