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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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TRAGIC! Sudden HR boss death strikes UNEB

TRAGIC! Sudden HR boss death strikes UNEB

Uganda’s education sector is reeling after the sudden death of Sebastian Mwendha Ngobi, the Director of Human Resources & Administration at the Uganda National Examinations Board (UNEB).Ngobi, a veteran education administrator, died on the evening of Friday, 5th December,

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Electoral Commission Advertises Presiding Officer, Polling Assistant Jobs

Electoral Commission Advertises Presiding Officer, Polling Assistant Jobs

The Commission invites applications for Presiding Officers and Polling Assistants to serve at polling stations across the country. Applicants must be registered voters, of high moral character and integrity, and preferably residents of the respective polling areas. Experience in election-related

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Campaign Disruption in Aswa West!! Authorities Intervene as Kyagulanyi Defies Rally Rules

Campaign Disruption in Aswa West!! Authorities Intervene as Kyagulanyi Defies Rally Rules

The Territorial Police in Aswa West Region prevented the National Unity Platform (NUP) presidential candidate, Hon. Kyagulanyi, from proceeding to a location outside his designated campaign area on Thursday, December 5, 2025. The move sparked tension as the candidate attempted to divert his rally

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Rwanda Approves Airline-Style Bus Reform in Kigali

Rwanda Approves Airline-Style Bus Reform in Kigali

Kigali is preparing to roll out one of East Africa’s most ambitious public transport reforms, a service-led model that places efficiency, reliability and strict timekeeping at the centre of urban mobility.The reform, approved by the Rwandan Cabinet on November 28, will require public bus

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Japanese 'One Piece' singer stopped mid-show after China-Japan feud

Japanese 'One Piece' singer stopped mid-show after China-Japan feud

BBC | The abrupt cancellations of several Japanese music events in Shanghai - one of them midway through a song - have sparked criticism among fans, with some calling the moves "rude" and "extreme".Maki Otsuki was halfway through the theme of hit anime One Piece on Friday

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Uganda–Qatar Embassy Hosts Successful Diaspora Convention in Doha

Uganda–Qatar Embassy Hosts Successful Diaspora Convention in Doha

The Embassy of the Republic of Uganda in Doha successfully hosted the 2025 Uganda–Qatar Diaspora Convention on November 28, drawing hundreds of Ugandan migrant workers, diaspora leaders, government officials, and private-sector partners for a full day of engagement and empowerment.The Co

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FAUMA Urges Govt to Deploy Legal Teams in Embassies to Protect Migrant Workers

FAUMA Urges Govt to Deploy Legal Teams in Embassies to Protect Migrant Workers

The Federation of All Uganda Migrant Workers (FAUMA) has asked the government to immediately establish dedicated legal teams at Uganda’s embassies in major labour-receiving countries to help migrant workers access justice and protection.FAUMA President Kenneth Oloka told the Nile Post th

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124 UPDF Engineers Complete Specialised Training in Land Law and Estate Management

124 UPDF Engineers Complete Specialised Training in Land Law and Estate Management

A total of 124 soldiers from the Uganda Peoples’ Defence Forces (UPDF) Engineers Brigade have successfully completed a specialised course in land law and estate management at the Uganda Military Engineers College (UMEC) in Lugazi.The training is part of the UPDF’s ongoing efforts to st

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