Funders rally around Botswana's coal dreams

Mineral Resources, Green Technology and Energy Security minister, Lefoko Moagi says contact has been made with funders and other wealthy investors who are potentially interested in helping Botswana exploit its estimated 200 billion tonnes of coal.

The minister told BusinessWeek bankers at the Mining Indaba, which ended last week in Cape Town, had responded well to Botswana’s plans for its mammoth coal resources.

Worldwide, major project funders such as the World Bank, International Monetary Fund, African Development Bank as well as numerous large commercial banks have cut back or stopped financing new coal projects in line with global commitments on reducing carbon emissions.

Editor's Comment
Deficit relief must not invite complacency

“Financial freedom is more of ajourney than a destination.”– Rob BergerThe preliminary 2026–2027 budget deficit has been revised down to P9 billion, which is an equivalent to 3.1 percent of Gross Domestic Product (GDP). It is an improvement from the P26 billion or 8.9 percent of GDP projected in February.This P17 billion improvement is significant and deserves acknowledgement.Government’s restraint on non-essential expenditure, tighter...

Have a Story? Send Us a tip
arrow up