Tlou Energy raises additional funds for Lesedi project
Monday, April 03, 2023 | 330 Views |
Tony Gilby PIC: MORERI SEJAKGOMO
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) .
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...