BMWU’s Leru Energy seeks market traction
Friday, September 16, 2022 | 1370 Views |
Green shoots: Leru Energy aims to challenge its rivals in the energy sector PIC: FACEBOOK
Leru is a 100% citizen-owned firm whose owners are Badirakhumo Investments, a BMWU company and Southern African Stones (Pty) Ltd, a private entity. The two companies enjoy equal shareholding in the energy company.
The new firm’s goal is to provide solutions in the oil and gas sector, as well as technologies for green energy, clean coal and other renewables as well as training. Leru plans to supply 10% or more of local mines’ fuel requirements, supplying lubricants, liquefied petroleum gas, industrial gas as well as medical-grade oxygen energy. The company is also targeting mining institutes operational in the country.
“I believe that free but fair trade isan absolute imperative”– John E. JamesFor two countries bound by geography, history and deep economic ties, periods of diplomatic strain serve neither side well. President Duma Boko’s efforts to restore momentum to relations with Pretoria deserve recognition, particularly at a time when Southern Africa faces shared challenges ranging from sluggish economic growth and unemployment to energy security...