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- Rwanda-based Bboxx eyes generating $100M worth of carbon credits in Africa
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Investing
- With its multiple technologies, Bboxx is trailblazing in the green energy space, scaling its operations across Africa and projecting to offset over 20 million tonnes of CO2.
- Bboxx has been awarded Gold Standard certification for carbon credit programs based on solar home systems, clean cooking alternatives, and solar-powered water pumps.
- Implementing carbon programs allows Bboxx to accelerate market growth potential by reaching over 4 million customers in five African countries.
Rwanda-based Bboxx plans to offset over 20 million tonnes of carbon and generate $100 million worth of carbon credits through clean energy projects in Africa.
In this initiative, Bboxx projects to positively impact the lives of over four million customers across Rwanda, Kenya, Nigeria, Togo, and the Democratic Republic of Congo (DRC).
These revelations follow Bboxx’s recognition with the Gold Standard certification for its continued rollout of clean energy projects in five African countries. This certification marks a vital moment …
- Kenya’s private equity deals size are expected to remain modest this year.
- However, despite the high optimism, deal sizes in East Africa are expected to remain modest.
- However, businesses are concerned that firms will be scouting for exits, too.
Kenya and its East Africa peers are confident that the fundraising environment for businesses will continue improving in the next 12 months even as the continent experiences mixed expectations.
New findings by Audit firm Deloitte show that while East and West Africans largely anticipate an improvement, opinions in North and Southern Africa are divided, with some expecting improvements, others predicting stagnation, and some foreseeing deterioration.
This outlook comes against the backdrop of persistent high interest rates, inflation, and geopolitical uncertainty, which led to a 9 per cent drop in finalized funds year-on-year in 2023.
The Deloitte Africa Private Equity Confidence Survey 2024, shows that in East Africa, optimism is on …
The opulent and contemporary Downtown Dubai is a global attraction for Vietnamese investors. It is a lively neighbourhood that was built by Emaar Properties and contains some of the most famous structures in the world such as Burj Khalifa and Dubai Mall; therefore, it is an ideal place for investing in property. In this article, we will look at different kinds of real estate in Downtown Dubai which are attractive to Vietnamese buyers.
Overview of Downtown Dubai
Situated between Sheikh Zayed Road and Financial Centre Road, the Downtown Dubai neighbourhood is a mixed-use development located at the centre of the city. This area contains everything; residential, commercial, and leisure spaces for both residents and visitors. The tall skyscrapers, luxury apartments, and top-notch facilities define this as among the best areas to invest in Dubai property-wise.
Types of Properties Available
Apartments
Downtown Dubai provides a broad choice of luxury apartments that …
- Real estate investment in Kenya offers tremendous opportunities for financial growth.
- To make informed investment decisions, it is essential to have a thorough understanding of the current status and trends within the market.
- By understanding the current status and trends of the Kenyan real estate market, investors can make informed decisions that maximize their chances of success.
Are you ready to dive into the world of real estate investment in Kenya? If you are looking for a comprehensive guide to help you succeed in this thriving industry, you’ve come to the right place!
Real estate investment in Kenya offers tremendous opportunities for financial growth, but navigating the market can be overwhelming without the right knowledge and strategies. That’s why we’ve put together this ultimate guide with practical tips and expert advice to empower you on your real estate investment journey.
In this blog, we’ll take you step-by-step through the process …
- The latest round of talks on the Grand Ethiopian Renaissance Dam (GERD) has concluded in Addis Ababa without success.
- Egypt, heavily reliant on the Nile for its water supply, is blaming Ethiopia for rejecting proposals that safeguard the interests of the three nations involved.
- On its part, Ethiopia is accusing Egypt of “misrepresenting” its positions in the talks.
The latest round of Ethiopia-Egypt talks on the Grand Ethiopian Renaissance Dam (GERD) has concluded without success. The meeting, held in the Ethiopian capital Addis Ababa, failed to produce any tangible results, as Ethiopia remained steadfast in its refusal to accept technical or legal compromise solutions that would address the concerns of all three countries involved: Ethiopia, Sudan, and Egypt.
Egypt’s Irrigation Ministry reported the lack of progress, highlighting Ethiopia’s persistent rejection of proposals aimed at safeguarding the interests of the three nations.
Egypt, heavily reliant on the Nile for its water …
- Ghana has regained its position as Africa’s top gold producer, with a remarkable 32 per cent increase in production of the mineral in 2022.
- South Africa’s gold production has seen a year-on-year increase of 2.2 per cent as of October 2023.
- In 2022, crisis-saddled Sudan’s gold production was reported at 50,000.000kg.
An in-depth exploration of the top five gold-producing countries in Africa in 2023, analyzing their production statistics, mining operations, and the level of political stability in each country.
Welcome to a comprehensive exploration of the top gold-producing countries in Africa. The continent, known for its rich mineral resources, has several nations contributing significantly to the global gold market. This article delves into the gold production statistics, major mining operations, and the political stability of the top five gold-producing countries in Africa as of 2023.
Gold-Producing Countries in Africa
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- In a body blow, Fitch Ratings has moved Ethiopia’s rating from “CC,” where it had been downgraded in November, to the new status of “C”.
- This adjustment reflects the agency’s deepening concerns about Ethiopia’s economic health and the rising risk of default following a missed interest payment on 11 December.
- A further severe downgrade by Fitch Ratings to ‘restricted default’ (RD) looms if Ethiopia fails to make the coupon payment within the set 14-day grace period.
Fitch Ratings agency has served Ethiopia’s economy a gut punch by further downgrading Ethiopia’s credit rating into junk territory, expressing concerns about the “increased likelihood” of default by the second most populous country in Africa.
This economic setback for Ethiopia, home to approximately 120 million people, comes as a result of the country’s failure to meet its financial obligations to creditors. Specifically, Ethiopia was unable to pay a coupon on its single …
- Global economic trends, such as interest rate changes, inflation, and geopolitical uncertainties, significantly impact gold-backed financing products.
- Some financial products are now linking gold investments to environmentally and socially responsible mining practices.
- This trend reflects a broader shift towards sustainable and ethical investment practices across financial markets.
Gold has been a symbol of wealth and a form of currency for centuries, but its role in the modern financial system has evolved significantly. Today, gold-backed financing encompasses a range of innovative financial products and services, from traditional loans secured by gold to gold trading CFDs. These new trends reflect the enduring value of gold and its growing versatility in the global financial market.
The Evolution of Gold as a Financial Instrument
Historically, gold was used directly as currency or as a standard backing fiat currencies. However, with the end of the gold standard, gold’s role shifted from a direct form
- AfDB will provide US$98.62 million to Burundi in the form of grants and US$597.79 million to Tanzania in the form of loans and guarantees.
- The Joint SGR Project plays a pivotal role in fostering development, facilitating trade, and enhancing accessibility across East Africa.
- Investment will also unlock and connect key economic processing zones, industrial parks, Inland Container Depot, and population centers along the central corridor.
The Board of AfDB has taken a significant step in advancing East Africa’s regional connectivity and infrastructure development by approving a total financing package of U$696.41 million for Burundi and Tanzania Standard Gauge Railway (SGR) Project.
This funding is designated for the initiation of Phase II of the Joint Tanzania-Burundi-DRC SGR Project. The ambitious investment aims to construct 651 kilometers on the Tanzania-Burundi railway line, a key component of the broader effort to enhance transportation and trade links in the East African region.
The financing …
