Funders rally around Botswana's coal dreams

On the trail: Moagi says investors are interested in local coal PIC: MORERI SEJAKGOMO
On the trail: Moagi says investors are interested in local coal PIC: MORERI SEJAKGOMO

Mineral Resources, Green Technology and Energy Security minister, Lefoko Moagi says contact has been made with funders and other wealthy investors who are potentially interested in helping Botswana exploit its estimated 200 billion tonnes of coal.

The minister told BusinessWeek bankers at the Mining Indaba, which ended last week in Cape Town, had responded well to Botswana’s plans for its mammoth coal resources.

Worldwide, major project funders such as the World Bank, International Monetary Fund, African Development Bank as well as numerous large commercial banks have cut back or stopped financing new coal projects in line with global commitments on reducing carbon emissions.

Editor's Comment
Who watches the watchdog?

For a fact, in a democratic society such as Botswana, the media plays a crucial role of being watchdog, holding the powerful to account and exposing all possible wrongdoing for the benefit of the public.There has been a nagging question about who watches the watchdog after all? Perhaps, the investigations into alleged wrongful acts implicating those supposed to be playing the watchdog role will shed more light into what has happened such that the...

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