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- From safari icons to status symbols: The dual fate of Tanzania’s black rhinos
- Tanzania taps $149 million IMF loan for budgetary support
- Africa poised for fastest growth in $8 trillion cooling systems market
- 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 …
- Kenya’s SBM Bank has announced its commitment towards increasing its ESG investment in the country.
- The commitment is aimed at providing sustainable financing for projects that will allow access to clean, reliable, and affordable energy.
- The move follows a partnership between the Bank and Safer Power in renewable energy in Lukenya that will connect Stoni Athi Resort to off-grid solar power.
ESG investments in East Africa’s most advanced economy are expected to increase as SBM Bank deepens its commitment in Kenya’s sustainability drive. The commitment to prioritise financing projects aligning with Environmental, Social and Governance (ESG) is aimed at providing sustainable investments that optimise in the use of clean, reliable, and affordable energy.
The announcement follows the partnership between the Bank and Safer Power in renewable energy in Lukenya that plans to connect Stoni Athi Resort to off-grid solar power.
“Our focus through this collaboration is to empower businesses within …
- An estimated 56 percent of global investors are preparing to increase their ESG investments in 2024 amidst escalating climate change challenges.
- This trend is occurring even as awareness among investors about ESG significantly increased in recent years.
- Currently, over 70,000 political and business leaders, diplomats, financiers, and activists are converging on Dubai to discuss ways to avoid environmental disaster due to climate change at COP28.
A new study from deVere Group, an independent financial advisory, asset management, and fintech organization, reveals that more than half of global investors plan to increase their Environmental, Social, and Corporate Governance (ESG)-oriented investments in 2024.
The study, which polled over 800 investors, shows that 56 per cent of global investors are gearing up to increase their ESG investments in 2024 amidst escalating climate change challenges.
These findings come as more than 70,000 political and business leaders, diplomats, financiers, and activists converge on Dubai …
- Under President Samia Suluhu Hassan, Tanzania has seen significant economic transformation, culminating in attracting over $1 billion in foreign direct investment.
- Tanzania’s consistent economic policies have played a key role in this achievement, fostering an environment conducive to growth and investment.
- However, this impressive FDI growth is juxtaposed against a decrease in the value of invested projects and Domestic Investment.
Under the astute leadership of President Samia Suluhu Hassan, Tanzania has witnessed a significant economic transformation, culminating in attracting over $1 billion in foreign direct investment. This remarkable achievement is the result of a series of strategic policies and reforms that have shaped Tanzania’s economic trajectory.
Tanzania’s journey from a command economy to a market economy has been pivotal in shaping its current economic structure. Since 1985, the country has embraced market-oriented policies, opening up its economy to global trade and investment.
Agriculture plays a critical role in …
- East African gas has around one-third of the global average carbon content and is extremely low in liquids.
- Unni Fijaer, Vice President and Tanzania country manager for Equinor adds that the gas is ideal for meeting the world’s energy needs while minimising emissions.
- Lower carbon levels make East African Coast gas reserves more attractive to investors.
The vast gas reserves off the East Coast of Africa have significantly lower carbon content than the global average. This unique characteristic renders them more attractive to international investors and export markets amid the ongoing energy transition.
A recent panel discussion at the AOW Investing in African Energy event in Cape Town, South Africa, revealed this valuable insight. This underscores the pivotal role of African gas in the evolving global energy landscape.
East African gas reserves cleanest
“The beauty of gas derived from the East Coast of Africa is that it is extremely low …
- Tata International is set to expand operations in Nigeria through a strategic partnership with the Lagos Free Zone (LFZ).
- LFZ is the first and only free zone in Nigeria that is uniquely integrated with the deepest seaport in the region, the Lekki Port, which started operations in April 2023.
- With a rich legacy spanning over four decades, Tata International is a key contributor to the economic landscape of the African continent.
Tata International is set to expand operations in Nigeria through a strategic partnership with the Lagos Free Zone (LFZ). The agreement as signed in the presence of Anand Sen, Managing Director of Tata International Limited, by Managing Director of Tata Africa Holdings Pty Ltd, Len Brand. This marks a significant milestone in the company’s commitment to the region.
With a rich legacy spanning over four decades, Tata International is a key contributor to the economic landscape of the African …
- The Arab Africa Trade Bridges Program (AATB), a multi-donor, inter-regional program, has signed two agreements aimed at fostering sustainable growth and development on the sidelines of the Intra Africa Trade Fair 2023 in Cairo, Egypt.
- The first agreement aims to harmonize African standards for textiles and leather products, ensuring transformative change in the African Fashion Industry.
- In the second deal, the International Islamic Trade Finance Corporation signed a deal with the International Trade Centre, under the umbrella of the AATB program. This marks the initiation of Phase Two for the transformative “How to Export with the AfCFTA” Program, developed collaboratively with Afreximbank.
The Arab Africa Trade Bridges Program (AATB), a multi-donor, inter-regional program, has signed two agreements aimed at fostering sustainable growth and development on the sidelines of the Intra Africa Trade Fair 2023 in Cairo, Egypt.
The first agreement was signed between the AATB Program Secretary General, Hani Salem, …
