business news

PS Omollo Urges Building Safety Compliance After Eastleigh Collapse
business

PS Omollo Urges Building Safety Compliance After Eastleigh Collapse

KISUMU, Kenya Oct 24 – Interior Principal Secretary Raymond Omollo has called for calm following the collapse of a building under construction in Nairobi’s Eastleigh area, urging contractors and developers to comply with building regulations to prevent avoidable loss of lives. The collapse has renewed concerns about construction safety and the enforcement of building standards in Nairobi, with investigations expected to establish the circumstances surrounding the incident and determine accountability.

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Nigeria-Indonesia investment to boost GDP, create jobs, says NICCI president, Balogun
business

Nigeria-Indonesia investment to boost GDP, create jobs, says NICCI president, Balogun

By Favour Ulebor The President of the Nigerian Indonesian Chamber of Commerce and Industry, NICCI, Ishmael Balogun, has said increased investment between Nigeria and Indonesia, particularly in oil and gas exploration, will boost Nigeria’s Gross Domestic Product, GDP, create jobs and promote knowledge transfer. Balogun spoke during the Nigerian Indonesian Investment and Trade Forum, NIITF, which held its fifth edition in Jakarta from October 20 to 21, 2026, with a focus on expanding bilateral trade and investment in oil and gas, renewable energy, agriculture, pharmaceuticals and infrastructure…

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Abia govt has abandoned us — Ubani Market traders cry out, seek Otti’s intervention
business

Abia govt has abandoned us — Ubani Market traders cry out, seek Otti’s intervention

By Steve Oko UMUAHIA — Thirteen years after their relocation from the heart of Umuahia to Ubani Ultra-modern Market, thousands of traders are counting their losses, battling dwindling patronage and watching their businesses crumble as they accuse the Abia State Government of abandoning them. He said the failure to construct the proposed Ubani–Agbo–Umueze Road had continued to expose road users to the dangers of the busy Umuahia–Uzuakoli Road. ”

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Ashie-Moore disputes report on alleged theft of businessman’s belongings
business

Ashie-Moore disputes report on alleged theft of businessman’s belongings

The Greater Accra Regional Chairman of the National Democratic Congress (NDC), Emmanuel Nii Ashie-Moore, has rejected reports that the Attorney-General’s Department has recommended his prosecution for alleged stealing of a Singaporean businessman’s personal belongings. In a statement issued on October 23, Mr Ashie-Moore described the report as inaccurate, misleading and calculated to damage his reputation, particularly ahead of the NDC’s forthcoming internal elections.

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Trump lifts some Canada tariffs ahead of midterms
business

Trump lifts some Canada tariffs ahead of midterms

The change could help Senator Susan Collins, who faces a strong challenge from a Democrat in the US-Canada border state of Maine, which has been hit hard by Trump’s trade war. Previous Trump levies on autos, steel, aluminum and lumber have hit Canada hard, forcing job losses and stunting growth.

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Berlin Dialogue 2026: Nigeria seeks increased intra-African trade, sustainable infrastructure financing
business

Berlin Dialogue 2026: Nigeria seeks increased intra-African trade, sustainable infrastructure financing

Nigeria seeks increased intra-African trade, sustainable infrastructure financing. In a statement signed on Saturday, by the Special Assistant on Digital Media and Public Diplomacy, Raphael Oni, to the Minister of State for Foreign Affairs, Sola Enikanolaiye, the minister made the call at the Berlin Global Dialogue 2026 in Germany, where he outlined Nigeria’s position on trade, technology, foreign policy and infrastructure investment.

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Trump eases Canada tariffs ahead of US midterms
business

Trump eases Canada tariffs ahead of US midterms

The move comes as Trump's Republican Party scrambles to maintain control of the US Congress, with a Republican candidate in a key Senate race saying she had lobbied to lift the tariffs on Canadian products.

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Golden Arms gets support from Shoe Fabriek ahead of World Armwrestling Championship
business

Golden Arms gets support from Shoe Fabriek ahead of World Armwrestling Championship

Ghana’s national armwrestling team, the Golden Arms, has received a boost ahead of the 2026 World Armwrestling Championship in India, following a footwear sponsorship from Ghanaian manufacturer Shoe Fabriek GH Ltd. The company presented specially designed Ghana-branded sneakers to the Ghana Armwrestling Federation (GAF) for the Golden Arms on Friday, October 23, 2026, as part of efforts to support the team ahead of the international competition.

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360 Woman Africa Annual Conference Brings Leaders in Business and Technology Together to Shape Women’s Future in the new Age of Artificial Intelligence (AI)
business

360 Woman Africa Annual Conference Brings Leaders in Business and Technology Together to Shape Women’s Future in the new Age of Artificial Intelligence (AI)

The social enterprise holds its 8th annual conference, THE SHIFT, on 31 October, 2026 at Glitz Event Center, Oniru, Lekki, Lagos 360 Woman Africa is a non-profit organization that champions skills development for women in business and leadership. She will be joined by: Mrs. Tara Fela-Durotoye, founder, House of Tara International Prince Nnamdi Ekeh, CEO, Konga Group; Dr. Olubayo Adekanmbi, founder, Data Science Nigeria, Dr. Yvonne Chioma Ofodile, MD/CEO Zetile Oil and Gas Ltd, Zetile Stores Ltd and Founder, 360 Woman Africa amongst other leading global experts The theme of the conference is…

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No unions, low taxes: why some of Britain’s top chefs are opening outposts in Gulf states
business

No unions, low taxes: why some of Britain’s top chefs are opening outposts in Gulf states

Leading restaurateur says Gulf countries actively help businesses set up, while east Asia has a better work ethic Some of London’s top restaurants are opening branches in Dubai because of a “tax tsunami” in the UK and better work ethic abroad, according to a leading restaurateur. James Robson, a co-owner of Fallow in St James’s Market, regarded as the capital’s hottest restaurant, serving 1,000 people a day, has just signed a deal to open an outpost in the Gulf.

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Oil Hits $116 With Stocks Mixed On Earnings, AI
business

Oil Hits $116 With Stocks Mixed On Earnings, AI

Key Figures At Around 1530 GMT Brent North Sea crude: UP 2.9 percent at $116.40 per barrel West Texas Intermediate: UP 2.7 percent at $102.15 per barrel New York – Dow: DOWN 0.9 percent at 52,386.60 points New York – S&P 500: DOWN 0.1 percent at 7,654.96 New York – Nasdaq Composite: UP 0.2 percent at 26,072.47 London – FTSE 100: DOWN 0.3 percent at 10,690.36 Paris – CAC 40: DOWN 0.4 percent at 7,782.82 Frankfurt – DAX: DOWN 0.8 percent at 25,181.65 Tokyo – Nikkei 225: DOWN 0.3 percent at 62,693.16 (close) Hong Kong – Hang Seng Index: UP 0.7 percent at 23,093.37 (close) Shanghai – Composite:…

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Forget the Live Aid image, Africa is only a broken continent in the minds of the west
business

Forget the Live Aid image, Africa is only a broken continent in the minds of the west

Innovators and business leaders are driving progress across the continent-wide, but the ‘visibility gap’ prevents the rest of the world from truly seeing it Thirty years ago, shortly after South Africa emerged from apartheid, I left London for Johannesburg in search of a better life. Not long afterwards, a friend who was preparing to visit from the UK called with an intriguing question: do they have ATMs in South Africa?

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Tinned food, loo roll and power banks: the Brits following advice to stockpile
business

Tinned food, loo roll and power banks: the Brits following advice to stockpile

Government campaign recommends three days’ worth of stores for emergencies, but some are ahead of the game Dried foods, bottled water, medicine stocks and backup power banks: it could be the props cupboard on a disaster movie, but instead it is precisely what some UK residents are stockpiling amid official warnings about Russian “state-sponsored terrorism” and the impact of the climate crisis. The government launched a campaign on Thursday advising people to set aside three days’ worth of stores to deal with a whole range of eventualities, and some are already well under way.

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Hundreds of protests expected across France, with shops, businesses and tourist sites closed – Europe live
business

Hundreds of protests expected across France, with shops, businesses and tourist sites closed – Europe live

Protests are also expected in Italy, Spain, Austria, Portugal, Albania and Ireland The capital’s authorities have shut down the stations in a bid to contain crowds and curb movement throughout the city today. The affected stations are: Argentine, Assemblée Nationale, Bel Air, Champs-Elysées – Clemenceau, Charles de Gaulle – Étoile, Cluny - La Sorbonne, Concorde, Daumesnil, Dugommier, Franklin D. Roosevelt, George V, Mabillon, Maubert – Mutualité, Miromesnil, Odéon, Picpus, Rennes, Rue du Bac, Saint-Germain-des-Prés, Saint-Sulpice, Sèvres - Babylone, Solférino, Tuileries and Varenne.

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LVBC Rolls Out Sh9.9 Billion Water, Sanitation Projects Across Lake Victoria Basin
business

LVBC Rolls Out Sh9.9 Billion Water, Sanitation Projects Across Lake Victoria Basin

NAIROBI, Kenya, Oct 24 – The Lake Victoria Basin region is set to benefit from improved water resources management, sanitation services and renewable energy following progress in projects valued at more than Sh12 billion, the Lake Victoria Basin Commission (LVBC) has announced. The programme has also recorded progress in sanitation infrastructure, with High-Priority Sanitation Investments (HPIs) in Kisumu, Mwanza and Kampala advancing from detailed technical design to the tendering stage.

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Crude oil rises to $115 with stocks mixed on earnings, AI
business

Crude oil rises to $115 with stocks mixed on earnings, AI

Global markets were contending “with concerns around surging oil prices and the sustainability of AI spending”, noted AJ Bell head of financial analysis Danni Hewson. – Key figures at around 1330 GMT – Brent North Sea crude: UP 1.9 percent at $115.29 per barrel West Texas Intermediate: UP 2.3 percent at $101.76 per barrel New York – Dow: DOWN 1.0 percent at 52,362.08 points New York – S&P 500: DOWN 0.5 percent at 7,628.15 New York – Nasdaq Composite: DOWN 0.4 percent at 25,914.05 London – FTSE 100: DOWN 0.6 percent at 10,666.06 Paris – CAC 40: DOWN 0.9 percent at 7,739.94 Frankfurt – DAX:…

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