Kibo Energy (KIBO) Reorganization of the Mabesekwa Coal Independent Power Project Arrangements (“MCIPP”) September 25, 2019 – Posted in: Kibo Energy (KIBO)

Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to announce that is has signed a binding Heads of Agreement (‘the Agreement’) with Shumba Energy Ltd (‘Shumba’) and various subsidiaries of each party (‘the Parties’) to reorganise the arrangements for  the MCIPP and its associated coal asset in Botswana. Kibo and Shumba hold 85% and 15% interests respectively in Kibo Energy Botswana (Pty) Ltd (“KEB”), the company currently holding the MCIPP which consists…

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