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.
Senior Counsel Francis Gimara has been appointed the Non-Executive Director on the dfcu Board of Directors following a successful majority vote as an approval from shareholders of dfcu Bank, the flagship business of dfcu Limited, at the Annual General Meeting (AGM) that was held on Thursday, 11th July, 2024. Mr Gimara was appointed to fill a casual vacancy on the…
Stanbic Bank Uganda Limited has been recognized by the National Environment Management Authority (NEMA) for its proactive efforts to promote environmental protection and preservation through adoption of innovative technologies and implementation of afforestation initiatives. This was during the National Sustainability Awards 2024 at the Sheraton Kampala Hotel, held under the theme ‘Promoting Innovative Technologies for Environmental Conservation’. The country’s biggest…
When refugees settle in a host country; they want to start a new life, be self-sufficient and contribute to their communities. However, building a new life is filled with challenges especially if it means starting a business. They may find themselves cut off from credit and investment—and from other products and services that are so critically important, which becomes…
The Central Bank of Uganda (BOU) has indicated that the quoted lending rates for commercial banks rose in the three months to April, averaging 20.8 percent, just 20 basis points (0.2 percent) above the reading in the three months to January 2024. The details contained in the new BOU State of the Economy report shows that the weighted average shillings…
Ugandans are set to earn big from gold sales as the Bank of Uganda (BOU) initiates a Domestic Gold Purchase Programme which is aimed at building the country’s foreign reserves and minimizing associated risks on reserves investments in the international financial markets. The gold purchase programme will involve purchasing gold directly from the artisanal and small scale miners, which also…
Ecobank has launched its new Consumer Banking solutions promotion dubbed, “KUBA DABO DABO,” which translates to “Double Your Benefits”. The promotion allows customers applying for a Personal Loan to also get a Salary Advance that can be availed instantly once they dial *235#. The promotion also has an option for customers to take up a Home Loan and Personal loan…
Stephanie Urchick, member of the Rotary Club of McMurray, Pennsylvania, USA, has become the second woman to take office as president of Rotary International on 1st, July 2024. During her one-year term, Stephanie will lead the 119-year-old membership service organization in adapting for future success as Rotary’s 1.4 million members around the world develop and implement sustainable, community-driven projects that fight disease,…
On Friday night, Johnnie Walker Uganda honoured the women of the fourth estate at the brand’s first-ever She Walks Sip Over event. The event that was hosted at Next Media Park, was a beautiful intimate evening dedicated to celebrating and highlighting the resilient women in media. Hosted by Next Media’s Racheal Thondu Mugisha, the event attracted women from various media…
2191 women started their journey to financial independence and growth through the Enterprise Development and Financial Inclusion last year, bringing to over 100,000 women and youth who have gone through the program since inception two years ago. Many have expanded their businesses, diversified and improved their personal and family welfare because of being intentional in their wealth creation. Many of…
The National Social Security Fund (NSSF) has reaped a total of UGX 80.6 billion from its investment in MTN Uganda over the last 3 years, following payment of UGX 39.8 billion dividends for the year ended December 31, 2023. The payment is the largest the Fund has earned from a listed company in the region this year, NSSF Managing Director Patrick…
