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
Finance
CNN and BBC to help market tourism in Zambia
Zambia has signed a deal with the British Broadcasting Corporation (BBC) and the Cable News Network (CNN) in which the two international news agencies will begin marketing tourism in Zambia ahead of this years United Nations World Tourism Organisation (UNWTO) general assembly
Multilateral development partners pledge African support
Leaders of the African Development Bank (AfDB), International Monetary Fund (IMF), World Bank, European Bank for Reconstruction and Development (EBRD), and Inter-American Development Bank (IADB) have pledged their close cooperation to support development
Ecobank Zambia announces expansion plans
Ecobank Zambia is set to establish five more branches and increase its number of automated teller machines (ATMs) to 38 as it expands its footprint in the country
Resurgent UK trade and investment in Nigeria
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