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Poor legacy assets drag down PIC unlisted investment impairments

Poor legacy assets drag down PIC unlisted investment impairments

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

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Government confirms plans to shut down internet ahead of January elections

Government confirms plans to shut down internet ahead of January elections

Mr Kamugisha stated that popular platforms such as TikTok, YouTube, Facebook, X (formerly Twitter), and Instagram are all under review ahead of the general elections set for mid January 2026.The Ugandan government is planning to impose restrictions on internet access, including the outrigh

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Presidential Hopeful Frank Bulira Says Frozen Accounts Have Stalled His Campaign but Insists He Can Defeat Museveni

Presidential Hopeful Frank Bulira Says Frozen Accounts Have Stalled His Campaign but Insists He Can Defeat Museveni

Revolutionary Peoples Party (RPP) presidential candidate Frank Bulira has claimed that he stopped holding campaign rallies because government security and financial agencies allegedly froze his bank accounts, crippling his ability to fund campaign activities ahead of the January 15, 2026 presiden

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Peace Rugambwa Channels Over UGX 150 Million into Kabale as NRM Mobilisation Efforts Intensify

Peace Rugambwa Channels Over UGX 150 Million into Kabale as NRM Mobilisation Efforts Intensify

The mood in Kabale has been noticeably shifting in recent weeks, and much of that change is tied to the growing presence of Senior Presidential Advisor on Agriculture, Peace Rugambwa. Her visits have been drawing crowds, not just because she arrives with support, but because she arrives with a me

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Mukula’s Son, Akongel, Hospitalized Over Suspected Poisoning.

Mukula’s Son, Akongel, Hospitalized Over Suspected Poisoning.

Independent parliamentary candidate Rodney Mukula Akongel, who is contesting for the Soroti City East MP seat, has been hospitalized following a sudden illness on the campaign trail, with early reports pointing to suspected poisoning.Independent parliamentary candidate Rodney Mukula Akonge

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Gloria Bugie Embarrassed and Forced Off Stage at King Saha’s Concert

Gloria Bugie Embarrassed and Forced Off Stage at King Saha’s Concert

The rising singer faced an unexpected humiliation after failing to perform on live band and being denied a chance to sing her other songs.Singer Gloria Bugie faced an uncomfortable moment over the weekend during King Saha’s concert at Lugogo Cricket O

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East Africa: Fish Farming Is Booming in Lake Victoria, but Pollution and Disease Are Wiping Out Millions. How to Reduce Losses

East Africa: Fish Farming Is Booming in Lake Victoria, but Pollution and Disease Are Wiping Out Millions. How to Reduce Losses

Aquaculture - the farming of fish and other aquatic organisms - is the world's fastest-growing food production system.The sharpest growth in aquaculture is happening in Africa. Average annual growth rates have exceeded 10% in recent years measured by production value.Over the past 1

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NRM welcomes UPC defectors in Apac, warns against corruption, political propaganda

NRM welcomes UPC defectors in Apac, warns against corruption, political propaganda

The ruling National Resistance Movement (NRM) has deepened its political dominance in Apac after absorbing a fresh wave of defectors from the Uganda Peoples’ Congress (UPC), turning campaign rallies in Chegere Sub-county into a charged arena of celebration and sharp accusations of corruption.

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Sacked VP Bol Mel Accused of Plundering South Sudan’s Oil Wealth – UN

Sacked VP Bol Mel Accused of Plundering South Sudan’s Oil Wealth – UN

JUBA — South Sudan’s powerful Vice President, Dr. Benjamin Bol Mel, has been dismissed from all his government, military, and party positions following damning United Nations findings accusing him of orchestrating the large-scale plunder of the country’s oil wealth.A series of presid

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Don't Retire Until You Ask Yourself 4 Crucial Questions

Don't Retire Until You Ask Yourself 4 Crucial Questions

Are you thinking about retiring? Don't make the move without knowing these answers.Retiring is something many workers look forward to for a long time.You don't want to just jump into it, though. Otherwise, you could end up creating a difficult financial situation for yourself, or yo

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