Shumba Coal to debut on Mauritius bourse
Tuesday, May 06, 2014
The company plans using the bourse in the tourism haven as an alternative fund raising platform for the local coal focused miner.
In a statement released to the Botswana Stock Exchange (BSE) yesterday, the company said the Stock Exchange of Mauritius has granted approval to Shumba Coal Limited for the private placement and admission of up to 50,000,000 new ordinary shares at a price of $0.12 per share. This represents a value of $6 million (P51 million). The offer will start on May 27, 2014.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...