CEC Becomes First LuSE-Listed Company to Surpass $1 Billion Market Capitalisation
The Copperbelt Energy Corporation (CEC) has made history by becoming the first company listed on the Lusaka Securities Exchange (LuSE) to achieve a market capitalisation exceeding US$1 billion — a landmark moment for both Zambia’s capital markets and the energy sector.
The milestone was announced by Verona Nkolola, CEC’s Head of Corporate Communications and Investor Relations, following a 6.19% increase in the company’s share price, which rose from K16.65 to K17.68 on May 22, 2025. The surge propelled CEC’s valuation beyond the billion-dollar mark.
“This historic achievement reflects strong investor confidence in our performance and growth prospects,” said Nkolola.
“Since the beginning of 2025, CEC’s share price has increased by 27%, and by an impressive 129.02% year-on-year.”
CEC Managing Director Owen Silavwe attributed the company’s success to effective strategic execution and a trusted brand.
“This milestone is a proud moment for CEC and reaffirms our responsibility to pursue growth opportunities that align with our strategy and deliver sustainable value to both shareholders and the Zambian economy,” he stated.
LuSE Chief Executive Officer Nicholas Kabaso hailed the development as a turning point for the local capital markets, expressing confidence that they will continue to serve as a pillar for Zambia’s long-term economic growth.
Since its listing in 2008, CEC has transformed from a local power utility into a major player in Zambia’s energy sector.
The company remains committed to innovation, operational excellence, and supporting Zambia’s sustainable development goals.
