business news

Budget 2026: how to beat the new savings tax rates
business

Budget 2026: how to beat the new savings tax rates

John Healey’s budget offered a ‘sting in the tail’ for savers by raising tax rates but there are ways to ease the pain Savers were both winners and losers in Wednesday’s budget. In his first outing as chancellor, John Healey dropped a plan to cut the cash Isa limit for under-65s but surprised everyone with an extra tax charge on savings and property income.

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Avanti West Coast paid out £20m in ‘delay repay’ passenger refunds this summer
business

Avanti West Coast paid out £20m in ‘delay repay’ passenger refunds this summer

Intercity train operator’s compensation bill likely to top £70m this financial year amid rise in claims across network Avanti West Coast paid out more than £20m to passengers in just three months this summer in refunds for disrupted journeys on Britain’s main intercity rail network. It repaid a further £12.2m in the subsequent eight weeks.

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Akim Swedru MP supports 145 traders, apprentices and artisans
business

Akim Swedru MP supports 145 traders, apprentices and artisans

The Member of Parliament for Akim Swedru, Kennedy Osei Nyarko, has provided financial and skills development support to 145 constituents as part of efforts to promote entrepreneurship and vocational training. The intervention, carried out during the week, is intended to address some of the financial and practical challenges facing small-scale business owners, young people seeking vocational training and artisans transitioning into independent work.

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Eight in 10 homes in London’s poshest postcodes now sell below asking price, Coutts finds
business

Eight in 10 homes in London’s poshest postcodes now sell below asking price, Coutts finds

Sellers in areas such as Belgravia and Mayfair face hundreds of thousands of pounds in losses as property prices fall Eight out of 10 properties in London’s most exclusive neighbourhoods – such as Mayfair, Belgravia and Knightsbridge – now sell below asking price, according to research by Coutts, which provides private banking services to wealthy clients. Property prices in “prime central London”, which covers the city’s most expensive postcodes, have dropped 5% in the third quarter of 2026, as the slowdown in the UK’s property market hits its wealthiest residents.

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Kisii hosts World Cities Day 2026 as leaders urge counties to integrate housing and waste management
business

Kisii hosts World Cities Day 2026 as leaders urge counties to integrate housing and waste management

KISII, Kenya Oct 31 – County governments have been urged to strengthen waste management through reliable collection, segregation at source, recycling, material recovery and safe disposal, as Kisii hosted this year’s World Cities Day celebrations. In Kisii County, he cited affordable housing projects in Ogembo, Suneka, Nyachenge, Nyanchwa and Nyaribari Masaba as opportunities to expand access to housing, create jobs and stimulate local economic activity.

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Obi’s 2027 economic plan targets N500/$1, says Utomi
business

Obi’s 2027 economic plan targets N500/$1, says Utomi

Political economist and chieftain of the Nigeria Democratic Congress, Pat Utomi, says the party’s presidential candidate, Peter Obi, plans to strengthen the naira to N500 per dollar if elected in 2027. Utomi further projected that a bunch of plantain would drop from N2,500 to N1,250, while the price of whole chicken could fall from N7,000 to N3,500.

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We believe 5G investment underscores our commitment to sustaining network quality, supporting Ghana’s growing digital connectivity – MTN
business

We believe 5G investment underscores our commitment to sustaining network quality, supporting Ghana’s growing digital connectivity – MTN

MTN Ghana says it is currently finalising the required formalities and payment obligations associated with the acquisition of a 5G license. MTN said the additional spectrum will complement its existing spectrum assets and strengthen its ability to meet growing demand for high-speed connectivity and data-centric services across Ghana.

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Youth unemployment exceeds 32%; about 12m Ghanaians are between 15 and 35 years – GSS
business

Youth unemployment exceeds 32%; about 12m Ghanaians are between 15 and 35 years – GSS

The figures are presented in Ghana in Numbers, 2025, the new annual flagship publication of the Ghana Statistical Service (GSS), which brings official statistics on Ghana’s population, economy, society, governance and environment into one accessible volume. The publication and related data resources are available through the Ghana Statistical Service website, StatsBank and the GSS Stats App.

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Family, friends pay tributes to ex-Leadway Assurance boss
business

Family, friends pay tributes to ex-Leadway Assurance boss

Family members, friends and business associates on Friday celebrated the life of former Leadway Assurance executive, Olawale Oyedele, with tributes highlighting his generosity, business accomplishments and commitment to lifting others. At his funeral service in Lagos, a pastor of the English Baptist Church, Kaduna, Rev. Dr Yakubu Ishaku, who presided over the ceremony, reminded mourners

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MTN Ghana reports 44.4% growth in mobile money transactions as digital services expand
business

MTN Ghana reports 44.4% growth in mobile money transactions as digital services expand

MTN Ghana has reported a 44.4 per cent year-on-year increase in the value of Mobile Money transactions for the first half of 2026, alongside plans to invest US$1.1 billion over three years to expand its network infrastructure and digital services across the country. Support for businesses On support for businesses, MTN Ghana’s Network Manager for the South East, Duku Samuel, said the company was providing tailored products for small and medium-sized enterprises (SMEs).

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