Kibo Energy Enters into Agreement for Sale of its Coal Interest in Botswana Coal-Based Power Project (“the Project”)
Kibo Energy PLC (AIM: KIBO; AltX: KBO), the renewable energy-focused development company,
is pleased to announce that pursuant to the Company’s declared strategy to divest of all its coal assets,
Kibo has entered into a definitive share sale agreement (“the Agreement”) with Shumba Energy (Pty)
Ltd (‘Shumba’) for the sale of the Company’s remaining 35% equity holding in Kibo Energy
Botswana Pty (Ltd) (“Kibo Energy Botswana”) in which Kibo held its interest in the coal resources
associated with the Project