Shumba Energy Ltd.

11/27/2018 | Press release | Distributed by Public on 11/27/2018 05:14

Kibo Mining’s acquisition of 85% stake in Botswana project completed

JOHANNESBURG (miningweekly.com) - Multi-asset Africa -focused energy and resources company Kibo Mining has completed the acquisition of an 85% interest in the Mabesekwa Coal Independent Power Project(MCIPP), in Botswana, from Sechaba Natural Resources.

This project complements Kibo's Mbeya coal-to-powerproject, in Tanzania, and is in line with the company's broader strategy to position itself as a strategic regional energy company focused on tackling the acute power< /a>shortage in Southern Africa.

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