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- Why Africa’s population explosion is a mixed bag of opportunities and challenges
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- Africa poised for fastest growth in $8 trillion cooling systems market
- Rwanda-based Bboxx eyes generating $100M worth of carbon credits in Africa
- Telemedicine Services in Murang’a County: Kenya’s technological Initiative to Decentralize Healthcare
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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 …
- President William Ruto of Kenya says resources should neither be controlled by the World Bank nor the International Monetary Fund.
- Africa does not want anything for free. But needs a new financial model where power is not in the hands of the few, says Dr Ruto.
- In Paris, President Ruto says the world cannot continue normally when things are not going forward.
Kenya’s President William Ruto has has called for a new world financing model to tackle poverty and negative effects of climate change. Dr Ruto is advocating for a financial architecture made up of equals. This is his latest call as he continues to emerge as Africa’s most vocal leader since his election in August last year.
According to the leader of East Africa’s top economy, President Ruto said resources should neither be controlled by the World Bank nor the International Monetary Fund. “Africa does not want anything for …
- The Cairo meeting is part of a series of regional forums that the African Hidden Champions (AHC) initiative is undertaking.
- North Africa is a vital part of the African economic growth story, said Wael Akari Co-partner DEG.
- Edita Foods, Sekem, Haggar Group, Al Araby Group, and Andalusia Hospitals among firms at the forum.
African Hidden Champions (AHC), a platform showcasing Africa’s best companies while exploring investment opportunities has hosted its first forum in North Africa in Cairo City. The event is part of a series of regional forums under AHC targeting key trading hubs in Africa this year.
AfDB partners with African Hidden Champions
In late May, AHC held its first regional event of 2023 in Nairobi, Kenya. The session provided a platform for AHC to share its vision with business executives from the East African region.
The Nairobi reception marked the African Development Bank’s (AfDB) first official engagement with …
- USAID is committing $3 million in funding for water and sanitation investment projects in Africa.
- The financing through African Water Facility (AWF) will be in grants and technical assistance to African countries.
- AWF assists African nations in achieving the goals and targets outlined by the African Water Vision 2025.
The African Water Facility (AWF) has received a $3 million commitment from the United States Agency for International Development (USAID). The financing will facilitate the planning of water and sanitation investment projects in Africa. Financing will be through grants and technical help to African nations and regional economic groups.
Housed by the African Development Bank, the African Water Facility was launched by the African Ministers Council on Water. It is the first institution in Africa fully dedicated to addressing water and sanitation challenges.
AWF assists African nations in achieving the goals and targets outlined by the African …
- About 200,000 people in Windhoek will benefit from AfDB-funded solar lighting project.
- AfDB’s Urban and Municipal Development Fund helps countries invest in climate resilient cities.
- Rapid and uncontrolled urbanization in Namibia’s capital has seen the steady rise in informal settlements.
An estimated 50,000 homes in Namibia’s informal settlements will benefit from solar power connections as green revolution across African economies picks up speed. The solar project targeting informal settlements in Namibia’s capital city has received a grant of $485,000 from the African Development Bank’s Urban and Municipal Development Fund .
In Windhoek, where around 20 per cent of the population lacks access to power, the “Informal Settlement Renewable Electrification and Upgrading Program” will directly assist almost 200,000 people.
The Urban and Municipal Development Fund of the AfDB supports national socioeconomic development and poverty reduction by assisting governments in funding sustainable urban development for more livable, productive, and climate resilient cities.…
- Seedstars Capital represents an alternative investment platform focused on supporting emerging fund managers and investing in technology companies in emerging and frontier markets.
- Fondation Botnar is a Swiss philanthropic foundation dedicated to improving the health and well-being of young people living in urban areas worldwide.
- The partnership reflects their shared commitment to fostering positive impact through strategic investment.
Switzerland-based investment platforms– Seedstars Capital and Fondation Botnar have launched the Seedstars Youth Wellbeing Ventures mandate targeting Africa. Consequently, they intend to invest $20 million in early-stage, purpose-driven companies. These companies will help improve the well-being of young people in low- and middle-income countries across the continent.
Seedstars Capital represents an alternative investment platform. The platform supports emerging fund managers and invests in technology companies in emerging and frontier markets. Moreover, Fondation Botnar is a Swiss philanthropic foundation dedicated to improving the health and well-being of young people living in urban areas…
- Kenya is keen on delivering quality engineering capacity by establishing Kenya School of Engineering.
- President William Ruto says engineering holds the catalytic power to Kenya’s Bottom-Up Economic Transformation Agenda.
- Kenya’s high-rise structures’ structural soundness has come under scrutiny in recent years, prompting concerns.
By pointing out that engineering innovation contains the catalytic capacity for the Bottom-Up Economic Development Agenda, President William Ruto is urging engineers to take the lead in Kenya’s development
“Engineering is our growth’s bedrock; the link between a country’s engineering capacity and its development is well established,” Dr Ruto explained during the 4th Engineering Partnerships Convention in Naivasha, Nakuru County.
Kenya School of Engineering
Dr Ruto said his administration seeks to build the best possible engine for engineering innovation, which is essential for promoting Kenya’s sustainable growth.
The President outlined how the establishment of a Kenya School of Engineering will help the government deliver quality engineering innovation …
