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
FILE - Vehicles and trucks for export wait for transportation from a port in Yantai in eastern China's Shandong province on Jan. 2, 2025. (Chinatopix via AP, File) (ASSOCIATED PRESS)HONG KONG (AP) — China’s exports returned to growth in November following an unexpected contraction the
KAMPALA — Mulago National Referral Hospital has achieved a major milestone after doctors successfully carried out the first-ever laparoscopic radical prostatectomy, a keyhole surgery used to remove the prostate gland in a patient with prostate cancer.The surgery was performed on a 73-yea
Uganda’s notorious gold fraud syndicates have struck again—this time roping in high-profile foreign operatives, including a former FBI Special Agent, a former U.S. Army Ranger, and a U.S. Embassy employee in Sierra Leone, in what is shaping up to be one of the most dramatic cross-border scams
Labour MP and former minister Tulip Siddiq has been sentenced to two years in prison in Bangladesh after being put on trial in her absence alongside 16 other people over corruption allegations.She was found guilty of influencing her aunt, Bangladesh's ousted prime minister
Uganda Parliamentary SACCO has registered growth in its assets base in the last financial Year 2024-2025.The SACCO current assets stands at 86.3 billion from 75.8 billion in the FY 2023/2024 representing a 14% growth.The CEO of the sacco Mureebe Methods Muhakuna revealed this during
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
The Anti-Corruption Court has issued a criminal summons for former Trade Ministry Permanent Secretary Geraldine Ssali after she failed to appear for the mention of a Shs3.8 billion fraud case in which she is jointly charged with three Members of Parliament and other officials.During Monday
Russia's economy is facing a "time bomb", as sanctions escalate and interest rates remain high. Businesses around the country are struggling to pay back loans and are fighting to stave off bankruptcy.Firms have watched on helplessly as interest rates were hiked to 21% towards the end of 20
Just as Kampala is still buzzing over tycoon Hamis Kiggundu’s fierce showdown with the so-called “Nakivubo Channel demons”, his brother Haruna Ssentongo has been thrown back into the spotlight — this time over a controversial Shs 2.4 billion property deal that has refused to die since 201
