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- Why Africa’s population explosion is a mixed bag of opportunities and challenges
- Africa’s capital market access is improving, and so is the appetite for Eurobonds
- From safari icons to status symbols: The dual fate of Tanzania’s black rhinos
- Tanzania taps $149 million IMF loan for budgetary support
- 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
- The bitter pill of cocoa’s value chain in Ghana and Ivory Coast
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 …
- Leaders are meeting in Nairobi for the Eastern Africa ‘Waste is Wealth’ conference.
- The inaugural Waste is Wealth Series is organised by Taka Ni Mali, East African Business Council, and Alliance for Science.
- The three-day conference is themed: Promoting Effective Waste Management Practices for Environmental Conservation and Climate Change Mitigation.
The concept of a circular economy is fast gaining momentum in East Africa with both the private sector and government’s stuck on the drawing board shaping policies and regulations to help realise the shift.
World business leaders, policy makers, academics and NGOs have argued that a move towards a more circular economy is necessary to help solve global environmental and economic challenges.
Moving towards a more circular economy could increase competitiveness, and stimulate innovation. It will also boost economic growth and create jobs across economies.
Waste is Wealth
It is against this background that leaders are meeting in Nairobi for …
DP World, a global leader in supply chain solutions, announced a partnership with Standard Bank to offer trade finance solutions. This partnership will act as the bridge between African businesses and the DP World Trade Finance to open new doors of opportunity for the continent.…
- The bulk of Tanzania’s population is not under any form of cover with industry statistics putting penetration at 1.68 percent.
- Gross premiums hit $486 million last year from $388 million in 2021, the Association of Tanzania Insurers (ATI) says.
- As of May 2023, a total of 34 insurers including three reinsurance companies had presence in Tanzania.
Insurance saves lives. This was how Sicola Enock, a mother summarised Tanzanian’s Community Health Fund (CHF), a social welfare cover that was introduced in 2001 to help families in rural areas.
“When my husband got sick, we incurred many consultation fees before treatment. But, when we acquired the CHF, things changed. Now the health insurance serves more than ten family members,” Sicola added.
Sicola is part of about 15 percent of Tanzania’s population now covered CHF health insurance.
However, the bulk of Tanzania’s population is not under any form of cover. Latest figures show …
- The Middle-East market is showing great potential as the period from January to March 2023 witnessed a 20 percent jump in arrivals.
- Building on this positive trajectory, Kenya aims to expand the Middle-East market by 30 percent by June 2024.
- Authorities are leveraging partnership with Kenya Airways, travel agents, and private sector players.
Tourist numbers from the Middle East are registering an impressive pattern in Kenya, pointing to a key emerging source of holidaymakers, a trajectory that could drive arrival numbers, shoring up the country’s forex earnings.
To drive international arrival numbers, the Kenya Tourism Board (KTB) is strategically positioning itself. The latest developments indicate KTB is harnessing recently-launched Mombasa and Dubai direct flights to woo tourists. With wide offerings for Mombasa-bound holidaymakers, Kenya could tap Middle-East market and boost inbound tourism.
Rising tourist numbers from the Middle East
The Middle East market is showing an immense potential on boosting …
- James Mwangi, Africa Climate Venture CEO and founder of Dalberge Investors says by 2030 the organization will eliminate one million tonnes of carbon per year.
- The FSD Africa investments raised $1.078 million as a convertible loan to support the venture builder’s formalisation.
- FSD Africa will grant $93,392 to support the development of premium carbon credit, marketing of portfolio and pipeline companies.
FSD Africa investments have raised $1.078 million in Africa Climate Ventures (ACV), a pioneering venture builder working at improving Africa’s climate change response and carbon ecosystem. ACV seeks to address challenges associates with rapid climate change, which are affecting small-scale farmers throughout Africa.
Africa has significantly improved its economic development over the past decade. Its digital transformation has improved multiple industries, including agriculture through agritech. With this newfound technology, many innovators have set out to represent the continent’s innovators to potential investors.
Africa Climate Ventures’ focus
They each seek …
- At least four Moscow schools will teach Swahili and Amharic for children starting September 2023 as part of the new special program.
- Historically, Russia was one of the countries where the African elite went to earn degrees. Calls for Russia and Africa to resume educational exchanges intensify.
- Experts also call for cooperation in agriculture, energy and investments between Russia and Africa.
Next time you land in Moscow, do not be surprised to if you come across common Swahili greetings such as “Jambo” (Hello), “Habari” (How are you?), and “Asante” (Thank you) as you transact across Russia.
Swahili is a language spoken by millions of people in East Africa, particularly in Tanzania, Kenya, Uganda, Rwanda, Burundi, and the Democratic Republic of Congo. It is also the official language of the East African Community. Swahili ranks among the top 10 widely spoken language with about 200 million people using it.
According to …
