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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 …
- Inflation is cooling gradually but remains stubbornly high in most economies, including Africa, UK and U.S. despite the efforts of central banks according to economic experts.
- In 2023 EIU forecast that disinflation in SSA will be slower than on all continents barring Latin America and Asia and Australasia, and that SSA inflation will average 12.5 percent.
- Markets are now betting on a longer period of higher interest rates as they begin to take heed of the message from central bank officials.
Inflation is cooling gradually but remains stubbornly high in most economies, including Africa, UK and U.S. despite the efforts of central banks according to economic experts.
Average annual inflation in Sub-Saharan Africa (SSA) in 2022, hit 14.5 percent year-on-year on aggregate according to Economist Intelligence Unit (EIU) and is estimated to have been higher than in any other region of the world except the Middle East and North Africa, …
- The Kenyan real estate industry recorded a bounce back in 2022 after two years of a sharp drop during the COVID-19 pandemic
- The Status of the Built Environment Report 2023 noted that the pandemic was an eye-opener, making people appreciate the need for spacious rooms, clean air, and sufficient parking, leading to improved quality of spaces in property development
- The economy’s recovery has significantly contributed to the rise in the price of land and houses while also reviving the rental market
- Infrastructural developments across various parts of the country have also been a significant factor in property prices
The Kenyan real estate industry recorded a bounce back in 2022 after two years of a sharp drop during the COVID-19 pandemic, a new report has shown.
The Status of the Built Environment Report 2023 noted that most people reserved their savings to support their livelihoods rather than investing in sectors such …
- Kakuzi Plc to double Avocado exports to China following an engagement with Dalian Yidu Group, a major Chinese importer of fresh fruits and vegetables
- The firm said it is set to enhance its exports to China once the harvest season opens late next month
- Kakuzi has also expanded its Avocado orchards by a further 60 hectares, up from 927 hectares at a KSh120 million investment cost, to expand production
- The firm posted KSh 341.3 million in net profit in the six months that ended June 2022, thanks to increased sales, particularly against the firm’s strategic Avocado and Macadamia crops
Kakuzi Plc has confirmed plans to double Avocado exports to China following an engagement with Dalian Yidu Group, a major Chinese importer of fresh fruits and vegetables.
Kakuzi Plc Managing Director Chris Flowers said the firm is set to enhance its exports to China once the harvest season opens late next …
- IBL Group, a multinational conglomerate has acquired an undisclosed stake in Harley’s, a pharmaceutical distributor based in Kenya.
- The transaction marks the group’s latest investment in Kenya, following the acquisition of a 26.32-percent stake in Naivas Limited for Ksh12.5 billion (US$100 million) last year.
- IBL revenues for six months ended 31 December 2022 increased by 24 per cent to Rs 27.06 billion. Operating profit for the Group has increased to Rs 1.99 billion from Rs1.65 billion in 1H2022, representing a growth of 20 per cent.
Mauritian conglomerate Ireland Blyth Limited (IBL) has bought an undisclosed stake in Nairobi-based pharmaceuticals distributor Harley’s as part of a consortium that has taken control of the company.
This marks the latest investment in Kenya for IBL which last year acquired a 26.32 per cent stake in supermarket chain Naivas Limited for US$100 million (Sh12.5 billion) also as part of a consortium, underscoring the group’s …
- South Africa is set to host Africa’s Green Economy Summit starting February 22, 2023, in Cape Town.
- The summit is part of the E-Fest Cape Town that will culminate in the Formula E 2023 Cape Town E-Prix race in the same week on Saturday, 25 February 2023.
- Africa’s Green Economy Summit will bring together stakeholders deliberating investment prospects in the green economy.
Cape Town is ready to host Africa’s Green Economy Summit that connects global capital and green economy projects starting February 22 to February 25, 2023.
The summit is part of the E-Fest Cape Town that will culminate in the Formula E 2023 Cape Town E-Prix race in the same week on Saturday, 25 February 2023.
Speaking ahead of the conference, Western Cape Premier Alan Winde said there is huge potential in the Western Cape’s green economy.
“The economy is bristling with opportunity even in the face of the …
- IFC, DEG, Hollard, and Yellowwoods Invest $17 million in Naked to Boost Access to Insurance in South Africa
- The IFC – Led equity Investment is aimed at increasing access to quality insurance products and services in South Africa
- The combined investment will also support Naked’s strategy to expand its digital insurance offering, including to more first-time insurance buyers, and allow it to continue innovating to improve customer experience.
The International Finance Corporation (IFC) has partnered with the German Development Finance Institution (DEG), Hollard, and Yellowwoods to invest $17 million in South African insurtech company Naked to expand access to vehicle, home, and other insurance products.
The IFC-led equity Investment is aimed at increasing access to quality insurance products and services in South Africa
The combined investment will also support Naked’s strategy to expand its digital insurance offering, including to more first-time insurance buyers, and allow it to continue innovating to …
