African Alliance invests in CBM power venture

Going green: African Alliance CEO Sean Rasebotsa
Going green: African Alliance CEO Sean Rasebotsa

Leading local fund managers, African Alliance Botswana will invest P33 million in Tlou Energy Limited, a company that is at an advanced stage of developing the country’s maiden gas-fired power project.

The investment, which will see African Alliance holding a 6.5% stake in the fledging energy company, is subject to Tlou listing on the Botswana Stock Exchange (BSE) next month.

Tlou which is already listed in Australia (ASX) and London (AIM), has the most advanced Coal Bed Methane (CBM) project in Botswana with its the Lesedi Project in the central district benefitting from an independently certified Contingent Gas Resources of 3.2 trillion cubic feet (3C) and independently certified Gas Reserves of 261 billion cubic feet (3P).

Editor's Comment
The corrupt must be punished

The findings reveal a disturbing pattern of misconduct and lack of transparency that cannot be ignored.The Tribunal, led by Judge President Justice Kabelo Lebotse, has rightly condemned the Ministry for its eyebrow raising conduct in awarding a P1.8 billion water tender to China Civil Engineering Construction Corporation (Pty) Ltd and Zhong Gan Engineering & Construction Corporation (Pty) Ltd.The award was made despite alleged clear evidence that...

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