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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
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    Meet the 50 dynamic League of East African Directors’ Changemakers Reshaping Corporate Boardrooms

    Paul MurungiLists & RankingsThe Big StoryAugust 1, 2025September 13, 2025

    As East Africa’s private and public institutions face increasing scrutiny and complexity, the role of corporate boards has never been more important. At the heart of this governance awakening is…

    From Empire to Heirs: Inside the Wavamunno Business Succession and the Quiet Transition of Power

    Paul MurungiProfilesThe Big StoryAugust 1, 2025August 2, 2025

    For decades, the name Gordon Babala Kasibante Wavamunno has been synonymous with entrepreneurship in Uganda. He is a self-made mogul whose business empire spans transport, real estate, publishing, media, manufacturing,…

    Billions Sent Home, But to Whose Benefit? The Remittance Riddle Facing Ugandan Banks

    Paul MurungiThe Big StoryAugust 1, 2025July 31, 2025

    Every month, tens of thousands of Ugandan households receive life-sustaining  remittances from family members living abroad.  These funds, estimated at over USD 1.4 billion annually according to the Bank of…

    Banks Move to Crack Down on Substandard Real Estate Developers After Diaspora Property Outcry

    Paul MurungiReal Estate & ArchitectureThe Big StoryJuly 30, 2025July 30, 2025

    Ugandan Banks have responded to growing concerns from the diaspora community over the quality of real estate developments financed through mortgages, announcing a raft of reforms to protect buyers and…

    Bank of Uganda to Begin Buying Gold After Year-Long Wait

    Paul MurungiBanking & InsuranceThe Big StoryJuly 30, 2025July 30, 2025

    Uganda’s central bank is set to commence buying gold almost a year after announcing its domestic gold purchase programme, marking a significant shift in the country’s approach to reserve management…

    dfcu Bank Champions Inclusive Trade at Breaking Barriers to Trade 2025 Conference  

    Paul MurungiBanking & InsuranceCompany NewsJuly 29, 2025July 30, 2025

    dfcu Bank has reaffirmed its commitment to transforming Africa’s trade landscape through inclusive financial solutions, policy advocacy, and ecosystem partnerships. Speaking as a keynote speaker at the high-level gathering, Annette…

    Banking on belief: Why SMEs need more than bank credit to thrive

    Paul MurungiCompany NewsJuly 26, 2025July 26, 2025

    By Laura Bahemuka In Uganda’s economic landscape, Micro, Small, and Medium Enterprises (MSMEs) are the engine that drives productivity, jobs, and innovation. But ask any Ugandan SME entrepreneur, and they’ll…

    Official UETCL company memo announcing the resignation of CEO Joshua Karamagi and appointment of Eng. Richard Matsiko as Acting CEO, dated July 25, 2025, signed by Board Chairman Kwame Ejalu.

    BREAKING NEWS: UETCL CEO Joshua Karamagi Resigns, Eng. Richard Matsiko Appointed Acting CEO

    Paul MurungiThe Big StoryUETCLJuly 25, 2025July 25, 2025

    In a surprise executive shake-up, Uganda Electricity Transmission Company Limited (UETCL) has announced the resignation of its Chief Executive Officer, Mr. Joshua Karamagi, CFA. The Board of Directors accepted his…

    Sanlam-Jubilee Allianz merger approved by IRA Uganda – insurance industry transformation.

    IRA Approves Sanlam-Jubilee Allianz Merger, Paving Way for Major Shake-Up of Uganda’s Insurance Sector

    Paul MurungiBanking & InsuranceInsuranceThe Big StoryJuly 24, 2025July 26, 2025

    Uganda’s insurance sector is set for a major shake-up following regulatory approval for the long-anticipated merger between Sanlam General Insurance (Uganda) Limited and Jubilee Allianz General Insurance Company Limited. The…

    MTN Uganda Shareholders Approve Mobile Money Separation from Main Telco Business

    Paul MurungiFintechsThe Big StoryJuly 22, 2025July 23, 2025

    MTN Uganda’s shareholders have given the green light to a major corporate restructuring that will formally separate the company’s high-performing mobile money business, MTN MoMo, from its core telecom operations….

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