business
Prominent harness racing trainer's company goes into liquidation
A company directed by a prominent Tasmanian harness racing trainer has gone into liquidation with significant debt, owing creditors more than $735,000.
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FDI: Qatar’s Barzan Holdings seeks to deepen defense partnerships with Nigeria
Qatar’s Barzan Holdings seeks to deepen defense partnerships with Nigeria. By Tunde Oso Barzan Holdings, Qatar’s leading national defence and security company, has spotlighted its cutting-edge defence technologies and industrial capabilities at the 2026 Africa International Defence Exhibition (AFRIDEX), held in Lagos, as part of efforts to advance defence innovation, strengthen industry collaboration and support Nigeria’s evolving security needs.
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Nigeria’s economy sustains growth as PMI rises to 53.2 points
•Industry, agriculture strengthen expansion; services growth slows By Emma Ujah, Abuja Bureau Chief Nigeria’s economy sustained its growth momentum in October 2026, with the Composite Purchasing Managers’ Index (PMI) rising to 53.2 points from 53.0 points in September, indicating a fifth consecutive month of expansion in economic activities. The latest PMI report released by the Central Bank of Nigeria, CBN, yesterday, showed that growth was recorded across the three major sectors of the economy — Industry, Services and Agriculture — although the pace of expansion varied, with Agriculture…
business
Dollar falls while gold and US Treasury bonds rally as markets react to Democrats’ midterm election victory – business live
Democrats’ capture of Congress raise expectations of tougher regulation of AI sector; US stock futures turn positive, reversing earlier declines And Chris Turner, global head of markets at ING, says: Investors will be parsing what this all means. Given AI’s role in powering the US economy, speculation over whether a new Democrat Congress would slow AI capital expenditure plans briefly hit markets.
business
Wassa chiefs push for state ownership of Tarkwa Gold Mine as Gold Fields’ leases near expiry
Chiefs in the Wassa Fiase Traditional Area have called on President John Dramani Mahama to bring the Tarkwa Gold Mine under state ownership when Gold Fields Ghana Limited’s mining leases expire in April 2027. The Queen Mother of the Wassa Fiase Traditional Area, Nana Abena Konadwoa II, told the meeting that repeated appeals for help to improve roads and other infrastructure had gone unanswered.
business
Wassa Fiase chiefs push for Ghanaian ownership of the Tarkwa Gold Mine concession as Gold Fields leases near expiry
Chiefs in the Wassa Fiase Traditional Area have called on President John Dramani Mahama to award the Tarkwa Gold Mine concession to a Ghanaian investor when Gold Fields Ghana Limited’s mining leases expire in April 2027. The Queen Mother of the Wassa Fiase Traditional Area, Nana Abena Konadwoa II, told the meeting that repeated appeals for help to improve roads and other infrastructure had gone unanswered.
business
Albanese's Caribbean trip is no holiday as he faces grilling over economy
Anthony Albanese doesn't have much choice over whether to attend a series of conferences and summits overseas. But as the Australian economy shudders under another interest rate rise, the timing couldn't have been worse.
business
ORC moves to strike off 453 companies, dissolves 323 others
The Office of the Registrar of Companies (ORC) has announced plans to remove 453 companies from Ghana’s Companies Register, while confirming the dissolution of another 323 entities whose names have already been struck off. Three-month notice for 453 companies The Registrar said the names of the 453 companies were published in Volume 48 of the ORC Companies Bulletin on October 15, 2026.
business
Ruto Targets 20pc Manufacturing Contribution to GDP by 2030, One Million Jobs
NAIROBI, Kenya, Nov 5 — President William Ruto has renewed his administration’s commitment to increase manufacturing’s contribution to Kenya’s Gross Domestic Product (GDP) to 20 per cent by 2030, targeting the creation of one million jobs through expanded local production and value addition. Speaking at the Industrialisation Summit and Changamka Shopping Festival at the Kenyatta International Convention Centre (KICC) on Wednesday, Ruto said Kenya’s economic prosperity would depend on its ability to produce, process and export competitive goods rather than rely heavily on imported finished…
business
CHOGM: King Charles describes slave trade as shameful chapter of history
King Charles III of the United Kingdom and Head of the Commonwealth has described the slave trade as a shameful chapter of human history. Speaking at the opening of the Commonwealth Heads of Government Meeting (CHOGM) in St John’s, Antigua and Barbuda, he acknowledged the enduring shadow of the transatlantic slave trade and urged Commonwealth member nations to draw lessons from history.
business
FG records N4.69trn fiscal deficit in Q1’26 as revenue falls
•Nigeria’s economy grows 3.89% – Budget Office By Udeme Akpan The Federal Government (FG) recorded an aggregate fiscal deficit of N4.69 trillion in the first quarter of 2026, as revenue generation fell significantly below target, highlighting challenges in financing the 2026 budget.
business
2027 Budget must prioritise tourism development – Consultant
Emmanuel Frimpong, a tourism consultant, has urged the government to prioritise funding and implementation of tourism, arts and culture projects in the 2027 Budget to drive investment, create jobs and boost economic growth. In an interview with the Ghana News Agency in Accra on Wednesday, Mr Frimpong, who is also the founder of the Africa Tourism Research Network, said the Budget should prioritise tourism infrastructure, sustainable financing for the creative industry and regional tourism development.
business
Mahama holds bilateral talks with WTO Director-General
President John Dramani Mahama has held bilateral talks with Dr Ngozi Okonjo-Iweala, the Director-General of the World Trade Organisation (WTO), on the margins of the ongoing 28th Commonwealth Heads of Government Meeting (CHOGM) in St. John’s, Antigua and Barbuda. It is in line with the theme of this year’s CHOGM, “Accelerating Partnership and Investment for a Prosperous Commonwealth,” which seeks to promote stronger partnerships, unlock investment opportunities and advance shared economic development across member countries.
business
Elevate Africa partners with National University to provide business mentorship for threads of Africa Fashion Film winners
Elevate Africa has entered into a strategic partnership with the Center for Business Innovation, Entrepreneurialism and Management (CBEM) at National University to provide an exclusive business mentorship programme for winners of the Threads of Africa Fashion Film Prize. The partnership, which was announced during the Threads of Africa Fashion Film Prize awards at the Elevate Africa 2026 Convening in Accra, Ghana, aims to strengthen the long-term impact of Threads of Africa, an initiative of Elevate Africa, by ensuring that the competition’s top creatives receive structured support to grow…
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2026 tourism budget implementation promising, but incomplete – Analyst
Emmanuel Frimpong, a Tourism Consultant and Analyst, says Ghana’s implementation of tourism, arts and culture initiatives outlined in the 2026 Budget has been promising but remains incomplete. In an interview with the Ghana News Agency (GNA) in Accra on Wednesday, Mr Frimpong said the establishment of digital platforms and the release of funds were commendable, but the industry needed corresponding improvements in infrastructure, access to financing, business growth, and sustainable job creation.
business
Mahama, Carney explore expanded cooperation in energy, minerals and trade
President John Dramani Mahama and Canadian Prime Minister Mark Carney have discussed ways to deepen diplomatic and economic ties between Ghana and Canada, with particular attention to energy, critical minerals, trade and development. The two leaders held bilateral talks in Antigua and Barbuda on the sidelines of the 28th Commonwealth Heads of Government Meeting (CHOGM) 2026.
business
U.S. midterm elections impact on India: faster trade deal talks and higher tariffs likely
Trade and geopolitical experts say that losing control of the U.S. Congress will push President Donald Trump to increase tariff pressure on India to seal a deal. Indian negotiators, for their part, will smell an opportunity
business
How Absa is connecting affluent banking with lifestyle experiences
Charles Addo, Director of Personal and Private Banking at Absa Bank Ghana, says changing expectations among affluent customers are shaping how banks think about customer value. The approach continues in 2026, with Ghanaian Signature or Infinite Card customers earning the opportunity to attend this year’s Champagne in Africa Festival in Johannesburg, South Africa, by participating in the campaign.
business
Australia's biggest oil and gas company to axe 500 jobs
Gas giant Woodside announces it will axe at least 500 jobs from its global workforce as part of plans to cut costs by $550 million a year from 2028.
business
A bank heist probe, a bitter Sh478m fallout and a death shrouded in mystery
Detectives are actively investigating multiple claims relating to how the businessman died.
business
Lokpobiri woos global investors, seeks stronger partnerships to unlock Nigeria’s petroleum potential
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, made the call while speaking at the Ministerial Leadership Roundtable at the 2026 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), which focused on energy supply and industrial competitiveness. Lokpobiri reiterated that sustained investment, technology transfer and mutually beneficial international partnerships would remain central to unlocking Nigeria’s petroleum potential and positioning the country as a competitive destination for global energy investments.
business
Meet Nigeria’s Oluwatobiloba Mide-Ibrahim, the executive helping U.S. immigrant families build wealth
By Efosa Taiwo When Oluwatobiloba Mide-Ibrahim took on the challenge of helping immigrant families and businesses navigate financial decisions in the United States, the goal went beyond providing financial services. FinServe Pro has sponsored or supported more than 40 community events and has spoken in schools, mosques, and churches.
business
Ex Afreximbank President, Oramah urges Africa to turn global shocks into opportunities
By Henry Ojelu & Deborah Oladeji Former President of the African Export-Import Bank (Afreximbank), Professor Benedict Oramah, has urged African countries to take advantage of changing global realities and technological advancements to accelerate economic transformation. Oramah made the call while delivering the keynote address at the 20th AELEX Annual Lecture in Lagos, with the theme, “Beyond Survival: Global Shocks, the Information Age and Africa’s Opportunity to Leapfrog.”
business
IFC, Access Holdings partner to boost trade finance across Africa
.partnership targets businesses, cross-border trade, access to global markets By Udeme Akpan The International Finance Corporation (IFC), a member of the World Bank Group, and Access Holdings Plc have signed a partnership agreement to expand trade finance, support enterprise growth and improve African businesses’ access to regional and international markets. The agreement was signed by Aigboje Aig-Imoukhuede, Chairman, Access Holdings; Ethiopis Tafara, IFC Regional Vice President for Africa; and Roosevelt Ogbonna, Managing Director and Chief Executive Officer, Access Bank Plc.