CEC’s $1 Billion milestone is a testament to our partners’ trust – Silavwe

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The Copperbelt Energy Corporation (CEC) Managing Director Owen Silavwe has attributed the achievement to investor trust in the company’s operations, strategy, and brand, highlighting it as a proud moment that reinforces the company’s responsibility to seek growth while delivering sustainable value.

Recently, CEC made history by becoming the first company on the Lusaka Securities Exchange (LuSE) to surpass a $1 billion market capitalization a milestone that reflects strong investor confidence and consistent growth.

On May 22, 2025, CEC’s share price rose by 6.19%, from K16.65 to K17.68, pushing its market cap beyond the $1 billion mark. The stock has gained 27% year-to-date and has recorded a 129.02% rise over the past year.

In a statement issued by CEC Head of Corporate Communications and Investor Relations, Verona Mwila Nkolola, Mr. Silavwe has underscored that this achievement not only marks a proud moment for CEC but also reinforces the company’s obligation to identify growth opportunities aligned with its long-term strategy.

He has further noted that the milestone allows the company to continue delivering sustainable value to its shareholders and to contribute meaningfully to the broader Zambian economy.

Mr. Silavwe has also expressed gratitude to shareholders, partners, and the dedicated CEC team for their continued support, calling them key players in the company's journey of growth.

Meanwhile, LuSE Chief Executive Officer Nicholas Kabaso has congratulated CEC, describing the achievement as a reflection of strong market confidence and a testament to the company's leadership in innovation and performance since its listing in 2008.

Ends………………………….

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