StanChart takes $57 mln stake in Copperbelt Energy - CNBC Africa

StanChart takes $57 mln stake in Copperbelt Energy

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Zambia's Copperbelt Energy Corporation Plcinvolved in the generation, transmission, distribution and supply of electricity. PHOTO: Getty

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.

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