Trending
- 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 …
- Econet Wireless Zimbabwe is Zimbabwe’s largest provider of telecommunications services.
- The financing is aimed at redeeming the outstanding debentures in the capital of both companies.
- EcoCash Holdings Zimbabwe is the ninth most traded stock on the Zimbabwe Stock Exchange over the past three months
Zimbabwe Stock Exchange (ZSE) listed Econet Zimbabwe and its subsidiary, EcoCash Holdings, have announced their intention to raise US$30.3 million through a renounceable rights issue. The move is aimed at redeeming the outstanding debentures in the capital of both companies.
The recent rights issue on the ZSE is similar to the 2020 offer made by retailer Edgar’s to its shareholders.
A renounceable rights issue is a type of share offering in which existing shareholders are given the opportunity to buy new shares in proportion to their existing holdings. This means that existing shareholders can choose to buy a certain number of additional shares at a …
- Crowdfarming is a concept that aims to address these challenges by equipping smallholder farmers with the resources they need to grow crops and raise livestock.
- The global crowdfunding market was estimated to be over US$17 billion in 2020, with an annual growth rate of 16 per cent – 17 per cent.
- Between 2013 and 2016, over 78 per cent of annual African crowdfunding occurred in South Africa, Nigeria and Kenya.
When it comes to the agricultural sector in Africa, the concept of crowdfarming is shrouded in mystery. This relatively new phenomenon has attracted a lot of attention in recent years and is hailed by many as a solution to the many challenges faced by smallholder farmers on the continent. But what exactly is crowdfarming and what opportunities does it offer for investors and farmers alike?
First and foremost, it is important to understand the importance of agriculture in Africa. Despite …
- A2X will mark the fourth exchange that Shoprite Group shares will be available to investors.
- A2X market has partnered with Aqui Exchange, providing it with a licensing matching engine, surveillance and clearing technology.
- The Namibian Stock Exchange (NSX) and Lusaka Securities Exchange (LUSE) have also listed Shoprite Group as an instrument in their respective countries.
Shoprite Group, South Africa’s largest retailer, has been approved for a secondary listing on A2X Markets, an upcoming stock exchange market. The retailer’s shares will be available for trade on A2X from April 11, 2023.
On April 4th, A2X Market announced that Shoprite Group had met the criteria for appearing under its secondary listing. This sudden turn of events is not unexpected, as South Africa’s largest retailer has had a series of wins over the past years.
A2X will mark the fourth exchange that Shoprite Group shares will be available to investors after Johannesburg Stock …
- Kenyan youth are frequently asked to consider farming as a way of making a living
- Some agree while others rubbish the trade saying it is difficult
- Challenges facing farmers in Kenya include the high cost of farming inputs, cartels along the production chain and lack of sufficient land for farming commercially
Kenyan youth have been urged time and time again to turn to farming to make a living, amid high levels of unemployment. They are also frequently asked to use farming as a means of increasing the amount of food produced in the economy to aid food security.
For instance, youths in Elgeyo Marakwet were recently urged to engage in crop farming for economic purposes. Crop farming would also reduce their over reliance on livestock farming, which has contributed to banditry in the region.
A finding by the Food and Agriculture Organisation (FAO) explains that agriculture contributes 33% to the …
- WestProp Holdings Limited says it is on track to list soon at the Victoria Falls Stock Exchange (VFEX).
- The IPO offers one million ordinary shares at US$ 10 each and US$ 5.4 million preferential redeemable convertible shares at US$ 5 each.
- “WestProp’s IPO is to raise US$30 million capital to accelerate development of existing projects.
WestProp Holdings Limited, a property development and investment company, is set to list on the Victoria Falls Stock Exchange (VFEX) following the Board of Directors’ announcement of their upcoming offers.
The VFEX -a USD-indexed bourse and also a subsidiary of the Zimbabwe Stock Exchange (ZSE) has been attracting many companies since its formation over two years ago due to several sweeteners, including zero capital gains tax on share disposal and lesser transacting costs. To date, the VFEX has managed to get 9 listings.
The offers include the issuance of up to 5,400,000 convertible redeemable participating …
- Five markets account for 56 percent of the continent’s high-net-worth individuals (HNWIs) and 90 percent of its billionaires.
- Mauritius is expected to experience the highest wealth growth rate at 75 percent over the next decade.
- South Africa ranks as one of the 20 largest prime residential markets in the world, well ahead of the other countries in Africa
When it comes to Africa wealth, only five countries hold more than half of Africa’s wealthiest persons. Despite all the signs pointing to Africa ascending towards the wealth ranks of the world, the scales are uneven.The recent Africa Wealth report by Henley and Partners in partnership with New World Wealth depicted interesting regional wealth records.
Africa holds an investable wealth worth around $2.4 trillion, an additional $3 billion from $2.1 trillion in 2022, where the region had 21 billionaires compared to 46 in 2023.
On the other hand, the millionaire population stand …
