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Facebook moves to make more video ad money

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 …

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British city refuses licence for Uber

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 …

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Chinese auto giant to end petrol vehicle sales by 2025

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 …

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Uganda pushes for conclusion of Doha round of negotiations

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 …

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Liquid Telecom now targets start-ups for growth

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 …

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BOU LECTURE: Is it time for state protection of industries?

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, …

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Bitcoin tops $18,000 in debut on major bourse

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 …

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DFCU injects $2.8m in agribusiness training

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 …

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