Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksKibo Energy Share News (KIBO)

Share Price Information for Kibo Energy (KIBO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.035
Bid: 0.03
Ask: 0.04
Change: 0.00 (0.00%)
Spread: 0.01 (33.333%)
Open: 0.035
High: 0.035
Low: 0.035
Prev. Close: 0.035
KIBO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Kibo Energy Mulls Move To African Renewable Energy Projects In Future

Tue, 04th Feb 2020 11:17

(Alliance News) - Kibo Energy PLC said Tuesday it will continue to progress its projects in Africa and the UK, as it looks to start developing more sustainable power projects in the future.

The Africa-focused energy firm said it will advance its three utility-scale power station projects in Africa, which are expected to contribute a significant amount of energy to the continent itself.

In addition, Kibo's UK subsidiary MED remains on track to commission its inaugural flexible power site in Bordersley.

"It goes without saying that the African continent is in dire need of reliable, modern, affordable and sustainable energy given its rapid economic and population growth. As highlighted in a report by the International Energy Agency, today some 600 million people do not have access to electricity and around 900 million people lack access to clean cooking," said Chief Executive Officer Louis Coetzee.

"In the short to medium term, clean coal projects must continue to play a key role in providing power to help fill the immediate needs given it is still the cheapest, most reliable electrical energy source. However, it is imperative in the mid to longer term to deliver sustainable power projects. Kibo has taken on this challenge and aims to lead from the front, integrating renewable technology with the traditional base load generation solutions in a practical and affordable manner," Coetzee added.

Shares in Kibo Energy - which is based in Galway, Ireland - were down 2.4% at 0.488 pence on Tuesday in London, while its Johannesburg shares remained untraded at ZAR0.11.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
15 Dec 2023 21:26

EARNINGS AND TRADING: Smoove says acquisition by Digcom approved

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Read more
11 Dec 2023 08:14

Mast Energy gets confirmation of GBP2 million initial JV payment

(Alliance News) - Mast Energy Developments PLC on Monday said it has received "sufficient" verbal and written confirmation from joint venture partner Proventure Holdings (UK) Ltd, and other funders that the initial interim payment of GBP2 million will be paid between this coming Friday and Wednesday next week, subject to signature of definitive agreements.

Read more
7 Dec 2023 15:30

IN BRIEF: Kibo Energy faces stiff dissent at annual general meeting

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says 35% of shareholders reject resolutions on allotted equity securities, memorandum of association, and the articles of association of the company at an annual general meeting held on Thursday. These motions do not reach the minimum threshold of 75%. Failure to win approval for the memorandum of association and the articles of association of the company means the company cannot be updated at the companies registration office to reflect the reduction in par value and the increase in the authorised capital. Says all other resolutions are approved as they exceeded the required threshold of 50%, with around 24% opposing the re-election of Non-Executive Director Ajay Saldanha.

Read more
1 Dec 2023 10:46

Mast Energy "very disappointed" as Proventure skips JV payments

(Alliance News) - Mast Energy Developments PLC shares fell on Friday as it and Kibo Energy PLC said joint venture partner Proventure Holdings (UK) Ltd has failed to make payments needed to complete the deal.

Read more
1 Dec 2023 09:21

Kibo says joint venture partner missed payment deadline

(Sharecast News) - Kibo Energy announced on Friday that its subsidiary Mast Energy Developments (MED) has issued a formal notice of enforcement to Proventure Holdings UK for failing to meet the binding joint venture agreement (JVA) conditions.

Read more
30 Nov 2023 15:29

UK shareholder meetings calendar - next 7 days

Friday 1 December 
Croma Security Solutions Group PLCAGM
HeiQ PLCGM re annual report approval
James Halstead PLCAGM
More Acquisitions PLCGM re capital raise
Myanmar Investments International LtdGM re cancellation to trading on AIM
Plaza Centers NVAGM
ScS Group PLCAGM
Monday 4 DecemberGM re additional listing on the NYSE
Diversified Energy Co PLCGM re purchase of 15% of the company's own shares
Palace Capital PLCAGM
PRS REIT PLC 
Tuesday 5 DecemberAGM
450 PLC 
Wednesday 6 December 
Alternative Liquidity Fund LtdAGM
Bowleven PLCAGM
Gattaca PLCAGM
STM Group PLCcourt meeting and EGM re takeover by Pension SuperFund Capital
VinaCapital Vietnam Opportunity Fund LtdAGM
Virgin Wines UK PLCAGM
Thursday 7 December 
Asia Dragon Trust PLCAGM
Bioventix PLCAGM
Darktrace PLCAGM
Doric Nimrod Air Two LtdAGM
essensys PLCAGM
Fidelity Emerging Markets LtdAGM
GS Chain PLCAGM
Haydale Graphene Industries PLCAGM
Kibo Energy PLCAGM
Kin & Carta PLCAGM
Lok'n Store Group PLCAGM
Parity Group PLCGM re sale of Parity Professionals to Network Ventures
Supermarket Income REIT PLCAGM
Westmount Energy LtdAGM
YouGov PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
13 Nov 2023 12:14

Mast Energy says Proventure delays GBP2.0 million initial payment

(Alliance News) - Mast Energy Developments PLC said it had extended the date for Proventure Holdings (UK) Ltd to make initial payment of GBP2.0 million to between November 15 and November 30.

Read more
26 Oct 2023 09:08

IN BRIEF: Kibo Energy sells portion shares received from UK unit Mast

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Sells a portion of shares it received from its subsidiary Mast Energy Developments PLC. Disposes of 20.3 million shares, netting GBP259,845. Says it will use the cash for its on-going working capital needs, and to reduce its bridge loan facility with RiverFort Global Opportunities PCC Ltd. The share sale comes after Mast Energy early this month issued 31.6 million new shares to Kibo to partially settle a loan. The share payment amounted to GBP469,000. Kibo now owns 48% of Mast Energy, down from 56%.

Read more
23 Oct 2023 11:45

Mast Energy signs definitive joint venture pact with Proventure

(Alliance News) - Mast Energy Developments PLC said on Monday it had signed a "replacement first definitive and binding joint venture agreement" with Proventure Holdings (UK) Ltd.

Read more
5 Oct 2023 15:07

Kibo Energy partially settles outstanding shareholder loan

(Sharecast News) - Kibo Energy announced on Thursday that it had received 31,646,424 new MED shares at a deemed price of 1.482p each as part of a partial settlement of £0.47m from its subsidiary, Mast Energy Developments (MED).

Read more
5 Oct 2023 11:07

IN BRIEF: Mast Energy offers new shares to partially settle Kibo loan

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says its subsidiary Mast Energy Developments PLC has issued 31.6 million new shares to Kibo to partially settle a loan. The payment in the form of shares amounts to GBP469,000. Says the remaining outstanding shareholder loan owed by MED is now GBP762,535. Following the partial settlement, Kibo will hold 147.8 million shares, or 56.02% interest, in MED.

Read more
4 Oct 2023 13:43

Kibo agrees sale of Botswana coal power project share

(Sharecast News) - Kibo Energy made a significant step in divesting its coal assets on Wednesday, striking a definitive share sale agreement for its coal interest in the Botswana power project with Shumba Energy.

Read more
4 Oct 2023 07:44

IN BRIEF: Kibo Energy to sell stake in Botswana coal power project

Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Agrees to sell its 35% interest in Kibo Energy Botswana Pty to Shumba Energy (Pty) Ltd for USD375,000. Says the disposal of the remaining stake in the Botswana coal-based power project is part of its plan to divest of all its coal assets. Kibo Energy Botswana consists of the Mabasekwa coal to power project, which had a nil carrying value as at December 31 with an associated loss before tax of GBO3.56 million.

Read more
29 Sep 2023 09:15

Kibo Energy interim loss narrows, but still faces liquidity crunch

(Alliance News) - Kibo Energy PLC on Friday reported its first-half loss narrowed as the renewable energy group continued to face a liquidity crunch.

Read more
22 Sep 2023 14:05

Katoro Gold narrows annual loss but cash may run out this month

(Alliance News) - Katoro Gold PLC shares fell sharply on Friday as it announced a narrowed loss but few available cash reserves, and said it needs further funds to support its ongoing working capital.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.