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    Paul Murungi

    About the Author

    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.

    • @https://x.com/paulmurungiug
    • Send me an email!

    Tight Rules, Big Money: Energy Ministry Restricts Gold Trade to Licensed Operators as Central Bank Enters a UGX 20 Trillion Market 

    Paul MurungiEnergy, Oil & GasThe Big StoryDecember 19, 2025February 13, 2026

    The Ministry of Energy and Mineral Development has tightened control over Uganda’s gold trade, unfolding against a backdrop of record-breaking export earnings, a planned entry of the central bank into…

    Absa, ENS Africa, A&O Shearman and Nomura Advise Asahi Holdings on USD 2.3bn Acquisition of 65% Stake in EABL

    Paul MurungiEast AfricaGlobal NewsThe Big StoryDecember 18, 2025December 18, 2025

    Asahi Group Holdings, the Japanese brewing and beverages giant, has picked Absa Bank Kenya PLC, ENS Africa, A&O Shearman and Nomura Holdings to advise on its USD 2.3 billion acquisition…

    Parliament approves UNOC’s UGX 7 trillion loan from Vitol Bahrain to fund oil refinery, Kenya pipeline shares and storage facilities

    Paul MurungiEnergy, Oil & GasThe Big StoryDecember 17, 2025December 18, 2025

    Parliament has approved a proposal authorising the Uganda National Oil Company (UNOC) to borrow up to USD 2 billion (UGX 7.12 trillion) from Vitol Bahrain E.C. (VBA), a global trader…

    Redefining the CFO Role in Oil and Gas: How UNOC’s Emmanuel Mugagga Is Executing Strategy for National Impact

    Paul MurungiBanking & Financial ServicesEnergy, Oil & GasThe Big StoryDecember 16, 2025December 18, 2025

    Emmanuel Mugagga is the Chief Financial Officer of the Uganda National Oil Company (UNOC) and Winner of the Strategy Execution Award at the 9th edition of the Chief Financial Officer…

    Kilembe Mines, Woodcross Resources top list of mining companies defaulting on mineral rent at UGX 3.75 billion

    Paul MurungiEnergy, Oil & GasThe Big StoryDecember 16, 2025December 16, 2025

    Government has issued a default notice of dozens mining companies and licence holders after unpaid mineral rent arrears climbed to UGX 3.75 billion.  Woodcross Mining Company Limited and Kilembe Mines…

    UEDCL seals UGX 190 billion loan facility from Absa Bank Uganda amid performance probe

    Paul MurungiPolitics & GovermentThe Big StoryDecember 16, 2025December 16, 2025

    Uganda Electricity Distribution Company Limited (UEDCL) has secured a five-year financing facility worth USD 50 million (about UGX 190 billion) from Absa Bank Uganda to fund urgent upgrades to the…

    Ernest Rubondo to Step Down After a Defining Decade as Executive Director of PAU

    Paul MurungiEnergy, Oil & GasThe Big StoryDecember 16, 2025January 10, 2026

    The Petroleum Authority of Uganda (PAU) has commenced the search for its second Executive Director, formally opening the next chapter in the leadership of Uganda’s oil and gas regulator.  The…

    Uganda Airlines, Jenifer Bamuturaki, and the reckoning of 2025

    Paul MurungiEast AfricaThe Big StoryDecember 15, 2025March 3, 2026

    When veteran journalist Andrew Mwenda posted a video of weary passengers stranded at Entebbe International Airport, his words cut deeper than the images themselves. “The tragedy happening at Uganda Airlines…

    Breaking Barriers: Charles Mudiwa on Intergenerational Leadership at Makerere 

    Paul MurungiBanking & Financial ServicesCompany NewsDecember 12, 2025December 12, 2025

    On 3rd December 2025, dfcu Bank CEO Charles Mudiwa delivered a powerful address at the Emmanuel Tumusiime Mutebile Annual Public Lecture at Makerere University. Speaking under the theme “Shaping Africa’s…

    Amanda Ayebare, AutoXpress CFO: Balancing Survival and Growth in the Adventurous SME Landscape

    Paul MurungiBanking & Financial ServicesThe Big StoryDecember 12, 2025December 12, 2025

    AutoXpress Uganda CFO, Amanda Ayebare won the SME CFO Award at the 9th edition of the Chief Financial Officer Awards 2025– an initiative of ACCA Uganda and Deloitte Uganda. In…

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    Latest Stories

    • MTN Group refreshes board with five new directors
      by Kisakye Imani
      March 29, 2026
    • Diamond Trust Bank Exits Burundi Market, Sells Subsidiary to Local Investors
      by Paul Murungi
      March 29, 2026
    • Some of the children supported by the Uganda Child Cancer Foundation pose in the 2026 Childhood Cancer Colour Run kit, embodying the resilience and hope driving this year’s campaign.
      Behind Every Step, A Child’s Story: Why Uganda Must Show Up for the 2026 Childhood Cancer Colour Run
      by Muhereza Kyamutetera
      March 28, 2026
    • Pearl Bank Donates Motorcycles to Help Church of Uganda Inspect Remote Schools
      by Paul Murungi
      March 27, 2026
    • Government plans to reduce the vehicle import age limit to 13 years and increase environmental levies on older vehicles to cut emissions, save foreign exchange, and boost revenue in the 2026/27 financial year.
      Govt Moves to Ban Importation of Cars Older Than 13 Years
      by Jeff Winters
      March 27, 2026
    • She Chose Humanity: How Miriam Opwonya Laker-Oketta Is Redefining Leadership through Dignity and Compassion
      by Kisakye Imani
      March 27, 2026
    • Under the new proposal, promoters will be required to deduct 6% and 15% withholding tax from payments to local and international artists, respectively, as government moves to tighten compliance in Uganda’s informal entertainment sector starting 2026/27.
      Promoters Will be Required to Withhold 6% or 15% on Payments Made to Artists in New Tax Measures
      by Jeff Winters
      March 27, 2026
    • OPINION: It’s Not Just More Work—Boardroom Leadership Has Become a Different Kind of Job
      by Guest Writer
      March 27, 2026
    • Ramathan Ggoobi is steering Uganda toward a new fiscal era, pairing fresh taxes with aggressive enforcement to raise nearly UGX 4.8 trillion. His strategy signals a shift from policy to compliance, betting that smarter collection, not just higher taxes, will unlock revenue and reshape how the country funds its development ambitions.
      Inside Ramathan Ggoobi’s Plan to Raise UGX 2.3 Trillion in New Taxes and UGX 2.54 Trillion Through Enforcement
      by Jeff Winters
      March 26, 2026
    • UNOC Calls for Stronger QHSSE Standards as Sector advances to Oil Production
      by Brian Emorut
      March 26, 2026

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