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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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business

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…

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Dollar falls while gold and US Treasury bonds rally as markets react to Democrats’ midterm election victory – business live
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.

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Wassa chiefs push for state ownership of Tarkwa Gold Mine as Gold Fields’ leases near expiry
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.

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Wassa Fiase chiefs push for Ghanaian ownership of the Tarkwa Gold Mine concession as Gold Fields leases near expiry
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.

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ORC moves to strike off 453 companies, dissolves 323 others
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.

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Ruto Targets 20pc Manufacturing Contribution to GDP by 2030, One Million Jobs
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…

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CHOGM: King Charles describes slave trade as shameful chapter of history
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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.

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FG records N4.69trn fiscal deficit in Q1’26 as revenue falls
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.

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2027 Budget must prioritise tourism development – Consultant
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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.

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Mahama holds bilateral talks with WTO Director-General
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.

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Elevate Africa partners with National University to provide business mentorship for threads of Africa Fashion Film winners
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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
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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.

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Mahama, Carney explore expanded cooperation in energy, minerals and trade
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.

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How Absa is connecting affluent banking with lifestyle experiences
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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.

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Lokpobiri woos global investors, seeks stronger partnerships to unlock Nigeria’s petroleum potential
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.

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Ex Afreximbank President, Oramah urges Africa to turn global shocks into opportunities
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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.”

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IFC, Access Holdings partner to boost trade finance across Africa
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.

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