Kibo Energy PLC - Galway, Ireland-based company with energy projects in Africa and UK - Says it has recently made "advancements" in developing sustainable energy solutions, though progress has been limited given constraints around funding. Back early in July, it said all funding activities were placed on hold due to delays as a result of "difficulties" at its extraordinary general meeting. A month earlier, Kibo had reported that five of a total of eight resolutions failed to reach the minimum threshold of 75% of the vote at an EGM.
Kibo says a number of renewable energy generation, waste-to-energy and energy storage opportunities are in various stages of development and others are still in the "opportunity screening phase". Also says it continues to establish formal relationships with industry entities, including sustainable technology original equipment manufacturers.
Current stock price in Johannesburg: 0.01 rand cent
12-month change: down 75%
Stock price in London: 0.035 pence
12-month change: down 69%
By Artwell Dlamini, Alliance News reporter
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Kibo Energy (KIBO)