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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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Keeping your festive spending under control

Keeping your festive spending under control

Januworry hits hard when December’s early payday meets festive overspending, but with a few simple habits, you can avoid the five-week squeeze.Holiday cheer fades fast, your expenses don't. Keep a weekly spending cap and resist the urge to spend more just because you earned more. Image:

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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’.Ars

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Mulago Hospital Performs First Keyhole Surgery to Remove Prostate Cancer

Mulago Hospital Performs First Keyhole Surgery to Remove Prostate Cancer

KAMPALA — Mulago National Referral Hospital has achieved a major milestone after doctors successfully carried out the first-ever laparoscopic radical prostatectomy, a keyhole surgery used to remove the prostate gland in a patient with prostate cancer.The surgery was performed on a 73-yea

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FRANKLIN KAROKORA: Rwakasisi must seek true forgiveness, not dodge murder conviction

FRANKLIN KAROKORA: Rwakasisi must seek true forgiveness, not dodge murder conviction

Following the National Prayer Breakfast on forgiveness, OPED author Franklin G. Karokora challenges Chris Rwakasisi to stop dodging his mass murder conviction and show remorse to the families of the six victims.Chris Rutimbirayo Rwakasisi CMMChris Rwakasisi was on June 30th 1988 con

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Rwanda Approves Airline-Style Bus Reform in Kigali

Rwanda Approves Airline-Style Bus Reform in Kigali

Kigali is preparing to roll out one of East Africa’s most ambitious public transport reforms, a service-led model that places efficiency, reliability and strict timekeeping at the centre of urban mobility.The reform, approved by the Rwandan Cabinet on November 28, will require public bus

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Parliamentary Sacco Assets Rise 14% to Shs 86.3bn

Parliamentary Sacco Assets Rise 14% to Shs 86.3bn

Uganda Parliamentary SACCO has registered growth in its assets base in the last financial Year 2024-2025.The SACCO current assets stands at 86.3 billion from 75.8 billion in the FY 2023/2024 representing a 14% growth.The CEO of the sacco Mureebe Methods Muhakuna revealed this during

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From City Council Speaker To Parliamentarian: Mbayo’s Quest for Jinja City South West Constituency

From City Council Speaker To Parliamentarian: Mbayo’s Quest for Jinja City South West Constituency

In the unpredictable contest for Jinja City South West Constituency, where 10 candidates are vying for the sole seat, Bernard Mbayo, the current Speaker of Jinja City Council emerges as a dark horse.Mbayo is also a member of the National Executive of the Urban Authorities Association of Ug

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Central Bank of Russia eases restrictions, opens mutual funds to crypto investments

Central Bank of Russia eases restrictions, opens mutual funds to crypto investments

Russia’s relationship with crypto has swung between crackdowns and cautious acceptance, and its latest moves show that this balancing act is far from over.After first pushing in 2022 to block all crypto issuance, trading, and mining over concerns about financial stability and monetary so

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I Am Very Proud Of My Busoga Culture – Tracy Melon

I Am Very Proud Of My Busoga Culture – Tracy Melon

Singer Tracy Melon proudly celebrates her Busoga roots and says she will never hide her cultural identity.I Am Very Proud Of My Busoga Culture – Tracy MelonSinger Tracy Melon has expressed immense pride in her Busoga heritage, saying she openly embraces her culture and will never

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