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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

Ultimate Uganda

Man Murdered, Body Found Decomposing On The Roadside With Dead Pig Parked In A Green Sack

Man Murdered, Body Found Decomposing On The Roadside With Dead Pig Parked In A Green Sack

Buikwe District residents were left shocked after a suspected mob killing was reported in Kafumbe village, Bbibo parish, Kawolo sub-county, Lugazi municipality. According to the territorial police, the incident is believed to have occurred during the night of December 5, 2025, though the exact ti

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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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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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PFF’s Sam Makokha Charged With Misprision of Treason

PFF’s Sam Makokha Charged With Misprision of Treason

Ugandan authorities have charged opposition politician Samuel Makokha with misprision of treason, alleging that he failed to report information about an alleged plot to overthrow the government involving veteran opposition figure Col. (Rtd) Dr. Kizza Besigye, according to an official charge sheet

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Forces Behind Commissioner Land Registration Mugaino’s Illegal Cancellation Of Makerere Prime Land Title Unearthed

Forces Behind Commissioner Land Registration Mugaino’s Illegal Cancellation Of Makerere Prime Land Title Unearthed

The controversy surrounding the cancellation of the certificate of title for Kibuga Block 28 Plot 540 (worth billions of shillings) at Makerere which belongs to an 82-year-old, wheelchair-bound lady has taken a new twist. It has been established that the defiance of the Commissioner for Land Regi

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GOLD SHOCK! FBI Agent, US Army Ranger, Embassy Staff Lose Sh1.6bn in Kampala Gold Scam

GOLD SHOCK! FBI Agent, US Army Ranger, Embassy Staff Lose Sh1.6bn in Kampala Gold Scam

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

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BREAKING! Kenyan Politician Who Went Missing Found in Mbale City – Uganda

BREAKING! Kenyan Politician Who Went Missing Found in Mbale City – Uganda

Kenyan politician and former aspirant for the Tinderet parliamentary seat, Shadrack Maritim, who went missing in October, has been found alive in Uganda.Maritim, who went missing after leaving his house for a morning jog, was found in Mbale, Uganda, on Wednesday, December 3. Prior to his

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Besigye Moves to Halt Treason Trial Over Constitutional Petition

Besigye Moves to Halt Treason Trial Over Constitutional Petition

The prosecution further alleges that Besigye sought surface-to-air missiles, ricin poison, counterfeit currency, and planned to use drone technology to assassinate President Yoweri Museveni. The state claims it has audio and video recordings, social media messages, immigration documents, and phon

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Appointment of New Court Martial Paves Way for Trial of Gen Birungi

Appointment of New Court Martial Paves Way for Trial of Gen Birungi

President Museveni has appointed a new leadership of the General Court Martial, clearing the final administrative hurdle for the long-awaited prosecution of former military intelligence chief Major General James Birungi, who has been detained since August on charges that include treason, terroris

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