Business

Wolfsburg, Germany | AFP |  Volkswagen, world champions for the past four years with Sebastien Ogier, said Wednesday they are withdrawing from the world rally championship dealing a major blow to the series. The German auto giants, reeling from the Dieselgate scandal, announced last week that luxury brand Audi was …

San Francisco, United States | AFP | Uber on Wednesday began rolling out an overhauled smartphone application that uses artificial intelligence in a bid to speed up and improve the ride-sharing experience. The update is the first major overhaul for the popular application since 2012 and aims to simplify usage …

New York, United States | AFP | Thomson Reuters announced a new “streamlining” plan on Tuesday to cut an estimated 2,000 jobs at the financial information group as it reported flat revenues and a drop in profits. “Our core subscription businesses are moving in the right direction, our cost controls …

Doha, Qatar | AFP | Qatar’s emir said Tuesday that the super-rich Gulf state must tackle its “culture of consumption” as it deals with the sharp decline in world energy prices. In a speech to mark the opening session of Qatar’s Advisory Council, Sheikh Tamim bin Hamad Al-Thani also called …

Zurich, Switzerland | AFP | China’s state-owned chemical corporation (ChemChina) said Tuesday that it had extended its $43 billion offer for Swiss seed giant Syngenta until January 5, after EU regulators announced they would probe the deal. The massive takeover would be the biggest in a recent spate of Chinese …

INTERVIEW: Adnan Mpuga is the Executive Director of Eastlands Agency. He spoke to Agnes E. Nantaba about trends in Uganda’s property and real estate market. What are the key elements in your management style as a manager? Hard work, honesty and respect for all are key elements in management. Working …

Artisanal miners make a killing from ‘illegal’ gold mining as district authorities, government cry out for more revenue From a distance, “Saigon City” in Lubaali— Kayonza, Kitumbi Sub-County in Mubende District, resembles a desperately crowded refugee camp. Here, hundreds of congested makeshift tents and lodging structures are mostly dressed or …

Uganda’s Minister of Trade Amelia Kyambadde has said the country is ready to ratify the EAC-COMESA-SADC Tripartite Trade Agreement  before June 2017 and start implementation so as to benefit from a proposed free trade arrangement. Speaking at the end of a regional meeting in Nairobi on Sunday, Kyambadde said it was unfortunate …

VIDEO: Helping customers realize life ambitions by looking after their money and wealth is key to restoring trust and confidence in Uganda’s banking industry. According to Elliot Mwebya the Executive Director Governors office, Ugandan banks have a big task to build trust and confidence with the Ugandan public. Share on: WhatsApp

ATC News by Wolfgang H. Thome The added inflow of travelers into Rwanda, to a large part for conference tourism and MICE events, is now opening up investment opportunities across the country and especially along the tourism zone along Lake Kivu. Two new hotels in Kigali, the Radisson Blu Hotel …