Kibo Energy has signed a corporate finance engagement letter with Wimmer Financial, which will advise Kibo on and manage all aspects related to the structuring and provision of a project finance corporate credit line facility of up to $900-million which could form part of a broader funding package for the construction and commissioning of Kibo’s African energy projects as they approach a final investment decision. Under the terms of the engagement letter, Wimmer will be the exclusive sole global debt corporate finance adviser for all Kibo’s African project, except for its Mbeya coal-to-power project, in Tanzania, where it will not enjoy any exclusivity.
