BPOPF takes bigger stake in Tlou Energy

Tlou Energy is set to pioneer the country's first CBM poer station PIC: TLOUENERGY.COM
Tlou Energy is set to pioneer the country's first CBM poer station PIC: TLOUENERGY.COM

Botswana Public Officers Pensioners Fund (BPOPF) has recently increased its stake in Tlou Energy Limited to 10.4%, snapping up P21 million worth of additional shares in the upcoming natural gas developer.

The increased investment is a vote of confidence for Tlou, which is a front-runner in government’s pending contract for the construction of a 100-megawatt Coal Bed Methane power station.

The BPOPF, which is the country’s largest pension fund with approximately P60 billion in assets, previously held a 4.6 percent stake in Tlou.

Editor's Comment
Let the law take its course

When the news broke, a fierce debate ensued. While some members of the public believe that the law should take its cause, there is a section of the population that believes the move to detain the MP is politically motivated.Matsheka has been in the custody of the Directorate of Intelligence and Security since August 2 and the warrant of arrest was allegedly obtained on August 4, two days later.The issue of alleged ritual murders has never been an...

Have a Story? Send Us a tip
arrow up