16 °c
London
Monday, April 19, 2021
No Result
View All Result
FurtherAsia FurtherArabia FurtherBrazil FurtherRussia
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Kibo Mining raises £500k for projects in Mozambique and Botswana

FurtherAfrica by FurtherAfrica
August 2, 2018
in Africa, Botswana, Capital Market, Coal, Development, Economy, Finance, Mining, Mozambique
Reading Time: 1 min read
0
UK further assures of rebuilding Zimbabwe
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Kibo Mining will raise half a million pounds sterling by issuing 9.5 million new shares at a unit price of 5.25p and placing it with an Irish-based investment fund, the mining company said in a market statement on Monday.

The funds raised by this share issue will be used to speed up the economic feasibility studies being conducted for the Mabesekwa Independent Coal to Power electricity projects in Botswana and Benga Independent Power in Mozambique.

Kibo Mining’s shareholders also approved the change of the official name of Kibo Mining to Kibo Energy, “a designation that better reflects the fact that the company has stopped focusing on the exploration of natural resources to become an energy company.”

Kibo Energy, a company listed in London and Johannesburg, announced last June that it had completed preparations for a partnership with Mozambican power plant company Termoeléctrica de Benga to develop an independent power generation project in the province of Tete, central Mozambique.

Source: macauhub

Related

Tags: Benga Independent PowerBotswanaFeatureIrish-based investment fundJohannesburgKibo EnergyKibo MiningLondonMabesekwa Independent CoalMozambiquePower electricity projectsTermoeléctrica de BengaTeteботсванамозамбикبوتسواناموزمبيقボツワナモザンビーク博茨瓦纳莫桑比克
ScanSendShare320Tweet200Share56Pin72Send
Previous Post

Moody’s downgrades Zambia’s credit rating

Next Post

Angola’s Sodiam nets US$316M revenues in second quarter

FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Africa Oil & Power transforms into Energy Capital & Power
Energy

Africa Oil & Power transforms into Energy Capital & Power

by FurtherAfrica
April 19, 2021
SADC technical commission at work in Mozambique
Mozambique

SADC technical commission at work in Mozambique

by Club of Mozambique
April 19, 2021
Currency

Zimbabwe considering bank fines, suspensions over currency gouging

by Staff
April 19, 2021
gas processing plant Angola
Angola

Angola to launch oil and gas licensing round on April 30

by Duarte Marques da Cruz
April 19, 2021
Where To Invest In Africa 2020 – RMB Report
Economy

Sub-Saharan Africa’s economic growth set to recover in 2021 – IMF

by FurtherAfrica
April 19, 2021
Next Post
Lucapa talks up Angola despite Endiama’s tight grip on control

Angola's Sodiam nets US$316M revenues in second quarter

Angola: New mining projects increase exchange rates in country

Australian firm expects to earn $126m from Tanzanian graphite project

Zimbabwe’s gold output up to 24.8 tonnes in 2017

Acacia Mining records 15% drop in earnings for H1

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2021 AFSIC
2022 Indaba Mining

FurtherAfrica Partners

The Exchange Club of Mozambique Taarifa Rwanda
CrudeMix Africa TechGist Africa Farmers Review Africa
Botswana unplugged Financial Insights Zambia Africa Oil & Power
Harambee Africa Novafrica  

Subscribe to FurtherAfrica

Enter your email address to receive notifications of new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

© 2021 FurtherMarkets

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?