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
Cristiano Ronaldo is set to be available for the start of Portugal's World Cup campaign despite his red card against the Republic of Ireland.A FIFA disciplinary committee has imposed a three-match ban, but the final two games are suspended for one year provided there is no simil
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
The Industrial Court has ordered Uganda Airlines to pay its former Chief Executive Officer, Cornwell Muleya, about Shs 455 million in severance pay, general damages, and other costs for wrongful dismissal.In his ruling, Justice Anthony Wabwire Musana found that Muleya’s suspen
The Industrial Court of Uganda has ordered the Uganda Revenue Authority (URA) to pay a total of UGX 51 million to its former manager of compliance, David Kalemera, after concluding that the URA failed to grant him a fair hearing during his termination process.In the award delive
Ham Enterprises continue to erect structures near Nakivubo channel despite an order from KCCA to stop the worksKampala — A confidential Kampala Capital City Authority (KCCA) report seen by ChimpReports has blamed illegal construction and regulatory failures for the deadly floods that swe
The Premier League is often said to be the best football league in the world, not just for its flair and world-class talent, but for its unmatched intensity that adds excitement to every match.However, that same intensity sometimes crosses the line, resulting in rash tackles and
Fresh revelations have emerged about the identities of at least 16 Nigerian military officers currently being detained over an alleged plot to overthrow the government.According to reliable military sources, fourteen of the detained officers are from the Nigerian Army, while two
Spanish football fan who racially abused Barcelona forward Marcus Rashford is set to be given a £3,500 fine, a report has claimed.Rashford, who has been subjected to racial abuse throughout his career, was targeted by a Real Oviedo fan during Barcelona's 3-1 win in LaLiga last
A newly transferred Electoral Commission (EC) Returning Officer, Gaston Muhangi, is in hot soup after ploughing into four buffaloes inside Queen Elizabeth National Park on Friday night, killing them instantly in a wild drunken crash!The bizarre scene unfolded near Kik
