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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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M23 Rebels Capture Kamanyola, Luvungi Towns in Advance to Uvira Near Burundi Border

M23 Rebels Capture Kamanyola, Luvungi Towns in Advance to Uvira Near Burundi Border

Congo’s army has accused Rwanda and M23/AFC rebels of intensifying cross-border artillery bombardments on populated areas of South Kivu, just two days after Kinshasa and Kigali signed a landmark peace accord in Washington aimed at ending decades of conflict in the region.In a

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Presidential candidate Munyagwa’s father throws weight behind President Museveni ahead of 2026 elections

Presidential candidate Munyagwa’s father throws weight behind President Museveni ahead of 2026 elections

Hajji Bruhan Sserunga, a veteran community leader and father of Hon. Mubarak Munyagwa, the presidential candidate for the Common Man’s Party, has publicly hailed President Yoweri Kaguta Museveni for his exceptional leadership, sending a strong message of respect and confidence ahead of the elec

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Government confirms plans to shut down internet ahead of January elections

Government confirms plans to shut down internet ahead of January elections

Mr Kamugisha stated that popular platforms such as TikTok, YouTube, Facebook, X (formerly Twitter), and Instagram are all under review ahead of the general elections set for mid January 2026.The Ugandan government is planning to impose restrictions on internet access, including

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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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Tanzania Police Issue Strong Warning Ahead of Uhuru Demo

Tanzania Police Issue Strong Warning Ahead of Uhuru Demo

The Tanzania Police Force has issued a chilling public alert, accusing organizers of planned “indefinite peaceful protests” scheduled for December 9, 2025, of openly plotting nationwide violence, looting, and economic sabotage under the cover of demonstrations.In a statement

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Kumi DEO Urges Stronger Support for Nursery Education

Kumi DEO Urges Stronger Support for Nursery Education

Kamuli — Kumi District Education Officer Sarah Adong has called on government, parents and communities to fully embrace nursery education, saying early childhood learning is a crucial foundation that prepares children to transition smoothly into primary school.She made the remarks during

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Uganda Books U-17 Afcon Slot After Dominant Win Over Ethiopia

Uganda Books U-17 Afcon Slot After Dominant Win Over Ethiopia

Uganda’s U-17 national team, the Uganda Cubs, have qualified for the TotalEnergies Caf U-17 Africa Cup of Nations 2026 after outclassing Ethiopia 3-0 in the semi-finals of the Cecafa Zonal Qualifiers at the Abebe Bikila Stadium on Sunday.A composed brace from Lorian Lwesibawa and a well-

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Over 120,000 home cameras hacked for 'sexploitation' footage

Over 120,000 home cameras hacked for 'sexploitation' footage

Four people have been arrested in South Korea for allegedly hacking over 120,000 video cameras in homes and businesses and using the footage to make sexually exploitative materials for an overseas website.Police announced the arrests on Sunday, saying the accused exploited

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Singapore executes three men for drug offences over two days

Singapore executes three men for drug offences over two days

Singapore hanged three people for drug offences last week, bringing the total number of executions to 17 this year - the highest since 2003.These come a week before a constitutional challenge against the death penalty for drug offences is due to be heard.Singapore h

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