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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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    Auditor General’s report on Umeme expected next week 

    Paul MurungiNews & AnalysisPolitics & GovernmentThe Big StoryMarch 21, 2025March 21, 2025

    Energy Ministry Permanent Secretary Irene Batebe has confirmed that the Auditor General’s report on Umeme’s buyout amount will be released next week, just a few days to the expiry of…

    UEDCL absorbs 90 percent of Umeme staff, seeks more UGX 1.3 trillion to stabilise power sector 

    Paul MurungiCompany NewsEast AfricaNews & AnalysisThe Big StoryMarch 19, 2025March 20, 2025

    The Uganda Electricity Distribution Company Limited (UEDCL) has absorbed an estimated 2,200 of Umeme staff, out of the 2,400 staff that the private power distributor holds currently.  UEDCL Managing Director,…

    Gov’t turns to Absa Bank for UGX 183 billion loan to fund UEDCL’s takeover from Umeme

    Paul MurungiBanking & InsuranceFinanceNews & AnalysisThe Big StoryMarch 19, 2025March 19, 2025

    Government, through Ministry of Finance is seeking about $ 50 million (UGX 183 billion) from Absa Bank as capital investment into the Uganda Electricity Distribution Company Limited (UEDCL) to fully…

    CONFIRMED: MTN to complete separation of Fintech unit from listed business before June 

    Paul MurungiAfricaNews & AnalysisThe Big StoryMarch 18, 2025March 20, 2025

    MTN is expected to complete the separation of its financial technology (Fintech) business from its listed company under MTN Uganda in the first half of this year.  The separation, which…

    Bank of Uganda starts regulating big Saccos 

    Paul MurungiBanking & InsuranceNews & AnalysisThe Big StoryMarch 17, 2025March 17, 2025

    Bank of Uganda has started the implementation of regulation of substantially well capitalised Savings and Credit Cooperative Societies (Saccos).  The move, which starts with the issuance of an MDI licence…

    ‘Uganda not listed’ as Trump plans travel ban on 43 countries 

    Paul MurungiAfricaLifestyleThe Big StoryTravelMarch 15, 2025March 15, 2025

    Uganda, Kenya and Nigeria are among the few African countries that will not face the consequences of a proposed travel ban by U.S President Donald Trump, which if implemented, will…

    UNBS hires three Japanese companies to inspect used motor vehicles

    Paul MurungiCompany NewsEast AfricaNews & AnalysisThe Big StoryMarch 14, 2025March 14, 2025

     The Uganda National Bureau of Standards has contracted inspection services of three international firms to provide Pre-Export Verification of Conformity (PVOC) for used motor vehicles, and other related equipment for…

    200 Ugandan companies liquidated in the last five years 

    Paul MurungiCompany NewsIndustry & AnalysisThe Big StoryMarch 13, 2025March 13, 2025

     At least 201 companies have been liquidated in the five years to June 2024, data from Uganda Registration Services Bureau (URSB) indicates.  However, new business registration has equally grown, with…

    Faces, Career profiles of the 21 newly appointed High Court Judges 

    Paul MurungiCommercial JusticeProfilesThe Big StoryMarch 12, 2025March 12, 2025

    On February 7, President Museveni appointed 21 judges of the High Court in acting capacity for a period of two years.  The CEO Magazine examines the the career profiles of…

    Search for credit: Borrowers register 10,730 securities worth UGX 16 trillion with URSB

    Paul MurungiFinanceIndustry & AnalysisThe Big StoryMarch 12, 2025March 12, 2025

    Uganda Registration Services Bureau (URSB) registered a significant increase in borrower securities or collaterals under the Security Interest in Movable Property registry in the year ended June 2024, an indication…

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