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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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    Bank of Uganda recovers UGX 30 billion of stolen money, more cash still missing 

    Paul MurungiThe Big StoryDecember 5, 2024December 6, 2024

    Bank of Uganda Deputy Governor, Micheal Atingi-Ego has exclusively revealed that it has recovered USD 8.2 million (UGX 30 billion) of the UGX 52 billion that was lost in a…

    UGANDA’S 100 OIL AND GAS LEADERS: Ms. Peninah Aheebwa, Director Economic and National Content Monitoring at Petroleum Authority of Uganda

    Paul MurungiLists & RankingsMining/Oil & GasWomen In LeadershipDecember 5, 2024December 6, 2024

    Peninah Aheebwa is responsible for ensuring cost-efficient oil and gas operations in the country, the economic feasibility of the projects and promoting the participation of Ugandans in the sector. Ms….

    INSIDE STORY: How Hima cement tax disputes, legal suits and climate pressures pushed Holcim Group out of East Africa 

    Paul MurungiThe Big StoryDecember 5, 2024March 26, 2025

    When the Swiss Holcim Group first announced its plans in July to sell the Nairobi listed Bamburi Cement business in Kenya to Amsons Group; it raised fear and left many…

    Australian firm to acquire 60 percent stake in Ntungamo and Mityana mining projects as rush for critical minerals surges globally

    Paul MurungiThe Big StoryDecember 4, 2024December 6, 2024

    Blaze Minerals Limited, an Australian listed firm has turned to Uganda as it seeks fulfill the global demand for critical minerals, with a 60 percent acquisition in Gecko Minerals Uganda,…

    Rubanda’s woman’s path to prosperity with dfcu Bank’s GROW Loan 

    Paul MurungiCompany NewsNovember 30, 2024November 30, 2024

    For years, Gillian Kiconco, a dedicated young woman from Rubanda District, dreamed of making a difference in Uganda’s agricultural sector.  With a Diploma in Crop Production and a Bachelor’s in…

    Former Equity Bank Executive Director, Elizabeth Mwerinde appointed Head of Commercial Banking operations at EcoBank   

    Paul MurungiThe Big StoryNovember 30, 2024November 30, 2024

    Seasoned Banker and former Equity Bank Executive Director for Public and Social Investments,  Elizabeth Mwerinde Kasedde has been appointed to lead commercial banking operations at EcoBank.  Ms. Mwerinde took to…

    How dfcu Bank is driving Financial Inclusion and Economic Empowerment in Northern Uganda

    Paul MurungiCompany NewsNovember 29, 2024November 29, 2024

    Northern Uganda’s economic landscape, driven largely by agriculture, has presented unique challenges and opportunities for financial inclusion. dfcu Bank has taken strategic steps to adapt its services and empower communities,…

    PostBank, UBTS Rally Ugandans to Donate Blood to reduce Blood Shortage in Health Care Facilities

    Paul MurungiCompany NewsNovember 29, 2024November 29, 2024

    PostBank Uganda has today teamed up with Uganda Blood Transfusion Services (UBTS) to rally Ugandans to donate blood to ensure that health centers have enough blood to save lives. The…

    How SACCOs and Saving Groups can Bridge the Financial Inclusion Divide: A Case of Wendi Mobile Wallet 

    Paul MurungiThe Big StoryNovember 27, 2024November 27, 2024

    By Brenda Mpoora  Saving and Credit Cooperative Societies (SACCOs) are making a tremendous contribution in promoting a savings culture and driving financial inclusion to the last mile user in Uganda. …

    BREAKING NEWS: Standard Chartered to sell its Wealth and Retail Banking businesses in Uganda, Zambia and Botswana

    Paul MurungiThe Big StoryNovember 27, 2024November 30, 2024

    London-based Standard Chartered Group is exploring the potential sale of its Wealth & Retail Banking (WRB) businesses in Botswana, Uganda and Zambia. The Group, in a published statement today said,…

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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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