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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 …
- AIM Congress 2024 will run under the theme “Adapting to a Shifting Investment Landscape: Harnessing New Potential for Global Economic Development.”
- The forum aims to provide an in-depth understanding of shifting investment dynamics and their global impacts.
- Global leaders, investors, and innovators will convene from 7th to 9th May 2024 at the Abu Dhabi National Exhibition Centre.
In a dynamic world marked by shifting investment landscapes, the 13th edition of the world-renowned investment platform, now rebranded as “AIM Congress,” is set to convene global leaders, thinkers, and innovators from 7th to 9th May 2024 at the Abu Dhabi National Exhibition Centre (ADNEC).
This high-level event, co-hosted by AfriCatalyst and Open Society Foundations, will explore the changes in the global investment arena. Participants will seek sustainable solutions to navigate these changes with a view to benefiting economies.
Under the theme “Adapting to a Shifting Investment Landscape: Harnessing New Potential for Global …
Eritrea has an extensive coastline along the Red Sea but limited freshwater resources. Faced with erratic rainfall patterns that have left much of the country arid, Eritrea is rising to the challenge with determination, innovation, and a strong sense of self-reliance. Within just three years, Eritrea has harnessed its local engineering talent and rallied thousands of its citizens, including students from technical and vocational schools, to construct Msilam Dam.…
- AfDB’s Africa Climate Risk Insurance Facility for Adaptation will insulate the agricultural sector against losses.
- The product will boost countries’ preparedness, adaptation, and resilience against flooding, drought, and famine.
- The facility will contribute to building the data needed for robust early warning systems across Africa.
In a world gripped by the urgent need to address climate change, Africa stands out as a continent that emits the least carbon yet bears the brunt of its consequences. The recently concluded Africa Climate Summit shed light on this paradox and ignited a crucial initiative by the African Development Bank: the ‘Africa Climate Risk Insurance Facility for Adaptation (ACRIFA).’
This insurance programme aims to introduce a disaster relief insurance system to shield African nations from the ravages of catastrophic weather-related events.
Insurance armor against climate crisis
Agriculture, the lifeblood of many African economies, finds itself in the crosshairs of climate change. ACRIFA’s mission …
- Masdar, UAE’s flagship renewable energy firm will work with Africa50 to identify, accelerate and scale clean energy projects across the continent.
- Ahead of COP28, Masdar will seek to unlock 10GW of clean energy projects for millions of people across Africa by 2030.
- The deal was struck on the sidelines of Africa Climate Summit held in Nairobi, Kenya.
Abu Dhabi Future Energy Company PJSC, known as Masdar, has joined hands with Africa50, the pan-African infrastructure investment platform, to propel the clean energy revolution across Africa, home to 1.3 billion people.
This collaboration, solidified by a memorandum of understanding (MoU) signed by Masdar CEO Mohamed Jameel Al Ramahi, and Alain Ebobissé, CEO of Africa50, is set to bridge the infrastructure funding gap and mobilize both public and private finance to fast-track and scale clean energy projects.
Africa’s journey to sustainable future
The alliance between Masdar and Africa50 brings together two powerhouses—one known …
- UK’s $18.86M investment will support healthcare workers recruitment and retention efforts in Kenya, Nigeria, and Ghana.
- Financing is seen as a boost to achieving universal health coverage while bolstering global pandemic preparedness.
- The three countries were selected for the financing due to their evident need for workforce support.
In a significant move to address pressing healthcare workers’ challenges in Africa, the UK government has allocated $18.86 million in funding to boost healthcare staffing levels in Kenya, Nigeria, and Ghana.
This investment is geared towards supporting healthcare staff recruitment and retention efforts. Overall, the investment seeks to fortify these nations against global health crises.
UK Health Minister Will Quince, speaking on the importance of this funding, emphasized that it aims to enhance the performance of health systems in these countries. Quince added that the initiative will have a cascading effect on improving global pandemic preparedness and reducing health disparities.
Boosting global
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- The first index which comes into effect immediately is the NSE 10 Index. This will monitor the performance of Safaricom, and lenders Co-op, Equity and KCB.
- It will also monitor KenGen, EABL, Kenya Re, Absa, Centum and NCBA Group stocks, which complete top ten listed firms.
- The bourse has also unveiled the NSE-BI which is set to launch on October 1. The new index will focus on the bond market.
The Nairobi Securities Exchange (NSE) will track the performance of its top ten listed firms and monitor the bond market using two new market indices. The first index, which comes into effect immediately, is the NSE 10 Index. This will monitor the performance of the equities of telco Safaricom, and lenders Co-op Bank, Equity and KCB.
It will also monitor the equities of KenGen, EABL, Kenya Re, Absa, Centum and NCBA Group which complete the set of top …
