Standard Chartered's private equity arm has acquired a quarter of Zambia's Copperbelt Energy Corporation Plc for $57 million, its first investment in the growing African power industry.
The bank will take 25.8 percent of the Lusaka-listed power supplier by acquiring a stake in parent company Zambia
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
BusinessDay
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more
