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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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Museveni Meets Leaders in Lira and Pallisa, Addresses Connectivity, Peace and Household Incomes

Museveni Meets Leaders in Lira and Pallisa, Addresses Connectivity, Peace and Household Incomes

President Yoweri Kaguta Museveni on Sunday met leaders from Lango and Bukedi, addressing issues of infrastructure, livelihoods and regional stability.Focus on Connectivity in LangoIn Lira, the President met more than 15,000 NRM leaders from across the Lango Sub-region. Th

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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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BREAKING: Coup Underway in Benin Republic As Military Overthrows Talon’s Government

BREAKING: Coup Underway in Benin Republic As Military Overthrows Talon’s Government

Coup Underway in Benin Republic As Military Overthrows Talon’s GovernmentMilitary officers in Benin Republic have taken control of the federal government.A group of soldiers led by Lieutenant Colonel Pascal Tigri, announced the dissolution of the government during a bro

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Ugandan woman killed by train in Germany after fight with colleagues

Ugandan woman killed by train in Germany after fight with colleagues

Friends and family members confirm that Samantha was under a lot of mental stress at the time of her passingThe Ugandan community in Germany has been mourning the passing of one of their own this week. 23-year-old Samantha Twinomugisha is reported to have taken her own life by j

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M23 Rebels Capture Kamanyola, Luvungi Towns in Advance to Uvira Near Burundi Border

M23 Rebels Capture Kamanyola, Luvungi Towns in Advance to Uvira Near Burundi Border

Congo’s army has accused Rwanda and M23/AFC rebels of intensifying cross-border artillery bombardments on populated areas of South Kivu, just two days after Kinshasa and Kigali signed a landmark peace accord in Washington aimed at ending decades of conflict in the region.In a

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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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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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Bomb Hits Burundi as M23, DRC War Expands

Bomb Hits Burundi as M23, DRC War Expands

“Such provocation is unacceptable and appropriate actions will be taken to protect the Burundian population,” Bizimana said in a statement issued late on Friday.A telecommunication station was hit in Kamanyola, DRC which is under rebel M23 controlBurundi has accused A

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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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