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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 …
- Newly appointed directors on the board of KEPSA take charge and embrace new strategies.
- Change of leadership also seen at KEPSA’s Governing Council where new sector chiefs will steer industry boards.
- KEPSA, which is celebrating its 20th anniversary later this year, has made a significant contribution to Kenya’s economic growth.
Jaswinder Bedi of Bedi Investment is now the Chairperson of the Board of Directors of the Kenya Private Sector Alliance (KEPSA), ushering in a new era at the head of guiding the role of private investments in the nation’s economy.
American Chamber of Commerce
On the occasion of the organization’s 19th Annual General Meeting, Brenda Mbathi of the American Chamber of Commerce, Kenya, was also elected as Vice-Chairperson. Bedi, who has served as the Vice-Chairperson of the Board since 2021 will be succeeding Flora Mutahi after her two-year tenure at the helm of KEPSA Board.
The KEPSA Board also received …
- IFC and the Sovereign Fund will identify high-impact infrastructure projects in strategic sectors in Morocco.
- They will work closely with stakeholders to structure them into viable projects, respecting the best environmental, social and governance standards.
- IFC will also support the establishment of an Infrastructure sub-fund of the Mohammed VI Fund for Investment open to Moroccan and international partners.
A cooperation between the Mohammed VI Fund for Investment and the IFC has been established to find and fund sustainable infrastructure projects in Morocco.
One of the most important segments of the Moroccan economy is the infrastructure industry. Large capital investments are necessary, necessitating more private sector investment alongside public investment.
Infrastructure projects in Morocco
In accordance with this agreement, the Sovereign Fund and IFC will find high-impact infrastructure projects in Morocco industries.
“IFC is supporting the Government of Morocco to mobilise private investment in the infrastructure sector. This new partnership signed …
Seychelles’ economy has taken a positive turn, with its blue bond economy roadmap drawing attention from international organizations. Nuveen, a global asset manager, has expressed interest in purchasing Ecuador’s new $656 million blue bond. If Nuveen can acquire this economic goldmine, it would significantly bolster the African island’s overall trajectory through its primary source of revenue.…
A recent meeting between the President of Zanzibar, Dr Hussein Ali Mwinyi and Qatar’s First Vice-Chairman, Mohamed bin Twar Al Kuwari highlighted these figures. The two high-ranking officials met in Qatar. The Zanzibar president called on investors from the rich United Arab Emirates to invest in the island.…
A total of six banks from the Middle East and Asia have raised a combined $625 million in syndicated loan to finance Africa’s infrastructure under the African Finance Corporation (AFC).
Through the AFC, Gulf Bank, National Bank of Ras Al-Khaimah, China CITIC Bank Corporation, Qatar National Bank, Doha Bank and Industrial Bank of Korea Limited joined the syndicate as first-time lenders throwing their weight behind the leading infrastructure solutions financier in Africa. …
- The Kigali Bulk Water Supply Project will be AfDB’s first private sector operation in landlocked Rwanda.
- The initiative covers the installation of a new water treatment plant, the building new wells and rehabilitating existing ones.
- It is also providing pipelines, storage reservoirs, pumping stations and water points in various parts of Kigali city.
The African Development Bank (AfDB)-backed water distribution project in Kigali, Rwanda, will benefit about 500,000 people. Rwanda, along with various development partners and agencies, has prioritised investments in water infrastructure and implemented reforms to enhance access to safe and reliable water sources.
Currently, water supply in Kigali is managed by the Water and Sanitation Corporation (WASAC). The entity is a public utility responsible for water production, treatment, and distribution. WASAC has been working to expand and upgrade the water supply infrastructure to meet the growing demand in the city.
Kigali yet to offer universal water
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