business
AI company Anthropic files its IPO in hopes of raising $100 billion
Anthropic has filed paperwork for an initial public offering that could be one of the biggest in history. The company has yet to turn a profit.
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Houston’s message to Africa: Innovation must deliver more barrels, lower costs and better returns
By Kunle Odusola-Stevenson The future of Africa’s oil and gas industry will not be determined by the resources beneath its soil alone, but by how effectively it deploys technology, attracts investment and translates policy into commercial results. This was a central takeaway from the Society of Petroleum Engineers’ (SPE) Annual Technical Conference and Exhibition (ATCE) 2026, held in Houston, Texas, from October 21 to 23.
business
The regime change we need for Thames Water
Terry Barker says nationalisation changes who owns the shares, it does not change the rules, while James Wallace says the powers to intervene already exist. Plus a letter from Philip Clayton Andy Burnham’s instruction to officials to look at all options for Thames Water and not feel constrained (Burnham urges officials to come up with more radical options for Thames Water, 19 October) is welcome, but the options will fail unless they answer the right question.
business
Marketability of poetry hasn’t been explored enough – Nana Asaase
Ghanaian Poet, literary coach, and writer Philip Boakye Dua Oyinka, popularly known as Nana Asaase, has urged young creatives to explore the commercial potential of poetry, saying the art form offers opportunities beyond stage performances. He made these comments in an interview on The Career Trail programme aired on Joy Learning TV and Joy News.
business
DStv unveils four new subscription packages with prices from GH¢50 to GH¢570
MultiChoice Ghana has announced four new DStv subscription packages, with monthly prices ranging from GH¢50 to GH¢570, as part of efforts to provide subscribers with more affordable and flexible viewing options. Speaking at the briefing, the Country Chief Executive Officer of MultiChoice Ghana, Alex Okyere, explained that the new packages offer different channel selections, sports coverage and entertainment content to suit subscribers’ budgets and viewing preferences.
business
What the claw arcade game tells us about the cost of living crisis
No matter how you crunch the UK data, prices are rising while average wages stagnate. You put in a pound, and try to manipulate the claw to grab a toy that is worth nothing like a pound.
business
‘Everything destroyed’: Hebron businesses count cost of Israeli assault
Israeli demolitions and road closures have devastated businesses in Hebron, leaving owners facing millions in losses.
business
Anthropic files to list on stock market in potential $US1.5tn float
The company behind Claude could be floated on the Nasdaq as soon as next month, despite making a $114 billion loss in the first half of 2026.
business
Israel committing crimes against humanity in occupied West Bank: UN
UN report highlights crimes including extermination, torture, rape and other forms of sexual violence.
business
Visa and Mastercard threatened with potential £5bn UK lawsuit over fees
Application made for group claim seeking compensation for companies for alleged overcharging on customer card payments Business live – latest updates Visa and Mastercard are being threatened with a potential £5bn lawsuit for allegedly stifling competition and charging UK businesses excessive fees. The law firms Harcus Parker and Hausfeld have lodged an application at the Competition Appeal Tribunal in hopes of pursuing a group claim that would compensate companies who, they claim, have been overcharged on customer card payments since October 2020.
business
MIIF, Forestry Commission partner to reforest Subri Forest Reserve
The Minerals Income Investment Fund (MIIF), with support from Zijin Golden Ridge Limited, Ghana International Bank and three other financial institutions has partnered with the Forestry Commission of Ghana to rehabilitate and restore 50 acres of degraded land in the Subri River Forest Reserve as part of their corporate social responsibility on Environmental, Social and Governance (ESG). Commenting on the initiative, the Chief Executive Officer of MIIF, Justina Nelson, said the project reflects MIIF’s commitment to ensuring that the benefits of Ghana’s mineral resources are pursued alongside…
business
Economic pain collides with regulatory changes for small businesses
More businesses are falling behind on payments as operators face policy changes, inflation and interest rate rises.
business
Will Donald Trump or AI blow up financial markets first?
Technology and artificial intelligence have enthralled investors, and Australia's super funds have dived in with their ears pinned back. But now comes the reckoning.
business
Improved traffic flow on Kasoa-Mallam Road is good, but it’s affecting our sales – Hawkers lament
The development follows the commencement of rehabilitation works on the McCarthy-Mallam stretch of the Accra-Cape Coast Highway after weeks of complaints from motorists and commuters. READ ALSO: Commuters welcome McCarthy-Mallam road repairs after Joy SMS appeals One commuter residing at Kasoa Millennium City Estate previously recounted the difficulty of reaching Mallam Junction despite leaving home early.
business
Unions suspend planned V&A strike after improved pay offer
London sites to remain open as Prospect and PCS agree to ‘Acas-facilitated talks’ with museum management A planned strike at the V&A over half-term has been suspended after an improved offer from its management. The strike would have closed the V&A’s main galleries in south Kensington, as well as V&A East, V&A Storehouse and Young V&A in east London.
business
Invest In Training, Boost Production To 3m/b Per Day, PETAN Urges Indigenous Oil Firms
The Petroleum Technology Association of Nigeria (PETAN) has urged indigenous oil and gas companies to invest in training young Nigerians and strengthening technical capacity to support the country’s ambition of producing three million barrels of crude oil per day. The PETAN boss warned that experienced Nigerian professionals were increasingly being recruited by countries in the Middle East, including Qatar, Saudi Arabia and Kuwait, making local training investment more urgent.
business
Republic Bank Ghana wins climate finance award at WSBI-ESBG SDG Awards in Bangkok
Republic Bank (Ghana) PLC has received recognition in the Climate Finance category at the WSBI-ESBG SDG Awards in Bangkok, Thailand, which happened alongside the 2026 IMF Annual Meeting, for its investment in water projects across four locations in Ghana. The award was for the Bank’s contribution to Sustainable Development Goal 6, Clean Water and Sanitation, through mechanized borehole projects at Adidome Senior High School and Taviefe Senior High School in the Volta Region, Pwalugu in the Upper East Region, and Dingoni in the Northern Region.
business
Nigeria needs 9% annual growth to reduce poverty – Soludo
Governor Chukwuma Soludo of Anambra says Nigeria needs an annual economic growth of at least nine per cent to significantly reduce poverty and create jobs. He made the assertion at the Nigerian Economic Summit 32 (NES32) with the theme “Growth that Works: Delivering Jobs, Productivity and Shared Prosperity” in Abuja on Monday.
business
From Survival to Scale: How fintech apps are rewiring Ghana’s MSME economy
With a $4.8 billion financing gap and over 90% of small businesses locked out of formal credit, a new generation of Ghanaian fintech platforms is building the digital rails that keep the economy’s backbone moving, and iSmart and Korba are showing how it’s done. Meanwhile, its Customer Engagement Solutions (CESI) platform, which includes tools like Digitalk, CPaaS, and Grow, empowers telecoms, enterprises, and SMEs to manage and engage over 4.5 million subscribers across Africa, turning one-way transactions into ongoing commercial relationships.
business
TOR records GH¢1.24bn profit in 2025 after a decade of losses
The Tema Oil Refinery (TOR) recorded a profit before tax of GH¢1.24 billion in 2025, marking its first return to profitability in a decade, Managing Director Edmond Kombat has disclosed. Mr Kombat said management was also pursuing a financial restructuring programme, including independent assessments of liabilities and discussions with the Ghana Revenue Authority, SSNIT and other creditors to establish sustainable repayment arrangements.
business
CICMG calls for flexible lending conditions to expand credit access
The Chartered Institute of Credit Management, Ghana (CICMG), is calling for more flexible lending conditions, increased credit capital and stronger financial literacy programmes to improve access to finance for small and medium-sized enterprises (SMEs) and informal-sector operators. Meanwhile, General Manager of Emmanuel Cooperative Credit Union, William Atta-Pearce, says credit unions can help address financing gaps among rural borrowers who struggle to meet conventional bank collateral requirements.
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Afreximbank records net income growth of 24% to US$813.5m; assets and contingencies exceed US$54.1bn
African Export-Import Bank (Afreximbank) and its subsidiaries (the “Group”) delivered a satisfactory financial performance for the nine months ended 30 September 2026, demonstrating resilient growth, sound asset quality and continued support for trade and economic development across Africa and the Caribbean Community (CARICOM). Commenting on the results, Denys Denya, Afreximbank’s Senior Executive Vice President, said, “This performance underscores Afreximbank’s ability to deliver strong and sustainable performance while continuing to fulfil its development mandate across Africa and the…
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Toyota Tsusho Manufacturing Ghana invests in new Hilux assembly
Toyota Tsusho Manufacturing Ghana has launched the ninth-generation Hilux and the new Land Cruiser FJ, with fresh investment in local assembly operations expected to support the company’s market expansion and contribute to the development of Ghana’s automotive industry. Speaking at the launch, Head of Sales Operations at Toyota Tsusho Manufacturing Ghana, Andrew Lamptey, says the company has invested in new equipment and workforce training to facilitate the assembly of the latest Hilux model in Ghana.
business
CIB Ghana, GhISP build financial institutions capacity to drive gender-smart
Chartered Institute of Bankers, Ghana (CIB Ghana), in partnership with the Ghana Investment Support Programme (GhISP), held a two-day workshop for the SME portfolio managers from banks across Ghana. About CIB Ghana Chartered Institute of Bankers, Ghana (CIB Ghana) is the professional body for the practice of banking in Ghana, established under the Chartered Institute of Bankers, Ghana Act, 2019 (Act 991).