Business

San Francisco, United States | AFP | Facebook on Thursday moved to bolster its appeal and money-making potential as an online platform for viewing video similar to YouTube. The leading social network will next year test showing short ads before videos on a new ‘Watch’ section devoted to just that …

London, United Kingdom | AFP | The city of York in northern England has refused to grant US ride-hailing app Uber a licence to operate, creating more headaches for the company in Britain after a similar move by regulators in London. The city’s council explained its decision on Tuesday by citing …

Beijing, China | AFP | One of China’s largest state-owned automakers has said it will phase out sales of all petrol vehicles by 2025, as Beijing considers taking all fuel-burning cars off the country’s roads. Beijing Automotive Group Co (BAIC) chairman Xu Heyi said over the weekend the company will phase …

UPDF deployment cited in the reduction in illegal fishing Kamapla, Uganda | ISAAC KHISA | Fish lovers can now enjoy the succulent white flesh of Nile Perch or Tilapia from Lake Victoria as the stocks recovers since the Uganda People’s Defence Forces under the Fisheries Protection Unit began policing the water …

Kampala, Uganda | GODFREY SSALI | Uganda has objected to the introduction of new issues in the World Trade Organization negotiations before the completion of the negotiations on issues in the Doha Round of negotiations. Speaking during the meeting for the African Group in the ongoing 11th WTO Ministerial conference in …

Kampala, Uganda | ISAAC KHISA | Liquid Telecom Uganda, part of the pan-African telecoms group Liquid Telecom, has partnered with The Innovation Village, a hub and co-working space in Kampala, to support Ugandan start-ups with high-speed internet and cloud-based services. Liquid Telecom Uganda, formerly known as Infocom, will work alongside The …

But should Dr. Ha – Joon Chang’s push for more state intervention in the economy be the future? Kampala, Uganda | JULIUS BUSINGE | The guest speaker at the Bank of Uganda’s flagship annual lecture series; the Joseph Mubiru Memorial Lecture, is usually a distinguished individual in the field of finance, …

New York, United States | AFP | Bitcoin surged past $18,000 after it began trading on its first major global exchange Sunday, the latest in a series of highs that have excited some investors while leaving others nervous of a bubble. Trading of the controversial digital currency on a futures contract …

THIS WEEK: DFCU injects $2.8m in agribusiness training Kampala, Uganda | THE INDEPENDENT | Organized farmers have a reason to smile. For the next five years, Dfcu and Rabobank Foundation are injecting a combined US$ 2.8million in the Agribusiness Development Center (ADC) that will see farmers attain knowledge and skills …

French domination sparks fight with Chinese   Kampala, Uganda | HAGGAI MATSIKO | Oil companies—Total E&P, Tullow Oil and CNOOC—are locked in a bitter fight for control of Uganda’s oil sector.  The coveted prizes are deals worth about $20 billion. The three entered a partnership in 2012 when Tullow Oil, which …