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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 …
- The Project will increase food production, income, and job creation for Kenyan smallholder farmers.
- Between 2024 and 2026, the project will support Apollo Agriculture Limited’s efforts to distribute fertilizers efficiently.
- The distribution strategy encompasses leveraging a portion of the company’s network, spanning 150 retail agro-dealers and 800 village-based agents, all under a digital platform.
The Africa Fertilizer Financing Mechanism has taken a significant stride in bolstering agricultural sustainability and productivity in Kenya by extending financial support to Apollo Agriculture Limited. This strategic move involves a $2 million partial trade credit guarantee and a $219,000 grant funding, aiming to facilitate the distribution of over 7,000 tonnes of fertilizers to approximately 100,000 smallholder farmers across the country.
The financial assistance provided by the mechanism reflects a commitment to addressing the challenges faced by smallholder farmers in accessing fertilizers, particularly those hindered by the lack of tangible collateral.
Target beneficiaries under Africa Fertilizer
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- Across Africa, Public-private partnerships (PPP) experience varies across countries due to GDP differences, capital market size and depth.
- The UN Economic Commission for Africa ECA has been working with African countries to enhance their PPPs for infrastructure development.
- ECA has been undertaking capacity building and helping economies in Africa to mobilize resources for infrastructure development.
Public-private partnerships (PPPs) are crucial to closing the financing gap for infrastructure development in Africa, and governments and the private sector should work together to create effective PPPs, said Dr Robert Lisinge, Acting Director of the Private Sector Development and Finance Division at the UN Economic Commission for Africa (ECA).
He was speaking last week at a plenary session of the African Economic Conference 2023 on Public-Private Partnerships to catalyse infrastructure development and innovative financing for industrialization in Africa.
“Financing Africa’s infrastructure is still a big challenge faced by many countries on the continent. To …
- The “Master Gas” CNG filling station, the first of 12 planned stations, has a capacity of 11,000Kg of CNG, serving well over 800 vehicles daily.
- Vehicles powered by CNG emit about 25% less CO2, contributing to Tanzania’s consumption of clean, environmentally friendly energy.
- The filling station is a joint investment by TAQA Arabia and JCG Oil & Gas.
Tanzania has marked a significant milestone with the inauguration of its inaugural Compressed Natural Gas (CNG) filling station in the port city of Dar es Salaam. The commissioning ceremony, overseen by Dr. Doto Mashaka Biteko, Deputy Prime Minister and Minister of Energy of Tanzania, celebrated the joint investment by TAQA Dalbit, a tie up between TAQA Arabia and JCG Oil & Gas.
“We are on the cusp of a transformative shift in Tanzania’s energy landscape. With the dedication and foresight of industry leaders like TAQA Dalbit, we are ushering in an era …
- An Egyptian company’s plan to build an industrial city in Kibaha by El Sewedy Industrial Development is a prime example of the growing complementarity between resources in the Middle East and those in Africa.
- Investing $400 million to create over 50,000 employees is more than a commercial move. This strategic move demonstrates Egypt’s growing clout in East Africa.
- As a result of growing interest in investing in African countries from the Middle East, the dynamic between these two regions is likely to reshape long-established economic alliances and partnerships.
Egyptian company Elsewedy’s remarkable investment in Tanzania
An Egyptian company’s plan to build an industrial city in Kibaha by El Sewedy Industrial Development is a prime example of the growing complementarity between resources in the Middle East and those in Africa. Consequently, completing a historic project in Tanzania represents a watershed moment in Africa’s economic progress.
Investing $400 million to create over …
- Afreximbank has announced plans to establish a $1 billion Africa Film Fund in 2024.
- Africa Film Fund will oversee financing of African filmmakers, producers, and directors of creative projects across the continent.
- Despite its potential to employ over 20 million people, Africa’s film industry is facing several challenges. These include limited access to financing and copyright infringement due to weak copyright laws.
The African Export-Import Bank (Afreximbank) has announced plans to establish a $1 billion Africa Film Fund to be launched in 2024. Addressing the opening of the 2023 CANEX Summit held as part of the third Intra-African Trade Fair (IATF2023), Kanayo Awani, Executive Vice President at Afreximbank, said that the fund will oversee film financing, co-finance with large studios, finance African filmmakers, and finance producers and directors of film projects across the continent.
Awani revealed that so far, the Bank has a pipeline of over $600 million …
