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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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President Museveni Pledges Key Road Upgrade, Defends NRM Legacy at Lango Mobilisation Rally

President Museveni Pledges Key Road Upgrade, Defends NRM Legacy at Lango Mobilisation Rally

President Museveni, Denish Hamson Obua, Speaker Anita Annet Among and senior presidential advisor Sam Engola at Lango collegeLira, Uganda |7th December 2025 – President Yoweri Kaguta Museveni has pledged to consider upgrading the crucial 42.4km Dokolo–Bata–Abako–Aloi road to tarma

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MP Rukaari Vows to Rescue King of Kings Church Land as District Eviction Threats Intensify

MP Rukaari Vows to Rescue King of Kings Church Land as District Eviction Threats Intensify

MP Rukaari, Kibaju as they receive blessing from Bishop Silas and other Religious leadersAmos Tayebwa – MbararaThe tug-of-war over the land housing King of Kings Church at Kamukuzi Hill has taken a dramatic turn, with Mbarara City North MP Robert Mwesigwa Rukaari vowing

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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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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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Over 120,000 home cameras hacked for 'sexploitation' footage

Over 120,000 home cameras hacked for 'sexploitation' footage

Four people have been arrested in South Korea for allegedly hacking over 120,000 video cameras in homes and businesses and using the footage to make sexually exploitative materials for an overseas website.Police announced the arrests on Sunday, saying the accused exploited

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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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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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State House Anti-Corruption Unit Launches Probe Into SACCO, Electricity Issues At Mbarara Market

State House Anti-Corruption Unit Launches Probe Into SACCO, Electricity Issues At Mbarara Market

The State House Anti-Corruption Unit (SH-ACU) on Wednesday convened a baraza with Mbarara City leaders, market vendors and their representatives in a bid to resolve longstanding concerns affecting operations at Mbarara Central Market.The engagement brought together the Mbarara C

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Exclusive: Club Guvnor finally Sold Off to City tycoon Jackson

Exclusive: Club Guvnor finally Sold Off to City tycoon Jackson

Club Guvnor, once Kampala’s undisputed symbol of elegance and disciplined nightlife, has continued to write new chapters in Uganda’s entertainment history. While many bars struggled to regain footing following the global shock of Covid-19, the shifting dynamics o

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