The Directors of Copperbelt Energy Corporation PLC (“CEC”) are pleased to announce the realease of their annual report for the year ended 31 December 2011. Below is an extract from the Executive Chairman’s Statement.

Statement from the Executive Chairman

I am pleased to present the first Annual Report for the Copperbelt Energy Corporation PLC Group. The CEC Group comprises the core Company and two telecommunications companies. In previous years, we have reported only the CEC Company results. This first Group report is a landmark achievement as we strive to grow and diversify…

Safety, Health and Environment

Performance on this front in 2011 was much improved over 2010. A comparison of various parameters shows that 2011 was demonstrably a better year with an above-target performance in key proactive measures such as the Toolbox Safety Talk, and a clean sheet in relation to both fatal incidents and serious environmental incidents…

Business Development

The Company continued to
move cautiously yet firmly, implementing various core business expansion projects with our customers, while keeping an eye on the overall global economic and financial barometer…

Board Operation

During the year, two independent Directors, Emmanuel Mutati and Jonathan Muke, retired from the CEC board after serving the maximum number of terms allowed in accordance with the Company’s Articles of Association. They were replaced by Edson Hamakowa and Pius Maambo…

Conclusion

We are optimistic that your Company will deliver another successful set of results in 2012, from which you, our valued shareholders, will gain…

Hanson Sindowe


To download the full 2011 annual report please click on the link below.

2011 Annual report.pdf