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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

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From 2 600% gain to 86% wipeout, crypto’s hottest trade collapses

From 2 600% gain to 86% wipeout, crypto’s hottest trade collapses

Investing in public companies holding bitcoin and other digital tokens was a major trend earlier this year, but the market has turned …Bitcoin itself is down only 6%. Around 70% of digital asset treasuries are expected to finish the year lower than their starting value. Image:

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China's exports grow 5.9% in November, while US shipments drop 29%

China's exports grow 5.9% in November, while US shipments drop 29%

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

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Rocky star Sylvester Stallone, 79, uses cane in public for first time during award ceremony

Rocky star Sylvester Stallone, 79, uses cane in public for first time during award ceremony

The Rambo star was seen at 48th Kennedy Center Honors in WashingtonSylvester Stallone made a striking impression as he stepped onto the red carpet at the 48th Kennedy Center Honors in Washington, D.C., on December 7, 2025. The 79-year-old Hollywood icon, being

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President Museveni Pledges Key Road Upgrade, Defends NRM Legacy at Lango Mobilisation Rally

President Museveni Pledges Key Road Upgrade, Defends NRM Legacy at Lango Mobilisation Rally

President Museveni, Denish Hamson Obua, Speaker Anita Annet Among and senior presidential advisor Sam Engola at Lango collegeLira, Uganda |7th December 2025 – President Yoweri Kaguta Museveni has pledged to consider upgrading the crucial 42.4km Dokolo–Bata–Abako–Aloi road to tarma

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M23 Rebels Capture Kamanyola, Luvungi Towns in Advance to Uvira Near Burundi Border

M23 Rebels Capture Kamanyola, Luvungi Towns in Advance to Uvira Near Burundi Border

Congo’s army has accused Rwanda and M23/AFC rebels of intensifying cross-border artillery bombardments on populated areas of South Kivu, just two days after Kinshasa and Kigali signed a landmark peace accord in Washington aimed at ending decades of conflict in the region.In a

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Arsenal to bid €45m in shock January signing as Berta goes ‘all out’ for ‘Mbappe-like’ attacker

Arsenal to bid €45m in shock January signing as Berta goes ‘all out’ for ‘Mbappe-like’ attacker

Arsenal are preparing to bid roughly €45m in January for a player who might not help their title challenge one bit, while Andrea Berta is reportedly going ‘all out’ to sign a forward compared to Kylian Mbappe and a recent Arsenal signing has been branded ‘Raheem Sterling 2.0’.

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MP Rukaari Vows to Rescue King of Kings Church Land as District Eviction Threats Intensify

MP Rukaari Vows to Rescue King of Kings Church Land as District Eviction Threats Intensify

MP Rukaari, Kibaju as they receive blessing from Bishop Silas and other Religious leadersAmos Tayebwa – MbararaThe tug-of-war over the land housing King of Kings Church at Kamukuzi Hill has taken a dramatic turn, with Mbarara City North MP Robert Mwesigwa Rukaari vowing

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Presidential candidate Munyagwa’s father throws weight behind President Museveni ahead of 2026 elections

Presidential candidate Munyagwa’s father throws weight behind President Museveni ahead of 2026 elections

Hajji Bruhan Sserunga, a veteran community leader and father of Hon. Mubarak Munyagwa, the presidential candidate for the Common Man’s Party, has publicly hailed President Yoweri Kaguta Museveni for his exceptional leadership, sending a strong message of respect and confidence ahead of the elec

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Bobi Wine Fans Injured as Rising Security Violence Hits NUP Campaign

Bobi Wine Fans Injured as Rising Security Violence Hits NUP Campaign

Bobi Wine condemned today's violence in GuluGULU: Violence surrounding the campaign trail of National Unity Platform (NUP) presidential candidate Robert Kyagulanyi intensified on Saturday after armed gangs attacked his rally venue in Gulu City and security forces blocked him from accessing

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