Copperbelt Energy Corporation PlcFebruary 8, 2022

CEC Africa Issues Cautionary Notice on Developments in Nigeria
CEC Africa Investments Limited (“CECA” or “the Company”) is a public company in terms of the Securities Act No 41 of 2016 (“the Act”) and its shares are registered and regulated by the Securities and Exchange Commission of Zambia (“SEC” or the “Commission”). CECA shares are traded on the second tier market (referred to as […]

Copperbelt Energy Corporation PlcJanuary 18, 2022

Revocation of Common Carrier Statutory Instrument Delights CEC Zambia Plc
Copperbelt Energy Plc. has expressed delight over Zambia’s Minister of Energy’s revocation of a statutory instrument that had declared parts of its network common carrier, according to a statement issued by the company to Lusaka Securities and Exchange. “In accordance with Section 3.4(b) of the Lusaka Securities Exchange Listings Requirements (“LuSE Listings Requirements”), the Board [&h

Copperbelt Energy Corporation Plc, EnergyOctober 13, 2021

CEC Africa Records Net Loss of K576 million at Half Year 2021
Despite the recorded net loss of ZMW 576 million (Kwacha Five Hundred Seventy-six Million) for the half year 2021, CECA performance continued to make steady improvement regarding various issues that have affected its performance in previous years, including: Non-Cost Reflective Tariffs: In 2019, the Nigerian Electricity Commission issued a minor tariff review which enabled Abuja […]

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 […]