Chariot Limited (CHAR.L) on Thursday said it has disposed of its water business as the Africa-focused energy group sharpens its focus on its core Power division, which includes electricity trading and generation projects across southern Africa.
Chariot's divestment includes its stake in the Oasis Water Platform, which was working on a proof-of-concept desalination project in Djibouti.
This stake has been sold to AquaNexus Holding for $435,000 in cash. Chariot plans to use those funds for general corporate needs.
This decision fits into the company's strategy of focusing its efforts on renewable energy, power-to-mining projects, and its green hydrogen project, Project Nour, in Mauritania.
CHAR.L is currently trading at GBP 1.5825, up GBP 0.0065 or 0.41 percent on the London Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.