business
Rahul Gandhi alleges Tata Group ‘being criminally destroyed’, says will ensure justice for ‘crimes’
The Leader of Opposition in Lok Sabha questioned business leaders’ silence, saying “Indian business is not Modi and Shah’s plaything”
business news
business
Safaricom confirms nationwide M-Pesa outage
NAIROBI, Kenya Oct 28 – Kenyans woke up to challenges accessing M-PESA on Wednesday morning, with users reporting difficulties completing mobile money transactions as Safaricom confirmed a system issue affecting the service. In a response to the complaints, Safaricom acknowledged the problem and said its technical team was working to restore normal service.
business
Cenpower clears 600 tonnes of waste from Sega Beach
Cenpower Generation Ltd says it removed 600 tonnes of waste from Sega Beach during the fourth edition of its annual KIPP Clean Project, highlighting the scale of shoreline pollution. The Director of Environmental Services at the Kpone Katamanso Municipal Assembly, Freeman George, commended Cenpower for maintaining the initiative.
business
OWO 2026: The Or Foundation, Reggie Rockstone promote healthy living at Kantamanto
The Or Foundation, Reggie Rockstone promote healthy living at Kantamanto. The Or Foundation, in collaboration with Ghanaian Hiplife legend Reggie Rockstone, has organised a four-kilometre health walk for traders at Kantamanto Market in Accra to promote physical fitness, encourage healthy lifestyles and raise awareness about preventive healthcare as part of activities to mark the fifth anniversary of the Obroni Wawu October (OWO) Festival.
business
Global stock markets rise as investors continue to bet on AI
Asian stock markets rise, following gains on Wall Street.
business
Luxury cruise passengers stranded in Cambodia due to soaring fuel costs
A luxury cruise ship on a years-long voyage around the world suspended operations because of extraordinarily high fuel costs, leaving passengers stranded in Cambodia. Bloomberg reported that around 200 passengers were on board when they were ordered to disembark in Cambodia, citing the cruise operator’s founder.
business
Delhi traders flag potential impact on 21 markets from November 1 Congress rally, seek postponement
It projected that the November 1 rally could bring commercial activity across Old Delhi to a standstill, resulting in losses of up to ₹10,000 crore
business
‘Desist from targeting Hindu festivals, economy’: VHP to Opposition over November 1 rally
The remarks came a day after traders held a protest at Kashmere Gate in New Delhi, demanding that Congress defer the November 1 rally until after Diwali.
business
CS Kagwe Opens World Potato Congress, Courts Investors to Replace Imports
NAIROBI, Kenya, Oct 27 — Agriculture Cabinet Secretary Mutahi Kagwe has called on investors to expand potato processing, replace imported potato products with locally manufactured alternatives and unlock idle public land for commercial farming as Kenya hosts the 13th World Potato Congress. The Cabinet Secretary highlighted research by the Kenya Agricultural and Livestock Research Organization (KALRO) and the International Potato Center to develop a late blight-resistant biotechnology potato using the popular Shang
business
Breaking: Inflation surges more than expected ahead of RBA meeting
Australia's inflation rate picked up more than expected in September, increasing expectations of an interest rate hike next week.
business
IERPP demands full account of 24-hour economy spending
The Institute of Economic Research and Public Policy (IERPP) is demanding that the government publish a comprehensive financing and implementation report on the 24-Hour Economy programme, detailing funds disbursed, expenditure incurred and projects completed. Speaking at a news conference in Accra on Tuesday, October 27, he questioned the difference between the GH¢90 million allocation in the detailed expenditure tables of the 2026 Budget and the GH¢110 million cited in the Budget Speech.
business
Plan for multibillion-pound Sizewell nuclear plant a ‘terrible deal’ for UK taxpayers, MPs say
The public accounts committee has said the risk to billpayers is ‘extraordinary’ The government’s plan to fund a multibillion-pound nuclear plant at the Sizewell site in Suffolk represents a “terrible deal” for the UK taxpayer over the rest of the century, according to the government’s spending watchdog. MPs on the public accounts committee (PAC) have warned the government that the cost of the Sizewell C nuclear reactor could spiral to almost £48bn, leaving bill payers on the hook to provide an extra £9.8bn to construct the plant before 2040 and a further £12bn over its 60-year operating life.
business
Breaking: Star Casino fined $260m for money laundering violations
Australia's financial intelligence agency, AUSTRAC, had sought a much steeper fine that could have forced the casino company into financial collapse.
business
Chancellor targets cost of living crisis in budget for a ‘difficult moment’
Healey hopes to give ‘hope for the future’ but only modest policies are expected with important decisions deferred John Healey has acknowledged the UK faces a “difficult moment” but insisted he would put the country on a better path as he delivers his first budget on Wednesday against a turbulent global economic backdrop. But despite the international uncertainty, the chancellor will signal “fresh hope for the future” as he attempts to sound a more optimistic note, by providing households with breathing space from rising cost of living pressures.
business
Ecobank Group profit before tax hits US$737 million for first nine months of 2026
Central, Eastern and Southern Africa (CESA) delivered a 20% increase in profit before tax, while Anglophone West Africa (AWA) recorded 10% growth, offsetting softer results in Francophone West Africa (UEMOA) and Nigeria. The strength of our diversified business model was evident as profit before tax increased by 20% in Central Eastern and Southern Africa (CESA) and by 10% in Anglophone West Africa (AWA), offsetting softer results in Francophone West Africa (UEMOA) and Nigeria,” he explained.
business
NCGC guarantees N64.13bn loans to businesses, individuals
Mr Okhaimo said the company had reached 174,495 borrowers across the 36 states and the Federal Capital Territory
business
Dangote Refinery IPO Attracts Investors From 120 Countries, All 54 African Nations
Dangote Petroleum Refinery and Petrochemicals says its initial public offering (IPO) attracted investor applications from 120 countries, including all 54 African nations, following the close of the offer on Tuesday. Dangote Industries Limited Group Chief Financial Officer, Murat Erden, said the transaction demonstrated the potential for African financial institutions and digital platforms to connect investors across national borders.
business
TOR slashes debt from $650m to $300m, MD reveals
The Tema Oil Refinery (TOR) has reduced its debt burden from $650 million to about $300 million under a restructuring programme supported by the Energy Sector Levies Act (ESLA), Mr Edmond Kombat, Managing Director (MD) of TOR, has announced. He said the Refinery had also shown that Ghana could refine its own crude, stating that in December 2016, TOR received its first delivery of Ghanaian indigenous crude from the TEN field for domestic refining aboard MT Bodeira.
business
Benjamin Larweh: Ghana’s cocoa farms must not become casualties of the gold rush
The Ghana Cocoa Board Act, 2026 (Act 1182), provides an important legal foundation for defending one of Ghana’s most valuable agricultural resources. Formalisation is not a licence to break the law Recent public debate surrounding comments by Ghana Gold Board Chief Executive Officer Sammy Gyamfi has renewed attention to the government’s approach to unlicensed mining.
business
Live: ASX poised to edge up ahead of inflation release
Wall Street has enjoyed a solid bounce on the back of renewed buying of tech stocks, and the ASX is priced to edge higher ahead of today's inflation release. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
business
Dangote Refinery’s historic IPO nets investors from 120 countries worldwide, 54 in Africa
"Africa has shown it can finance, build, and own its industrial future," Mr Dangote said.
business
Telecel Ghana rewards subscriber with Hyundai Creta in 15th Dream Car promotion
Telecel Ghana has rewarded a lucky subscriber, Eric Ayamgash, with a Hyundai Creta at the end of the 15th cycle of its Dream Car promotion. Senior Manager in charge of Mobile Data at Telecel Ghana, Carlos Asare Oppong, says the promotion reflects the company’s commitment to creating rewarding experiences and helping customers achieve their dreams.
business
Ghana to review laws to implement Accra Convention – Ofosu-Adjare
The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, says Ghana will review its laws to facilitate the implementation of the Accra Convention on Negotiable Cargo Documents, a move expected to improve businesses’ access to trade financing. She said Ghana would work with institutions including the Ghana Shippers Authority, the Ghana Ports and Harbours Authority, the Customs Division of the Ghana Revenue Authority and commercial banks to pilot the use of negotiable cargo documents.
business
NCGC unlocks N64bn credit, vows to end collateral barrier for viable businesses
Johnbosco Agbakwuru ABUJA– THE National Credit Guarantee Company Limited (NCGC) on Tuesday said its guarantees have already unlocked ₦64.13 billion in loans for 174,495 borrowers nationwide, as it intensifies efforts to dismantle the collateral barriers that have long shut viable Nigerian businesses out of formal credit. Okhaimo, who was accompanied by the Executive Director, Risk Management, Professor Ezekiel Oseni, and Executive Director, Strategy and Operations, Mrs. Tinuola Aigwedo, among others, explained that the company had deployed N30.19 billion in credit guarantees to unlock the…