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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 …
- Oil-rich UAE will provide $4.5 billion, drawing contributions from both the public and private sectors.
- In Nairobi, the US has pledged an annual commitment of $3 billion to bolster climate adaptation initiatives.
- The European Commission unveiled a €1 billion ($1.07 billion) fund designed to de-risk green bonds and attract private investments in emerging markets.
The US and the United Arab Emirates (UAE) have stepped up their support for Africa’s climate action efforts with multi-billion-dollar pledges during the inaugural Africa Climate Summit in Nairobi.
The commitments come at a crucial time as Africa grapples with the severe impacts of industrial pollution, with 17 out of the 20 worst-affected countries calling the continent home.
US Unveils PREPARE: $3 Billion Annual Commitment
John Kerry, US Climate Envoy, unveiled President Joe Biden’s Emergency Plan for Adaptation and Resilience (PREPARE), signaling Washington’s strong commitment to climate adaptation across countries. Under PREPARE, the US has pledged …
- One of Africa’s biggest pipeline is the 4,100Km Trans-Sahara Gas Pipeline connecting Nigeria and Algeria oil fields.
- At 1,443Km East African Crude Oil Pipeline will connect Uganda’s oil fields to Tanzania’s coast.
- Cutting across seven countries, the Central African Pipeline System will include refineries, gas-to-power plants, and LNG terminals.
As oil and gas industries continue to grow in Africa, the construction of regional, intra-African pipelines has a huge part to play in distributing these hydrocarbons across the continent, allowing Africa to reap the benefits of its energy resources.
These benefits included improved access, availability, and affordability of energy as well as energy security. It also contributes to added revenue to the participating countries and the skills development of local companies and individuals.
Africa, a continent teeming with untapped energy potential, has long been grappling with the challenge of delivering its vast oil and gas resources to its energy-hungry populations.
With …
Africa’s e-mobility is gaining momentum, largely driven by the daunting climate change crisis, fueling the need to decarbonize transport systems. African countries remain in pursuit of e-mobility solutions and advancement to low-carbon economies. Africa’s endowment with minerals key to the global green transition offers a significant advantage.…
- Initiative with the US company is expected to cost around $15 million in initial investments.
- The joint venture will primarily focus on producing aircraft thermo-acoustic insulation blankets, electrical wire harnesses, and other parts.
- As of early June, Ethiopian Airlines’ order book comprises 29 aircraft, including 17 Boeing 737 MAXs, five Boeing 777Fs, one Boeing 787-9, and six Airbus A350-1000s.
Africa’s largest carrier, Ethiopian Airlines, is set to make aviation history as it enters a groundbreaking joint venture with Boeing to manufacture aircraft parts.
The collaboration, which is expected to cost around $15 million in initial investments, aims to bolster Ethiopia’s aerospace industry.
The Ethiopian Investment Commission announced the deal on August 18, revealing that the state-owned airline has already signed a memorandum of understanding with Boeing and the local state Industrial Parks Development Corporation (IPDC).
Ethiopia Airlines, Boeing joint venture
This strategic partnership will establish a cutting-edge aerospace factory at …
- Africa’s vast untapped oil and gas reserves have the potential to reshape the continent’s energy landscape and stimulate sustainable economic growth.
- At the same time, Europe is charting a course toward renewable energy sources, driven by escalating environmental concerns.
- These divergences in priorities necessitate a strategic approach to simultaneously achieve progress, address energy security and tackle climate change challenges.
The global energy landscape stands at a defining moment where Africa and Europe are confronted with parallel challenges and shared aspirations in their pursuit of sustainable development.
As the countdown to the African Energy Week (AEW) begins, the spotlight shifts towards pivotal talks which aims to harmonize Europe’s renewable energy vision with Africa’s drive towards oil and gas-powered industrialization.
Africa-Europe intertwined priorities
The forthcoming Africa-Europe Roundtable Discussion, set for October 16-20 in Cape Town, South Africa, offers a platform to unravel the intricacies of these intertwined priorities, underlining the essential role …
