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TodayWednesday, May 06, 2026
Paul Murungi

Paul Murungi

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.

Africa's richest man Aliko Dangote alongside Uganda's President, Yoweri Museveni and Kenya's President, William Ruto.

Dangote to Lead East Africa Oil Refinery Project in Tanzania

Africa’s richest man, Aliko Dangote, has pledged to lead the construction of a major oil refinery in East Africa, signaling a significant shift in the region’s push to reduce reliance on imported
April 23, 2026
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Stanbic Uganda Holdings Limited top leadership led by the Chief Executive Francis Karuhanga pose for the group photo during the results release ceremony at Sheraton Hotel in Kampala.

Stanbic Uganda Shareholders to Receive UGX 360bn After 10 Years of Rapid Dividend Growth

Stanbic Uganda Holdings Limited has reported a strong set of financial results for the year ended 31 December 2025, with shareholders set to receive UGX 360 billion in dividends. Stanbic Bank Uganda’s
March 23, 2026
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The Katikiro of Buganda, Owek. Charles Peter Mayiga (C), Julius Kakeeto, Managing Director, Pearl Bank (L), Dr. Cissy Kityo (2nd L), Executive Director, Joint Clinical Research Centre (JCRC), joined by officials from Rotary Uganda, and JCRC during a courtesy visit to the Katikkiro of Buganda. The visit follows the launch of a partnership between JCRC, Rotary, and Pearl Bank to fundraise for Uganda’s first-ever Bone Marrow Transplant Center, a major step toward strengthening the country’s capacity to treat complex blood disorders and cancers. This was at Bulange, Mengo, today, 18th March 2026.

Katikkiro Mayiga hails JCRC, Pearl Bank, Rotary over USD 4 million bone marrow facility drive

The Katikkiro of Buganda, Owek. Charles Peter Mayiga, has commended the Joint Clinical Research Centre (JCRC), Pearl Bank and Rotary Uganda for spearheading a fundraising drive to raise USD 4 million for
March 18, 2026
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Pearl Bank Mbale Branch Manager Arafat Zaake (6th L) handing over two 10,000 litre water tanks and assorted food items to Assoc. Prof. Ismail Simbwa Gyagenda (7th R), Rector of the Islamic University in Uganda (IUIU) joined by officials from Pearl Bank, IUIU, and Student Representatives as part of Pearl Bank’s Corporate Social Investment (CSI) initiatives pillar of Education, and in recognition of Women’s month and the Ramadan Season, in collaboration with the Islamic University in Uganda (IUIU) Community Outreach to Summayyah and Abu-Mayanja hostels today, 13th March 2026.

Pearl Bank Supports IUIU Students with Water Tanks and Food During Ramadan and Women’s Month

Pearl Bank, whose purpose is to foster prosperity for Ugandans, has donated water tanks and assorted food items to the Islamic University in Uganda (IUIU) in celebration of Ramadan and Women’s Month,
March 14, 2026
A photo collage of top-performing Bank CEOs in Bancasurrance: From left to right; Stanbic Bank CEO, Mumba Kalifungwa, Centenary Bank Managing Director, Fabian Kasi, and Absa Bank Uganda CEO, David Wandera.

Stanbic, Absa and Centenary Control Nearly Half of Uganda’s Bancassurance Market as Premiums Top UGX 302 Billion

The bancassurance market is increasingly consolidating around a small group of dominant lenders, with Stanbic, Absa and Centenary emerging as the leading distributors of insurance through banking channels. The Insurance Regulatory Authority
March 13, 2026
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