Funders rally around Botswana's coal dreams
Friday, February 14, 2020
![On the trail: Moagi says investors are interested in local coal PIC: MORERI SEJAKGOMO](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2020/february/14/phpbDrJfI.jpg&w=400&q=72&f=jpg&t=1)
On the trail: Moagi says investors are interested in local coal PIC: MORERI SEJAKGOMO
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.
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...