business news

Swift grievance redressal system for entrepreneurs and investors put in place on K-SWIFT portal

Every query or grievance registered through the system will be automatically routed to the department and officer concerned.

Three detainees scale Banksia Hill Detention Centre roof

Aerial footage shows damage to parts of the Banksia Hill Detention Centre, including to windows and an air conditioning unit, after three detainees climbed to the roof at Perth's youth detention facility.

Ghana woos Chinese investors to end raw mineral exports, boost local processing

Ghana is seeking stronger investment partnerships with China to expand local mineral processing, introduce advanced mining technologies and create more economic value from its mineral resources. The session featured presentations by Ghana Geological Survey Authority Director-General Dr Prosper Akaba, Minerals Income Investment Fund Chief Executive Officer Justina Nelson and Minerals Commission Deputy Chief Executive responsible for Small-Scale and Industrial Mining, Maxwell Klu.

Commuters and shoppers face disruption from tube driver strikes in run-up to Christmas

RMT union calls eight 24-hour strikes on London Underground in opposition to plans for four-day week Tube train drivers in the RMT union have called eight 24-hour strikes running over 16 days – including six in the lead-up to Christmas – that threaten to bring transport chaos to the capital. The drivers will start another series of 24-hour strikes in late November in opposition to plans for a four-day week – a proposal that has been warmly welcomed by the majority of London Underground drivers represented by the Aslef union.

Digested week: The harrowing backstory to the John Lewis Christmas ad

Plus, the king’s regret-without-liability statement on slavery, and getting mogged by Collins dictionary All eyes on America as a nation decides, but this week Brits faced an equally large question: namely, how do we feel about this year’s John Lewis Christmas ad? On the one hand, high off her flinty brilliance in six seasons of Slow Horses, Kristin Scott Thomas is a welcome addition to any production and I could watch her waft around a big house without the pretext of either John Lewis or Christmas.

Legal metrology department cracked down on traders selling rice more than stipulated prices in Vizianagaram district

Preliminary studies affirm viability of proposed national airline; roadmap for establishment agreed – Gov’t

President John Dramani Mahama on Monday met with officials of the Boeing Group, which is providing support to Ghana’s efforts to re-establish a national airline. The proposed national carrier is expected to boost the use of Ghana’s improved airport infrastructure and support President Mahama’s ambition of positioning Accra as the premier aviation hub in West Africa.

Profit-sharing formula in sugarcane pricing introduced in Belagavi district of Karnataka farmers

This initiative succeeded in breaking the deadlock between sugarcane farmers and factories, allowing commencement of operations in sugar factories

Africa Energy Bank: A Defining Test for Africa’s Energy Sovereignty and Just Transition

By Ambassador Gabriel Aduda Chief Insight Officer, World Energy Council Nigeria Former Federal Permanent Secretary and Former OPEC Governor for Nigeria The formal establishment of the Africa Energy Bank (AEB) by the African Petroleum Producers’ Organisation (APPO) and the African Export-Import Bank (Afreximbank), announced in Abuja on 31 October 2026, marks an important step towards African-led energy finance. Financing the Energy Trilemma Africa must balance three related goals: energy security, energy equity and environmental sustainability.

Mahama says Ghana’s economy remains resilient despite global shocks

President John Mahama has reassured Ghanaians in the Caribbean that Ghana’s economy remains resilient despite global economic challenges, stressing that key indicators such as inflation, interest rates, and the Cedi are holding steady. Addressing the diaspora Ghanaians in St. John’s, Antigua and Barbuda, on the sidelines of the Commonwealth Heads of Government Meeting (CHOGM), the President acknowledged that while 2025 was good and expectations for 2026 were higher, the global economic climate had tempered those hopes, yet Ghana’s economy had remained resilient.

Sir Sam Jonah says true legacy lies in how others remember you

Business leader Sir Sam Jonah has urged people to reflect on how their actions affect others, saying a person’s legacy is ultimately determined by the memories and experiences of those whose lives they have touched. Sir Sam Jonah said this understanding had helped keep him grounded, particularly when reflecting on the development of Ghanaian professionals during his time at Ashanti Goldfields.

Nobody succeeds alone – Sir Sam Jonah reflects on journey to business leadership

Delivering the keynote address at the 2026 TrueLife Experience at the Kempinski Hotel in Accra, he reflected on his journey from the mining town of Obuasi to becoming chief executive of Ashanti Goldfields at the age of 36. Sir Sam specifically acknowledged Tiny Rowland of Lonrho, whom he credited with giving him the chance to lead Ashanti Goldfields.

T.N. government constitutes Tamil Nadu Investment Promotion Commission

The Chief Secretary will be the chairperson of the Commission while the Secretary, Industries, Investment Promotion and Commerce will be the member-convener.

UK house prices fall at steepest rate in more than three years

October drop of 0.6% leaves average price of property at £296,285, says Lloyds, as high mortgage rates hit market Business live – latest updates UK house prices fell at the steepest rate in more than three years in October, marking the fourth consecutive monthly decline, as high mortgage rates hit the housing market. The average price of a typical UK property stood at £296,285 last month as prices unexpectedly fell 0.6% compared with September, the steepest fall since the lender Lloyds recorded a 1.6% drop in August 2023.

NCDMB highlights Nigeria’s investment-friendly reforms at ADIPEC strategic leadership roundtable

The high-level roundtable, themed “Delivering the Energy the World Needs: Recalibrating Upstream Projects,” brought together 21 global industry leaders to discuss critical issues shaping the future of the energy industry, with a focus on investments, project delivery, financing, and sustainable growth.

Lebanese pack bags and stock up amid fears of new Israeli escalation

Lebanese who lived through two Israeli escalations are stocking up and packing bags in case of a third.

IFS calls for reforms in 2027 budget to boost domestic revenue mobilisation

The Institute for Fiscal Studies (IFS) is warning that Ghana’s weak domestic revenue mobilisation is undermining the country’s capacity to finance critical infrastructure, improve public sector wages and accelerate national development. Dr Boakye argues that Ghana is not maximising the financial benefits from its mineral resources, particularly when compared with countries such as Botswana, where government has significant involvement in the mining sector and benefits from royalties and dividends.

M&S takes on John Lewis in Christmas ad battle with topless ‘shredded Santa’

James Norton and Lucy Punch star as a youthful Mr and Mrs Claus in lively ad about shared moments as well as shopping For years the “Christmas advert moment” has belonged to one brand. Marks & Spencer has brought out the big guns – in the form of a topless Santa, played by the small-screen heart-throb James Norton.

Dear Andy Burnham: the full story of enslavement has to move beyond comforting stories

The prime minister’s focus on white abolitionists and working-class solidarity diminishes the true scale of Manchester’s reliance on the slavery economy In May 1767, a notice was placed in the Manchester Mercury for “Any Gentleman, or Lady, wanting to purchase a Black Boy, 12 years of age” to inquire on Market Street, at the site of today’s Uniqlo clothes shop. After 15 years of painstaking work through the scattered fragments that recorded and pointed to Manchester’s enslaving history, I still don’t think I have come to terms with my moment of discovery, a few months ago, of those few words…

Apapa Customs generates N302.9bn in October, warns against illicit trade

By Godwin Oritse The Apapa Area Command of the Nigeria Customs Service (NCS) generated N302.9 billion in revenue in October 2026, representing a 7.13 per cent increase over the N282.79 billion recorded in September 2026. In a statement issued by Isah Sulaiman, Chief Superintendent of Customs and Public Relations Officer of the Command, the October revenue performance reflects the Command’s sustained efforts to boost revenue generation while facilitating legitimate trade.

Dangote, African bourses explore wider access for $1.6bn refinery IPO

By Yinka Kolawole, with agency report Dangote Group has held talks with African stock exchanges to broaden access to the $1.6 billion initial public offering (IPO) of its refinery beyond Nigeria, although differences in regulatory requirements across markets have complicated the process. Edoh Kossi Amenounve, Chief Executive Officer of the Abidjan-based Bourse Régionale des Valeurs Mobilières (BRVM), disclosed this in an interview with Reuters on the sidelines of the Africa Financial Summit in Luanda.

Power supply plunges as gas shortage, water level worsen

By Udeme Akpan, Obas Esiedesa & Ediri Ejor There are indications that electricity supply to consumers nationwide has worsened, with Distribution Companies (DisCos) receiving 2,926 megawatts (MW), amid inadequate gas supply, reduced water inflows into hydroelectric reservoirs and other operational constraints. The breakdown showed that Azura-Edo IPP contributed 437MW, Okpai 421MW, Afam VI 320MW, Delta 334MW, Shiroro hydro 295.90MW, Jebba hydro 245MW, Kainji hydro 214MW, Omotosho 174.90MW, Olorunsogo 157.50MW, Geregu 117MW and Egbin 111MW.

PIAC elects Peter Quartey as new Chair for one-year term

Economist and development finance expert Professor Peter Quartey has been elected Chair of the Public Interest and Accountability Committee (PIAC) to serve a one-year term, effective 3rd November, 2026. Mr Samuel Bekoe, Vice Chair, PIAC Professor Peter Quartey is an accomplished Professor of Economics with over 22 years of experience in development finance, private sector development, monetary and financial sector development, and digital finance.

Paraguay's president tangled up in Ueno banking crisis

Paraguay's president has stepped down after the collapse of Ueno Bank plunged the country into a political crisis.