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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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China's exports grow 5.9% in November, while US shipments drop 29%

China's exports grow 5.9% in November, while US shipments drop 29%

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

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5 Foods You Should Eat Less of After 50, According to Dietitians

5 Foods You Should Eat Less of After 50, According to Dietitians

Cutting back on these everyday foods can help you feel stronger, sharper and healthier in your 50s.Key PointsTurning 50 is a great time to start making healthier food choices to support aging.Though no food is completely off-limits, keep fried, sugary, s

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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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: Minister Huda’s Military Escorts Killed in Bombo Accide

: Minister Huda’s Military Escorts Killed in Bombo Accide

According to the 2024 Annual Traffic Police Report, the country recorded over 23,000 road crashes, resulting in approximately 4,800 deaths and tens of thousands of injuriesNorbert MaoKAMPALA: Uganda’s Minister of Justice and Constitutional Affairs, Norbert Ma

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Big rally crowds don’t win elections’ - Janet Museveni

Big rally crowds don’t win elections’ - Janet Museveni

Mrs Museveni's comments came during a political climate where the size of rally crowds has become the dominant measure of a candidate’s popularity. Uganda’s First Lady, Janet Museveni, has cautioned members of the ruling National Resistance Movement (NRM) against complacency

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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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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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