Africa-focused energy company Kibo Energy has signed the first of a series of agreements to implement the heads of agreement (HoA) with Shumba Energy to reorganise the arrangements for the Mabesekwa coal independent power project (MCIPP) and its associated coal asset in Botswana. The signed shareholder agreement concludes the restructuring of the first Botswana subsidiary company, Kibo Energy Botswana (KEB), in which Kibo holds a 35% interest.
