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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!

    Kenya Gov’t to Sell 15% Safaricom Stake to Vodacom in KShs 245 Billion (UGX 6.6 Trillion) Deal

    Paul MurungiCompany NewsEast AfricaThe Big StoryDecember 4, 2025December 4, 2025

    Kenya Gov’t to Sell 15% Safaricom Stake to Vodacom in KShs 241 billion (UGX 6.5 Trillion Deal) The Kenyan government Kenya has officially begun the process of selling a 15…

    Pearl Bank CFO Peter Ssenyange (CFO of the Year 2025) on Culture and the Modern Financial Leader’s Purpose 

    Paul MurungiBanking & Financial ServicesThe Big StoryDecember 4, 2025December 4, 2025

    Appointed in June 2020, Peter Ssenyange is the Chief Financial Officer at Pearl Bank (formerly PostBank Uganda Limited), and is part of the leadership team that is transforming the bank…

    Beyond the Balance Sheet: How Uganda’s Top CFOs Are Forging Legacy Through Purpose, People, and Unwavering Integrity

    Paul MurungiBanking & Financial ServicesThe Big StoryDecember 3, 2025December 5, 2025

    Eight finance professionals won ten awards at the 9th edition of the Chief Financial Officer (CFO) Awards 2025 with Peter Ssenyange, CFO, Pearl Bank Uganda Limited emerging the overall CFO…

    OPINION: Driving sustainability and transformation in banking: A journey beyond profit

    Paul MurungiBanking & Financial ServicesThought LeadershipDecember 3, 2025December 3, 2025

    By Peter Ssenyange For a long time, the success of a bank was measured in numbers: quarterly margins, loan-to-deposit ratios, and cost-to-income efficiency.  But today, that narrative is being rewritten….

    Q&A: As Debt Surges, Equity Group’s Mwangi Says It’s Time for African Governments to Hand Development Projects to Private Sector

    Paul MurungiBanking & Financial ServicesThe Big StoryDecember 1, 2025December 1, 2025

    In a sweeping call for economic recalibration across the continent, Equity Group Managing Director and CEO, Dr. James Mwangi, has urged African governments to “let the private sector take on…

    East Africa has great potential; we will invest more, says Paul  Hanratty, Sanlam Group CEO 

    Paul MurungiBanking & Financial ServicesThe Big StoryDecember 1, 2025December 1, 2025

    The B20 Summit places productivity and resilience at the heart of Africa’s economic future.  Which structural weaknesses in Africa concern you most, and how is Sanlam positioning itself to strengthen…

    Serena Hotels Operator Issues Profit Warning After Half-Year Loss of KShs 16 Million (UGX 448 million)

    Paul MurungiThe Big StoryNovember 30, 2025December 1, 2025

    TPS Eastern Africa PLC, the operator of Serena Hotels, has issued a profit warning for the financial year ending 31 December 2025 after slipping into a half-year loss, marking a…

    TotalEnergies Spends UGX 4.6 Billion to Drill a Single Oil Well in Uganda—But Kingfisher’s Deeper Wells Push Costs Higher

    Paul MurungiThe Big StoryNovember 29, 2025November 29, 2025

    In Uganda’s Tilenga oil fields, where the low rumble of drilling rigs never stops, every passing hour of operation carries a price tag measured in tens of thousands of dollars. …

    Jubilee Holdings Restructures Uganda Operations After IRA Approves Amalgamation of Health and Life Insurance Units

    Paul MurungiBanking & Financial ServicesThe Big StoryNovember 28, 2025November 28, 2025

    Jubilee Holdings Limited has announced a major restructuring of its Ugandan operations following the approval of the Insurance Regulatory Authority of Uganda (IRA) to amalgamate its two subsidiaries—Jubilee Health Insurance…

    What Must Happen for Africa’s Economic Breakthrough? Absa Group CEO Kenny Fihla Has a Powerful Answer

    Paul MurungiBanking & Financial ServicesThe Big StoryNovember 28, 2025November 28, 2025

    When Kenny Fihla walked onto the stage at the B20 Summit in Johannesburg, there was a sense that the room was bracing for more than a corporate address.  As the…

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    Latest Stories

    • Proposed tax hike on second-hand clothes is likely to reignite debate, as government eyes revenue and industrial growth, sparking concerns over a possible spike in prices, worsened by weak local capacity, and potential disruption to Uganda’s garments sector.
      Tax on Used Clothes to Increase to 30%
      by Jeff Winters
      March 29, 2026
    • L–R: Nicholas Kabanda (IPPU CEO), Geoffrey Waiswa Sajjabi (NSSF Chief Commercial Officer), Isaac Kyaligonza (Commissioner, Procurement Policy – Ministry of Finance), Patrick Kagaba Amooti, and Pelly Mugasi (Emeritus Director Procurement, Bank of Uganda) during the IPPU Coffee Connect at Sheraton Hotel, Kampala, where leaders of the procurement fraternity called for stronger professional integrity, teamwork, and a renewed focus on financial literacy and early retirement planning.
      Living Longer, Saving Less: Experts Call on Procurement Professionals to Rethink Retirement Strategy
      by Muhereza Kyamutetera
      March 29, 2026
    • Government says the proposed excise duty on all cash withdrawals aims to boost revenue and fairness, as Uganda grapples with high cash usage and pushes toward a more transparent, digital financial system.
      All Cash Withdrawals Now to be Taxed
      by Jeff Winters
      March 29, 2026
    • 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

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