mmegi

Tlou Energy falls short of fundraising target

Wednesday, June 21, 2023 | 1090 Views |

Coming soon: Tlou Energy has a 10MW contract with the Botswana Power Corporation

Tlou Energy, the country’s most advanced Coal Bed Methane (CBM) developer, recently raised A$6.58 million (P57.1m) through an offer of additional equity to shareholders, an amount below the A$10.6 million (P92.6m) the firm was hoping to get.

Known as an 'entitlement offer' Tlou had planned to use the proceeds from the fundraising to finance the company’s Lesedi Project, which is set to become the country’s first commercial CBM plant, opening up a new ecosystem of electricity generation in Botswana.

The bid however underperformed with the majority of the funding, or A$5 million (about P45m) coming from the underwriter of the transaction.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Selefu

4 h ago

BNF opens doors to returnees

Tsaone Basimanebotlhe | 12 Dec 2025

BCP rises strongly, BDP falls as UDC wins

Tsaone Basimanebotlhe | 12 Dec 2025

Sowa Town council raises P1.5 million as financial pressures mount

Tsaone Basimanebotlhe | 12 Dec 2025

Police crackdown on bars, other businesses sparks backlash

Lesedi Mkhutshwa | 12 Dec 2025

From debate to digital warfare: Botswana’s crisis of democratic discourse

THOMAS NKHOMA | 12 Dec 2025

BTC reaches seven-year high on BSE

Mbongeni Mguni | 12 Dec 2025

Discovering serenity: A Journey to Manong Game Lodge

Nnasaretha Kgamanyane | 12 Dec 2025

Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

Mmegi Editor | 12 December 2025

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Tlou Energy falls short of fundraising target

Tlou Energy, the country’s most advanced Coal Bed Methane (CBM) developer, recently raised A$6.58 million (P57.1m) through an offer of additional equity to shareholders, an amount below the A$10.6 million (P92.6m) the firm was hoping to get.

Selefu

BNF opens doors to returnees

BCP rises strongly, BDP falls as UDC wins

Sowa Town council raises P1.5 million as financial pressures mount

Police crackdown on bars, other businesses sparks backlash

From debate to digital warfare: Botswana’s crisis of democratic discourse

BTC reaches seven-year high on BSE

Discovering serenity: A Journey to Manong Game Lodge

Human rights are sacred