Public Investment Corporation chair says investments ‘not entirely prudent’PIC chair David Masondo. Picture: FREDDY MAVUNDA/BUSINESS DAYThe high level of impairments in the Public Investment Corporation’s (PIC) unlisted investment portfolio was overwhelmingly due to legacy inv
In the unpredictable contest for Jinja City South West Constituency, where 10 candidates are vying for the sole seat, Bernard Mbayo, the current Speaker of Jinja City Council emerges as a dark horse.Mbayo is also a member of the National Executive of the Urban Authorities Association of Ug
Uganda’s Industrial Court has ruled that the Uganda Revenue Authority (URA) unlawfully dismissed former customs officer David Kalemera, awarding him about 51 million shillings, even as the judgment lays out extensive internal audit findings that link him to a major tax-evasion and transit-diver
Mogadishu (HOL) — Uganda has stopped granting refugee status to asylum seekers from Somalia, Eritrea and Ethiopia, saying those countries are no longer considered to have active armed conflicts and that dwindling donor funding has made it difficult to support new arrivals.Uganda’s Mini
After grueling fight camps spanning three continents, two-division champion Islam Makhachev has finally returned home. Earlier this month at UFC 322, in front of 20,664 fans, the Dagestani star made history by extending his win streak to the promotional record of sixteen. With his triumph over Ja
Ed Sheeran's impressive music career has seen him win several Grammys, Brit Awards and number one hits but his daughters would rather listen to a Disney soundtrack than his musicEd has spoken about his daughters (Image: Apple TV via Getty Images)
In a shocking and tragic incident that has left the Mukono community in disbelief, an on-duty police officer was gunned down while responding to a robbery in Ntawo, Mukono District. The attack, which took place on the night of November 23, 2025, at approximately
Gold dips as dollar firms, investors weigh U.S. rate cut betscnbc.com25minNOVOSIBIRSK, RUSSIA - SEPTEMBER 15: A worker shows granules of gold at Novosibirsk Refining Plant, Russia's leading gold refining and bar manufacturing plant, in Novosibirsk, Russia on September 15, 202
Bitcoin has seen a slight rebound after dropping to USD 86,000, rising to USD 87,540 as of November 24, 2025. The cryptocurrency remains far below its earlier peak of USD 126,000, having plunged under USD 100,000 and declined for several days. Market conditions remain weak, and any meaningful rec
Uganda’s domestic debt market continues to heat up, with the latest Treasury Bills auction attracting overwhelming investor interest and confirming growing confidence in government securities as a safe and lucrative investment option.In Auction No. 1218 held on November 19, 2025, the Ban
