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Britam’s asset management firm enters Ugandan market

Kampala, Uganda |ISAAC KHISA | Britam Holdings Plc has unveiled an asset management company in Uganda as it seeks to extend its asset management offering in the region. The new company, Britam Asset Managers (Uganda) is modelled along a similar successful company in Kenya. It will offer investment management and advisory services to pension …

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Subscription gains help put NY Times in profit column

New York, United States | AFP | The New York Times Co. said Thursday gains in paid digital subscriptions and stronger online advertising revenues helped the newspaper swing to profit in the second quarter. The prestigious daily, which has been gaining subscribers even as it is branded as “failing” by President …

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World gears up for electric cars despite bumps in road

London, United Kingdom | AFP | Technological advances mean fossil fuel in cars could be phased out within decades but switching to electric carries its own environmental and economic concerns as more and more countries announce radical plans. Britain on Wednesday said it would “end the sale of all conventional petrol …

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Facebook profit jumps as user ranks grow

San Francisco, United States | AFP |  Facebook on Wednesday reported a surge in profits in the past quarter, fueled by strong growth in money-making ads to its more than two billion users. Net profit in the second quarter leapt 71 percent from a year ago to $3.9 billion while …

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IMF to launch new form of aid – with no money

IMF to launch new form of aid – with no money Washington, United States | AFP |  The International Monetary Fund announced Wednesday it will launch a new tool to support governments in financial trouble: one that involves no money. Instead of providing cheap loans to countries, the new IMF …

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