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By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The administration of Uganda and the UK has approved a convenient consensus that gears towards the country’s devotion to nurturing and broadening enterprises in off-grid solar alternatives for people as rejected to reliance on hydro and fossil fuel-based grid. It was accepted that, the grid electrification could not enhance admission to purify stability for Ugandans, primarily for susceptible organizations such as women, youth and others where more than 80% of the public survive on biomass power and other dirty sources. The treaty was a commendation that, grid electricity and purpose of fossil energies were the largest impediments to enhancing healthy stability admission to boost the living precepts of...

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN) Accra- Ghana, AngloGold Ashanti bolstered its available liquidity to more the US$2bn, improved leverage and more than treble first quarter cash flow from operating activities as key mines delivered solid performances. However, free cash flow before growth capital increased 231% year on year to $94 million, the company said. “Cash flow is strong, leverage is down, and all operations are running,” Chief Executive Kelvin Dushnisky said in a statement. AngloGold has resumed operations at affected mines, leading with South African mines able to produce at 50% capacity after the government lifted an order for most underground mines and furnaces to be put on care and maintenance as part of a nationwide lockdown. AngloGold has also...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- The Volt Resources project constitutes six warrants in the spawning Siguiri Basin with a cumulative area of 388 km2. The Firm is also confirming an equity of $800,000 before expenses through an investment placement to elegant investors. The authorizations are found in the Suguiri Basin which constructs fraction of the richly mineralized West African Birimian Gold Belt. Slating for research, works on other licenses examined are already underway and supplementary evidence will be furnished in succeeding weeks. Supposedly, Volt will remain to advance its graphite business blueprints and the established Stage 1 development funding program in relation to its Bunyu Graphite Project in Tanzania. The expansion of a...

By Abdul Rahman Bangura– NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- Airtel Africa owing to its productive service delivery across Africa, has registered dividend g from migratory money and data services across its performances in Africa, though a one-off tax payment to Nigerian approvals blunted net profit in its first annual results since IPO. Airtel which regulates in fourteen regions, broadcasted a comprehensive continued improvement with Nigeria and East Africa placing a robust achievement, as Francophone Africa exhibited renewed modification; primarily in the fourth quarter. In its fiscal year that broke off in March, 2020 the corporation secured a year-on-year jump of 36% in data earnings to $930 million, and a 33% increase in takings from transferable money to $311...