StanChart takes $57 mln stake in Copperbelt Energy

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S.Africa’s power crisis stifling NDP goals Now Nigeria is selling 10 gas-fired power plants nestled in the Niger Delta. PHOTO: Getty Images

This is its first such investment in the growing African power industry.

Standard Chartered, the London-based bank focused on emerging markets, and Lusaka-listed Copperbelt Energy made the announcement in a joint statement on Tuesday.