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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 …
- The pioneering accelerator programme aims to grow insurance coverage among low-income consumers by investing in innovative solutions in nine African countries.
- The expanded pan-African program is designed to support entrepreneurs in developing innovative solutions for the insurance sector.
- It targets Insurtech (insurance technology) innovations from Egypt, Ethiopia, Kenya, Ghana, Morocco, Nigeria, Rwanda, Uganda, and Zimbabwe.
- The expansion of BimaLab is supported by $500,000 financing from the Swiss Re Foundation.
FSD Africa has partnered with the Swiss Re Foundation and the National Bank of Rwanda to launch BimaLab Africa Acceleration Programme to raise insurance uptake among low-income consumers in nine countries across the continent.
The expanded pan-African program is designed to support entrepreneurs in developing innovative solutions for Insurtech (insurance technology) innovations from Egypt, Ethiopia, Kenya, Ghana, Morocco, Nigeria, Rwanda, Uganda, and Zimbabwe.
The expansion of BimaLab is supported by $500,000 financing from the Swiss Re Foundation, which is among the …
- In rebuilding back better post-pandemic, governments, investors, and policymakers must harness one of Africa’s greatest resources: youthful human capital.
- Africa’s human capital is the engine behind the high rate of entrepreneurship cited at 22 percent of Africa’s roughly 1.4 billion population.
- To reap maximum dividends, the governments in Africa must however roll out robust healthcare systems to guarantee optimal productivity of the workforce.
Africa’s journey to economic development has seen various countries achieving certain milestones previously thought impossible for nations caught up in a number of growth-limiting challenges. The continent has made significant strides in its agricultural economy, leading to the development of various innovations such as Kenya’s mobile cash transfer service M-PESA and novel agri-based technologies.
Data transformation has also steadily grown in countries such as Kenya, which fintech firm Fluttterwave has recognized as an East Africa’s hub. Even with these trailblazing tech breakthroughs, human capital remains the continent’s …
- Insurance firms in Kenya registered 12.2 percent jump to $2.3 billion in premiums attributable to continued economic recovery from the negative effect of COVID-19 in 2020 and 2021.
- Long-term insurance business premiums grew by 13.8 per cent to $1 billion compared to $921 million in 2021 with life assurance accounting for 25.2 per cent.
- General insurance premiums amounted to $1.2 billion with medical and motor insurance classes maintaining a leading position in terms of contribution at 32.5 percent and 31.9 percent respectively.
Insurance companies in Kenya reported a 12.2 per cent increase in premiums to $2.3 billion in the three months ending December 2022, the latest report from the Insurance Regulatory Authority (IRA) shows.
In the quarter, long term insurance business premiums increased by 13.8 percent to $1 billion compared to $921 million during a similar period in 2021. Deposit administration and life assurance classes remained the biggest contributors to …
- The International Monetary Fund (IMF) says global economic growth is set to decline marginally as ongoing banking industry turmoil raises uncertainties.
- IMF’s World Economic Outlook for April 2023 update indicates that global output will fall to 2.8 per cent in 2023 from 3.4 per cent last year, before rising to 3 per cent in 2024.
- Advanced economies to experience a slowdown to 1.3 per cent in 2023 from 2.7 per cent in 2022 as the world economy recovers from the unprecedented upheavals of the last three years.
Global economic growth is likely to decline marginally as the US banking turmoil raises uncertainties in the markets, the International Monetary Fund (IMF) has warned.
IMF’s World Economic Outlook for April 2023 update indicates that global output growth will decrease to 2.8 per cent from 3.4 per cent last year, before rising to 3 percent in 2024,
According to the report, advanced economies …
- The World Bank projects Sub-Saharan Africa’s economic growth will dip to 3.1 per cent in 2023.
- Weakening growth is attributable to multiple crises including debt burden, high inflation, and slowing global economic activity this year.
- Policymakers across Sub Sahara Africa, however, remain hopeful of navigating the impact of global economic disruptions key among them the Russia-Ukraine war that has constrained food imports
A huge debt portfolio, high inflation and slowing economic activity across the globe are set to see Sub-Saharan Africa’s economic growth dip further to 3.1 per cent this year from 3.6 per cent posted in 2022.
The projection by the World Bank comes even as policymakers across Sub Sahara Africa remain hopeful of navigating the impact of global economic disruptions key among them the Russia-Ukraine war that is constraining food imports coupled with high fuel prices which is worsening inflation.
The World Bank and the International Monetary Fund …
