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The CEC is set to spend US$164mn in the acquisition of a 60 per cent shareholding in Nigerias Abuja Electricity Distribution Company. (Image source: World Bank Photo Collection)

The Copperbelt Energy Corporation (CEC) is set to invest US$164mn in the acquisition of a 60 per cent shareholding in Nigeria’s Abuja Electricity Distribution Company (AEDC), according to a statement issued in Lusaka recently

Many British-based investors are looking at Nigeria, to get to know the markets for energy, minerals, and infrastructure, and to engage with enterprises on the ground

ZCCM - IHs executive chairman noted that high commodity prices impacted positively on the revenue of most of the groups subsidiaries. (Image source: BlueSalo)

Zambia Consolidated Copper Mines Investments has disclosed an operating profit of US$100.7mn in 2011 from 8.9mn in 2010 as a result of a favourable economic environment and high commodity prices

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