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 African Development Bank Group has pledged USD 2 billion over 10 years towards clean cooking solutions in Africa—a major step along the road to saving the lives of 600,000 Africans mainly women and children each year. Speaking at a landmark summit on Clean Cooking in Africa held yesterday in Paris, the Bank Group’s President Dr Akinwumi Adesina, said the…
Absa Group has marked a historic milestone with the official launch of a non-banking subsidiary in the People’s Republic of China, fortifying the vital economic bridge between Africa and China. The Absa office in China will operate under a wholly foreign-owned enterprise license which permits the financial institution to provide general advisory services to clients based in China for concluding…
Equity Group Holdings has bounced back stronger, recording Kshs.16 billion (USD 122 million) in profit after tax in the first quarter after reporting a 5% decline in profits for the year ended 31st December 2023. The Kshs. 16 billion profit is a 25% jump compared to a similar period last year. Differentiated strong leadership decision making, and an agile balance…
Kariuki Ngari, an accomplished Kenyan career banker with over 30 years of experience has been promoted to the role of Chief Executive Officer of the Standard Chartered Bank Africa region. The role is an additional responsibility, and a highlight in his career as he continues his role as Managing Director of Standard Chartered Bank Kenya. The seasoned financial professional has…
Uganda’s National Drug Authority (NDA) has granted a landmark license to Dei Biopharma Limited to manufacture drugs at its premises in Matugga on the outskirts of Kampala City along Bombo road. The certification marks a major achievement for the company, allowing it to produce essential drugs, including Hard Gelatin Capsules and Tablets, among other product categories in different dosage forms….
In the post-COVID world, businesses and entities across the public and private sectors are witnessing a massive adoption of technology, with significant investments being channeled into upgrading and integrating digital systems. This surge in technological uptake underscores the imperative for digital transformation as a cornerstone of modern business strategy. However, despite these extensive investments, many business leaders struggle to comprehend…
I&M Bank Uganda yesterday donated 500 mama kits and eight emergency trolleys to St. Francis Hospital Nsambya in commemoration of this year’s Mother’s Day as a demonstration of the bank’s commitment to maternal health and women’s empowerment. The whole package donated was worth UGX 42.4 million. During the event, the bank also showcased the I&M Free SACCO Account, a new…
Arise Kollections manufactures and distributes high-end leather and textile fashion accessories such as handbags, footwear, jewellery, and hand-woven items to several foreign and local markets. Mrs. Kitumba’s luck came in 2012…
Absa Bank Uganda in partnership with World Vision has commissioned a fully functional borehole and a changing room facility that will positively address menstrual hygiene challenges faced by 900 girls enrolled at Awach Primary School in Abim District. The commissioning was also preceded by special training of girls, teachers, and parents in the production of reusable sanitary pads. This is…
The Uganda Marketers Society has unveiled Charity Winnie Kamusiime – Asiimwe as the elected President who will equally preside over a newly inaguarated secretariat comprising other 9 directors. The new secretariat was unveiled at the Annual General Meeting (AGM) on May 4th at Hotel Africana following a competitive campaign period. Kamusiime – Asiimwe, a Chartered Marketer who has over 16…
