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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!

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

    Paul MurungiEast AfricaLegal & JusticeThe 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 MurungiBanking & Financial ServicesEast AfricaThe 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 MurungiBanking & Financial ServicesEast AfricaGlobal 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 MurungiBanking & Financial ServicesBusiness & MarketsGlobal NewsNews & AnalysisTechnology & InnovationThe 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 MurungiBusiness & MarketsGlobal NewsNews & AnalysisTechnology & InnovationThe 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 MurungiBanking & Financial ServicesEast AfricaNews & AnalysisThe 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 MurungiBusiness & MarketsEast AfricaGlobal NewsNews & 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 MurungiBanking & Financial ServicesEast AfricaGlobal NewsNews & AnalysisPolitics & GovermentThe Big StoryFebruary 17, 2025February 17, 2025
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    Who is Mahmoud Ali Youssouf, the newly elected Chair of the African Union Commission? 

    Paul MurungiExecutive ProfilesGlobal NewsNews & AnalysisPolitics & GovermentThe Big StoryFebruary 15, 2025February 17, 2025
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    UGANDA’S 100 OIL AND GAS LEADERS: Bernard Ongodia Principal, Uganda Petroleum Institute- Kigumba

    Paul MurungiBusiness & MarketsEast AfricaEnergy, Oil & GasExecutive ProfilesFebruary 14, 2025February 14, 2025
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    Latest Stories

    • Paul Mwesigwa’s First Year: UEDCL Hits UGX 1.71 Trillion in Revenue, Rolls Out $994m Grid Recovery Plan After Umeme’s Exit
      by Paul Murungi
      April 7, 2026
    • OPINION: 623 Cases, UGX 2 Trillion at Stake: Why Uganda Must Rethink How Banking Disputes Are Resolved
      by Patrick Turinawe
      April 6, 2026
    • Uganda’s Marketing Industry Faces a Wake-Up Call at Inaugural Digital Roundtable
      by Brian Emorut
      April 6, 2026
    • Muhereza Kyamutetera (left), Executive Editor of CEO East Africa Magazine, with Evans Browns (right), Group Head of Products at I&M Bank, during a conversation in Nairobi on how I&M Brisk is simplifying cross-border banking and enabling seamless movement of money, trade, and opportunity across East Africa.
      Q&A: Everything You Need to Know About I&M Brisk—The I&M Bank Solution Enabling Seamless Cross-Border Banking Across East Africa
      by Muhereza Kyamutetera
      April 6, 2026
    • From left: Apollo Makubuya, Jacqueline Asiimwe, Gloria Byamugisha, and Crystal Kabajwara—four accomplished leaders whose early reflections on And Then What? by Francis Kamulegeya (centre) are shaping the conversation ahead of its 30 April 2026 launch, each offering a distinct perspective on success, purpose, and what it truly means to build a life of lasting impact.
      After Success, Then What? Early Readers Of Francis Kamulegeya’s Upcoming Book Say It Forces You to Rethink Everything
      by Muhereza Kyamutetera
      April 6, 2026
    • Four powerful figures at the center of East Africa’s energy sector upheaval; Mohamed Liban, Kenya’s Principal Secretary for Petroleum; Joe Sang, former Managing Director of the Kenya Pipeline Company; and Daniel Kiptoo Bargoria, former EPRA Director General, have all exited office amid a deepening fuel supply scandal under investigation. Across the border, James Mwainyekule, Tanzania’s EWURA Director General, has been dismissed following a sharp surge in fuel prices. Together, their downfalls signal a broader regional reckoning, as governments confront mounting pressure over fuel governance, regulatory accountability, and the growing economic toll of instability in critical energy systems.
      Crisis Beneath the Pumps: Kenya’s Unfolding Fuel Scandal and the Fall of Top Energy Chiefs – Why it Matters to Uganda
      by Jeff Winters
      April 4, 2026
    • Beyond a School Competition: How the Stanbic National Schools Championship is Shaping Uganda’s Economic Future
      by Muhereza Kyamutetera
      April 4, 2026
    • Stanbic Bank and Rotary Transform Maternal Healthcare in Ntungamo District
      by Brian Emorut
      April 3, 2026
    • Allan Chekwech Steps into Daniel Kalinaki’s Big Shoes at NMG Uganda
      by Paul Murungi
      April 3, 2026
    • What Uganda’s UGX 1.7 Trillion Tax Plan Means for Your Wallet
      by Paul Murungi
      April 3, 2026

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