… Media reports and legal documents alleged that, during the bidding process, the liquidator was privately summoned by officials from the Ministry of Minerals and Energy and granted access to confidential documents containing competing bids. …
Government officials express confidence that Botswana's power supply will stabilise during the peak winter season, and the Ministry of Minerals and Energy says the Botswana Power Corporation is not expected to introduce large-scale load shedding.
Why it matters
Government confidence that power supply will stabilise this winter without major load shedding is reassuring news for households and businesses.
Government officials express confidence that Botswana's power supply will stabilise during the peak winter season, and the Ministry of Minerals and Energy says the Botswana Power Corporation is not expected to introduce large-scale load shedding.
Botswana's Court of Appeal has set aside a High Court interim interdict, allowing the liquidation and sale of Mupane Gold Mining's assets to proceed. The Nova Africa Resources/Aone Commodities DMCC Joint Venture's bid of USD 21.5 million upfront was recommended by the liquidator and endorsed by creditors over Ulsan Botswana's USD 500,000 upfront offer.