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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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    10 years of Stanbic National Schools Championship: Living to the promise of nurturing entrepreneurship and innovation

    Paul MurungiCompany NewsWomen In LeadershipMarch 3, 2025March 3, 2025

    This year marks the 10th anniversary of the annual Stanbic National Schools Championship (NSC), the widely acclaimed entrepreneurship and innovation competition for secondary school students and teachers.  In an exclusive…

    Who is Soraya Hakuziyaremye, the newly appointed first female Governor of Rwanda’s Central Bank? 

    Paul MurungiAfricaBanking & InsuranceProfilesThe Big StoryFebruary 26, 2025February 26, 2025

    Rwanda’s President, Paul Kagame has appointed Ms. Soraya Munyana Hakuziyaremye as the first female Governor of the National Bank of Rwanda, which is a promotion from her initial role of …

    Ugandan court orders Kenyan businessman Atul Shah to pay UGX 1.3 billion rent arrears for defunct Nakumatt supermarket

    Paul MurungiCommercial JusticeEast AfricaThe Big StoryFebruary 24, 2025February 25, 2025

    The Commercial Division of the High Court in Uganda has ordered Kenyan businessman Atul Shah to pay Megha Industries Uganda $358,431 (UGX 1.3 billion) and UGX 24.3 million for breach…

    What does the UGX700 billion buyout mean for Umeme shareholders?  

    Paul MurungiEast AfricaFinanceThe Big StoryFebruary 24, 2025February 25, 2025

    Now that we know we have an idea of the Umeme buyout amount, what could be in it for shareholders?  Umeme has since last year been one of the most…

    British International Investment sells its 10 percent stake in I&M Group

    Paul MurungiAfricaBanking & InsuranceEast AfricaFinanceGlobal NewsThe Big StoryFebruary 22, 2025February 22, 2025

    British International Investment (BII), UK’s development finance institution and impact investor, has sold its 10.1% stake in I&M Group PLC, East  Africa’s banking group, to AfricInvest. The acquisition was made…

    DStv losing UGX 2.7 billion annually due to content piracy in Uganda 

    Paul MurungiAfricaFinanceICTIndustry & AnalysisNews & AnalysisTechnologyThe Big StoryFebruary 21, 2025February 21, 2025

    Pay television platform – DStv – is losing at least UGX2.7 billion due to illegal reproduction of its exclusive content by third parties through internet live streaming.  An investigation by…

    UCC asks UNBS to probe entry of devices illegally streaming MultiChoice and other pay TV content 

    Paul MurungiAfricaICTIndustry & AnalysisNews & AnalysisTechnologyThe Big StoryFebruary 20, 2025February 20, 2025

    Uganda Communications Commission (UCC) has asked the standards agency to investigate the illegal importation of streaming devices that are being used on the local market to reproduce content that is…

    Airtel Uganda reports UGX 317 billion in net profit as voice and data revenues grow 

    Paul MurungiEast AfricaFinanceNews & AnalysisTechnologyThe Big StoryFebruary 20, 2025February 20, 2025

    Airtel Uganda has reported a profit after tax (PAT) of UGX 316.7 billion for the 12 months to December 2024, signalling improved performance compared to in the same period in…

    Uganda sets tough certification rules for foreign engineers 

    Paul MurungiAfricaEast AfricaIndustry & AnalysisNews & AnalysisThe Big StoryFebruary 19, 2025February 19, 2025

    The Engineers Registration Board (ERB) is set to enforce a rule requiring all foreign nationals involved in engineering projects to register and obtain ERB certification within four months of their…

    Govt seeks to borrow UGX697b from Stanbic Bank to fund Umeme buyout 

    Paul MurungiAfricaEast AfricaFinanceMinistries, Agencies & DepartmentsNews & AnalysisThe Big StoryFebruary 17, 2025February 17, 2025
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