{"id":55010,"date":"2023-12-31T21:04:01","date_gmt":"2023-12-31T21:04:01","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond"},"modified":"2023-12-31T21:28:54","modified_gmt":"2023-12-31T21:28:54","slug":"cec-announces-registration-of-zambias-first-green-bond","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond","title":{"rendered":"CEC announces registration of Zambia\u2019s First Green Bond"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>Copperbelt Energy Corporation Plc (CEC) has announced the registration of its green bond with the Securities and Exchange Commission on the sidelines of the COP 28 Climate Summit. This registration of the Green Bond is a first for Zambia\u2019s capital markets and is expected to attract more green finance in the country.<\/p>\n

Making the announcement during the Climate Summit in Dubai, United Arab Emirates, on Energy Day, CEC Managing Director and Chief Executive Officer (CEO) Mr. Owen Silavwe, said, \u201cWe are pleased to announce the registration of our US$200 million Green Bond, structured as a programme, whose proceeds will accelerate the actualisation of our ambitions to generate at least 200MW of renewable energy and specifically solar energy with possible storage implementation.\u201d<\/p>\n

Speaking at the same function, Minister of Green Economy and Environment Engineer Collins Nzovu said the Zambian Government has developed a Green Growth strategy, which is part of its aspiration to become a prosperous middle-income country by 2023.<\/p>\n

He said the Green Growth strategy is Zambia\u2019s blueprint for greening the economy and the environment by deliberately pursuing a development trajectory that is resource efficient, low carbon, climate resilient and socially inclusive.<\/p>\n

He added that the Government has put in place two regulatory frames that are being leveraged to raise green investments, these being the Green Bonds Framework issued by the Securities and Exchange Commission in 2019 and the Green Loans Framework issued by the Bank of Zambia.<\/p>\n

Eng. Njovu congratulated CEC for successfully registering the country\u2019s Debut Green Bond, further commending the private sector\u2019s leadership in showcasing Zambia\u2019s prowess in the green energy transition.<\/p>\n

The US$200 million bond programme has its first tranche of US$54 million, closing by the end of the year. The lead arrangers of the Green Bond are Cygnum Capital, with Emerging Africa Investment Fund (EAIF), as cornerstone investors in partnership with Absa Group.<\/p>\n

\u201cWe are proud to have been the lead arrangers for CEC\u2019s Green Bond\u201d, Cygnum Capital representative, James Doree said. \u201cIt demonstrates how the combination of a strong sponsor, a transparent policy framework and supportive anchor investor can drive private sector solutions to the green energy transition.\u201d<\/p>\n

\u201cWe are thrilled to be the cornerstone investor to the first Zambian green bond programme,\u201d said Paromita Chatterjee (representative of the Emerging Africa Investment Fund, a Private Infrastructure Development Group (PIDG) company). He added that he is confident that this avenue of financing will complement the traditional financing options to fast-track energy transition.<\/p>\n

\u201cOur partnership with the sponsor has made it possible to actualise the ingenious financing,\u201d said Theuns Ehlers, Head of Project Finance at Absa Group. \u201cHaving a sponsor with strong operational and financial capabilities has helped the structuring and bankability of a private-to-private project finance bond raise. Therefore, we are very proud to be associated with this transaction.\u201d<\/p>\n

Adding to the conversation, the Securities and Exchange Commission Director for Market Supervision and Development, Nonde Sichilima said, \u201cThe announcement of the registration of the Green Bond is a positive development for our capital markets. We anticipate that it will catalyse the listing of more green bonds as a means of capital raising for green initiatives and contribute towards deepening capital in our country.\u201d<\/p>\n

The proceeds from the bond, will be deployed towards further solar generation investments within the CEC Group through CEC Renewables. CEC Renewables is an investment vehicle established by the CEC Group, through which renewable energy development is actualised.<\/p>\n

\u201cWe began our renewable energy journey, particularly in solar generation five years ago and our announcement today is an affirmation of our commitment to support Zambia\u2019s green energy transition,\u201d said Mr Silavwe. The Bond will open and close within December 2023.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. Copperbelt Energy Corporation Plc (CEC) has announced the registration of its green bond with the Securities and Exchange Commission on the sidelines of the COP 28 Climate Summit. This registration of the Green Bond is a first for Zambia\u2019s capital markets and is expected to attract more green finance in the country. […]<\/p>\n","protected":false},"author":84,"featured_media":55009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[234,235,233],"class_list":["post-55010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nCEC announces registration of Zambia\u2019s First Green Bond - Zambia<\/title>\n<meta name=\"description\" content=\"Copperbelt Energy Corporation Plc (CEC) has announced the registration of its green bond with the Securities and Exchang ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CEC announces registration of Zambia\u2019s First Green Bond\" \/>\n<meta property=\"og:description\" content=\"Copperbelt Energy Corporation Plc (CEC) has announced the registration of its green bond with the Securities and Exchang ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-31T21:04:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-31T21:28:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1704045424.009834.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"CEC announces registration of Zambia\u2019s First Green Bond\",\"datePublished\":\"2023-12-31T21:04:01+00:00\",\"dateModified\":\"2023-12-31T21:28:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond\"},\"wordCount\":631,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1704045424.009834.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond\",\"name\":\"CEC announces registration of Zambia\u2019s First Green Bond - Zambia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1704045424.009834.jpg\",\"datePublished\":\"2023-12-31T21:04:01+00:00\",\"dateModified\":\"2023-12-31T21:28:54+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Copperbelt Energy Corporation Plc (CEC) has announced the registration of its green bond with the Securities and Exchang ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1704045424.009834.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1704045424.009834.jpg\",\"width\":800,\"height\":600,\"caption\":\"CEC announces registration of Zambia\u2019s First Green Bond\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/zambia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CEC announces registration of Zambia\u2019s First Green Bond\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/\",\"name\":\"Zambia\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zambia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CEC announces registration of Zambia\u2019s First Green Bond - Zambia","description":"Copperbelt Energy Corporation Plc (CEC) has announced the registration of its green bond with the Securities and Exchang ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond","og_locale":"en_US","og_type":"article","og_title":"CEC announces registration of Zambia\u2019s First Green Bond","og_description":"Copperbelt Energy Corporation Plc (CEC) has announced the registration of its green bond with the Securities and Exchang ...","og_url":"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond","og_site_name":"Zambia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-12-31T21:04:01+00:00","article_modified_time":"2023-12-31T21:28:54+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1704045424.009834.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"CEC announces registration of Zambia\u2019s First Green Bond","datePublished":"2023-12-31T21:04:01+00:00","dateModified":"2023-12-31T21:28:54+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond"},"wordCount":631,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1704045424.009834.jpg","keywords":["Africa Press","Africa Press-Zambia","Zambia"],"articleSection":["all news","head lines","policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond","url":"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond","name":"CEC announces registration of Zambia\u2019s First Green Bond - Zambia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zambia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1704045424.009834.jpg","datePublished":"2023-12-31T21:04:01+00:00","dateModified":"2023-12-31T21:28:54+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Copperbelt Energy Corporation Plc (CEC) has announced the registration of its green bond with the Securities and Exchang ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond#primaryimage","url":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1704045424.009834.jpg","contentUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/12\/sm_1704045424.009834.jpg","width":800,"height":600,"caption":"CEC announces registration of Zambia\u2019s First Green Bond"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/cec-announces-registration-of-zambias-first-green-bond#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/zambia\/"},{"@type":"ListItem","position":2,"name":"CEC announces registration of Zambia\u2019s First Green Bond"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zambia\/#website","url":"https:\/\/www.africa-press.net\/zambia\/","name":"Zambia","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zambia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts\/55010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/comments?post=55010"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts\/55010\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/media\/55009"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/media?parent=55010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/categories?post=55010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/tags?post=55010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}