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

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 […]

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 […]

Copperbelt Energy Corporation Plc, EnergyAugust 29, 2020

Mandatory offer for CEC Africa shares made by BP Investments
Quoted company on the Lusaka Securities and Exchange, CEC Africa, has announced that a mandatory offer has been made by BP Investments Limited for purchase minority shareholders stake in the company that has operations in Nigeria. “Shareholders of CEC Africa Investments Limited will be aware that on 17 June 2020, BP Investments Limited purchased shares […]

Copperbelt Energy Corporation Plc, EnergyAugust 19, 2020

CEC Plc forecasts 514% lower earnings
Embattled energy company, CEC PLC, has indicated to shareholders that it expects its earnings per share to be lower at half-year of the current financial year due to debts owed by a former mining customer. “In accordance with Section 3.4(b) of the Lusaka Securities Exchange Listings Requirements (“LuSE Listings Requirements”), the Board of Directors of […]

Copperbelt Energy Corporation Plc, EnergyAugust 15, 2020

Zambian Energy Corporation withdraws claim against CEC Africa
The letter of demand that was issued to CEC Africa has been withdrawn following an agreement being reached with Zambia Energy Corporation, according to a statement from CEC Africa. “Shareholders of the Company are referred to the Cautionary Announcement first issued on 17 July 2020 in which Shareholders and the market were advised that the […]

Copperbelt Energy Corporation Plc, EnergyJuly 19, 2020

Letter of demand served on CEC Africa
CEC Africa has been served a letter of demand from Zambia Energy Corporation Limited of K15.40 million, according to a statement from the Company. “CECA shares are traded on the second-tier market (referred to as the Quoted Tier) of the Lusaka Securities Exchange (“LuSE”). In compliance with the disclosure requirements under the Act, CECA hereby […]

Copperbelt Energy Corporation Plc, Energy, MiningJune 9, 2020

Konkola Copper Mine parts company with Copperbelt Energy
Barely a fortnight after publishing its 2019-year end financial results which signaled the erosion of value due to impairments caused by its biggest mining customer, Copperbelt Energy Plc (CEC) has announced the end and non-renewal of its power supply contract with Konkola Copper Mine (KCM). “In accordance with Section 11.40 of the Lusaka Securities Exchange […]

Copperbelt Energy Corporation Plc, EnergyMay 27, 2020

CEC Plc reports erosion in 2019 earnings due to ‘MineCo’ impairment
Copperbelt Energy Plc has signaled to the market that it expects to record lower earnings for the financial year 2019 due to unpaid receivables from one of its largest mining customers, according to a statement from the company. “In accordance with the Lusaka Securities Exchange Limited Listings Requirements, the Board of Directors of the Copperbelt […]

Copperbelt Energy Corporation Plc, EnergyApril 18, 2020

CEC arbitration matter still ongoing despite end of BSA
CEC Plc has notified shareholders that the arbitration matter regarding outstanding amounts owed to ZESCO Limited is still ongoing despite the epilogue of the BSA on 31st March 2020, according to the latest SENS announcement from the company. “Shareholders are referred to the cautionary announcement, dated 27th September 2019, issued by the Board of Directors […]