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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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From 2 600% gain to 86% wipeout, crypto’s hottest trade collapses

From 2 600% gain to 86% wipeout, crypto’s hottest trade collapses

Investing in public companies holding bitcoin and other digital tokens was a major trend earlier this year, but the market has turned …Bitcoin itself is down only 6%. Around 70% of digital asset treasuries are expected to finish the year lower than their starting value. Image: Angel Garc

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Chinese woman marries soldier who rescued her from earthquake debris when she was 11.

Chinese woman marries soldier who rescued her from earthquake debris when she was 11.

Chinese woman marries soldier who rescued her from earthquake debris when she was 11A Chinese woman married the soldier who rescued her during the earthquake after the two unexpectedly reunited years later. A Chinese woman who was rescued as a child from the debris of the devastating Wenchuan ear

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Agent Luka Modric?! AC Milan aim to use Croatia international to help land his former Real Madrid team-mate

Agent Luka Modric?! AC Milan aim to use Croatia international to help land his former Real Madrid team-mate

AC Milan are planning to use Croatia legend Luka Modric to help land his former Real Madrid team-mate Andriy Lunin in case their star goalkeeper Mike Maignan exits the club as a free agent. Maignan, a France international, looks set to leave the Italian club at the end of the season, with no new

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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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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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Bobi Wine Fans Injured as Rising Security Violence Hits NUP Campaign

Bobi Wine Fans Injured as Rising Security Violence Hits NUP Campaign

Bobi Wine condemned today's violence in GuluGULU: Violence surrounding the campaign trail of National Unity Platform (NUP) presidential candidate Robert Kyagulanyi intensified on Saturday after armed gangs attacked his rally venue in Gulu City and security forces blocked him from accessing

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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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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 AFC/M23 rebe

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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.Mukweli h

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