How Kibo plans to become a regional energy player
The mining exploration firm has transformed itself into an energy player, with power projects in the pipeline in Tanzania, Botswana and Mozambique
Minerals exploration and development company Kibo Mining has embarked on an extreme makeover, and in 2018 emerged as Kibo Energy, with three African power projects now in its stable as well as a UK energy firm. It’s been a defining year for the company, which was founded in 2008 and is based in Ireland with a primary listing on the London Stock Exchange’s Alternative Investment Market. Kibo also has a secondary listing on the JSE’s Alt-X. CEO Louis Coetzee took up the post as head of Kibo Mining in 2012. “At that time, the only asset the company had was a huge portfolio of exploration licences, all in Tanzania,” he said. Kibo began to package its assets into gold, nickel, coal and uranium, and in that that process sold off some licences. But it was the opportunities for energy in Africa which became increasingly clear, Coetzee says. “Access to energy was a challenge even we had in developing our own projects. We saw a tremendous opportunity to get into the energy sector.” The compan...
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