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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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Despite presidential directives and a subsequent MoU between the government and Rowad Capital Commercial LLC (RCC), there are last-minute efforts by MOICT Minister, Chris Baryomunsi (left) and the NITA-U Executive Director, Dr. Hatwib Mugasa (right) to hoard some NITA-U assets from the deal. This has caused some friction between NITA-U and the MoICT & NG Permanent Secretary, Dr. Aminah Zawedde who insists the Presidential orders must be observed to the letter.

INVESTIGATION: Uganda Telecom takeover deal brews bitter fight between ICT Ministry and NITA-U officials

The proposal to form a new national telecommunications company was curved out at a high- stakes meeting that was held at State House, Entebbe on Friday 12th, March 2021. The new telecom
April 9, 2024
Maria Namesake, CEO and Founder, Markh Investments Limited

How a UGX 2 million loan from her mother kickstarted Maria Namusoke, Founder & CEO of Markh Investments on a 2-decade and multi-billion logistics journey 

It’s the rags-to-riches story which sometimes is a long winding and seemingly impossible journey. Maria Namusoke’s story as a female entrepreneur building her multi-billion logistics empire – Markh Investments is no different.
March 14, 2024
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Top, Left-Right: The state's legal team, Ms. Samalie Wakoli, the Assistant DPP; Jonathan Muwaganya, Chief State Attorney and Ms. Ann Kiiza, assisted by Mwesigwa Rukutana, the Managing Partner, Mwesigwa Rukutana & Co. Advocates and Kanduho Frank, Managing Partner, Kanduho Frank & Co. Advocates. Bottom, Left-Right: Molly Katanga's defence team, Peter Kabatsi, Senior Partner, Kampala Associated Advocates (KAA), as well as KAA Partners, Jet Tumwebaze, Elison Karuhanga and Bruce Musinguzi, are assisted by McDusman Kabega of Tumusiime, Kabega & Co. Advocates.

Who are the big-ticket lawyers defending defence contractor, Molly Katanga and who must they beat to set her free?

The case pits the state against powerful businesswoman and defence contractor, Molly Katanga and her co-accused ⏤ Kakwenza Patricia, Nkwanzi Martha Katanga, Otai Charles and Amanyire George. The state accuses Molly Katanga
March 5, 2024
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Left-Right: Dr Micheal Mugerwa, Uganda Refinery Holdings Company Limited General Manager and other UNOC top executives⏤ Proscovia Nabbanja, Chief Executive Officer; Gilbert Kamuntu, Chief Commercial Officer and Peter Muliisa, the UNOC Chief Legal and Corporate Affairs Officer.

REFINERYNOMICS: Uganda presses ahead with its oil refinery project amidst questions on profitability and sustainability

To do or not to do an oil refinery for Uganda, over and above the pipeline, has been a major question for the country, but more importantly for the Uganda National Oil
March 4, 2024
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Nankabirwa, together with UAE's State Minister for Foreign Affairs, H.E Sheikh Shakhboot Nahyan Al Nahyan at the launch of the Uganda Pavilion at COP 28. Uganda has been on a charm offensive at COP 28 to, in Nankabirwa's words "engage global leaders on the issue of climate change and showcase our progress in meeting climate goals and plans ahead on climate action".

Uganda’s Energy Minister, Ruth Nankabirwa on a charm offensive at COP 28 in Dubai to win over fossil fuels naysayers with her Energy Transition Plan (ETP) 

This week, Energy Minister Ruth Nankabirwa led top Ugandan energy officials to unveil an ambitious energy transition plan at COP28 in Dubai. The Energy Transition Plan (ETP) targets to ensure that 94%
December 8, 2023
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Ugandan President, Yoweri Kaguta Museveni (left) and U.S. President, Joe Biden.

Beyond U.S. threats to end AGOA and a defiant Museveni⏤ a detailed analysis of the U.S.-Uganda trade ties. Can Uganda survive without American business?

U.S. – Uganda bilateral relations took a nosedive at the end of October when U.S. President Joe Biden issued a statement that seeks to terminate Uganda’s membership under the Africa Growth and
November 30, 2023
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