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.
The latest Stanbic Bank Purchasing Managers’ Index (PMI) covering business activity for the month of June has shed light on Uganda’s private sector showing an expansion midway through the year, as business conditions improve further on the back of increased client numbers and favourable demand trends. This has also reportedly led to the latest rise in new orders and greater…
Stanbic Uganda Holdings Limited (SUHL) has donated vital medical equipment and consumables worth UGX 30 million to the maternity ward of Naguru Hospital, also known as China-Uganda Friendship Hospital. The donated equipment includes a modern operating table, adjustable delivery beds, examination couches, and mama kits; all aimed at enhancing maternal healthcare services and improving the well-being of mothers and infants. …
PostBank Uganda has appointed Ibrahim Kato as the Chief Retail Officer. In this new role, Kato will be responsible for the formation and execution of the Bank’s business growth strategy across distribution channels, Fintech Business, Sales, and Bancassurance. Kato is credited for undertaking numerous initiatives and transformations that have significantly contributed to the growth of the Bank’s balance sheet and…
In a move poised to transform Uganda’s investment landscape, SBG Securities, a subsidiary of Stanbic Uganda Holdings Limited, has launched the Stanbic Unit Trust (SUT), an innovative investment vehicle that empowers Ugandans to pool their resources, leveraging professional fund management to generate favourable returns. SBG Securities is a listed entity on the Uganda Stock Exchange (USE) operating four other businesses…
dfcu Bank marked its 60th anniversary at a grand gala, celebrating six decades of operation and impactful service towards fulfilling its purpose of ‘Transforming Lives and Businesses. The Diamond anniversary event, hosted at Mestil Hotel, Kampala, brought together distinguished guests, including government officials, business leaders, clients, and partners, to commemorate the Bank’s remarkable journey and legacy in Uganda. The night…
The I&M Bank Board Chairman, Mr. Suleiman Kiggundu has said, the Bank has a plan in motion to list on Uganda Securities Exchange, a move that is set to boost Uganda’s stock market since the listing of the two major telecoms in the last three years. “We hope to list in Uganda soon, we have listed in Rwanda and Kenya,”…
Finance Minister Matia Kasaija has hailed I&M Bank for meeting its minimum paid-up capital requirements of up to UGX 210 billion. Minister Kasaija noted the Bank was resilient and adaptable in the face of emerging challenges, demonstrating the ability to remain financially stable, and compliant with Uganda’s new enhanced capitalisation programme, while Speaking at the Bank’s 50th anniversary celebrations that…
Absa Group Ltd has concluded further agreements with the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, freeing up additional financial capacity for investments in Pan-African climate finance projects. In 2019, MIGA issued capital guarantees worth USD 497 million to Absa Group in support of managing certain climate risks in countries including Ghana, Kenya, Mauritius, Mozambique,…
Following the national budget reading for the financial year 2024/2025, Equity Bank Uganda has launched an initiative to support regional small and medium enterprises (SMEs). Dubbed Tupange Business Ne Equity, the initiative aims to address SME challenges and provide support in crucial areas such as credit, innovation, and market access. The Bank’s efforts to translate the complex national budget into…
Uganda Communications Commission (UCC) Telecom and Electrical Engineer, Irene Kaggwa-Sewankambo has resigned from her role of Director Engineering and Communications Infrastructure, according to a leaked internal email sent to UCC staff, and authored by Joyce Kasirye, UCC Director of Human Resource and Administration. Until her resignation, Kaggwa was largely known in the public arena for her role as the former…
