Copperbelt Energy Corporation Plc, EnergySeptember 14, 2021

CEC Plc signals 180% better Earnings at Half Year 2021
The only listed power utility in Zambia has advised shareholders that it expects improved earnings when it produces its 6 month unaudited financial statements. “In accordance with Section 3.4(b) of the Lusaka Securities Exchange (“LuSE”) Listings Requirements, the Board of Directors of the Copperbelt Energy Corporation Plc (“CEC” or “the Company”) hereby advises the Shareholders [&he

Energy, Puma Energy (Z) PlcMay 10, 2021

Puma Energy Zambia has a new Don
The only listed oil marketing company on the Lusaka Securities and Exchange has announced the appointment of Knight Silumesii as its new CEO following the resignation of Pinchi Simukwai, according to at statement from the company.   “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Puma Energy Zambia Plc […]

Copperbelt Energy Corporation Plc, EnergyMay 8, 2021

CEC walks tight rope of pending legal cases at full year 2020
CEC Zambia Plc has advised shareholders that it has a number of legal cases pending in the Zambian judicial system that may have a material impact on the company financials. According to the company’s recently published 2020 Annual Report, “The Company is party to various legal cases whose outcome is dependent on the conclusion of […]

Energy, Puma Energy (Z) PlcApril 11, 2021

PUMA Energy Zambia records 52% increase in Profit After Tax for the 2020 FY
The only LUSE listed oil marketing company has recorded an approximately 52% increase in profit after tax to K160.18 million, according to PUMA Energy’s latest SENS announcement. “For the year ended 31 December 2020 the Company recorded a profit after tax of K160.18 million compared to K105.55 million recorded in the previous financial year”, read […]

Copperbelt Energy Corporation Plc, EnergyApril 10, 2021

COPPERBELT ENERGY CORPORATION PLC (CEC) 2020 PERFORMANCE REVIEW
During the year under review, the balance between supply and demand for electricity for CEC remained a challenge as the demand continued to outstrip the supply. This resulted largely from the lower than normal water levels at the country’s major hydro power stations. However, the shortfall of electricity peaked at 40% of the national demand […]

EnergyNovember 26, 2020

Northwestern Energy signs another game-changing energy financing deal with Zanaco
Zambia owned electricity distribution company, Northwestern Energy has signed a financing agreement with Zambia National Commercial Bank that will see the company expand on its electricity distribution network in the North-Western Province. “On 19th November 2020, Zambia National Commercial Bank (Zanaco) Plc and North Western Energy Corporation signed a power deal for expansion and continued [&h

Economy, Energy, OpinionNovember 23, 2020

POWER PLANT PROJECTS KEY TO ECONOMIC DEVELOPMENT
Successful financing of developmental project such as hydro-power plants requires the willingness to invest and dream to grow the sector for the future. Developing both social and economic infrastructure improves not only the quality of people’s lives; it also opens up the country to the outside world, and allows trade and commerce to flourish. Zambia’s […]

EnergyOctober 21, 2020

The changing face of the Zambian power market: Corporate PPAs – fact or fiction?
Whilst many challenges exist within Zambia’s power sector, including the well-documented shortages, outages and off-taker issues, recent changes may usher in a new era. Although Zambia’s power sector is liberalised, with private sector participants playing an important role in generating power, ZESCO Limited (ZESCO), a vertically integrated electricity utility, has historically dominated the Z

Energy, MiningSeptember 27, 2020

Maamba Collieries unveils game changing mining equipment
Minister of Mines and Minerals Development highlights the importance of coal and coal-based electricity to national economy and the country’s energy diversification mix Minister of Mines and Minerals Development Hon. Richard Musukwa, MP this weekend officially inaugurated Maamba Collieries Ltd.’s (MCL) most recent acquisition, the state-of-the-art, high technology Surface Miner. Maamba Collier

Energy, Puma Energy (Z) PlcSeptember 22, 2020

PUMA at half year 2020 – Exchange gains increase “margins”
There are industries that seeing benefits in the deterioration of the kwacha against the dollar. These are industries that see exchange gains adding steroids to the bottom line. Oil marketing is one of them thanks to the cost pass-through mechanisms that are in place through the regulator, ERB. Puma recently published their half-year results for […]