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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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Keeping your festive spending under control

Keeping your festive spending under control

Januworry hits hard when December’s early payday meets festive overspending, but with a few simple habits, you can avoid the five-week squeeze.Holiday cheer fades fast, your expenses don't. Keep a weekly spending cap and resist the urge to spend more just because you earned mo

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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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Arsenal to bid €45m in shock January signing as Berta goes ‘all out’ for ‘Mbappe-like’ attacker

Arsenal to bid €45m in shock January signing as Berta goes ‘all out’ for ‘Mbappe-like’ attacker

Arsenal are preparing to bid roughly €45m in January for a player who might not help their title challenge one bit, while Andrea Berta is reportedly going ‘all out’ to sign a forward compared to Kylian Mbappe and a recent Arsenal signing has been branded ‘Raheem Sterling 2.0’.

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Mulago Hospital Performs First Keyhole Surgery to Remove Prostate Cancer

Mulago Hospital Performs First Keyhole Surgery to Remove Prostate Cancer

KAMPALA — Mulago National Referral Hospital has achieved a major milestone after doctors successfully carried out the first-ever laparoscopic radical prostatectomy, a keyhole surgery used to remove the prostate gland in a patient with prostate cancer.The surgery was performed

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EX-POST BANK MD OFF THE HOOK! Judge Blasts “Baseless, Vindictive” Internal Auditor as 8-Year Sh292m Case Collapses

EX-POST BANK MD OFF THE HOOK! Judge Blasts “Baseless, Vindictive” Internal Auditor as 8-Year Sh292m Case Collapses

Former Post Bank Uganda managing director Stephen Mukweli (L) is finally a free manFormer Post Bank Uganda managing director Stephen Mukweli is finally a free man after the Anti-Corruption Court tore apart the state’s entire case and acquitted him of all criminal charges.

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Time to hand over power to younger generation - Amama Mbabazi urges

Time to hand over power to younger generation - Amama Mbabazi urges

Speaking yesterday at the annual Tumusiime Mutebile memorial lecture, held at Makerere University in honour of the late Bank of Uganda Governor, Mr Mbabazi framed inter-generational leadership as the "missing link" critically needed for Africa’s transformation.Former Ugandan P

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Musk says H-1B visas being 'gamed' by outsourcing firms

Musk says H-1B visas being 'gamed' by outsourcing firms

 Tesla boss Elon Musk has said H-1B visas were being "gamed" by "some outsourcing companies", but the solution was stopping the abuse and not dismantling the system.Roughly 70% of these visas - that allow US companies to hire skilled foreign workers - are used by Indi

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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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Mityana SS shines as youth innovation takes centre stage at 2025 Enterprise Challenge National finals

Mityana SS shines as youth innovation takes centre stage at 2025 Enterprise Challenge National finals

Uganda’s brightest young innovators gathered in Kampala on Thursday for the 2025 National Enterprise Challenge finals, a showcase of the country’s most promising student-led enterprises.The event, held at Pope Paul VI Memorial Hotel in Rubaga, brought together top-performing schools fr

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