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March 6, 2026
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    Loan default

    Standard Chartered Kenya Targets Nakumatt Properties in $14.3 Million Debt Recovery Battle

    Paul MurungiBanking & Financial ServicesBusiness & MarketsThe Big StoryMarch 6, 2026March 6, 2026

    Standard Chartered Bank Kenya has issued a statutory notice to Nakumatt Investments, paving the way for the possible auction of several properties linked to the collapsed supermarket chain over loan…

    Stanbic Bank Uganda Limited Takes Over Mogas in Recovery Effort

    CEO ReporterCompany NewsNews & AnalysisOctober 18, 2021October 18, 2021

    Stanbic Bank Uganda has placed oil marketing company Mogas Group under receivership in order to recover outstanding loans. In a statement, the Bank says: “Stanbic Bank Uganda Limited has placed…

    Creditors Place Biscuit Maker Britania Foods under Administration

    CEO ReporterThe Big StoryAugust 19, 2021August 19, 2021

    Britania Foods Limited, makers of biscuits, has been placed under administration under Peter Kahi of PKF Consulting Limited. According to reports, Britania,s troubles come from defaulting on loans worth more…

    Businessman Tailor ordered to pay $40,000 for defaulting on a Prime Finance Company Loan

    Ephraim KasoziLegal & JusticeNews & AnalysisMay 12, 2021May 12, 2021

    Court has ordered businessman Rajni Tailor to pay more than $40,048 (UGX141.8m) as compensation for defaulting on loan repayment to a financial institution. Justice Susan Abinyo of the Commercial Division…

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    Latest Stories

    • Ruparelia Foundation to Hold Free Eye Camp in Bukedea in Honour of Rajiv Ruparelia
      by CEO East Africa Magazine
      March 6, 2026
    • Standard Chartered Kenya Targets Nakumatt Properties in $14.3 Million Debt Recovery Battle
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      March 6, 2026
    • Bank of Uganda Governor Michael Atingi-Ego, who now oversees the country’s banking supervision and resolution framework as the central bank confronts lingering questions about reforms following Parliament’s COSASE investigation.
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    • Damali Ssali says African women leaders are not just taking seats at the table; they are redesigning power by blending global thinking with deep local insight.
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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
      • Manufacturing & Industry
      • 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
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