CEC COMMENDED FOR CREATING EMPLOYMENT FOR ZAMBIANS.

By Ennie Kishiki Mutepuka.

The Copperbelt Energy Corporation (CEC) has been reported as the most valuable company on the Lusaka Securities Exchange (LuSE), boasting a market capitalization of $1.5 billion. 

According to the Company’s Secretary, Julia Chaila, this milestone also underscores the LuSE’s pivotal role in fostering economic growth and investor confidence. 

As Zambia’s principal Exchange, LuSE facilitates capital access for businesses, driving expansion and long-term economic advancement. 

Lusaka Securities Exchange (LuSE) Chief Executive Officer, Nicholas Kabaso, described Copperbelt Energy Corporation’s (CEC) attainment of a US$1 billion market capitalization as a historic milestone that reflects growing investor confidence in the Zambian economy.

As that is not enough, the Copperbelt Energy Corporation’s Itimpi II 136MW Solar Plant in Kitwe has created 2,568 construction jobs.

More than 95% of the jobs went to Zambians while the project also created more than 100 permanent jobs and trained 1,000 local workers in renewable energy skills. 

CEC also partnered with 15 local companies and 8 local consultants including Copperbelt University.

President Hichilema commissioned the plant this year. CEC’s Itimpi II Solar Plant, did not just bring power, it brought jobs.  

Kitwe’s Kamfinsa Constituency Former Member of Parliament and Former Kitwe Mayor, Christopher Kang’ombe, said it is gratifying to note that CEC has been doing well on the Lusaka Securities Exchange (LuSE).

Mr. Kang’ombe, said despite the milestone, CEC is a company that is led by Zambians and has also employed locals at Itimpi ii solar plant.

And Economist Kelvin Chisanga, said what CEC is doing with Itimpi solar plant go beyond simply constructing another power plant, as it has continued to create employment for Zambians.

CEC’s achievement reflects robust market fundamentals and heightened investor interest, reinforcing the Exchange’s significance in corporate development and shareholder value creation.