A summary of key developments shaping the restructuring and insolvency landscape across East Africa and beyond is here.
It has been compiled from publicly available records, reputable news sources, and other open-source materials.
Highlights are outlined below.
Kenya: distressed companies
Developments include:
- one application for company voluntary arrangement;
- four petitions filed for company liquidation by the court;
- two companies placed under administration by direct appointment by the directors or shareholders; and
- three companies placed under voluntary liquidation.
Mauritius: insolvency and banking sectors
The principal measures relevant to the financial services, insolvency, and banking sectors in Mauritius include:
- Amendments to the Value Added Tax Act clarify that administrators, executors, receivers, or liquidators managing or winding up a business are required to set aside a sum from the business’s assets that appears sufficient to pay any VAT due.
- This sum must then be paid to the Mauritius Revenue Authority in accordance with the order of priority of payments to preferential creditors under the Insolvency Act.
Tanzania: economic updates
- Fitch retained Tanzania’s credit rating at B+
- There has been a marked increase in liquidations, particularly among companies established within the past five years. Most affected are firms in the entertainment and hospitality sectors.
- Cooper Motor Corporation Motors Group Limited, a subsidiary of the Al-Futtaim Group and the fifth-largest importer of vehicles in the East African Community, announced its exit from Kenya, Tanzania and Uganda, ending operations after over 40 years.
Uganda: general updates
- The World Bank informed the Government of Uganda that it would resume funding to Uganda, nearly two years after the global lender suspended new financing to the country in response to the country’s enactment of the Anti-Homosexuality Act, 2023.
- Following the enactment of the National Payment Systems Act, 2020, which requires a Central Bank licence for electronic money issuance, MTN Uganda Limited established MTN Mobile Money Uganda Ltd to comply with regulatory requirements.
Global updates
- Company insolvencies in England and Wales totalled 2 000 in September 2025, broadly unchanged from August 2025 (2 046) and September 2024 (1 967).
- According to the Banque de France, as of July 2025, France recorded 67 413 business insolvencies in the previous 12 months, marking a 5.9% year-on-year increase.
- In the first half of 2025, Germany recorded 12 009 business insolvencies, a 12.2% increase from the same period in 2024.Despite the rise in cases, total creditor claims fell to EUR 28.2 billion from EUR 32.4 billion, indicating that fewer large firms are collapsing.
- According to Spain’s Official State Gazette, as of August 2025, Spain had registered 4 034 bankruptcy proceedings, a 7.4% increase compared to 2024.
