Zambian firm snaps Sese Power Project up

Sese and Mmamantswe coal deposits map
Sese and Mmamantswe coal deposits map

Zambia’s largest foreign investor, First Quantum Minerals (FQM), is to buy a controlling stake in African Energy’s 300MW Sese Power Project near Francistown through equity and debt instruments.

In a statement released this week, the two companies announced that they had signed a binding Heads of Agreement (HoA).  

Under it (HoA), FQM can earn 75 percent interest in the Sese project through an investment of A$20 million (P170 million) and other loan arrangements.

Editor's Comment
Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

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