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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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%. A...
Forces Behind Commissioner Land Registration Mugaino’s Illegal Cancellation Of Makerere Prime Land Title Unearthed
The controversy surrounding the cancellation of the certificate of title for Kibuga Block 28 Plot 540 (worth billions of shillings) at Makerere which belongs to an 82-yea...
MTN MoMo, Letshego and dfcu Bank Launch Innovative Loans to Boost Agent Liquidity
MTN Mobile Money Limited, in collaboration with Letshego Uganda and dfcu Bank, has unveiled two innovative loan products aimed at providing mobile money agents with insta...
Central Bank of Russia eases restrictions, opens mutual funds to crypto investments
Russia’s relationship with crypto has swung between crackdowns and cautious acceptance, and its latest moves show that this balancing act is far from over.After first p...
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...
US Paves Way For Talks On Lukoil’s Assets Sale In Nigeria, Other Countries.
US Paves Way For Talks On Lukoil’s Assets Sale In Nigeria, Other CountriesLukoil's international assets are estimated to be worth about $22 billion, based on 2024 filin...
Oil rises after Ukrainian attack on Russian depot.
Drone attack in export hub Novorossiysk fuels supply worriesBeijing/Singapore — Oil prices jumped about 2% on Friday on supply fears after a Ukrainian drone attack hit...
Court directs URA to pay UGX 51 million to ex-manager over flawed dismissal process
The Industrial Court of Uganda has ordered the Uganda Revenue Authority (URA) to pay a total of UGX 51 million to its former manager of compliance, David Kalemera, after...
Standard Chartered Uganda Confirms Agreement to Sell Wealth & Retail Business to Absa
Standard Chartered Bank Uganda has formally communicated to clients that it has entered into an agreement with Absa Bank Uganda for the sale of its Wealth & Retail Bankin...