African Energy seals Sese disposal deal

African Energy has concluded negotiations for a deal to sell a majority stake in its flagship Sese coal and energy project to a Zambia company, First Quantum Minerals (FQM).

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.

Editor's Comment
Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

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