MDCB to acquire stake in Botala Energy :: Mmegi Online

Botswana Stock Exchange-listed (BSE) Botala Energy Ltd, has received a major boost for its Liquefied Natural Gas (LNG) ambitions in Botswana, with the government’s mining investment arm, the Minerals Development Company Botswana (MDCB), reportedly confirming its intention to acquire a 15% equity interest in the Serowe Coal Bed Methane (CBM) Project.

Botala directors said the decision marks a significant vote of confidence in the commercial and technical potential of the Serowe CBM Project, following an in-depth review by MDCB. The investment will be made under Section 40 of the Mines and Minerals Act, which allows the government to take an ownership stake in strategic mining and energy projects.

The directors said Botala Energy has received an initial Term Sheet from MDCB, which remains confidential pending the completion of final agreements. The transaction’s completion is subject to the signing of detailed operating agreements—expected between November and December 2025—and approval by the MDCB Board and its shareholders.

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