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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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EX-POST BANK MD OFF THE HOOK! Judge Blasts “Baseless, Vindictive” Internal Auditor as 8-Year Sh292m Case Collapses

EX-POST BANK MD OFF THE HOOK! Judge Blasts “Baseless, Vindictive” Internal Auditor as 8-Year Sh292m Case Collapses

Former Post Bank Uganda managing director Stephen Mukweli (L) is finally a free manFormer Post Bank Uganda managing director Stephen Mukweli is finally a free man after the Anti-Corruption Court tore apart the state’s entire case and acquitted him of all criminal charges.

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New Digital Creators Summit to Boost Creative Economy

New Digital Creators Summit to Boost Creative Economy

Stanbic Bank Uganda, in partnership with the Uganda Communications Commission (UCC), ONGEA Africa and the Uganda Digital Society, has launched the Stanbic Ongea Digital Creators Summit, a major initiative aimed at empowering young creators with digital skills, business training, financial literac

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Uganda–Qatar Embassy Hosts Successful Diaspora Convention in Doha

Uganda–Qatar Embassy Hosts Successful Diaspora Convention in Doha

The Embassy of the Republic of Uganda in Doha successfully hosted the 2025 Uganda–Qatar Diaspora Convention on November 28, drawing hundreds of Ugandan migrant workers, diaspora leaders, government officials, and private-sector partners for a full day of engagement and empowerment.The Co

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Mityana SS shines as youth innovation takes centre stage at 2025 Enterprise Challenge National finals

Mityana SS shines as youth innovation takes centre stage at 2025 Enterprise Challenge National finals

Uganda’s brightest young innovators gathered in Kampala on Thursday for the 2025 National Enterprise Challenge finals, a showcase of the country’s most promising student-led enterprises.The event, held at Pope Paul VI Memorial Hotel in Rubaga, brought together top-performing schools fr

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President Museveni’s Empowerment Drive Sees 300 Motorcycles Handed Over to Kawempe Boda Boda SACCOs

President Museveni’s Empowerment Drive Sees 300 Motorcycles Handed Over to Kawempe Boda Boda SACCOs

President Yoweri Kaguta Museveni’s nationwide initiative to economically empower grassroots groups has once again taken centre stage, with 300 brand-new motorcycles handed over to boda boda riders under various SACCOs in Kawempe.The handover ceremony, held at Growers Playgroun

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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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BREAKING! Gov’t Lowers Social Assistance Grant for Empowerment, (SAGE) Eligibility Age

BREAKING! Gov’t Lowers Social Assistance Grant for Empowerment, (SAGE) Eligibility Age

The government has made a decision to lower the eligibility age for SAGE from the current 80 years to 65 years effective next financial year 2026/27. In addition government will increase the monthly stipend to Shs35,000 up from Shs25,000In this, government will provide an additi

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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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Gloria Nawanyaga seeks to become Uganda’s first openly HIV positive MP

Gloria Nawanyaga seeks to become Uganda’s first openly HIV positive MP

Born with HIV via mother-to-child transmission, Nawanyaga's personal journey has become the cornerstone of her political mission. The race for Youth Member of Parliament (MP) Central Region has taken a historic turn with the candidacy of Gloria Nawanyaga, a lawyer and youth advo

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