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 imp...
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GOLD SHOCK! FBI Agent, US Army Ranger, Embassy Staff Lose Sh1.6bn in Kampala Gold Scam
Uganda’s notorious gold fraud syndicates have struck again—this time roping in high-profile foreign operatives, including a former FBI Special Agent, a form...
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 t...
Appointment of New Court Martial Paves Way for Trial of Gen Birungi
President Museveni has appointed a new leadership of the General Court Martial, clearing the final administrative hurdle for the long-awaited prosecution of former milita...
Tulip Siddiq MP given jail sentence in Bangladesh after trial in her absence
Labour MP and former minister Tulip Siddiq has been sentenced to two years in prison in Bangladesh after being put on trial in her absence alongside 16 other people over...
Judge: URA Wrongfully Fired David Kalemera Despite Evidence of Tax Scheme
Uganda’s Industrial Court has ruled that the Uganda Revenue Authority (URA) unlawfully dismissed former customs officer David Kalemera, awarding him about 51 milli...
State House Anti-Corruption Unit Launches Probe Into SACCO, Electricity Issues At Mbarara Market
The State House Anti-Corruption Unit (SH-ACU) on Wednesday convened a baraza with Mbarara City leaders, market vendors and their representatives in a bid to resolve longs...
US adds Venezuelan ‘cartel’ to terror list as military threat rises
The United States has designated what Venezuelans call the “Cartel de los Solesâ€, or “Cartel of the Sunsâ€, a “foreign terrorist organization...
Court issues criminal summons for ex-Trade PS Ssali in Shs3.8bn fraud case
The Anti-Corruption Court has issued a criminal summons for former Trade Ministry Permanent Secretary Geraldine Ssali after she failed to appear for the mention of a Shs3...
NRM welcomes UPC defectors in Apac, warns against corruption, political propaganda
The ruling National Resistance Movement (NRM) has deepened its political dominance in Apac after absorbing a fresh wave of defectors from the Uganda Peoples’ Congr...