Navigating a higher for longer world: What it means for your portfolio

Investors today are not short of information. Every week brings a fresh headline on oil prices, interest rates or AI valuations, and the temptation is either to react to each one or to tune out entirely.

Neither serves a long-term portfolio. What helps is a way to separate the signal from the noise, so let me share how I read the picture and what it means for the decisions in front of you.

Our research view is that global inflation will stay elevated for longer than markets currently price, with oil likely to hold above what the futures curve implies in the near term.

The experience of 2021 and 2022, when inflation proved far less transitory than most forecasters expected, has made central banks quicker to act and slower to ease.

We expect advanced-economy rates to stay restrictive, with the US Federal Reserve more likely to tighten further than to cut. That argues against building a portfolio on an assumption that rates will fall soon.

Investors should be careful with long-duration bets that depend on it, and keep a healthy allocation to instruments that earn a real return today.

Global equities add a second note of caution. US growth has stayed resilient, supported by heavy investment in AI infrastructure and relative energy self-sufficiency.

That is good for earnings, but it means much of the market’s performance now rests on a narrow theme.

We do not expect a repeat of the dot-com collapse, yet valuations in parts of the market look stretched, and the pace at which US Treasury yields rise matters as much as the level they reach.

Sharp moves tend to unsettle markets and raise dollar borrowing costs for emerging economies.

The answer is not to retreat from global markets but to diversify across sectors, geographies and asset classes.

The more encouraging story is closer to home. Frontier and sub-Saharan African markets have attracted strong foreign portfolio inflows over the past year, even as global volatility rose, the opposite of what history would suggest.

Stronger starting points explain part of this. Kenya’s foreign exchange reserves stand just under $15 billion, roughly double their level two years ago, and foreign direct investment rose above $3 billion in 2025, according to UNCTAD.

Inflation and interest rates are lower, private sector credit growth has recovered from its 2024 lows, and construction, electricity generation and vehicle assembly point to real momentum.

Kenya is not immune. Higher oil and fertiliser costs, and swings in global dollar conditions, still feed through to inflation and the shilling.

Our baseline is that headline inflation could drift higher towards the end of the year if temporary fuel relief measures lapse. But the economy is better placed to absorb such shocks than in earlier episodes, and that matters for how you position.

Four practical lessons follow. First, the shilling’s stability has been valuable, but it should not breed complacency. If you have dollar needs such as school fees, travel or offshore investments, plan ahead and spread conversions over time rather than reacting to short-term moves.

Second, local fixed income still offers attractive yields relative to inflation, so match maturities to your goals instead of chasing the longest tenors.

Third, Kenya’s low domestic savings are a long-term challenge, but they also open the door for investors with a long horizon to consider infrastructure-linked and other long-dated assets, where these suit their risk profile.

Finally, in an uncertain environment, holding some liquidity lets you act on opportunities rather than being forced to sell.

We are in a world of higher inflation, firmer rates and uneven global growth, but Kenya enters it with stronger buffers than before.

Investors who do best in these conditions tend to be those who stay diversified, match their investments to their time horizon and resist reacting to headlines.

Panadda foundation probe nearly complete, police say

Police have frozen 17 bank accounts containing about 60 million baht belonging to people linked to Panadda Wongphudee and her husband, as the investigation into the operations of the Goodness Foundation, chaired by the former Miss Thailand, gathers momentum.

Investigators have nearly pieced together the case but remain unconvinced by Ms Panadda’s claims that she was deceived by her husband, said Pol Maj Gen Thatphum Jaruprat, commander of the Economic Crime Suppression Division (ECD).

Investigators are also examining other assets linked to the celebrity couple, including houses, cars and other items, to establish their ownership histories and determine when they were acquired.

If any assets are found to have been acquired after offences involving the foundation’s funds were committed, authorities will freeze and seize them, Pol Maj Gen Thatphum said on Wednesday.

He added that summonses and arrest warrants are expected to be issued no later than Friday.

Investigators have begun questioning donors regarding donation channels, timing and amounts contributed to the foundation, said the ECD chief. Evidence gathered has also indicated that some funds were not used for their stated purposes.

The complaints followed a clear pattern and were not considered complex, he added.

Ms Panadda’s lawyers have insisted that she was also a victim and had been deceived by her husband, while insisting she had no knowledge of any misconduct. However Pol Maj Gen Thatphum said investigators were giving little weight to those claims.

As foundation chairwoman, Ms Panadda was directly responsible for overseeing its finances and accounts, monitoring expenditures to ensure they complied with the stated objectives, and signing off on financial statements and annual reports submitted to the Revenue Department, he said.

Claims by Ms Panadda’s husband, Atip ‘Got’ Anantawan, that his wife had no knowledge of, or involvement in, the alleged misconduct were merely statements made by the accused in self-defence, said Pol Maj Gen Thatphum.

However, evidence gathered from the investigation, including information provided by accountants and auditors, pointed in a different direction.

‘Such claims are not credible,’ he said, adding that investigators do not accept the argument that a person in Ms Panadda’s position, with her legal authority and capacity, could have remained unaware of repeated and ongoing transactions.

Contractors questioned

The investigation has also expanded to include contractors linked to projects funded by the foundation. Police questioned construction contractor Apichart Suelue, alias ‘Chang Ae’, who was reportedly hired to build eight pool villas in Thalang district of Phuket, on Tuesday night.

Another contractor, known as ‘Chang M’, who worked on the foundation’s project in Khlong 8, Pathum Thani, was scheduled to meet investigators on Wednesday.

Officers are trying to determine whether these people were witnesses with some knowledge of events, or complicit in the alleged wrongdoing.

Pol Maj Gen Thatphum said the investigators were examining financial transactions against standard business practices at every stage, from land acquisitions and legal transactions at land offices to contractor appointments, construction contracts specifying prices and payment milestones, as well as witnesses to contracts and payments.

Any irregularities, such as the absence of employment contracts or payments exceeding the actual value of work without reasonable justification, would be used as evidence to establish the true intentions of those involved, he said.

As for the total financial damage, the ECD chief said authorities were carefully reviewing all money trails before reaching final conclusions.

He confirmed, however, that the investigators had found evidence that foundation funds were used for Ms Panadda’s personal expenses.

He declined to confirm reports alleging that as much as 800 million baht from the foundation had been diverted for personal use, saying the investigators did not yet have evidence supporting that figure. (Story continues below)

On Tuesday night, actress Araya Alberta Hargate (Rangsisingpipat), better known as ‘Chompoo’, provided information to investigators, said Pol Maj Gen Thatphum.

Another leading actress, Ranee ‘Bella’ Campen, has not yet contacted investigators to arrange an interview.

The two actresses had reportedly donated 1 million baht each to Ms Panadda’s foundation.

Ms Panadda, who was Miss Thailand in 2000 and is now 50, filed a complaint on Tuesday with police at the Crime Suppression Division (CSD).

Speaking to reporters, the social activist and actress gave few details about her complaint, saying only that she had been wrong to trust a man who is close to her and whom she trusted the most.

She appeared to be referring to her husband, who is a real estate investor and former Mr Universe 2016.

The investigation followed a complaint filed last week by Boonyanuch Saengsri, a foundation donor and owner of the Facebook page ‘Oilsri and Phong Phueak’. She accused the foundation of fraud, money laundering and computer crimes.

The Goodness Foundation started its activities in 2019 and was registered in 2024. It attracted huge interest, raising nearly one billion baht in donations. The foundation mainly oversees disaster relief, legal aid and shelter for vulnerable groups and medical and educational assistance.

Warehouse inspected

In a related development, investigators on Wednesday visited a warehouse belonging to the foundation on a 20-rai property owned by Mr Atip in Nong Seua district of Pathum Thani.

There, they found large quantities of donated goods, including drinking water, diapers, talcum powder, mattresses and clothing. A local resident told reporters that the donated supplies began arriving during the Hat Yai floods in 2025.

It was also reported that Mr Atip’s elderly, ill mother was living on the site, where construction of a new house for her was taking place.

Customs intercepts N6.19bn smuggled goods

The Nigeria Customs Service, Federal Operations Unit (FOU), Zone A, has intercepted smuggled goods with a Duty Paid Value of N6.19bn and recovered N683.66m in additional revenue within four weeks of intensified enforcement operations.

The Acting Comptroller of the unit, Oladapo Afeni, disclosed this on Tuesday during his maiden press briefing in Ikeja, Lagos, where he disclosed that operatives of the unit thwarted 195 smuggling attempts involving prohibited and restricted goods.

Afeni said the seizures, valued at N6,194,695,947.05, comprised 3,407.83 kilogrammes of cannabis, 400 grammes of cocaine, 100 grammes of methamphetamine, imported rice, frozen poultry products, used clothing, tyres and 21 exotic foreign-used vehicles.

‘Other seized items included 6,949 cartons of spaghetti, 1,250 rounds of 12-calibre cartridges, 23,220 pieces of new machetes, 8,025 litres of Premium Motor Spirit, codeine syrup and eight live pangolins.

‘The unit also intercepted a 40-foot container carrying 2,760 pieces of office chairs in completely knocked-down form, alongside other prohibited imports’ he stated.

Highlighting the Units revenue profile, Afeni said the unit generated an additional N683,661,304.05 between September 30 and November 3, 2026.

According to him, the revenue was generated through intensified compliance checks, scrutiny of import declarations and the correction of under-valuations.

He attributed the recovery to enhanced risk profiling, targeted examination of questionable declarations, improved operational coordination and collaboration with relevant government agencies.

He further revealed that the unit has strengthened its enforcement strategy through intelligence-driven operations, improved surveillance and risk-based examination to curb smuggling, protect government revenue and safeguard the nation’s economic interests.

Afeni assured importers, licensed customs agents and other stakeholders that the unit would continue to facilitate legitimate trade while taking decisive action against duty evasion, false declarations and other fraudulent practices.

He said the operations were also aimed at protecting local industries from unfair competition arising from the smuggling of prohibited goods, particularly imported food products.

The Acting Comptroller expressed concern over the interception of 23,220 new machetes allegedly smuggled into the country without the required certificates and permits, warning that such items could pose security risks ahead of future elections.

He also highlighted the seizure of more than 3.4 tonnes of cannabis, noting that the interception would help disrupt illegal drug supply chains and prevent the circulation of harmful substances.

Afeni said the unit was collaborating with the National Drug Law Enforcement Agency, Nigeria Police Force, Department of State Services, Nigeria Immigration Service, Nigerian Army, National Agency for Food and Drug Administration and Control, and other regulatory agencies to strengthen enforcement.

He added that seized narcotics and suspects would be handed over to the NDLEA for further investigation and prosecution, while other prohibited items would be transferred to relevant agencies in line with their statutory responsibilities.

Afeni reaffirmed the unit’s commitment to revenue protection, trade facilitation and the suppression of smuggling, urging members of the public to support the campaign by reporting suspicious activities.

He said the unit would sustain intelligence-led enforcement and strengthen compliance monitoring to protect the nation’s economy.

Restoration works completed at two churches in Karavas

Restoration works have been completed at two churches in Turkish-occupied Karavas, nameley Agia Irini and Agios Georgios in the Mezere area.

According to Sotos Ktoris, Co-chair of the Technical Committee on Cultural Heritage, the Church of Agia Irini is one of the three parish churches in Karavas. Dating back to the early 19th century, it remains a living part of the area’s history and collective memory.

In a post, he noted that Greek Cypriot and Turkish Cypriot architects, engineers and conservators worked together on the project. Funding was provided by the EU and the residents of Karavas, while the works were carried out under the technical supervision of the United Nations Development Programme (UNDP).

Regarding the Church of Agios Georgios in Mezere, Ktoris said that the historic church, built in the mid-19th century on the site of an earlier monastery, is an integral part of Karavas’ history and collective memory.

Greek Cypriot and Turkish Cypriot architects, engineers and conservators also worked together on this project. The works were funded by the EU and the community and carried out under the technical supervision of the UNDP.

Ktoris also referred to the cemetery in Kalopsida, which was restored and cared for by members of the community.

“Every cemetery that is restored is a debt owed to those who have passed away, an act of respect for those who remember them, and a small but meaningful contribution to building trust and reconciliation in our land,” he noted.

The Cameras Are Clicking On Unmarked Tar

Drive down the Accra-Kumasi or Accra-Aflao highway at 7:30pm, right where the open trunk road begins to swallow a peri-urban settlement. Your headlights sweep across dark tar.

There is no reflective aluminium sign warning you that the speed limit just dropped from ninety to fifty kilometres per hour. There is no painted white line on the asphalt. What waits for you in the gloom, bolted to a high pole above the carriageway, is a solar-powered radar camera ready to bill your mobile money wallet within seconds.

Nobody who drives on Ghana’s roads with a clear conscience will argue against automated traffic enforcement. The carnage on our highways and the informal roadside settlements that have compromised human policing for decades all make a strong case for Traffitech-GH. Taking a compromised officer’s discretion out of the loop and replacing it with objective sensors is a necessary intervention.

Yet even the best technology becomes predatory when bolted onto a broken foundation.

Automated spot fines under the Road Traffic Regulations, 2026 (L.I. 2519) are now in full force across the country, having gone live on Sunday, 1 November. Almost immediately, a bizarre debate broke out online. In their rush to defend the rollout, several well-meaning citizens argued that drivers do not actually need physical speed signs on our roads.

They are merely echoing officialdom. Right on the eve of the enforcement rollout, an Assistant Commissioner of Police at the MTTD went on air to declare that motorists ‘do not only wait for the sign indicating a 50-kilometre-per-hour speed limit.’ Drivers, he claimed, should simply see people along the roadside and know they are in a built-up area. And if you are still unsure, the online apologists say, just glance at Waze or your car’s digital dashboard.

A contributor on my timeline, Lily, called this out for what it is: a blind spot of middle-class privilege.

When did owning a modern vehicle with adaptive cruise control, a mounted smartphone, and an active data bundle become a legal requirement for driving safely in Ghana? What happens to the trotro driver in a twenty-year-old manual bus? What about the commercial driver entering Accra from the regions on an unfamiliar corridor?

Consider the schoolchild on foot. That child relies on physical road signs and painted crossings to force approaching vehicles to slow down. Pedestrians do not walk around with machine-assisted navigation.

Extraction Without Engineering

Another contributor, Magnus, put his finger on the deeper institutional disease. The state has always preferred the lazy route of raw law enforcement over the hard work of public engineering.

Once you see the chessboard, the incentives become obvious.

Auditing a highway corridor, planting reflective regulatory signs at every transition zone, and refreshing thermoplastic road markings every few years costs money. It requires disciplined maintenance.

Mounting a high-definition camera on a pole and firing off Electronic Notices of Violation via SMS (GPS-MTTD) and USSD (*220#) is much easier. It generates instant revenue with zero civil engineering effort. Under Traffitech-GH, an unpaid ticket attracts an additional one per cent penalty for every single day of default after fourteen days, and the liability follows the vehicle owner straight into the DVLA database.

Enforcing the citizen’s obligation with digital precision while ignoring the state’s statutory duty to mark the road is no longer road safety. It is revenue collection by ambush.

The Predictable Excuses of Officialdom

Whenever citizens raise this gap, officials and their apologists reach for a familiar playbook of pushbacks. None of them survives serious scrutiny under the very laws they cite.

First comes the stern legalistic lecture: ‘The law is the law, and ignorance of the law is no excuse. Regulation 211 of L.I. 2519 clearly states that school and market zones are 30 km/h, built-up areas are 50 km/h, highways are 90 km/h, and motorways are 100 km/h.’

Read the opening words of Regulation 211 of L.I. 2519 again. It begins: ‘Except as otherwise indicated by the Road Authority…’

That defence mistakes a gazetted booklet at the Assembly Press for a physical carriageway. While Regulation 211 sets a general 50 km/h limit in a built-up area and 90 km/h on a highway outside it, the law on paper does not mark the tar. It cannot tell a driver at night which exact metre of asphalt marks the legal boundary where a 90 km/h trunk road transitions into a 50 km/h ribbon settlement.

Look even closer at Regulation 222(7)-(9) of L.I. 2519 on jumping red lights. The law defines the offence strictly as a vehicle’s tyre crossing the ‘stop line’ at a signalised intersection when the light turns red.

How does an automated camera fairly prosecute a driver for crossing a stop line on an intersection where the white thermoplastic paint faded into bare black tar four years ago? A regulatory sign or road marking is not a favour to cure legal ignorance. It is the mandatory physical notice that brings the law into effect on a specific stretch of road.

Second comes the bureaucratic shrug: ‘The Police MTTD only enforces L.I. 2519; the Ghana Highway Authority and Urban Roads are responsible for the signs and paint. Go and complain to the Ministry of Roads.’

A senior retired military commander who previewed this piece early this morning diagnosed the exact pathology behind that excuse. Our road network, he observed, is partitioned between rival bureaucratic superpowers. On one side sits the Ministry of Roads and Highways, which controls the physical tar through the GHA, Urban Roads, and Feeder Roads. On the other side sit the Ministry of Transport and the Ministry of the Interior, which control regulation and enforcement through the NRSA, the DVLA, and the Police MTTD.

One arm of the state sets a physical trap on the asphalt through engineering neglect. The other arm arrives with digital cameras to harvest the trap.

To the citizen receiving an automated fine on their phone, however, the Republic of Ghana is a single legal entity. Under Section 3(l) of the Ghana Highway Authority Act, 1997 (Act 540), the GHA is explicitly mandated to provide and maintain road furniture, road markings, and warning signs on trunk roads. Furthermore, under Sections 15 and 21 of the National Road Safety Authority Act, 2019 (Act 993), the NRSA has full statutory power to inspect road environments and issue binding Compliance Notices when markings and signage fail safety standards.

If the engineering arm of the state has failed its statutory duty under Act 540 and Act 993 to mark a transition zone, the enforcement arm has no moral or legal business setting an electronic ambush in that exact gap.

Third is the alibi of vandalism: ‘Scrap dealers steal the metal signs, errant drivers knock them down, and there is no budget to replace them.’

Pause and measure the gap between that excuse and the physical ledger.

The state found the capital and private-partnership arrangements to procure, mount, power, and maintain solar-backed, high-definition ANPR and radar cameras across the country, complete with armoured poles and back-end servers. Yet that same state suddenly goes broke and helpless when it comes to bolting a sheet of reflective aluminium onto a galvanised pipe fifty metres ahead of that very camera?

If you can protect a ten-thousand-dollar camera from scrap thieves, you can protect a speed sign.

The Tyranny of the Unmarked Mound

On 17 January 1972, Colonel I. K. Acheampong surveyed the self-inflicted chaos of our public administration and remarked that we had become ‘almost like a nation at war without an external enemy.’ Fifty-four years later, that war is waged daily on our carriageways. As my senior military reviewer put it this morning, our roads have become an active volcano and an undeclared pandemic, claiming more Ghanaian lives through neglected infrastructure than any foreign conflict.

Want proof that our road agencies have abandoned the physical carriageway while drawing monthly salaries from the Consolidated Fund? Look down at the asphalt itself. Look at the speed ramps.

Drive across any region in Ghana today, from the N1 and the Eastern Corridor to the trunk roads cutting through the Volta, Ashanti, and Central regions. As peri-urban communities expand along major highways, residents routinely take picks, shovels, mixed concrete, or heaps of laterite onto the highway at night. They erect their own unauthorised speed ramps.

You can sympathise with the desperation of a community that has lost children to speeding vehicles because authorities ignored their petitions for a safe crossing. What you cannot excuse is the state’s complicity in the chaos that follows.

Under Act 540 and Act 993, altering a public highway or erecting an unauthorised obstruction within the road environment is completely illegal. Every single week, regional directors, maintenance engineers, and inspectors from the GHA, the Department of Urban Roads, and the NRSA drive their four-wheel-drive pickups over these exact same crude, unpainted concrete ridges.

They feel the violent jolt in their suspension. They see the deep gouges in the asphalt where ordinary saloon cars and loaded trucks have scraped their sumps, exhaust pipes, and axles.

And they drive right past.

Even where contractors originally built the ramps, time and weather strip away the warning paint and flatten the approach signs. Nobody returns to repaint the zebra stripes. Nobody replaces the rusted triangular warning plate fifty metres ahead.

A motorist driving at dusk at a perfectly legal highway speed suddenly hits an invisible wall of unmarked asphalt. The financial toll on citizens in shattered shock absorbers, burst tyres, cracked oil sumps, and fatal loss-of-control crashes is incalculable.

Fixing the Road Before the Fine

We cannot build a first-world automated enforcement regime under L.I. 2519 on top of a third-world culture of physical neglect. Yes, thermoplastic paint fades under tropical sun and heavy axle loads. Yes, metal signs get knocked down, and growing towns require new traffic-calming measures.

That is precisely why taxpayers fund full-time maintenance directorates at the GHA, Urban Roads, Feeder Roads, and the NRSA. Who is signing off on corridor maintenance audits while sleeping on the job? Why are regional road engineers drawing public salaries every month while communities dig up trunk highways to build unmarked barricades with impunity?

If Traffitech-GH is to command public trust rather than public resentment, the contract between the state and the road user must rest on three operational rules: Sign, Standardise, and Sanction.

First, sign every enforced corridor under a strict ‘No Sign, No Fine’ administrative protocol. Where automated speed or red-light cameras are already issuing binding tickets, the NRSA must immediately exercise its mandate under Act 993 to publish a verifiable compliance audit confirming that every monitored corridor has clear speed-limit signage and freshly painted stop lines. Until a corridor passes that audit, ticketing on that stretch should be suspended, and a timestamped photograph showing missing road furniture should automatically cancel any ticket on the contesting portal.

Second, Standardise traffic calming through a ninety-day national ramp audit. The Ministry of Roads and Highways must instruct the GHA and Urban Roads to clear all illegal, unengineered community barricades across our highways, replacing illegitimate crossing points with standardised, reflective, and properly signed speed tables.

Third, Sanction administrative negligence by tying corridor failures to named public officers. Every trunk and urban road stretch falls under the jurisdiction of a specific regional or municipal maintenance engineer. When an unmarked ramp destroys vehicles or a missing regulatory sign invalidates an enforcement zone, the failure must be traced directly to the desk, and performance appraisal of the officer paid to inspect that corridor.

You cannot cover the entire republic in digital sensors to save lives while leaving the tar beneath our wheels unmarked and lawless. We all want safer, disciplined roads. Before the state points a ten-thousand-dollar camera at the citizen’s number plate, the engineers on the public payroll must pick up their paintbrushes, bolt the signs onto the poles, and light up the road in front of our headlights.

Adwoa Smart Gets New Home

Veteran actress, Adwoa Smart, has been given a fully furnished one-bedroom apartment after floods destroyed her home.

The new apartment was provided by businesswoman and philanthropist, Maame Gold, through her foundation, the Maame Gold Foundation, with support from some friends.

Media reports indicated that Maame Gold said she was moved to assist the actress after witnessing the damage to her home when she dropped her off at the property.

She explained that Adwoa Smart had initially turned down her offer of help, as the actress rarely spoke about her personal difficulties.

Determined to support her, the philanthropist later arranged a surprise presentation, inviting the actress on the pretext of visiting another person.

Adwoa Smart was overcome with emotion when she discovered that the apartment had been prepared for her.

The apartment is fully furnished with essential household items, allowing her to move into her new home without worrying about necessities.

Expressing her gratitude, the actress offered prayers and blessings for Maame Gold, describing the gesture as timely support during a difficult period in her life.

NMDPRA, EFCC seal off Chinese-linked illegal refinery in Ogun

Officials of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Economic and Financial Crimes Commission (EFCC) on Wednesday raided an illegal refinery linked to the Chinese at Ogere-Remo, Ikenne Local Government Area of Ogun State.

The officials stormed the facility after the EFCC’s intelligence exposed what investigators described as a well-fenced, crude but technically sophisticated refinery occupying over three hectares of land.

The team spotted underground tanks believed to have been used for heating and processing sludge oil, waste products from refining, and substances suspected to be Automotive Gas Oil, AGO, otherwise known as diesel.

NMDPRA officials sealed off the facility during the inspection.

The State Coordinator of NMDPRA, Dr Atilola Akinyemi, said the facility was operating without permit from any regulatory authority.

According to him, an underground storage facility behind the site has an estimated capacity of more than 90,000 litres, with underground heating systems, water hydrants for cooling, locally fabricated tanks and silos for separation.

‘This facility you see here is very crude and completely illegal. This is not a refinery by any standard. It does not have a permit from any regulatory authority and its operations are unknown to the relevant authorities.

‘They appear to be technically skilled people who have deliberately designed this facility to circumvent government regulations. When we examine their final product, it may look like diesel to the average person, but we cannot classify it as diesel until laboratory tests have been conducted,’ he said.

The EFCC, Zonal Director, Lagos Zonal Directorate 2, Bawa Usman Kaltungo, said, ‘What we have seen here is an illegal refinery with a complete setup, featuring all the processes through which sludge passes before being converted into what is commonly referred to as diesel. Judging by the nature of this facility, it has been operating for years.’

Kalango said the same Ogere axis has become a hub of illegal activities by foreign nationals, recalling that 14 Chinese nationals were arrested a week earlier over illegal lithium processing.

‘Some of them had passports, while others did not. Even among those who had passports, we discovered that some of their visas had expired about three months earlier. Yet, there were still individuals operating there without passports,’ he said.

He vowed that the operators will be brought to book.

Also speaking, Director, Department of Proceeds of Crime Management, EFCC, Mr. Gbolahan Latona, said ‘Imagine allowing saboteurs like these to operate freely and undermine the efforts of legitimate investors like Dangote Refinery. Ultimately, it is Nigerians who will suffer.’

Omenaa Foundation Opens Sport and Art Campus In Tema

The Omenaa Foundation has officially opened its flagship Sport and Art Campus in Tema, in a landmark project celebrating African creativity, talent and opportunity.

Rooted in the theme ‘From Philanthropy to Partnership. From Opportunity to Empowerment,’ the campus was opened on October 31 by Ghanaian-Polish entrepreneur and philanthropist Omenaa Mensah, drawing on her Ghanaian heritage and over 12 years of philanthropic work.

The multidisciplinary campus brings together sport, education, healthcare, contemporary art and international creative residencies. Designed to nurture young talent and serve local communities, it also welcomes European business leaders to create opportunities for cross-continental partnerships and investment, in line with Mensah’s ‘Building Bridges’ strategy connecting African creativity with international networks.

According to the Foundation, the Campus is more than a space for its beneficiaries. It is a place of mutual inspiration where artists, athletes, volunteers, entrepreneurs and international guests share knowledge and experience, while European donors discover African heritage and creativity.

On November 1, it opened its spaces to children, young people and residents of surrounding neighbourhoods during a Community Open Day.

The project is a key milestone in the Foundation’s 2026-2030 strategy, ‘Building Bridges,’ with Ghana serving as its main African hub. Funding includes proceeds from TOP CHARITY, which since 2022 has raised over EUR 58 million and supported more than 300 projects worldwide.

In 2023, the Foundation assumed full responsibility for a neglected Child Protection Centre and transformed it. Today, Kids Haven School is a safe home and educational centre for 51 children, with 44 more supported through its scholarship programme after leaving the centre.

Developed since 2024, the Campus comprises three main areas: Gym Center, Community Center and Art Residence. The Community Center includes the Doctors Rooms medical clinic, PHENOMENAA CAFE and TOP CHARITY Creative Lab. It is complemented by sports fields and a sculpture garden.

Sport plays a central role. The Gym Center features professional equipment, separate changing rooms and a physiotherapy room, aimed at teaching perseverance, teamwork and resilience. Ambassadors include former NBA player Pops Mensah-Bonsu, fitness expert Ewa Chodakowska and Lukasz Dojka.

During the Grand Opening, children played a match alongside football legends Asamoah Gyan, Stephen Appiah and Emmanuel Agyemang-Badu, joined by Polish sports stars Marcin Gortat and Radoslaw Majdan.

Art was also central to the opening with the inauguration of Omenaa’s Museum of Ghanaian-Polish Relation and its first exhibition, ‘Common Ground,’ curated by Azu Nwagbogu and Natalia Bradbury. The exhibition explores memory, identity and cooperation, featuring works by artists from Poland, Ghana and across Africa, including pieces by El Anatsui and Ibrahim Mahama.

Polish sculptor Tomasz Koclega, working with Ghanaian artist Nicholas Ofori, created a 4.5-metre sculpture titled ‘Meteoron’ for the sculpture garden, which also features works by Constance Swaniker and Al Hassan Issah.

Health is a key pillar. Doctors Rooms provides free paediatric care, diagnostics, eye examinations and health education. It will serve children from Kids Haven, other care facilities, deaf and hard-of-hearing children in Tema, and the wider community, and is expected to join Ghana’s national vaccination programme.

‘Sport and art give children wings, but health matters most to us,’ said Vanessa Mensah, Medical Projects Lead.

The Community Center also houses PHENOMENAA CAFE, which from 2027 will offer vocational training in barista skills and customer service for teenagers transitioning out of care, in partnership with E. Wedel.

The opening was made possible by business partners including Xtreme Brands, ASTON, DDB Design and Build, Toyota and BC ARMS, with medical equipment support from the Embassy of Poland in Nigeria and NOS DUO Foundation.

The opening week also featured TOP CHARITY ChangeMAKERS Africa on October 29 at Kempinski Hotel Gold Coast City in Accra, the first Poland-Ghana business convening of its kind. It brought together over 70 European business leaders and 85 Ghanaian and international organisations to discuss joint ventures and long-term presence in Ghana.

‘I am a woman of two worlds. Poland gave me education and opportunities. But Africa is my heart, my soul and my DNA. Omenaa Sport and Art Campus is the fulfilment of that dream,’ Mensah said.

The Foundation has also signed a Memorandum of Understanding with the Otumfuo Osei Tutu II Foundation to collaborate on environmental solutions, heritage restoration and education in Kumasi and the wider Asante Kingdom.

Kirk Franklin features Davido on new song ‘Hope In You’

American gospel legend Kirk Franklin has released a new song, ‘Hope In You’, featuring Afrobeats superstar Davido.

The song is from Franklin’s new double album, I Am What I Am, released on October 30, 2026, via Fo Yo Soul Recordings, TRIBL Records and Uptown Records.

The 14-track project comprises seven studio recordings and seven live recordings, and features collaborations with Jelly Roll, GloRilla, Tobe Nwigwe and Davido.

‘Hope In You’ runs for three minutes and 27 seconds and blends Franklin’s gospel sound with Afrobeats.

The track was previewed at an exclusive album listening session in Atlanta on October 12, where it was described as having a steady bass rhythm and uplifting production, with Davido delivering a melodic verse.

After the album’s release, Franklin and Davido appeared on the music platform From The Block to perform the song.

The clip, shared by @4shootersonly on Instagram, has garnered over 100,000 likes within 11 hours.

The platform announced the release with the caption: ‘@kirkfranklin x @davido Came Through The Block With ‘Hope In You’ @fromtheblockperformance Out Now!’

Saudi Aramco begins epansion of East-West oil pipeline amid Hormuz disruptions

Saudi Aramco has begun work to epand its East-West oil pipeline, aiming to strengthen the kingdom’s ability to transport crude oil while bypassing the Strait of Hormuz. The company epects to have the capacity to increase oil production to a maimum of 12 million barrels per day in the coming weeks.

Saudi Aramco President and CEO Amin Nasser announced the development at a press conference.

He said preliminary engineering work on the East-West pipeline epansion had begun. Nasser also noted that the company carries out emergency repairs si times faster than other companies in the energy sector.

The approimately 1,200-kilometre East-West pipeline runs from Abqaiq in eastern Saudi Arabia to the port of Yanbu on the Red Sea coast. Its current transportation capacity is around 7 million barrels per day.

Disruptions to shipping through the Strait of Hormuz amid the US-Iran war have prompted Saudi Arabia to rely more heavily on alternative routes for oil eports. The East-West pipeline allows the kingdom to transport crude from its eastern oil-producing regions to Red Sea ports by land, enabling some eports to bypass the Strait of Hormuz.

Following disruptions to oil flows through the strategic waterway, Saudi Aramco has been using the pipeline to redirect approimately 4 million barrels of crude oil per day to Yanbu.