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Energy development company Kibo Mining plans to put forward a resolution seeking approval for changing the name of the company to Kibo Energy at its AGM to be held on Monday 30 July 2018.

This follows the announcement on 22 June 2018 that the company has sold its Kibo Nickel subsidiary to AIM-listed Katoro Gold – which is majority owned by Kibo Mining but was spun out from the company in early 2017.

The rationale behind the sale of Kibo Nickel is in line with the company’s strategy of becoming a major regional power player in Africa, as the sale will allow the company to focus on its three energy projects currently under development.

The projects include the flagship Mbeya coal-to-power project, in Tanzania; the Mebesekwa coal independent power project, in Botswana; and the joint venture Benga independent power project, in Mozambique.