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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!

    Canal+ Tightens Grip on SuperSport as Sports Rights Decisions Shift from South Africa to Paris

    Paul MurungiBusiness & MarketsThe Big StoryFebruary 20, 2026February 20, 2026

    French media conglomerate Canal+ has moved to consolidate control over SuperSport’s sports rights acquisitions, transferring decision-making authority from South Africa to its headquarters in Paris.  The development follows Canal+’s 3…

    Pearl Bank Wins Top Agri-SME Lender Award as Aceli Africa Charts Next Phase of Agricultural Finance

    Paul MurungiBanking & Financial ServicesThe Big StoryFebruary 19, 2026February 19, 2026

    Pearl Bank has been named Best Agri-SME Lender at the Aceli Africa Uganda Stakeholder Roundtable, in a recognition that underscores the bank’s growing influence in agricultural financing. The bank’s Supervisor…

    Billionaire’s Daughter Vasundhara Oswal Sues Senior Ugandan Police Officers, Seeks Return of $200,000 Bond Money

    Paul MurungiInvestigations & Special ReportsLegal & JusticeThe Big StoryFebruary 17, 2026February 17, 2026

    Indian-Swiss entrepreneur Vasundhara Oswal has filed a human rights petition at the High Court of Uganda against several high-ranking security and prosecution officials, accusing them of orchestrating her arbitrary arrest,…

    Museveni Appoints Girma Wake Acting CEO of Uganda Airlines, Directs Bamuturaki to Step Aside

    Paul MurungiThe Big StoryFebruary 16, 2026February 16, 2026

    President Yoweri Museveni has directed that former Ethiopian Airlines Chief Executive Officer Girma Wake be appointed to lead a management transition at Uganda Airlines, amid ongoing efforts to stabilise the…

    Nile Breweries Appoints Olive Birungi Lumonya as New Board Chairperson with a Reconstituted Board of Directors

    Paul MurungiThe Big StoryFebruary 13, 2026February 13, 2026

    Nile Breweries Limited (NBL) has appointed Ms. Olive Birungi Lumonya as Chairperson of the Board of Directors, effective January 1, 2026. Ms. Lumonya assumes the role following the untimely passing…

    Pearl Bank, World Vision Partner to Rehabilitate Water Sources in Kamwenge for Long-Term Sustainability

    Paul MurungiBanking & Financial ServicesCompany NewsFebruary 13, 2026February 13, 2026

    Pearl Bank (formerly PostBank Uganda), World Vision Uganda, and Vision Fund International have announced a landmark partnership to rehabilitate water infrastructure across Kamwenge district. The initiative will leverage the Water,…

    Ecobank Kenya Names Rebecca M. Mbithi New Managing Director as Anan-Ankomah Retains Regional Role

    Paul MurungiThe Big StoryFebruary 11, 2026February 11, 2026

    Ecobank Kenya has named Mrs. Rebecca M. Mbithi as its new Managing Director, succeeding Mrs. Josephine Anan-Ankomah, who has fully transitioned to a regional leadership role within Ecobank Group. Mbithi’s…

    Absa Group Appoints M-PESA Africa CEO Sitoyo Lopokoiyit as Head of Personal and Private Banking

    Paul MurungiBanking & Financial ServicesThe Big StoryFebruary 11, 2026February 11, 2026

    Absa Group has confirmed the appointment of M-PESA Africa chief executive Sitoyo Lopokoiyit as the new head of its Personal and Private Banking division, marking a significant leadership move as…

    Government Paid UGX 47b to Staff of Rationalised Agencies Despite Being Absorbed Into Other Jobs

    Paul MurungiThe Big StoryFebruary 8, 2026February 8, 2026

    Government paid at least UGX 46.8 billion in terminal benefits to staff of rationalised agencies who were later re-appointed into public service.  The payments, the Auditor General noted in the…

    UBC Records UGX 7.5bn Loss as Financial Pressures Deepen

    Paul MurungiThe Big StoryFebruary 8, 2026February 8, 2026

    Uganda Broadcasting Corporation (UBC) reported a loss after tax of UGX 7.5 billion in the 2024/25 financial year, a sharp deterioration from the UGX 1.432 billion loss recorded the previous…

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