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Volkswagen to build car assembly plant in Algeria

Algiers, Algeria | AFP |  Volkswagen on Sunday signed a deal with its Algerian sales partner Sovac for the construction of a vehicle assembly plant in the North African country, officials told a news conference. Under the deal, worth $170 million (160 million euros), the plant will produce its first …

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Petty trade war

Why tension is growing over Indian, Chinese retail traders On Nov.18, traders in the northern Uganda town of Lira refused to open their shops for business in protest against what they termed as `unfair competition’ from foreign traders; mainly Indians. The protest by traders under the Lira Business Community (LBC) …

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Nigerian militants blow up oil pipeline

Warri, Nigeria | AFP |  Nigerian militants on Sunday blew up a state-run pipeline in the restive oil producing south, in the latest act of sabotage aimed against the strategic sector, a local official said. “The pipeline popularly known as the Abura line was bombed at about 7:30 am on …

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Trump win breathes life into private detention industry

Washington, United States | AFP | Donald Trump’s White House triumph this month caught the business world by surprise but also breathed life into a little-understood US industry: private prisons and migrant detention centers. Following the Republican’s election, shares in two of the sector’s major players, CoreCivic (formerly known as …

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VIDEO: New VAT, online challenges for URA and Africa

VIDEO: African Tax administrators have called for the need to strengthen Value Added Tax Administration on the continent to increase tax revenues. Uganda Revenue Authority Commissioner General Doris Akol says improving domestic Revenue Collection, is the only way African tax bodies can combat tax evasion. Akol was speaking during the 17th …

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Long bank queues in India? There’s an app for that!

New Delhi, India | AFP | Huge bank queues have become an ubiquitous sight across India after the government suddenly withdrew the two highest denomination notes from circulation two weeks ago — but now you can hire-a-queuer online. New Delhi-based startup BookMyChotu — a play on the Hindi word “chotu” …

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