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Tlou Energy raises additional funds for Lesedi project

Tony Gilby PIC: MORERI SEJAKGOMO
Tony Gilby PIC: MORERI SEJAKGOMO

Tlou Energy, the Australian-Botswana focused energy extraction company, said last week it had raised additional funds from sophisticated Australian investors to fund the development of its Lesedi project.

When complete, the Lesedi is set to become Botswana’s first project to derive electricity from gas.

The company which is listed on both the Australian and Botswana bourses dded in a filing it had placed 5,714,284 new ordinary shares of no par value at an issue price of P0.30 per share and raised A$200,000 (P1.74 million) .

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That should concern every Motswana. The implications extend far beyond cattle and farmers. Botswana’s beef industry is a critical pillar of the economy, supporting thousands of households and sustaining businesses along the value chain.The loss of access to lucrative export markets has already demonstrated how quickly an animal-health crisis can become an economic crisis.This is, therefore, not the time for complacency, blame, or political...

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