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March 18, 2026
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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
    • Send me an email!

    BAT Uganda Profit Falls to UGX 9.8b Amid Surge in Illicit Cigarette Trade

    Paul MurungiBusiness & MarketsCompany NewsThe Big StoryFebruary 26, 2026February 26, 2026

    British American Tobacco Uganda’s (BATU) net profit declined by 5.3% to UGX 9.76 billion for the year ended December 31, 2025, down from UGX 10.31 billion in 2024, as falling…

    UNOC Paid UGX 918 Billion for Kenya Pipeline Shares

    Paul MurungiEnergy, Oil & GasThe Big StoryFebruary 26, 2026February 26, 2026

    Uganda National Oil Company (UNOC) invested over UGX 918 billion in the recently concluded initial public offering (IPO) of Kenya Pipeline Company (KPC), marking one of the region’s largest state-linked…

    Outgoing EABL CFO Risper Ohaga Appointed APA Apollo Group CEO in Planned Transition

    Paul MurungiThe Big StoryFebruary 26, 2026February 26, 2026

    APA Apollo Group has announced a planned leadership transition that will see Risper Ohaga join the regional financial services group as Group Chief Executive Officer effective July 1, 2026, following…

    StanChart Kenya Appoints Gladys Warirah as New CFO and Executive Director After Chemutai Murgor’s Resignation 

    Paul MurungiThe Big StoryFebruary 26, 2026February 26, 2026

    Standard Chartered Bank Kenya has announced changes to its board and senior management, appointing Gladys Warirah as the new Chief Financial Officer and Executive Director while confirming the resignation of…

    Afreximbank Extends $50 Million Debt Financing to Spiro Electric Mobility Company

    Paul MurungiThe Big StoryTransport & LogisticsFebruary 25, 2026February 25, 2026

    Afreximbank has extended $50 million in debt financing to African electric mobility company Spiro, as the firm scales up its clean transport infrastructure across the continent.  The transaction, first reported…

    Pearl Bank Commits UGX 200 Million to JCRC’s USD 4 Million Bone Marrow Transplant Centre Under 4-Year Partnership  

    Paul MurungiBanking & Financial ServicesCompany NewsFebruary 24, 2026February 24, 2026

    Pearl Bank and the Joint Clinical Research Centre (JCRC) have announced a four-year strategic partnership to support the establishment of a specialized Bone Marrow Transplant (BMT) centre.  The facility is…

    Cabinet Approves UNOC Acquisition of 20.15% Stake in Kenya Pipeline Company

    Paul MurungiEnergy, Oil & GasThe Big StoryFebruary 24, 2026February 24, 2026

    The Uganda National Oil Company (UNOC) has secured a 20.15 percent strategic shareholding in the Kenya Pipeline Company (KPC) following Cabinet’s approval.   The deal marks a significant milestone in Uganda’s…

    Airtel Uganda Data Revenues Overtake Voice as Net Profit Hits UGX 447 Billion

    Paul MurungiBusiness & MarketsTechnology & InnovationThe Big StoryFebruary 23, 2026February 23, 2026

    Airtel Uganda has reported profit after tax of UGX 446.9 billion for the year ended December 31, 2025, an increase of UGX 130.2 billion from UGX 316.7 billion recorded in…

    Three of Uganda Airlines’ six owned aircraft are grounded, forcing the carrier to operate below capacity and disrupt long-haul routes as new leadership steps in amid mounting financial pressure.

    Internal Report Shows Three Uganda Airlines Planes Grounded

    Paul MurungiThe Big StoryFebruary 21, 2026February 21, 2026

    An internal brief prepared for the new consulting cum interim chief executive officer, Girma Wake, shows that Uganda Airlines is currently operating only five aircraft against a required schedule of…

    When school fees outpace savings: How Pearl Bank is supporting parents and schools through education financing

    Paul MurungiCompany NewsThought LeadershipFebruary 21, 2026February 21, 2026

    By Andy Wilfred Kulanyi School term costs are a reality many Ugandan parents quietly confront at the beginning of each school calendar. You may have planned. You may have saved….

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