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
The Tanzania Police Force has issued a chilling public alert, accusing organizers of planned “indefinite peaceful protests” scheduled for December 9, 2025, of openly plotting nationwide violence, looting, and economic sabotage under the cover of demonstrations.In a statement released W
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
The Uganda Peoples’ Defence Forces (UPDF) Department of Production has taken a major step toward modernising its agricultural practices following a high-level field demonstration held at the Kabamba Army Farm.The event featured Jo Min Kim, a visiting professor from the University of Toky
The Uganda Chamber of Commerce and Entrepreneurs’ League and Confederation (UCCEC) has dragged the Governments of Uganda, Kenya and Tanzania to the East African Court of Justice (EACJ) over what it describes as persistent violations of Uganda’s right of access to the Indian Ocean.The P
Lwemiyaga County MP Theodore Ssekikubo has escalated his challenge against the nomination of his rival, Brig. Gen. Emmanuel Rwashande, accusing Electoral Commission (EC) officials in Ssembabule District of clearing the National Resistance Movement (NRM) flag bearer using “forged, fraudulent and
‘We must also recognise that the G20 may be reaching the end of a cycle.’Macron speaks during the opening plenary session at the G20 summit in South Africa. Image: BloombergEmmanuel Macron has a penchant for predicting the end of eras.Back in 2019, years before Russia’s
A Polish armed forces chief has warned that Vladimir Putin is preparing for war after what an "unprecedented act of sabotage" where a key rail link between Warsaw and Ukraine was blown upPutinPutin is preparing for war it is claimedRussia is preparing for war against NATO, Po
The Electoral Commission’s decision to nullify the nomination of NUP’s Mercy Rebecca Abedican and declare Minister Phiona Nyamutoro elected unopposed has triggered sharp debate over the integrity of Uganda’s nomination verification system and its implicati
