Kibo Mining acquires 85% stake in Botswana power project

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Multi-asset Africa-focused energy and resource company, Kibo Mining, has announced it has completed the acquisition of an 85% interest in the Mabesekwa Coal Independent Power Project (MCIPP) with Sechaba Natural Resources Limited.

Located in Botswana, the project  complements Kibo’s Mbeya Coal to Power Project (MCPP) in Tanzania and is in line with the Company’s broader strategy to position itself as a strategic regional energy company focused on tackling the acute power shortage, particularly in Southern Africa.

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