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April 20, 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

    • Ibrahim Kaddunabbi Lubega has led Uganda’s Insurance Regulatory Authority since 2010, overseeing the sector’s growth from UGX 240 billion to over UGX 2 trillion. His long tenure has brought stability and expansion, but now faces scrutiny as questions emerge over term limits and the future leadership of the Authority.
      Who Will Be the Next Insurance Regulatory Authority CEO: Or Will Lubega Be Granted a Fourth Term?
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    • Victoria University Named Among Nine Accredited to Train Pharmacists as PSU Tightens Standards
      by CEO East Africa Magazine
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    • FIA Executive Director Samuel Were Wandera and Justice Bonny Isaac Teko stand at the center of Uganda’s evolving anti-money laundering landscape, where assertive enforcement meets judicial insistence on due process, highlighting a system striving to balance swift intervention with evidence, oversight, and timely, lawful case resolution across institutions and sectors.
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