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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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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:

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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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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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Dr Ggoobi Visits NARO Anti-Tick Vaccine Facility Ahead of Commercial Production

Dr Ggoobi Visits NARO Anti-Tick Vaccine Facility Ahead of Commercial Production

The Permanent Secretary and Secretary to the Treasury (PSST), Dr Ramathan Ggoobi, has visited the National Agricultural Research Organisation (NARO) Anti-Tick Vaccine facility at Nakyesasa to assess readiness and requirements ahead of its upcoming commercial production.Dr Ggoobi

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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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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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BREAKING: Coup Underway in Benin Republic As Military Overthrows Talon’s Government

BREAKING: Coup Underway in Benin Republic As Military Overthrows Talon’s Government

Coup Underway in Benin Republic As Military Overthrows Talon’s GovernmentMilitary officers in Benin Republic have taken control of the federal government.A group of soldiers led by Lieutenant Colonel Pascal Tigri, announced the dissolution of the government during a bro

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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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