Kibo secures R22m for African power projects
Kibo, which trades on the JSE and London’s AIM, will use the funds to address acute power shortages in Mozambique and Tanzania
25 June 2020 - 13:34
Power project developer Kibo Energy has secured R22m in funding from an investment consortium to develop energy projects, primarily in Africa.
Kibo a small-cap company that trades on the JSE as well as London’s alternative investment market (AIM), said on Thursday that it has signed a binding term sheet with an investment consortium consisting of several wealthy entities and individuals — including two major Kibo shareholders — for up to £1m...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.