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
Accounting officers should be held accountable

Particular trepidations lie with the seemingly embedded nature of embellishing tender sums, in most cases without the barest minimum of authority. The worrying thing is that the inflated amounts run into millions of pula across the government ministries and departments. The Auditor General’s report of March ending 2022, which we cover extensively in this edition, paints a gloomy picture on management of the government coffers. It depicts the...

Have a Story? Send Us a tip
arrow up