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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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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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Dr Ggoobi Visits NARO Anti-Tick Vaccine Facility Ahead of Commercial Production

Dr Ggoobi Visits NARO Anti-Tick Vaccine Facility Ahead of Commercial Production

The Permanent Secretary and Secretary to the Treasury (PSST), Dr Ramathan Ggoobi, has visited the National Agricultural Research Organisation (NARO) Anti-Tick Vaccine facility at Nakyesasa to assess readiness and requirements ahead of its upcoming commercial production.Dr Ggoobi was guided

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All 47 Trophies Won By Lionel Messi As He Extends Record Of Most Decorated Footballer In History

All 47 Trophies Won By Lionel Messi As He Extends Record Of Most Decorated Footballer In History

Reader modeAll 47 Trophies Won By Lionel Messi As He Extends Record Of Most Decorated Footballer In Historynews18.com1hLionel Messi on Saturday improved his record for being the world's most decorated footballer after claiming 47th trophy of a glorious career.In

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Anne Juuko resigns from Standard Bank Group

Anne Juuko resigns from Standard Bank Group

Anne Juuko, a seasoned banking executive and former CEO of Stanbic Bank Uganda, has stepped down from her role as Standard Bank Group’s Regional Head of East Africa for Global Markets.Juuko resigned this month, bringing to a close her 18-month tenure in the regional position. She had bee

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Time to hand over power to younger generation - Amama Mbabazi urges

Time to hand over power to younger generation - Amama Mbabazi urges

Speaking yesterday at the annual Tumusiime Mutebile memorial lecture, held at Makerere University in honour of the late Bank of Uganda Governor, Mr Mbabazi framed inter-generational leadership as the "missing link" critically needed for Africa’s transformation.Former Ugandan Prime Minist

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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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Speaker Among Leads Candle-Lighting in Honour of World AIDS Day

Speaker Among Leads Candle-Lighting in Honour of World AIDS Day

The Speaker of Parliament, Rt. Hon. Anita Among, this morning led the nation in commemorating World AIDS Day with a symbolic candle-lighting ceremony held at Parliament.The act, simple yet deeply meaningful, honoured the millions of lives lost to HIV/AIDS and reaffirmed Uganda’s commitme

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Uganda Demands Equal Share of Sea Benefits

Uganda Demands Equal Share of Sea Benefits

Minister Byamukama addressing the IMO Assembly in London this weekLONDON/ENTEBBE — Uganda has issued a bold call for the inclusion of land-linked states in global maritime governance, arguing at the 34th International Maritime Organization (IMO) Assembly in London that access to the seas

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Uganda bars new Somali, Eritrean and Ethiopian refugees as aid funding falls

Uganda bars new Somali, Eritrean and Ethiopian refugees as aid funding falls

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

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