Ghanaian tycoon Ibrahim Mahama completes $100 Million Azumah Gold acquisition
Ghanaian businessman Ibrahim Mahama cements his position in the mining sector with a $100 million takeover of Azumah Resources
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Ghanaian businessman Ibrahim Mahama cements his position in the mining sector with a $100 million takeover of Azumah Resources
The acquisition followed the transfer of all issued shares from Azumah Resources Ghana Ltd. and Upwest Resources Ltd., according to filings with Ghana’s Registrar of Companies.
Ibrahim Mahama’s $100 million deal backs Ghana’s first large-scale, locally owned gold mine, shifting control from foreign to local hands.
Mahama is transforming multiple sectors across Africa with his dynamic business ventures, from mining to agriculture, while championing philanthropy and economic development.
Mahama, 52, is one of Ghana’s richest men and the founder of Engineers & Planners.
Mahama, the founder of Dzata Cement, will set up an assembly plant in Ghana under the French vehicle manufacturer.
The NDC is a political party in Ghana founded by the late former President Jerry Rawlings.
It has thus far been dominated by foreign players.