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Asante Gold reports US$345million loss for 2025

  Asante Gold Corporation recorded a net loss attributable to shareholders of US$345.44 million for the eleven months ended December 31, 2025, a sharp deterioration from the US$62.18 million loss reported for the previous financial year, according to the company’s audited consolidated financial statements released on March 31, 2026. The financial statements, signed by Director Alex Heath and Director David Anthony, showed that revenue for the period increased to US$482.59 million from US$458.88 million, driven by a higher average gold price realised of US$3,372 per ounce compared to US$2,403 per ounce in the prior year. However, the company sold 143,138 ounces of gold, down from 190,985 ounces in the previous year. Total comprehensive loss attributable to shareholders widened to US$345.44 million from US$62.18 million, while basic and diluted loss per share increased to US$0.55 from US$0.16. Production declines at both mines Gold equivalent production for the period fell to 146,571...
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President Mnangagwa Tours ACARP as Zoomlion, Geo Pomona Sign MOU

 The President of Zimbabwe, H. E. Emmerson Mnangagwa, on Thursday 2nd April, 2026, toured the Accra Compost and Recycling Plant (ACARP) in Accra as part of his State visit to Ghana, describing the facility as a strong example of how technology and local expertise can transform sanitation into opportunity. In his remarks, President Mnangagwa underscored the importance of embracing technology and innovation in addressing sanitation challenges across the continent. He noted that, advances in modern systems were changing how waste was managed and creating new opportunities for value addition and environmental sustainability. He stressed that African countries must leverage knowledge, build local capacity and adopt efficient systems that improve public health while generating employment for young people. The Zimbabwean President said partnerships such as the one between Jospong Group and Zimbabwe's GEO Pomona Waste Management demonstrated what can be achieved through collaboration and s...

Understanding SIGA’s Policy of Encouraging Inter-Trading Among Specified Entities

  The purpose of this piece is to demonstrate that SIGA’s policy of encouraging inter-trading among certain specified entities is lawful in principle, commercially rational, and fully consistent with its mandate to safeguard and enhance the value of the State’s ownership interests. Among others, the policy derives its legitimacy from Ghana’s State Ownership Policy. Properly understood, the policy does not amount to unlawful market interference, nor does it displace the internal decision-making authority of boards and management of the affected entities. Rather, it is a strategic ownership-guidance measure designed to strengthen cooperation within the State’s portfolio, retain economic value within the public asset base, promote efficiency, and support the long-term sustainability of enterprises in which the State has a direct interest. At the heart of the matter is the nature of SIGA’s statutory role. SIGA exists to oversee and administer the State’s interests in specified entities...

Scancom PLC Completes Mobile Money Business Separation

  Scancom PLC (MTN Ghana) announces the completion of the structural separation of its mobile money business, in line with its strategic objective to scale its fintech operations and to comply with the localisation requirements of the Payment Systems and Services Act, 2019 (Act 987). The merger became effective, March 31 st , 2026 , following the satisfaction or waiver of all conditions precedent and receipt of the required regulatory approvals. The transaction involved the statutory merger of MobileMoney Ltd., the former operator of the Company’s mobile money business, with MobileMoney Fintech LTD (MMFL), a newly incorporated entity established to operate the mobile money business in accordance with the Companies Act, 2019 (Act 992). No new shares were issued by MTN Ghana as part of the transaction. MTN Ghana, following the completion of the merger, reiterates the following: The mobile money business is now operated by MobileMoney Fintech LTD. (MMFL) . MTN Ghana’s shareholding st...

23 Selected As Elevate Africa Unveils New Fellowship Class

  Elevate Africa has announced the selection of 23 mid-career professionals from 18 African countries for the 2026 Cohort II of its Elevate Africa Fellowship, a leadership programme designed to strengthen capacity and drive sustainable development across the continent. The organisation said the Fellows were drawn from a competitive pool of over 4,000 applicants, with more than 700 completing the application process, underscoring the growing demand for structured leadership development opportunities in Africa. The Fellowship, an initiative founded by Their Majesties, Ogiame Atuwatse III and Olori Atuwatse III, brings together professionals working across key sectors including education, media, governance, business, climate and social impact. According to Elevate Africa, the selected Fellows cut across five regions, East, West, Southern, North and the Indian Ocean, highlighting the depth of talent and leadership potential across the continent. Speaking on the development, the Media a...

Tsenku Hiking Club Hands Over Refurbished ICT Lab to Tutu Methodist School

Tsenku Hiking Club, a company limited by guarantee, has handed over a fully refurbished ICT laboratory to Tutu Methodist School at a ceremony held on the school’s premises on the Akwapem Ridge. The Obosomase-based club, now in its twelfth year, has been steadily transforming schools across the Akuapem Ridge one project at a time—and this latest handover marks its most ambitious intervention yet. The ceremony was attended by Nana Appiah Anti IV, Tutuhene and Atipimhene of Okuapeman; Mr. Sammi Awuku, Member of Parliament for Akwapem North; Rt. Rev. Dr. John K. Buabeng-Odoom, Superintendent Minister (Mampong Circuit); and Hon. John Evans Kumordzi, Municipal Chief Executive for Akuapem North. The refurbished laboratory is fully equipped with 21 desktop computers, as well as student desks and chairs (seating 40), creating a conducive environment for teaching and learning. The project, valued at over GH₵150,000, was funded through donations raised during the 2025 Madness Walk—primarily from ...

Ruto Unveils Nuclear Power Plan to Drive Kenya’s Energy Expansion and Industrial Growth

  President William Samoei Ruto has outlined an ambitious plan to transform Kenya ’s energy landscape through the adoption of nuclear power, positioning it as a cornerstone of the country’s long-term economic and industrial strategy. Speaking at the International Conference on Nuclear Energy 2026 in Nairobi , the President announced that Kenya aims to more than triple its installed electricity capacity from 3,300 megawatts to at least 10,000 megawatts within the next five to seven years. Of this, 3,000 megawatts will be generated from nuclear energy. As part of the roadmap, construction of a 2,000MW nuclear power plant in Siaya County is expected to begin in 2027, with commissioning targeted for 2034. President Ruto underscored the central role of energy in national development, stressing that reliable power supply is critical to unlocking industrial growth and economic transformation. He noted that  “Energy is the lifeblood of industrialisation, innovation, and economic tran...