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.

Green power: The country is advancing various renewable energy projects

Govt inks $4bn renewable energy deal with Indian firm

Mbongeni Mguni | 21 h ago

Detained Mexican 'Drug Kingpins' wanted in Mozambique

Larona Makhaiza | 21 h ago

Greater Gaborone gets P534m hi-tech traffic eye

Larona Makhaiza | 21 h ago

Ramogapi, Palapye’s dapperly garbed legislators

Ryder Gabathuse | 12 Dec 2025

Citizenship isn't for sale—Mokgware

Goitsemodimo Kaelo | 2d ago

Intervene early, don't rely on death penalty—Boko

Opelo Rakereng | 2d ago

Micro-procurement maze demands urgent reform

The Monitor Editor | 2d ago

Christmas tree charcuterie

Michelle Phetlhe | 2d ago

Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

The Monitor Editor | 16 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.

Govt inks $4bn renewable energy deal with Indian firm

Detained Mexican 'Drug Kingpins' wanted in Mozambique

Greater Gaborone gets P534m hi-tech traffic eye

Ramogapi, Palapye’s dapperly garbed legislators

Citizenship isn't for sale—Mokgware

Intervene early, don't rely on death penalty—Boko

Micro-procurement maze demands urgent reform

Christmas tree charcuterie

Micro-procurement maze demands urgent reform