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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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    I&M Bank partners with A Pass for maiden concert and celebration of 10-year music journey 

    Paul MurungiBanking & InsuranceCompany NewsFinanceFintechsICTIndustry & AnalysisNews & AnalysisJanuary 18, 2025February 8, 2025

    Ugandan singer and songwriter Alexander Bagonza, popularly known as A Pass, is set to hold his maiden concert on January 31, 2025, at the Kampala Serena.  The event, dubbed “A…

    Gov’t Agencies owe National Water UGX 73 billion in unpaid water bills

    Paul MurungiAfricaCEOsFood & DrinkGovernment AgenciesIndustry & AnalysisMinistries, Agencies & DepartmentsNews & AnalysisPolitics & GovernmentThe Big StoryJanuary 18, 2025January 18, 2025

    Government offices have continued to default on water bills which have ballooned to UGX 73 billion as the burden shifts to ordinary Ugandans who shoulder most of the payments.  Details…

    BREAKING NEWS: Cooper Motors shuts down operations in Uganda, other East African countries 

    Paul MurungiAfricaAfricaAgricultureCarsCompany NewsEast AfricaFinanceManufacturingNews & AnalysisThe Big StoryJanuary 17, 2025January 18, 2025

    Cooper Motors Corporation (CMC) Holdings, the parent company of CMC (Uganda) Limited has announced its decision to gradually wind down operations in Uganda, Kenya and Tanzania, in full compliance with…

    Procurement As a Strategic Function will Unlock Its Full Value for your Brand

    Paul MurungiBanking & InsuranceFinanceFintechsIndustry & AnalysisNews & AnalysisThought LeadershipJanuary 17, 2025January 17, 2025

    By Kenneth Kawuki The evolution of the procurement function from a peripheral role to a more strategic one is helping unlock its full value in companies and organizations. It is…

    Auditor General reveals most profitable and loss-making gov’t agencies

    Paul MurungiCEOsFinanceICTIndustry & AnalysisManufacturingNews & AnalysisThe Big StoryUETCLJanuary 17, 2025January 18, 2025

    The Uganda Electricity Transmission Company (UETCL) has been ranked as the most profitable public company with a profit of UGX 82.3 billion earned through energy sales in the Financial Year…

    MAN IN THE HOT SEAT: What challenges await Soumendra Sahu, Airtel Uganda’s new boss?

    Paul MurungiAfricaCEOsCompany NewsFinanceFintechsICTIndustry & AnalysisNews & AnalysisTechnologyThe Big StoryJanuary 16, 2025January 16, 2025

    Airtel Uganda has a new boss, Soumendra Sahu. He joins Uganda’s second-largest telco at an interesting time— increasing competition from MTN, the market share leader, and other independent ISPs. There…

    President Kagame appoints Jean-Guy Afrika as new CEO of Rwanda Development Board

    Paul MurungiAfricaAfricaCEOsEast AfricaFinanceIndustry & AnalysisNews & AnalysisProfilesThe Big StoryJanuary 13, 2025January 13, 2025

    Rwandan President Paul Kagame has tapped Jean-Guy Afrika, a fellow Rwandan seasoned economist who spent over a decade at the African Development Bank, to lead the Rwanda Development Board (RDB)…

    UGANDA’S 100 OIL AND GAS LEADERS: Mariam Nampeera Mbowa, Deputy General Manager TotalEnergies Uganda

    Paul MurungiCEOsCompany NewsIndustry & AnalysisLaw Firms (A - Z)Mining/Oil & GasNews & AnalysisProfilesThe LawyerWomen Fixing UgandaWomen In LeadershipJanuary 13, 2025January 13, 2025

    Nampeera’s position as a Deputy General Manager to Mr Phillipe Groueix – the General Manager, is anchored in all TotalEnergies oil activities in Uganda and is responsible for human resources…

    60 BILLION HEIST: Speaker Among forwards Bank of Uganda audit report to CID for further investigations 

    Paul MurungiBanking & InsuranceIndustry & AnalysisThe Big StoryJanuary 9, 2025January 9, 2025

    The Uganda Parliament Speaker, Anita Among has forwarded the Auditor General’s forensic audit report on the alleged loss of over UGX 60 billion from Bank of Uganda (BoU) to the…

    URA racks up UGX 15 trillion tax revenues from 4.8 million Taxpayers in first half of new Financial Year

    Paul MurungiThe Big StoryJanuary 8, 2025January 8, 2025

    Uganda Revenue Authority Commissioner General, John Rujoki Musinguzi has released net tax collections for the half-year from July to December 2024 recorded at UGX 15 trillion against a target of…

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    Latest Stories

    • Pearl Bank Made Christmas Feel Personal Again with Pearl Santa
      by Paul Murungi
      December 24, 2025
    • A series of portraits showing the Rwakatungu siblings together and individually, smiling and interacting naturally in indoor and outdoor settings, reflecting family unity, resilience, shared values, and the influence of their father on their journeys into leadership across banking, audit, and entrepreneurship.
      The Father Who Built Forward: How Values, Education, and Discipline Forged the Rwakatungu Family’s Resilience and Impact
      by Muhereza Kyamutetera
      December 24, 2025
    • Anthony Natif on Guardian Health: Building, Losing Control, and Exiting a Ugandan Startup
      Anthony Natif: Uganda’s Pharmapreneur Who Founded Guardian Health, Exited for USD Millions, and Turned to Founder Activism, Anti-Corruption, and Philanthropy
      by Muhereza Kyamutetera
      December 24, 2025
    • Deepak Pandey is poised for a comeback as CEO of the reorganised Jubilee Life Insurance, with insiders citing his experience, institutional knowledge and regional leadership as key to guiding the insurer’s next phase.
      Deepak Pandey Set for Comeback as CEO of Reorganised Jubilee Life Insurance
      by CEO East Africa Magazine
      December 23, 2025
    • Uganda Government Moves to Tighten Unregulated Imports of Unlicensed Starlink Equipment
      by Paul Murungi
      December 23, 2025
    • Uganda, Rwanda and Nigeria Affected as Trump Recalls Nearly 30 Ambassadors Globally
      by Muhereza Kyamutetera
      December 23, 2025
    • Outgoing CEO Latimer Mukasa (left) will hand over the reins at MUA Insurance to Nicholas Lutakome, a seasoned actuary and transformation-focused executive. The leadership transition marks the close of a steady-growth era under Mukasa and the start of a new chapter aimed at accelerated expansion, innovation, and deeper market inclusion under Lutakome.
      MUA Insurance Appoints CIC Uganda’s CEO Nicholas Lutakome as New Chief Executive Officer  
      by CEO East Africa Magazine
      December 23, 2025
    • Stephen Chikovore, Old Mutual General Insurance’s CEO in Uganda to Step Down in January 2026
      by Paul Murungi
      December 22, 2025
    • Powered by dfcu: How a Bank Overdraft, Grit, and Vision Lifted Dr. Richard Wemesa onto Uganda’s Best Farmers List
      by Paul Murungi
      December 22, 2025
    • The Tax Appeals Tribunal has upheld URA’s $100,000 penalty against TotalEnergies EP Uganda for delayed transfer-pricing disclosures, affirming enforceable audit deadlines. The decision signals tougher scrutiny for multinationals in the extractives sector as commercial oil production nears.
      TotalEnergies EP Hit With $100,000 Penalty Over Delayed Tax Audit Disclosures in Uganda
      by CEO East Africa Magazine
      December 22, 2025
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