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
KAMPALA, Uganda — In a nod to the unsung architects of the city’s bustling commercial landscape, two of Uganda’s most influential tycoons, Sudhir Ruparelia and Haji Muhammad Matovu Yanga, have been crowned Kampala’s Best Business Landlords of 2025.The accolade, announced Tuesday by
How the rivalry between the two Gulf carriers has contributed to the growth of the local aviation industryEmirates and Qatar Airways, the two Gulf carriers dominating the global aviation industry are flexing muscles over the fast growing Ugandan market. Every week thousands of Ugandans dep
Property developer Sentongo HarunaCities, like people, grow in stages. Kampala, once a small settlement of hills dotted with temples, palaces, and modest trade centers, has become a sprawling metropolis of over 3 million people. The city buzzes with trade
The government has launched the National Climate Change Mechanisms Regulation, a key milestone in the country's efforts to operationalise Article 6 of the Paris Agreement and tap into the growing global carbon market.Unveiled by the Ministry of Water and Environment at its headquarters in
The Judiciary of Uganda has hosted a high-level delegation from Namibia for a two-day benchmarking visit focused on Electronic Court Case Management Information System (ECCMIS), a digital reform aimed at improving judicial efficiency and transparency.The Namibian team, led by Deputy C
MTN Uganda has paid Shs 42.5 billion to the Uganda Communications Commission’s (UCC) Universal Service and Access Fund (USAF) as its statutory levy.The amount represents 2% of MTN Uganda’s gross annual revenue for the financial year ending 31 December 2024, in compliance
As competition intensifies and the demand for certifications and accreditations in the oil and gas sector grows, it has become essential for both companies and their workforce to obtain these credentials. Certification not only builds industry trust but also enables organisations to compete
The government of China has joined forces with the Busoga Consortium for Development (BCD) to tackle household poverty in the region. This collaboration comes after a 2019/2020 report by the Uganda Bureau of Statistics (Ubos) revealed that Busoga was among the top five sub-regions hind
President Museveni has once again told teachers of humanities that their salaries won't be enhanced soon as they continue investing funds in the countryâs priority areas like infrastructure. Addressing hundreds of teachers during a belated 2024 World Teachersâ Day celebrations
