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Pwan Rejects Sec’S Ponzi Scheme Allegations
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The management of PWAN Group has denied allegations by the Securities and Exchange Commission that its real estate buy-back transactions bear the characteristics of a Ponzi scheme. In a statement provided to our correspondent by the firm on Thursday, PWAN characterized the SEC’s stance as “incorrect and deceptive,” underscoring that their project constitutes a…
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Perseus Mining Transfers Gh₵73M Dividend To State: International Edition
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Perseus Mining (Ghana) Limited has paid a dividend of GH₵73.5million – approximately US$5million –\xa0 to government for the 2024 financial year. Perseus declared a total dividend of US$50million for the 2024 financial year. The state has a 10 percent carried interest through the Ministry of Lands and Natural Resources. Speaking during the presentation of…
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Anglogold And Gold Fields Halt Merger Talks, Focus On Independent Growth
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AngloGold Ashanti Plc and Gold Fields Ltd. have halted discussions regarding a potential joint venture aimed at combining their adjacent Iduapriem and Tarkwa gold mines in Ghana. Instead, they will concentrate on enhancing the performance of their respective operations. On Tuesday, May 6, 2025, the two leading mining companies declared their choice after over…
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Birla Corporation Unveils Robust Q3 Performance And Expansion Plans Ahead
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VMPL Kolkata (West Bengal), India – May 10: Birla Corporation Limited closed FY24-25 with strong quarterly output and sales volumes, leading to a combined net profit of Rs 257 crore for the March quarter, marking a 33% increase compared to the previous year. This improvement followed three difficult quarters that impacted the whole sector.…
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Afd Launches Direct Investments In Morocco’S Southern Provinces, Strengthening Franco-Moroccan Ties
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Remy Rioux, CEO of the French Development Agency (AFD), declared on Saturday that the organization plans to start making direct investments in Morocco’s southern regions beginning this year. This move aligns with a pledge made earlier by French President Emmanuel Macron during his recent official trip to the country. Representing Laayoune, Rioux highlighted that…