Ewoyaa Lithium Project : Atlantic Lithium secures investment from Ghana’s MII

Ewoyaa Lithium Project : Atlantic Lithium secures investment from Ghana’s MII

Atlantic Lithium Limited has secured a strategic investment of US$32.9 million from the Minerals Income Investment Fund of Ghana (MIIF). The investment aims to support the development of Atlantic Lithium’s flagship Ewoyaa Lithium Project and the broader Cape Coast Lithium Portfolio in Ghana. Quotes from Atlantic Lithium and MIIF Leadership Neil Herbert, Executive Chairman of […]

Kalia iron ore project : TerraCom signs MoU for acquiring Ghanaian project

Kalia iron ore project : TerraCom signs MoU for acquiring Ghanaian project

TerraCom Limited said that its fully-owned subsidiary has signed a memorandum of understanding (MoU) with Bellzone Holding for acquiring the Kalia iron ore project in Ghana. The exclusive non-binding MoU is contingent on preceding customary conditions, which include due diligence, regulatory approvals, and others. The Kalia iron ore project is located in the Faranah prefecture. […]

Bharti Airtel announces takeover of AirtelTigo by Ghanaian government

Bharti Airtel announces takeover of AirtelTigo by Ghanaian government

Ghanaian government, Bharti Airtel, and Millicom International Cellular have reached an agreement for the transfer of AirtelTigo, a joint venture (JV) between Airtel Ghana and Millicom Ghana, to the government, on a going concern basis. The government will acquire 100% shares of AirtelTigo and all customers, assets, and liabilities, as per the proposed agreement. The […]

Nigerian fintech company Paystack to be acquired by Stripe

Nigerian fintech company Paystack to be acquired by Stripe

Stripe acquisition of Paystack : American payment technology firm Stripe has signed a deal to acquire Paystack, a Nigerian fintech company, for an undisclosed price. Paystack is said to enable organizations of all sizes in Nigeria and Ghana in receiving payments from various parts of the world. The Nigerian fintech company is claimed to serve […]

Shandong Gold Mining offers to acquire Cardinal Resources for $221m

Shandong Gold Mining offers to acquire Cardinal Resources for $221m

Shandong Gold Mining, a Chinese state-owned gold mining company, has offered to acquire Cardinal Resources, a West African gold‐focused exploration and development company, for about AUD321 million ($221 million) in cash. In this connection, the two gold mining companies have entered into a bid implementation agreement as per which Shandong Gold Mining has offered a […]

West Africa’s DTRT Apparel secures funding from Red Bull and Verod Capital

West Africa’s DTRT Apparel secures funding from Red Bull and Verod Capital

Ghana-based clothing manufacturer and exporter DTRT Apparel has received an undisclosed sum of investment from Red Bull and Verod Capital Management, registering a massive boost for apparel manufacturing in West Africa. Through a global network spanning three continents, DTRT Apparel procures textiles from Asia and supplies to major US-and EU-based brands. Skip Richmond – co-founder […]