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.
Ride-hailing firm Uber has officially exited the Tanzanian market, ending nearly a decade of operations in the country. In a message sent to customers, the company announced that its services…
Airtel Africa has posted a sharp rebound in profitability for the nine-month period ended 31 December 2025, reporting a net profit of $586 million, driven largely by surging data revenues,…
For more than a decade, Uganda’s energy sector—under the political stewardship of Ruth Nankabirwa Ssentamu since 2021—has ranked among the government’s top priority sectors, consistently absorbing trillions of shillings in…
The Board of Directors of the Uganda Electricity Transmission Company Limited (UETCL) has confirmed Eng. Richard Matsiko as the company’s substantive Chief Executive Officer, replacing Mr. Joshua Karamagi, who resigned…
Uganda’s Auditor General Edward Akol has issued a wide-ranging warning to Parliament: the country is collecting more revenue than ever, yet persistent weaknesses in procurement, project execution, asset management, staffing,…
Finance Trust Bank has outlined the next phase of its operations after receiving approval from the Bank of Uganda to continue business under a Tier II Credit Institution licence, effective…
What began as one of the most closely watched cross border banking acquisition plans in East Africa has now officially fallen apart. The proposed takeover of Uganda’s Finance Trust Bank…
The Bank of Uganda (BoU) has approved the transition of Finance Trust Bank Limited from a Tier I commercial banking licence to a Tier II credit institution licence, marking the…
Dangote Industries has appointed MTN Group Chief Executive Officer Ralph Mupita to the board of its fertilizer business as the company prepares to expand operations and pursue a listing in…
Parliament’s Committee on Finance, Planning and Economic Development has pushed back against a proposal to waive UGX18.86 billion in tax arrears for Kampala-based engineering consultancy Newplan Limited, questioning both the…
