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.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

mining

MDCB to acquire stake in Botala Energy

Explore

More

BGI under fire over multi tenders awarded to one consultancy

Political fame costs family time

Mogae: The intellectual democrat

BDF sheds off bad boy tag for Mogae

Botswana, SA demand results in agreements

SA seeks increased presence of Botswana companies

Faulty DPP bid to seize dead man’s assets collapses

Poultry sector shake-up signals new era for citizen entry

Warm relations must not come at the expense of fair trade