Skeletons continue to tumble out of Babereki Investments closet, after The Patriot on Sunday uncovered a trail of correspondences showing that the board of directors at the Botswana Public Employees Union (BOPEU) subsidiary messed up a lucrative deal for the establishment of a P200 million carbon black plant in Lobatse and/ or Selibe Phikwe. The carbon plant was to be developed in partnership with Black Bear, whose industrial-scale prototype plant is located in Nederweert, The Netherlands. It is capable of processing more than 1 million waste tires annually, producing 5000 tonnes of Carbon Black, 5000 tonnes of bio-fuel, 3000 tonnes of steel and one megawatt hours of green electricity. The plant is operated in partnership with Kargro, one of Europe’s foremost recyclers of tires. The company plans to roll out more than 1000 plants all over the world, in cooperation with local partners. This would have a huge environmental impact, resulting in CO2 emission reductions equivalent to the planting of more than 1 billion trees, and potentially reducing the world’s annual oil consumption by more than 215 million barrels. The P200m deal In late 2016, Donald Gaetsaloe -the Chief Executive Officer of Confianza Capital, was engaged as transaction advisor and…