African Energy seals Sese disposal deal
Thursday, January 15, 2015
Under this deal, FQM will purchased 51 percent stake in the power project located in the central district for $8 million (P76 million). A statement from the Botswana Stock Exchange (BSE) listed company states that all conditions precedent to the conclusion have been met. “FQM will now purchase an initial 51 percent stake in African Energy Holdings and will become project manager for the Sese project,” reads the statement.
Under the agreement, FQM can earn 75 percent interest in the Sese project through an investment of $20 million (P170 million) and other loan arrangements.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...