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Showing posts with label investing. Show all posts
Showing posts with label investing. Show all posts

Trishakti Industries Launches Capital Raising with Preferential Equity and Convertible Warrants

VMPL

Kolkata (West Bengal) [India], July 18: Trishakti Industries Limited, a top crane rental and heavy lifting services company in India, has completed acapital raising initiative, marking a pivotal momentin its continuous expansion and aggressive investment strategies.

Key Highlights:

Preferred Distribution of Equity Shares and Options

Strategic Equity Financing and Allocations:

The Board of Directors has given approval to a preferential offering consisting of:

* 1,46,000 fully paid-up equity shares issued at a price of ₹158.10 each.

* 16,18,000 convertible warrants at ₹158.10 each, with each warrant entitling the holder to one equity share within 18 months of issuance.

* The total funds raised will amount to ₹27.89 crore, including new capital investment and the conversion of unsecured loans.

* 10 lakh shares allocated to the promoter group, indicating their ongoing dedication and show of confidence in Trishakti's long-term strategy.

* 6.18 lakh warrants allocated to public (non-promoter) investors, greatly expanding the shareholder base and market involvement.

Enhanced Shareholding Profile

Following the preferential issue, the total number of shares went up from 1,63,30,550 to 1,80,94,550. The Promoter and Promoter Group's holding increased from 1,12,85,591 to 1,22,85,591 shares, although their percentage slightly dropped from 69.11% to 67.90%. Public holdings rose from 50,44,959 to 58,08,959 shares, with their stake increasing from 30.89% to 32.10%.

Capital Expenditure Plan: India's Infrastructure Foundation:

* Trishakti is implementing a strong ₹400 crore capital expenditure strategy for FY25-FY27, enhancing its contemporary fleet of hydraulic, crawler, and truck-mounted cranes to assist in India's most challenging infrastructure developments.

* More than Rs.50 crore has already been invested up to FY25, allowing Trishakti to reach full fleet utilization and secure notable contracts—including a significant equipment supply order from Reliance Industries for a major renewable energy project.

* The funds from this round will directly support fleet growth, technological improvements, working capital, and project implementation capabilities.

High-Profile Investor Participation:

The present funding round secured substantial new support from:

* Gautam Badalia, CEO of Route Mobile, joins as an investor, offering valuable strategic expertise.

* The company's initial significant Domestic Institutional Investor, signifying the arrival of institutional funding and boosting market confidence.

Sector View: Strong Expansion in India's Infrastructure Network:

* The infrastructure industry in India is witnessing remarkable growth, supported by historic government investments exceeding ₹11 lakh crore for the fiscal year 2025-26, along with significant increases in private sector spending.

* The extensive growth in transportation, energy, and city development is increasing the need for crane hiring and large-scale lifting services.

* The increase in large-scale projects and modernization efforts is transforming the national scene, offering substantial growth prospects for firms such as Trishakti Industries to expand and develop their fleet-based services.

Management Commentary

Mr. Dhruv Jhanwar, the Chief Executive Officer, remarked: "This capital infusion marks a significant step forward in Trishakti's development. Given our strong order backlog and increasing interest from major clients, we are expanding quickly to address the changing requirements of India's infrastructure industry."

Crucially, this fundraising involves substantial contributions from the promoter group—showcasing our belief—and involvement from prominent industry and institutional investors. We are confident that these resources will speed up our fleet growth, enhance operational efficiency, and bolster our balance sheet for continuous, long-term development.

About Trishakti Industries Limited

Trishakti Industries Limited, founded in 1985, stands as one of India's leading companies offering infrastructure solutions, focusing on the rental of heavy earthmoving equipment. Through its wide range of modern machinery, the firm assists major projects in vital industries like steel, cement, railroads, and construction, among others.

For almost four decades, Trishakti Industries has established a strong reputation by collaborating with top organizations such as Tata Steel, Larsen & Toubro, RVNL, ONGC, ITD Cementation, Jindal Group, Adani Group, KEC International, NCC Limited, and more. Through providing dependable, prompt, and effective equipment solutions, the company has been instrumental in supporting India's infrastructure growth.

Trishakti Industries is dedicated to achieving operational excellence, ensuring safety, and delivering customer satisfaction, establishing itself as a reliable collaborator for some of the country's most challenging and prominent projects. Ongoing investment in technology and innovation allows its clients to benefit from advanced and efficient equipment, solidifying Trishakti Industries' position as a leader in the industry.

Disclaimer

This document includes statements that look ahead and are not based on past events. These statements are influenced by various risks and uncertainties, such as government decisions, local changes, and technological challenges. The Company is not liable for any actions taken based on these statements and does not promise to update them publicly to reflect new events or situations.

(ADVERTORIAL DISCLAIMER: The following press release has been provided byVMPL. ANI will not be held responsible in any manner for the content thereof)


Government Securities Worth Rs 27,000 Crore Fully Subscribed on Friday

Mumbai (Maharashtra) [India], July 18 (ANI): On Friday, the central government conducted an auction of securities amounting to a total of Rs 27,000 crore (Rs 15,000 crore set to mature in 2030 and Rs 12,000 crore scheduled to mature in 2054).

As per the Reserve Bank of India (RBI), thegovernment securitieswas fully subscribed. The bond maturing in 2030 is expected to provide 6.01 percent annual returns, and 7.09 percent for the bond maturing in 2054.

The subscription auction was carried out using a price-based approach today. Primary Dealers submitted their bids for the auction electronically via the Core Banking Solution (E-Kuber) system between 09:00 AM and 09:30 AM on the day of the underwriting auction (today).

The underwriting commission will be added to the current account of the respective primary dealers with RBI today. Primary dealers are authorized entities with RBI that have permission to buy and sellgovernment securities.

In the most recent auction of State Government Securities (SGS), data from the RBI revealed that up to twelve Indian states managed to raise a combined total of Rs 26,900 crore. Every state that took part in the auction accepted the full amount they had announced for the sale.

Maharashtra took the lead in the fundraising initiative, raising Rs 6,000 crore via four types of securities. The state provided returns of 7.12 per cent for a 22-year security, 7.13 per cent for a 23-year security, 7.15 per cent for a 24-year security, and 7.16 per cent for a 25-year security.

After Maharashtra, Andhra Pradesh generated Rs 3,600 crore by issuing two securities worth Rs 1,500 crore and Rs 2,100 crore, with yields of 6.87 per cent and 6.88 per cent respectively, for tenures of 8 and 9 years.

Uttar Pradesh generated Rs 3,000 crore by issuing a single security with a yield of 6.86 percent for an 8-year period.

Uttar Pradesh is succeeded by Telangana and Punjab, each of which raised Rs 2,500 crore. Punjab also recorded the highest return on its security at 7.19 per cent for a period of 24 years.

Telangana secured Rs 2,500 crore through three different securities, with two of them amounting to Rs 1,000 crore each. The first one was issued at a yield of 7.10 per cent for a period of 32 years, while the second was offered at a yield of 7.09 per cent for 35 years. The third security, worth Rs 500 crore, was issued for a tenure of 38 years with a yield of 7.09 per cent.

West Bengal, Gujarat, and Bihar each issued securities worth Rs 2,000 crore. West Bengal did so at a yield of 7.07% for a period of 12 years, Gujarat at 6.80% for nine years, and Bihar at 6.90% for ten years.

Other bidders in the auction were Odisha, which generated Rs 1,500 crore by issuing two securities worth Rs 1,000 crore and Rs 500 crore. The first was issued at a yield of 6.98 per cent for a period of 12 years, while the second was offered at 6.13 per cent for a duration of three years.

Tamil Nadu generated Rs 1,000 crore by issuing a bond with a yield of 6.82 percent for a period of 10 years. Goa secured Rs 100 crore at 6.89 percent for a term of 10 years.

The RBI carried out this yield-based auction as part of its standard borrowing schedule for states, assisting them in fulfilling their capital spending and financial requirements. (ANI)


Swastika Castal Launches IPO on July 21, 2025

PNN

Mumbai (Maharashtra) [India], July 18:Swastika Castal LimitedA prominent producer of aluminum castings, based in Vadodara, Gujarat, the company is recognized for its skills in sand casting, gravity die casting, and centrifugal casting. It has declared the launch of its IPO on July 21, 2025, with an intended issue size of ₹14.07 Crores, and the shares are expected to be listed on BSE Limited's SME Platform.

Equity Share Allocation

* Market Maker - 1,10,000 Shares of Equity

* Retail Individual Investors (RII) - 10,28,000 Shares of Equity

* Others - 10,26,000 Equity Shares

The funds received from the IPO will be used for capital spending on purchasing equipment and machinery, building sheds and structures, covering working capital needs, and for general company purposes.

The public subscription period will begin on Monday, July 21, 2025, and end on Wednesday, July 23, 2025.

Horizon Management Private Limited serves as the Lead Manager for the offering, while Accurate Securities & Registry Private Limited acts as the Registrar for the issue.

Mr. Varun Sharda, Founder and Chief Executive Officer ofSwastika Castal Limited, expressed: "Swastika Castal LimitedHis entry into the capital markets represents a significant turning point in our path of exact engineering, creativity, and worldwide growth. For many years, we have positioned ourselves as a reliable producer of high-accuracy aluminum castings, supplying essential industries throughout India, Europe, Japan, and the United States.

Boasting extensive knowledge in sand casting, gravity die casting, and centrifugal casting, along with state-of-the-art production systems and ISO-certified procedures, we provide customized, high-performance solutions for industries such as automotive, rail, power transmission, and oil & gas.

Highlights:

* New Issue Size - 21,64,000 Equity Shares of ₹ 10 each

* Amount Issued - ₹ 14.07 Crores

* Issue Cost - ₹ 65 Per Share

* Trading Unit - 2,000 Equity Shares

Our travels have been influenced by ongoing investment in state-of-the-art equipment, trained personnel, and thorough testing procedures that comply with international quality requirements. Under the direction of seasoned management, we regularly deliver dependable and accurate solutions for a wide range of customers.

The funds generated from this IPO will allow us to increase manufacturing capabilities, improve working capital, and boost our international footprint. As we move into this new stage of growth, we are dedicated to delivering long-term value and reinforcing Swastika Castal's standing as a reliable leader in aluminum castings that supports the 'Make in India' initiative.

Mr. Sanjay Dubey, the chief executive officer of Horizon Management Private Limited, stated,

The aluminum casting sector is set for substantial expansion fueled by growing industrialization, infrastructure projects, and increased need in areas like automotive, rail transport, power distribution, and heavy equipment. Improvements in production techniques and a focus on enhanced accuracy and quality are also boosting the market's prospects at both national and international levels.

In this scenario, businesses that utilize technological advancement and uphold strict quality controls are most prepared to take advantage of the expanding prospects.Swastika Castal Limited, with its emphasis on accurate manufacturing and dedication to excellence, is ideally positioned to take advantage of these positive trends in the sector.

We are pleased to be a part ofSwastika Castal LimitedTheir IPO process and the confidence that the raised capital will enable them to enhance their operational strengths and expand their footprint in a fast-changing market. This collaboration presents an intriguing chance to back a company ready for long-term growth and value development.

About The Company:

Swastika Castal LimitedOne of the top manufacturers of aluminum castings, known for its proficiency in various casting methods such as sand casting, gravity die casting, and centrifugal casting. Supported by a competent technical team and ISO 9001:2008 certified procedures, the company ensures reliable quality and tailored solutions, gaining the confidence of multinational clients worldwide. Swastika provides ready-to-use aluminum parts to customers in India, Europe, Japan, and the United States, serving essential industries like automotive, railways, textiles, electricals, and power transmission. Its strong manufacturing system, based on advanced technology, modern equipment, and thorough testing facilities, has established the company as a globally competitive and dependable supplier in the aluminum casting sector. Through its emphasis on engineering excellence, operational accuracy, and customer-focused innovation, Swastika Castal continues to enhance its position in both local and global markets.

For the fiscal year 2025, the company reported a Revenue of ₹ 2,966.12 Lakhs, an EBITDA of ₹ 455.46 Lakhs, and a PAT of ₹ 263.49 Lakhs.

Note: Some statements in this document that are not historical facts are considered forward-looking statements. These forward-looking statements are influenced by various risks and uncertainties, including government actions, local, political, or economic changes, technological challenges, and numerous other factors that could lead to results differing significantly from what is anticipated in these statements. The Company will not be held accountable for any actions taken based on these statements and does not commit to updating these forward-looking statements publicly to reflect future events or situations.

(ADVERTORIAL DISCLAIMER: The following press release has been provided byPNN. ANI will not be held responsible in any manner for the content thereof)


FirstBank Women’s Network Empowers Future Leaders at Ola Girls SHS

FirstBank Women’s Network Empowers Future Leaders at Ola Girls SHS

The FirstBank Ghana Women’s Network organized an empowering mentorship and objective-setting event at Ola Girls Senior High School in Ho, reaching more than 500 students.

This effort is a component of FirstBank's dedication to supporting young women and developing their leadership abilities to help them face upcoming challenges and seize available opportunities.

The gathering aimed not just to motivate but also to provide students with real-world strategies and knowledge they can use in both their studies and personal experiences. The environment was lively, with students participating in dynamic conversations, sessions, and connecting with successful experts.

Victor Yaw Asante, the Managing Director of FirstBank Ghana, highlighted the significance of these efforts, saying, "our dedication to supporting young people is central to our mission. Guidance and setting objectives are crucial for growth in both personal and career aspects."

By supporting their capabilities, we enhance personal lives and play a role in the overall socio-economic progress of our country. I urge young leaders to seize every chance, gain knowledge from their mentors, and stay committed to their quest for outstanding achievement.

Mr. Asante, together with other important members of the FirstBank team, such as Grace Isaac Aryee, Treasurer and Chairperson of FirstBank’s Women Network, Ida Appiah (Head of Credit Analysis & Processing), and Herbertha Quansah (Head of Financial Institutions), brought a unique element to the day.

Naa Adokailey Amofa, Head of Human Capital Management & Development at FirstBank Ghana, provided insightful perspectives on career development and the significance of establishing SMART (Specific, Measurable, Achievable, Relevant, and Time-bound) objectives. She mentioned, "currently, we have influenced more than 500 talented young individuals, providing them with vital skills and knowledge to manage their future careers. It is essential for these students to recognize that defining clear goals is the initial step toward realizing their aspirations. I urge each of you to dream ambitiously, back those dreams with practical strategies, and maintain perseverance when facing obstacles. Keep in mind, every major accomplishment starts with one small step, and we are here to assist you along this path."

Throughout the session, participants engaged in multiple workshops centered on leadership development, financial awareness, and building personal brand. They were given a chance to listen to accomplished women from diverse fields who discussed their journeys, obstacles they faced, and how they achieved their current roles. This experience not only inspired the students but also enabled them to imagine the possibilities for their own professional futures.

Jamila Isa Munkaila, the Area Head at FirstBank for Accra West, emphasized the significance of community involvement, stating, "initiatives such as these are crucial for connecting education with practical experiences. Our goal is to motivate these young women to follow their dreams and lead with self-assurance." The gathering also included interactive discussions where students posed questions and received advice from their mentors on the spot. This immediate exchange created a feeling of inclusion and support among the participants, highlighting that they are not isolated in their paths.

As the event came to a close, Mr. Asante highlighted the significance of investing in the personal and professional growth of the youth to collectively build a better future for Ghana. He encouraged all attendees to collaborate, inspire, and empower each other, leaving behind a legacy that will motivate future generations. He also praised the Women’s Network and expressed sincere appreciation to everyone who participated in this initiative, noting that their support brought joy, encouragement, and tangible assistance to many young girls, further demonstrating the bank's dedication to creating an inclusive atmosphere where all individuals can succeed.

Provided by SyndiGate Media Inc.Syndigate.info).

Building the Investment Ecosystem: Strategic Funding Principles for the One Square Mile Series

Building the Investment Ecosystem: Strategic Funding Principles for the One Square Mile Series

– initial investors, private equity, and organizational collaborators

By Sammy CRABBE

No city succeeds just by constructing roads and building towers. Cities that succeed in the modern era create investment ecosystems – interconnected networks of initial investors, venture capital firms, institutional funding sources, accelerators, and innovation centers that foster ongoing development.

The single square mile should not only be built physically; it needs to be financially developed. It has to draw in investors who offer more than just funds, but also connections, knowledge, trustworthiness, and a dedication over time.

A technologically advanced city without a sophisticated financial system is like a castle constructed on sand. The objective of this funding stage is straightforward: establish an investment environment that is robust, purposeful, and mutually reinforcing.

The One Square Mile should not be viewed solely as a real estate project, but rather as a business opportunity. Investors need to understand that they are not purchasing structures – they are investing in Africa's upcoming digital economy center. Early investors must be supported, venture capital must be sought with intention, and institutional funding must be approached with strategy. If the proper financial groundwork is established, money will not just arrive gradually in the city – it will flood in.

Attracting initial key investors – Drivers of progress

Every significant advancement starts with forward-thinking early adopters. For the One Square Mile, obtaining initial key investors is essential not just for financial support but also for creating trust, drawing additional funding, and generating brand enthusiasm. These key players might consist of smart city developers, technology venture capital funds, national wealth funds, diaspora communities, and privately owned equity firms focused on impactful investments.

Systematic, short-term rewards should encourage initial involvement – such as favorable lease agreements, brand recognition opportunities, tax advantages, and entry into innovative programs. However, these incentives need to be in line with the city's principles, making sure that the investment promotes inclusivity, environmental responsibility, and creativity instead of altering the original intent. Choosing investors who offer not only capital but also compatible values and credibility is essential. When executed properly, early supporters transform into advocates and drivers of progress.

Securing investment from venture capitalists and startup financing

The Innovation Hub of One Square Mile, the fintech zone, the smart health system, and the green energy clusters will rely on ongoing startup activities – which, in turn, depend on venture capital. Bringing in VC needs to be a deliberate initiative. The One Square Mile Authority should organize VC Roundtables in locations such as Accra, London, Silicon Valley, and Dubai to highlight new possibilities.

A One Square Mile Innovation Fund might invest alongside local startups, reducing initial financial risks and establishing a flow of innovation. Policies such as favorable startup visas, easier registration processes, and tax benefits for technology investors can also draw interest. Collaborations with groups like AfricArena, VC4A, and ABAN will integrate the One Square Mile into Africa's venture landscape. The goal is to bring in funding that supports entrepreneurs, rather than merely providing financial backing.

Building strong collaborations with organizations for sustained reliability

Although initial investors create momentum, institutional participants – including pension funds, sovereign wealth funds, and DFIs – offer depth and consistency. These collaborators look for good governance, openness, and sustained profits. Infrastructure initiatives – such as fiber networks, water purification systems, transportation, and renewable energy sources – need to be designed to draw in these types of investors.

Long-term leases, annuity systems, and green bonds are likely to attract risk-averse organizations. Clear governance, verified financial reports, public-private partnership structures, and live performance tracking tools will help enhance confidence. Ghana's local pension funds should be utilized initially to establish a domestic example before involving foreign entities. When these institutions invest, they offer more than just funding—they also provide structure, credibility, and oversight.

Designing appropriate financial instruments

To accommodate various investor profiles, One Square Mile needs to create customized investment options. A Real Estate Investment Trust (REIT) would enable wide-scale involvement in the city's real estate growth without requiring direct property ownership. An Infrastructure Debt Fund might appeal to investors looking for steady, contract-based returns in the fixed-income sector.

A Social Impact Fund has the potential to attract funding for affordable housing, education, and local services, achieving a balance between social and financial results. Such funds need to be open about their operations, promoted on a global scale, and in line with worldwide standards to maintain investor trust and ongoing participation.

Branding the investment opportunity

In addition to organizing deals, the city needs to strongly promote itself as an attractive place for investment. This goes beyond sleek advertising – it involves genuine narrative-building: showcasing personal stories, achievements of startups, and key innovation accomplishments. The yearly One Square Mile Investment Summits should bring together investors, business owners, and international media to demonstrate progress.

Participation in international investor gatherings – including the Africa Investment Forum, Abu Dhabi Sustainability Week, and CES – will enhance exposure. By doing so, One Square Mile positions itself not only as an African innovation center, but also as a worldwide attraction for investment.

Conclusion – From a city layout to a capital hub

Successful cities draw more than just technology – they draw faith. By nurturing initial investors, obtaining venture capital, involving institutional collaborators, and creating inclusive investment structures, the One Square Mile can serve as a lure for international funding. Similar to Singapore, Dubai, or Austin, it can develop into a dynamic environment where finance, expertise, and creativity support each other. The One Square Mile should not only focus on being constructed – it should strive to be the most attractive square mile in Africa, providing not only profits, but also transformation and possibilities.

>>>the author is a PhD candidate focusing on blockchains and decentralized finance at the University of Bradford. he possesses an MBA in International Marketing and a postgraduate research certificate from the International University of Monaco. sammy was the inaugural president of the ghana business outsourcing association and pioneered africa's first data entry operation and ghana's first medical transcription company. he can be contacted throughsammyomanye@gmail.com

Provided by SyndiGate Media Inc.Syndigate.info).

Shaping the Golden Future: E&P's Bold Step into Indigenous Mining

Shaping the Golden Future: E&P's Bold Step into Indigenous Mining

By\xa0Samuel Lartey(Prof)

sammylaatey@yahoo.com

\xa0On a sunny afternoon on July 5, 2025, key figures from the business world and government representatives came together for a significant event in Accra.

This is where Engineers & Planners (E&P), a Ghanaian-owned mining and construction company, finalized a significant US$100 million portion of a US$130 million Acquisition Facility Agreement with the ECOWAS Bank for Investment and Development (EBID).

This significant achievement represents Ghana's first major, entirely homegrown gold mining initiative at the Black Volta Gold Project. The remaining US$30 million, as promised by EBID President Dr. George Agyekum Donkor, is expected to be finalized by December 2025. Reflecting a sense of national pride and economic aspiration, this agreement sets the stage for a new chapter in Ghana's resource extraction industry.

Ghana's Recovery Plan: A Route to National Success

The Ghanaian government has consistently promoted a "Resource Efficiency and Self-reliance Transformation" (REST) initiative, which focuses on local control and enhancing value from natural resources. E&P's agreement with EBID is in perfect harmony with REST by:

  1. Boosting Sovereign Wealth

By maintaining complete ownership of the Black Volta Gold Project, Ghana gains more authority over income streams, royalty gathering, and tax collection.

  1. Encouraging Value-Addition

Combining mining operations with local processing enhances financial gains and strengthens technical expertise.

  1. Strengthening Local Partnerships

This deal reflects trust in Ghanaian companies, encouraging international collaborators to form partnerships with less reliance on foreign organizations.

Benefits for Stakeholders: Corporate and Investor Perspectives

For E&P, this purchase speeds up its shift from contract mining to becoming a primary operator. The company now has access to funding, improved facilities, advanced machinery, and extensive knowledge, positioning it as a top gold producer.

EBID investors and local financiers also gain from this, as they secure favorable returns on a gold asset in the development phase with significant potential for increased value. With gold priced at approximately US$1,950 per ounce as of mid-2025, even a cautious annual production estimate of 150,000 ounces results in US$292.5 million in yearly gross revenue.

Reimagining the Upper West Region

The Upper West Region is poised to be the core of this initiative and its broader impacts:

  1. Employment:

Numerous employment opportunities in the fields of mining, engineering, transportation, and services.

  1. Infrastructure:

Construction of roads, electricity, water supply, and medical infrastructure.

  1. Agriculture & SMEs:

Local agricultural producers, transportation companies, and hotel services discover new opportunities for income and expansion.

  1. Skills Development:

E&P will provide training to hundreds of local workers in mining operations, safety protocols, and environmental management.

Boosting Local Content and Ghanaian Families

At the heart of this progress is E&P's dedication to local content, aligning with Ghana's 2021 Local Content and Local Participation Regulation. Initiatives include:

  1. Procurement:

At least 70% of the materials obtained from local Ghanaian companies—covering mining supplies like chemicals, fuel, food services, and lodging.

  1. Training:

Vocational and skill-based education for local young people, promoting the concept of "Ghana First" in developing human resources.

  1. Dividends & Taxes:

Income will be directed into government funds, supporting education, healthcare, and social welfare systems.

Financial Consequences: A Driver of Enduring Development

  1. Project Valuation:

Estimated at US\u202f$200–250 million.

  1. Gold Production:

Estimated 150 to 200,000 ounces per year—equivalent to $300 to $390 million annually in revenue at current prices.

  1. Government Receipts:

Projected annual tax, royalty, and export revenues ranging from US$40 to 60 million.

  1. Economic Multiplier:

A contribution to GDP surpassing US$100 million each year, when taking into account downstream services, infrastructure, and consumption.

Honoring Azuma Resources: A Symbol of Ghanaian Leadership

A standout aspect of this agreement is Azuma Resources, an E&P division headed by energetic CEO Dr. Sarah Koomson. The forward-thinking leadership at the company conducted the technical evaluations, demonstrated confidence in the orebody, and organized the financing that gained EBID's support. This project serves as evidence that Ghanaian companies, not only multinational corporations, are capable of developing, funding, and carrying out top-tier mining initiatives.

Azuma's determination mirrors Ghana's increasing confidence in its resource extraction goals. This significant acquisition goes beyond a simple business success, serving as a strong statement for African autonomy and economic revival in the mining sector.

Conclusion

The US $130 million purchase of the Black Volta Gold Project goes beyond a simple business deal; it represents a courageous statement. Ghana's mining future is driven internally, sustainable, and focused on generating value. With the REST agenda in place, all involved parties united, and regional advantages more evident than ever, this achievement could spark a change in tradition, moving from foreign resource extraction to wealth generation by Ghanaians.

Through the integration of bold investment, community emphasis, and forward-thinking leadership, E&P along with its creative subsidiary Azuma Resources has not only transformed Ghana's mining story but also established a benchmark for locally-led progress throughout Africa.

Provided by SyndiGate Media Inc.Syndigate.info).