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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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    Nigerian Billionaire Aliko Dangote’s backed investors take over Java House restaurant chain 

    Paul MurungiEast AfricaLifestyleNews & AnalysisThe Big StoryMarch 11, 2025March 11, 2025

    Leading African private equity firms Alterra Capital backed by Nigerian Billionaire and Africa’s richest man, Aliko Dangote, and Phatisa- an equity firm, have signed agreements to acquire 100% of Java…

    Meet the influential women advancing Uganda’s energy industry 

    Paul MurungiIndustry & AnalysisThe Big StoryWomen In LeadershipMarch 8, 2025March 17, 2025

    Across the globe, countries are pushing towards energy transition and sustainable energy production.  Uganda has not been exceptional and a lot has been achieved but the country continues to push…

    Shattering premium ceilings: Women trailblazers breaking into a largely male-dominated insurance industry 

    Paul MurungiBanking & InsuranceThe Big StoryWomen Fixing UgandaWomen In LeadershipMarch 8, 2025March 8, 2025

    Uganda’s insurance sector has for long been viewed as a male-dominated sector, however, the last decade has seen more women rise into leadership ranks. On this Women’s Day, the CEO…

    Ugandans transacted UGX 435 billion per day through MTN mobile money in 2024 

    Paul MurungiFintechsIndustry & AnalysisThe Big StoryMarch 6, 2025March 7, 2025

    Ugandans on average transacted UGX 159 trillion on MTN Mobile Money, which translated to UGX 435 billion per day for the 12 months to December 2024.  Details contained in the…

    The growing influence of Sarrai Group: The company behind Kilembe Mines’ redevelopment 

    Paul MurungiIndustry & AnalysisMining/Oil & GasThe Big StoryMarch 6, 2025March 7, 2025

    On 14 April 2022, Justice Mabeya, of the High Court in Kenya cancelled a 20-year concession that had leased Mumias Sugar assets to Sarrai Group in December 2021.  The termination…

    Non-life continues to dominate insurance sector, but microinsurance is rapidly growing  

    Paul MurungiBanking & InsuranceNews & AnalysisThe Big StoryMarch 5, 2025March 5, 2025

    Insurance gross written premiums grew by 12.04%, increasing by at least UGX 192.4 billion in the three months to December 2024.   Details contained in the Insurance Regulatory Authority (IRA) Market…

    Meet the Big Bankers Bossing the Bancassurance Sector

    Paul MurungiBanking & InsuranceNews & AnalysisThe Big StoryMarch 4, 2025March 4, 2025

    Beyond the conventional channels of writing insurance premiums, insurers have also built a new revenue stream of bancassurance through which they partner with banks to recruit new policyholders.  During the…

    Hima Cement investor, Sarrai Group takes over Kilembe Mines with UGX 46 billion in accumulated losses 

    Paul MurungiIndustry & AnalysisMining/Oil & GasThe Big StoryMarch 3, 2025March 3, 2025

    Hima Cement investor, Sarrai Group is set to take over and re-develop Kilembe Mines based in Kasese District after signing a new agreement with the government.  Hima Cement which is…

    Policy covers generating the most income for insurance companies 

    Paul MurungiThe Big StoryMarch 3, 2025March 3, 2025

    Insurance gross written premiums grew by 12.04%, increasing by at least UGX 192.4 billion in the three months to December 2024.   Details contained in the Insurance Regulatory Authority (IRA) Market…

    Who are the top CEOs and companies dominating Uganda’s insurance sector performance? 

    Paul MurungiInsuranceNews & AnalysisThe Big StoryMarch 3, 2025July 24, 2025

    The insurance sector has continued to be pivotal in the financial sector.   However, it is largely dominated by a few companies with the largest share of premiums written by just…

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