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TodaySunday, May 03, 2026
Paul Murungi

Paul Murungi

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

Africa's richest man Aliko Dangote alongside Uganda's President, Yoweri Museveni and Kenya's President, William Ruto.

Dangote to Lead East Africa Oil Refinery Project in Tanzania

Africa’s richest man, Aliko Dangote, has pledged to lead the construction of a major oil refinery in East Africa, signaling a significant shift in the region’s push to reduce reliance on imported
April 23, 2026
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President Museveni (centre, in hat) poses for a photo with Presidential awardees: Geoffrey Ogwang, Director Midstream at the Ministry of Energy and Mineral Development; Gilbert Kamuntu, Chief Commercial Officer at the Uganda National Oil Company (UNOC); Ali Ssekatawa, Director Legal and Corporate Affairs at the Petroleum Authority of Uganda (PAU); and John Bosco Habumugisha, General Manager Uganda at EACOP Ltd.

Four Senior Ugandan Oil Officials Honoured with Presidential Awards 

Four senior officials at the forefront of Uganda’s oil and gas sector were recognised with Presidential Recognition Awards during this year’s Labour Day celebrations, in honour of their contribution to advancing the
May 2, 2026
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Hannington Wasswa (L), Director of Supervision at Bank of Uganda, Edward Mugerwa (2nd R), Director Administered Funds at Bank of Uganda, Dorothy Namarome Muinda (R), Manager Publicity and Customer Support at Bank of Uganda, during a photo moment with Julius Akais (2nd L), Pearl Bank's Supervisor for Agriculture and Partnerships, who received the individual accolade for his valued participation and partnership in the Agricultural Credit Facility (ACF), supporting the growth and development of Uganda's Agricultural and Business sector during a Bank of Uganda workshop held recently, April 22, 2026, at Hotel Africana.

Bank of Uganda Honours Pearl Bank for Boosting Agricultural and Small Business Financing

The Bank of Uganda has recognised Pearl Bank for its outstanding partnership and responsiveness in the Agricultural Credit Facility and Small Business Fund Schemes, which have accelerated the growth of Uganda’s agricultural
April 28, 2026
Mobile money agents are part of the backbone of Uganda’s financial system, taking the largest share of withdrawal fees. From a UGX 4,325 charge on a UGX 150,000 transaction, for instance, they earn about UGX 1,600, roughly 37%, reflecting their critical role in providing liquidity and enabling access to cash nationwide.
Mobile money agents are part of the backbone of Uganda’s financial system, taking the largest share of withdrawal fees. From a UGX 4,325 charge on a UGX 150,000 transaction, for instance, they earn about UGX 1,600, roughly 37%, reflecting their critical role in providing liquidity and enabling access to cash nationwide.

How Much Tax You Pay on Mobile Money and Why it Matters

On the surface, withdrawing money from a mobile wallet appears to be a straightforward transaction. You request cash from an agent, pay a fee, and walk away. But behind that single charge
April 27, 2026
The Governor of the Bank of Uganda, Dr. Michael Atingi-Ego (2nd L), handing the Pearl Bank operating license to Julius Kakeeto, Managing Director of Pearl Bank Uganda (2nd R), while Priscilla Akora, Head of Marketing and Communications at Pearl Bank Uganda (R), and Moses Kalyango, Executive Director of Supervision at the Bank of Uganda (L) look on.

From PostBank to Pearl: A Homegrown Bank Reimagining Banking in Uganda

There is something quietly significant unfolding in Uganda’s banking sector, and it goes beyond the headline numbers. Pearl Bank’s latest financial results for the year ended December 2025 tell a story of
April 14, 2026
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