business news

AngloGold Ashanti, Endeavour Mining host maiden West Africa mine rescue competition
business

AngloGold Ashanti, Endeavour Mining host maiden West Africa mine rescue competition

AngloGold Ashanti’s Obuasi Mine and Endeavour Mining have jointly hosted the maiden edition of the West Africa Mine Rescue and Emergency Response Competition (WAMRERC 2026), bringing together emergency response teams from four countries to test their preparedness for mining-related incidents. Speaking at the opening ceremony, Managing Director of AngloGold Ashanti Obuasi Mine, Dr Samuel Boakye Pobee, said the initiative offered an opportunity to develop stronger professional relationships among mine rescue teams.

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Cargill Kokoo Sourcing Limited rewards 563 cocoa farmers with pruning machines as it marks 10 years
business

Cargill Kokoo Sourcing Limited rewards 563 cocoa farmers with pruning machines as it marks 10 years

Cargill Kokoo Sourcing Limited has rewarded 563 cocoa farmers with standard pruning machines as part of activities marking 10 years of cocoa sourcing operations in Ghana. Cargill Kokoo Sourcing said cocoa farmers remain central to its business, noting that their hard work, resilience and dedication sustain Ghana’s cocoa industry, support rural livelihoods and connect farming communities to global markets.

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Kindiki woos global investors to Kenya’s National Infrastructure Fund at CHOGM
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Kindiki woos global investors to Kenya’s National Infrastructure Fund at CHOGM

ANTIGUA and BARBUDA, Nov 4 – Deputy President Kithure Kindiki has urged global business leaders to invest in Kenya’s newly established National Infrastructure Fund, promising commercially viable opportunities and significant returns while supporting the country’s development agenda. Speaking during the Heads of Government and Business Leaders Meeting at the 28th Commonwealth Heads of Government Meeting (CHOGM) in St John’s, Antigua and Barbuda, Kindiki said the fund would provide a platform for public-private partnerships to finance major infrastructure projects.

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Namibia President declares Dangote’s $2.5bn energy investment a landmark for Africa’s industrial future
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Namibia President declares Dangote’s $2.5bn energy investment a landmark for Africa’s industrial future

…Says project launch most memorable day of her presidency …Unveils 600-million-litre tank farm, 1,700km regional pipeline By Udeme Akpan President of Namibia, Dr Netumbo Nandi-Ndaitwah, has described the $2.5 billion Dangote Namibia Tank Farm and Regional Pipeline Project as a landmark investment that will accelerate Africa’s industrialisation, enhance regional energy security and deepen economic integration across Southern Africa. Speaking at the project’s official launch in Walvis Bay, the Namibian leader praised Aliko Dangote, President and Chief Executive of Dangote Industries Limited,…

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Need for a unified urbanisation plan
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Need for a unified urbanisation plan

The Union Budget, Economic Survey and Finance Commission recognise that India is urbanising across a rural-urban continuum. Yet Census 2027 will use the 2011 definitions, deepening the undercount of urban India; a National Urbanisation Policy can recognise this gap and build the institutional and fiscal mechanisms to bridge it

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BoG hosts Queen of Netherlands to discuss Ghana’s financial health
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BoG hosts Queen of Netherlands to discuss Ghana’s financial health

The Bank of Ghana Governor, Dr. Johnson Pandit Asiama, has welcomed the Queen of Netherlands, Queen Maxima, to a leadership roundtable on financial health in Ghana. Queen Maxima visited Ghana in her capacity as the United Nations Secretary-General’s Special Advocate for financial health.

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Airbnb can be positive for the community
business

Airbnb can be positive for the community

Readers respond to an article by Arwa Mahdawi on some self-catering hosts calling for a strike in response to new guidelines Regarding Arwa Mahdawi’s article (Airbnb feels like a soulless rip-off – and its hosts are revolting, 28 October), I’m really sick of being scapegoated. I’m aware that Airbnb has negatively impacted some urban communities, but without the income from the two self-catering cottages on my family croft, I couldn’t afford to live in Wester Ross, raise my kids here, spend my money in the village stores and volunteer as a community councillor for the last 25 years.

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Six Nations and Sanzaar agree to sell global broadcast rights together in unique deal
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Six Nations and Sanzaar agree to sell global broadcast rights together in unique deal

Rugby’s biggest unions aiming to grow revenues New rights management agency to oversee sales The Six Nations and Sanzaar unions have agreed to sell all their media rights and commercial deals collectively for the first time in a new revenue-sharing model. In an innovative arrangement that is the first of its kind in sport, the southern hemisphere nations will receive a share of the profits generated by the Six Nations and British & Irish Lions tours, while the European countries will benefit from broadcast and sponsorship deals generated by the Rugby Championship and the Rugby’s Greatest Rival

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NNPC posts N3.49trn profit in nine months
business

NNPC posts N3.49trn profit in nine months

By Obas Esiedesa, Abuja ABUJA — The Nigerian National Petroleum Company Limited (NNPC) recorded a cumulative Profit After Tax (PAT) of N3.494 trillion between January and September 2026, following an 18.1 per cent increase in its September profit to N509 billion. On gas infrastructure projects, NNPC said the Obiafu-Obrikom-Oben (OB3) Gas Pipeline had achieved 100 per cent completion, while the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline was 95 per cent complete.

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NAIMOS to receive GH¢200m in 2027 budget – Paa Kwesi Schandorf
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NAIMOS to receive GH¢200m in 2027 budget – Paa Kwesi Schandorf

The National Anti-Illegal Mining Operations Secretariat (NAIMOS) is expected to receive GH¢200 million in the 2027 Budget to strengthen its operational capacity and support efforts to combat illegal mining. The Media Relations Officer at the Ministry of Lands and Natural Resources, Paa Kwesi Schandorf, said President John Dramani Mahama had assured that the amount would be committed to the secretariat to ensure it was adequately resourced to confront illegal mining activities.

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‘Never in a million years’: alligator strolls into North Carolina bagel shop
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‘Never in a million years’: alligator strolls into North Carolina bagel shop

3ft-long reptile was looking for a nosh before animal protective services safely removed it from establishment Surveillance cameras installed in a North Carolina bagel shop caught a small alligator purposefully strolling though the back door, through the stockroom and to the front counter, startling employees and customers – one of whom armed himself with a chair against the intruder. The 3ft-long alligator’s intrusion in Bagel Dock Express in Southport, North Carolina, last Thursday was later shared by the business.

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JP Morgan’s Nigeria expansion to boost foreign investment — IMPI
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JP Morgan’s Nigeria expansion to boost foreign investment — IMPI

By Joseph Erunke, Abuja The Independent Media and Policy Initiative (IMPI) has said the planned expansion of global financial giant JP Morgan Chase into Nigeria’s merchant banking sector could attract fresh foreign investments, improve corporate financing and strengthen the country’s access to international capital markets. “JP Morgan Chase’s move to secure a national merchant banking licence in Nigeria marks a significant shift in West Africa’s corporate finance landscape,” IMPI said.

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GSE annual return hits 63%, listed firms’ Q3 performance impressive
business

GSE annual return hits 63%, listed firms’ Q3 performance impressive

The Ghana Stock Exchange (GSE) continued its impressive performance in 2026 as the GSE Composite Index (GSE-CI) rose by 1.4% week-on-week to settle at 14,303.4 points last week. GCB Bank Plc (+4.6% w/w | GH¢42.08) led the gainers’ chart, while Société Générale Ghana (- 7.4% w/w | GH¢4.63) was the worst laggard.

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Nigeria-Korea trade hits $1.1bn as both countries seek diversification
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Nigeria-Korea trade hits $1.1bn as both countries seek diversification

By Favour Ulebor, Abuja The Republic of Korea has expressed its readiness to deepen trade and investment ties with Nigeria, targeting sectors such as manufacturing, agriculture, digital technology and maritime services beyond the traditional oil and gas trade. He said trade between Nigeria and Korea reached approximately $1.1bn last year, making Nigeria one of Korea’s largest trading partners in Africa.

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Beyond oil and gold: Ghana and Saudi Arabia build a new era of economic cooperation
business

Beyond oil and gold: Ghana and Saudi Arabia build a new era of economic cooperation

Ghana’s engagement with Saudi Arabia’s investment community in Riyadh reflects a deliberate economic diplomacy strategy to translate national development priorities into international investment partnerships. An investment webinar organised by the Ghana Investment Promotion Authority (GIPA), in collaboration with the Embassy of Ghana in Riyadh, provided a platform to present Ghana’s economic opportunities, investment reforms and development priorities to prospective investors in the Kingdom.

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