Kibo shareholders to vote on reorganisation of share capital as Covid-19 disrupts operations

Owing to the adverse impact of the Covid-19 pandemic on international business and the uncertainty surrounding the global economic outlook, Africa-focused energy company Kibo Energy is re-evaluating its business plans, partly involving the potential reorganisation of its share capital. The share capital reorganisation forms part of Kibo’s consideration of how the company can be best positioned to move forward when the current restrictions on business activities are relaxed or removed.