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...
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Parliamentary Sacco Assets Rise 14% to Shs 86.3bn
Uganda Parliamentary SACCO has registered growth in its assets base in the last financial Year 2024-2025.The SACCO current assets stands at 86.3 billion from 75.8 billion...
China discovers largest gold deposit in its history – Estimated reserves reach 1,444 tonnes.
China has announced the discovery of the largest gold deposit ever found in the country since 1949, with estimated reserves of 1,444 tonnes in Liaoning province. The disc...
BoU Pushes New Credit Rules to Unlock Loans for Every Ugandan
David Kalyango, the Executive Director of Supervision at the Bank of Uganda, explained the vision: ensuring that every Ugandan, no matter their type of work, can access c...
Putin in panic as Russia faces economic meltdown with banks facing £100bn 'time bomb'
Russia's economy is facing a "time bomb", as sanctions escalate and interest rates remain high. Businesses around the country are struggling to pay back loans and are fig...
Treasury bills auction attracts Shs567b as investor demand surges.
Uganda’s domestic debt market continues to heat up, with the latest Treasury Bills auction attracting overwhelming investor interest and confirming growing confidence i...
Inflation’s silent threat: Is crypto creeping in on traditional diversifiers’ turf?
Inflation’s silent threat: Is crypto creeping in on traditional diversifiers’ turf?In today’s markets, uncertainty has become the new normal, putting pressure on tr...
All about Czech National Bank’s first $1M crypto purchase
CNB Governor Aleš Michl aims to explore Bitcoin’s role in reserve diversification through testing.Czech National Bank crypto betKey takeawaysWhy did the Czech National...
Russian economic meltdown as 7,000 companies face bankruptcy.
Russia's economic crisis is intensifying with thousands of companies reportedly facing bankruptcy. Businesses have been hit by a double whammy of sanctions and high inter...
What is a WWE Grand Slam? Who has won? Champions to know.
In November 2025, John Cena won the Intercontinental Championship and completed the WWE career Grand Slam. WWEIn November 2025, John Cena defeated Dominik Mysterio at Raw...