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    Paul Murungi

    About the Author

    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.

    • @https://x.com/paulmurungiug
    • Send me an email!

    Finance Trust Bank Transition: What Will Change for Depositors and Borrowers

    Paul MurungiBanking & Financial ServicesThe Big StoryJanuary 29, 2026January 31, 2026

    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…

    Nigeria’s Access Bank Deal to Acquire Uganda’s Finance Trust Bank Falls Apart After Two Years

    Paul MurungiBanking & Financial ServicesThe Big StoryJanuary 29, 2026January 30, 2026

    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…

    Bank of Uganda Approves Finance Trust Bank’s Application to Downgrade to a Credit Institution

    Paul MurungiBanking & Financial ServicesThe Big StoryJanuary 29, 2026January 30, 2026

    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 Appoints MTN Group CEO Ralph Mupita to Fertilizer Board 

    Paul MurungiLeadership & GovernanceManufacturing & IndustryThe Big StoryJanuary 28, 2026January 28, 2026

    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 Questions UGX19 Billion Tax Waiver for Newplan Engineering Firm Linked to Oil and Power Contracts

    Paul MurungiEconomy & PolicyEnergy, Oil & GasThe Big StoryJanuary 28, 2026January 28, 2026

    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…

    UCC Bans Split-Screen Advertising on NBS TV, Sets Precedent for All TV Stations

    Paul MurungiMedia & CommunicationThe Big StoryJanuary 28, 2026January 28, 2026

    The Uganda Communications Commission has banned NBS Television from airing split-screen adverts during its news and current affairs programmes, ruling that the practice violates the UCC Advertising Standards 2019 and…

    Uganda Climbs to 3rd Position in Africa’s Financial Markets Rankings, Takes Lead across East Africa

    Paul MurungiBanking & Financial ServicesEast AfricaThe Big StoryJanuary 27, 2026January 27, 2026

    Uganda has moved up to third position in Africa’s financial markets rankings, overtaking Nigeria and consolidating its position as the leading financial market in East Africa. According to the Absa…

    Who is Dr. Flavian Zeija, Uganda’s Newly Appointed Chief Justice?

    Paul MurungiLegal & JusticeThe Big StoryJanuary 22, 2026January 22, 2026

    President Yoweri Kaguta Museveni has appointed Justice Flavian Zeija as the new Chief Justice of the Republic of Uganda, elevating a seasoned jurist, academic and administrator to the country’s highest…

    StanChart Names Nigerian Banker Dalu Ajene as its New Africa CEO Replacing Kenya’s Kariuki Ngari

    Paul MurungiThe Big StoryJanuary 22, 2026January 22, 2026

    Standard Chartered Bank has announced a series of top leadership changes across its African operations, naming Nigerian banker Dalu Ajene as its new Chief Executive Officer (CEO) for Africa.  The…

    South Africa’s Nedbank to Acquire 66% Stake in Kenya’s NCBA Bank for $856 million

    Paul MurungiBanking & Financial ServicesEast AfricaThe Big StoryJanuary 21, 2026January 22, 2026

    South Africa’s Nedbank Group has unveiled plans to acquire approximately 66% of the issued ordinary share capital of Kenya’s NCBA Group.  The move is set to hand the Johannesburg-listed lender…

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