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
Anne Juuko, a seasoned banking executive and former CEO of Stanbic Bank Uganda, has stepped down from her role as Standard Bank Group’s Regional Head of East Africa for Global Markets.Juuko resigned this month, bringing to a close her 18-month tenure in the regional position.
The prosecution further alleges that Besigye sought surface-to-air missiles, ricin poison, counterfeit currency, and planned to use drone technology to assassinate President Yoweri Museveni. The state claims it has audio and video recordings, social media messages, immigration documents, and phon
The University of Nairobi in Kenya has reportedly disowned two academic documents submitted by Felix Adupa Ongwec—the National Resistance Movement (NRM) flag-bearer for Kioga County in Amolatar District for his nomination before the Electoral Commission, sayin
The Ministry of Works and Transport has initiated investigations into allegations of illegal fees and delays in the issuance of digital number plates, following a surge in public complaints over the new registration system.Permanent Secretary Bageya Waiswa, in a statement issued
Four people accused of attempting to defraud Stanbic Bank of Shs725 million were on Friday formally charged before the Buganda Road Chief Magistrate’s Court.They face seven counts, including forgery, uttering false documents, personation, attempted theft, and conspiracy to com
Police in Naggalama, Mukono District, have arrested three men accused of masquerading as traditional healers and defrauding members of the public in an elaborate scam that targeted residents seeking healing and wealth.According to police, the suspects—Kakumba Ali, also known a
A Sinotruk carrying sand gets stuck on a muddy road, one of the feeder roads in a deplorable state in Kasanje, Wakiso District. Despite collecting over UGX 460 million in taxes, the community says service delivery remains poor.Kasanje, Wakiso District: Kasanje, a mid-size place
Recognizing overeating signs is vital for health. Fitness coach highlights 5 symptoms, including feeling extra thirsty after a meal, and more. It’s not always easy to know if you’re eating just enough or already too much, especially when you are trying to be healthy or lose weight. Mor
Standard Chartered Bank Uganda has formally communicated to clients that it has entered into an agreement with Absa Bank Uganda for the sale of its Wealth & Retail Banking (WRB) business. The deal — which covers personal banking, wealth advisory and related retail products — remains subje
