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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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    Money lenders lock horns with UMRA, Finance Ministry over 2.8% interest cap 

    Paul MurungiThe Big StoryNovember 20, 2024November 20, 2024

    Money lenders and some private sector players have warned of dire consequences to the economy over the new interest cap of 2.8 percent per month for money lenders instituted by…

    From a small stock to big gains: Siddy’s success with dfcu Bank and the GROW Loan initiative 

    Paul MurungiCompany NewsProfilesNovember 20, 2024November 20, 2024

    For the past nine years, Siddy Latabu has been trading in fish, supplying silver fish and smoked fish in Kitgum Main Market to sellers in Kitgum and neighboring districts including;…

    ANALYSIS: Bank of Uganda’s gold purchase programme⏤ a step in the right direction, despite the complex challenges

    Paul MurungiThe Big StoryNovember 18, 2024February 27, 2025

    Uganda’s central bank, the Bank of Uganda, has its work cut out in implementing its domestic gold purchase programme that was launched in July this year.  The Bank’s gold programme…

    Ugandan Banks harvest UGX 1.4 trillion in net profits as assets grow to UGX 53 trillion- Bank of Uganda data

    Paul MurungiThe Big StoryNovember 14, 2024November 14, 2024

    Latest data from Bank of Uganda (BOU) shows Ugandan banks and other supervised financial institutions, remain profitable and adequately capitalised following a surge in net-after-tax profit to UGX 1.4 trillion…

    Equity Bank boosts the 4th Annual Equity NARO Open with UGX 175 million sponsorship

    Paul MurungiCompany NewsNovember 7, 2024November 7, 2024

    Equity Bank Uganda has launched the 4th Annual Equity NARO Open with UGX 175 million package to the Namulonge Club. As a proud sponsor of this year’s golf tournament which…

    Equity Bank Uganda Launches Toll-Free Helpline to Enhance Customer Service

    Paul MurungiCompany NewsNovember 1, 2024November 1, 2024

    In a significant move to elevate customer support and accessibility, Equity Bank Uganda has launched a toll-free customer contact centre line, enabling customers to access support free of charge.  The…

    Airtel brings Ugandans closer to heart through corporate social actions 

    Paul MurungiCompany NewsNews & AnalysisOctober 31, 2024October 31, 2024

    In a historic visit to Uganda, former Airtel Africa Group CEO, Segun Ogunsanya took a trip to Kitende Secondary School, Entebbe in April 2023 to experience the fast Airtel internet…

    Innovative Financing: How dfcu Bank is supporting Uganda’s SMEs to thrive 

    Paul MurungiThought LeadershipOctober 30, 2024October 30, 2024

    By William Kayongo Small and medium-sized enterprises (SMEs) are the backbone of Uganda’s economy, contributing significantly to job creation, innovation, and economic growth. According to the Uganda Investment Authority, SMEs…

    Airtel Uganda half-year profit surge to UGX 153 billion on the back of data and voice segments

    Paul MurungiIndustry & AnalysisThe Big StoryOctober 30, 2024October 30, 2024

    Airtel Uganda posted total revenue of UGX 966 billion in the first half of 2024, and a final profit of UGX 153 billion largely driven by data and voice revenue. …

    West Nile leaders urges community to embrace Wendi Mobile Wallet to boost the region’s economic potential 

    Paul MurungiCompany NewsOctober 29, 2024October 29, 2024

    The West Nile community has been called upon to embrace digital transformation as a gateway to economic empowerment, citing Wendi mobile wallet as a key driver towards scaling up financial…

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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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