Bcl13 Feb 2019 09:05
Kibo started its activities in Tanzania some fifteen years ago, and created a project that would deliver a coal fired power station that would not only meet the demand for electricity for Tanzania, but for export of electricity also. Since then Kibo has steadily met ever changing legal requirements and has now been stymied by a sudden determination by the government to seek hydroelectric electric power. This is believedby some will come to nothing so hope for the fulfilment of Kibo's project continues albeit falteringly. What many investors have overlooked is the recent expansion into the development of similar projects in Botswana and Mozambique. Here the governments are keen to develop coal fired power stations, and they may well be up and running first. Assuming that they are successful, Tanzania will be noticeably behind in the infrastructure that depends on electricity and which is needed for modern society. If it has not by then been jolted out of its hydroelectric fantasy, it might at last see how it has missed out. The expansion into MED was a clever move as it provides complementary skills and knowledge. It may have languished but Katoro should be a winner in due course, but the ultimate real prize may yet be Haneti. Like most of us I have had my gloomy moments but when I take stock of what we have I wish I had the money to buy even more shares. Yes, with hindsight we could all have traded in and out over the years, as some have, but it like musical chairs, one does not want to be caught without the shares when the big comes suddenly. As for LC I think he is a shrewd and trustworthy operator.
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