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 …
- Africa is at the center of global sustainability transitions such as decarbonization of production systems.
- The continent is also seeing electrification of transportation infrastructure and accelerated use of renewable energy.
- African Continent Free Trade Area (AfCFTA) is an opportunity to bridge the inequality and vulnerability gap while fostering recovery and transformation in Africa.
Africa – pummeled by a combination of crises – should swiftly invest in and implement people-centered strategies to mobilize financial resources and accelerate continental economic recovery, the Economic Commission for Africa now says.
Speaking during the opening of the ministerial segment of the 55th Session of ECA’s Conference of African Ministers of Finance, Planning and Economic Development, in Ethiopia, Executive Secretary Antonio Pedro said Africa was at the center of global sustainability transitions, such as decarbonization of production systems, electrification of transportation infrastructure and accelerated use of renewable energy, which he said should underpin its recovery from …
- Africa is an emerging market in forex trading, and its potential for growth is immense.
- Forex trading in Africa is a growing industry, but it faces significant challenges.
- These include lack of infrastructure, education, and awareness, coupled with fraudulent activities, have hindered its growth.
Online Forex trading in Africa is still in its nascent stage and is largely driven by the youth. In layman’s terms, forex trading is the act of buying and selling currencies to make profits based on speculating the relative upward or downward movements of currencies.
According to ForexSchoolOnline.com, the average age of forex traders is between 25-44 years old, with 9 per cent aged 65 or older. Only 37 per cent of traders are either breaking even or profitable, while 63 per cent are unprofitable. Most traders (72 per cent) have no experience trading other markets before forex, and 40 per cent of traders are …
- NCBA in partnership with the Kenya Mortgage Refinance Company (KMRC) has rolled out a home acquisition initiative that will enable Kenyans own a home at affordable interest rates.
- The proposition will allow NCBA customers to own homes starting from 9.5 percent interest rate.
- The mortgage loan will be used to acquire new homes or to construct for residential purposes, in major towns across the country.
NCBA in partnership with the Kenya Mortgage Refinance Company (KMRC) has rolled out a home acquisition initiative that will enable Kenyans own a home at affordable interest rates.
The proposition will allow NCBA customers to own homes starting from 9.5 percent interest rate with up to 25 years repayment and 105 percent home financing, with a limit of a loan amount of up to Sh6 Million to be issued.
The mortgage loan will be used to acquire new homes or to construct for residential purposes, …
- Premier Bank Limited Somalia (PBLS) has completed the acquisition of a 62.5% shareholding of First Community Bank Limited (FCB) effective 27th March 2023
- FCB is classified as a Tier 3 bank in Kenya with 18 branches and a market share of 0.3% as of December 2022
- PBLS is the first bank in Somalia to establish a majority-owned banking subsidiary in Kenya
- CBK said that the acquisition will strengthen the trade and investment ties between Kenya and Somalia
The Central Bank of Kenya (CBK) has announced that Premier Bank Limited Somalia (PBLS) has completed the acquisition of a 62.5% shareholding of First Community Bank Limited (FCB) effective 27th March 2023.
The acquisition comes after receiving regulatory approvals from the CBK and the Cabinet Secretary for the National Treasury.
According to CBK, FCB, which has been in operation since June 2008, is classified as a Tier 3 bank in Kenya with 18 …
- The European Union Investment Bank (EIB) have agreed with commercial banks to unlock a whole new business financing valued at around $580 million.
- The EU is optimistic about the government’s efforts to attract businesses and support investment
- Tanzania Development Vision (TDV) 2025 indicates that about 54.3 percent of Tanzania’s small, medium and micro enterprises (MSMEs)
Over the past two years, President Samia’s administration has not only brought back confidence to investors who left Tanzania but attracted new ones and reinforced the old partners, including the United States.
Tanzania is walking confident with almost $1 billion in investment from various companies from the US, thanks to President Samia’s US visit in April 2022.
The European Union Investment Bank (EIB) and other investors have agreed with commercial banks in Tanzania to unlock a whole new business financing valued at around $580 million.
The support is breathing life into additional capital to small …
- Bangkok-based hotel chain Dusit International has announced plans to open a hotel-serviced apartment in Westlands Nairobi in 2023 dubbed ‘Dusit Princes Hotel Residences’
- The upper-middle class property will comprise a hybrid of 56 one-bedroom and 30 studio apartments and 14 deluxe hotel rooms
- The opening of ‘Dusit Princes Hotel Residences’ comes after the closure of ‘DusitD2 Nairobi’ in 2021, a luxury hotel branch of Dusit International which was located at 14 Riverside Complex in Westlands
Dusit International says it plans to open a hotel-serviced apartment in Westlands Nairobi in 2023 dubbed ‘Dusit Princes Hotel Residences’, along Mimosa Lane off Church Road.
The Bangkok-based Thai Hotel and property development company said the upper-middle-class property will consist of a hybrid of 56 one-bedroom and 30 studio apartments and 14 deluxe hotel rooms.
Other facilities at the property will include an Italian-inspired restaurant dubbed ‘The Olive Restaurant’, a rooftop bar dubbed ‘The Aviary …
