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- Why Africa’s population explosion is a mixed bag of opportunities and challenges
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- Rwanda-based Bboxx eyes generating $100M worth of carbon credits in Africa
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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 …
- Tigere Property Fund, a Real Estate Investment Trust (REIT), declared its first US dollar dividend, totaling US$152,000.
- This marks a major milestone for the company, which listed on the Zimbabwe Stock Exchange (ZSE) last year.
- The global REIT market size is estimated to increase by USD 333.01 billion between 2022 and 2027. The market’s growth momentum will accelerate at a CAGR of 2.8% during the forecast period.
Zimbabwe’s Real Estate Investment Trust (REIT) market has seen a significant development in recent times, with one REIT making a bold announcement regarding its dividends. Tigere REIT, known for its extensive real estate portfolio, has declared that it will be paying out its dividends in US dollars.
Tigere Property Fund, Zimbabwe’s first real estate investment trust (REIT) declared its maiden dividend of US$ 152 577 in line with its Listing Prospectus. The REIT, which was listed on the Zimbabwe Stock Exchange on November …
- Letshego Holdings is the number 1 most traded stock on the Botswana Stock Exchange over the past three months.
- The company has traded a total volume of 27 million shares—in 177 deals—valued at BWP 33.8 million over the period, with an average of 429,146 traded shares per session.
- Letshego Holding stated its intention to streamline its business operations in Tanzania, and appointed Gorata Tlhale Dibotelo as Head of Group Legal, Governance, and Group Company Secretary.
Letshego Holdings Limited (LHL), an inclusive financial services group with microfinance, banking and consumer lending subsidiaries across 11 countries in sub-Saharan Africa, has confirmed the appointment of Gorata Tlhale Dibotelo as the new Head of Group Legal, Governance and Group Company Secretary.
The announcement comes on the heels of the Group’s intention to streamline its Tanzania business operations, which was announced on January 27, 2023.
“Letshego Holdings Limited wishes to confirm the appointment of Gorata …
- CFAO Motors has introduced a new hatchback model dubbed Suzuki Baleno into the Kenyan market, at a cost of KSh 2.73 million
- The Suzuki Baleno is powered by a 1500cc petrol engine that delivers robust performance and fuel efficiency
- Customers can also acquire the vehicle through financing options through major financial institutions in Kenya
CFAO Motors, formerly known as Toyota Kenya, has introduced a new hatchback model dubbed Suzuki Baleno into the Kenyan market, at a cost of KSh 2.73 million.
On February 14, 2023, the company announced that the move is intended to help the firm meet the growing demand for fuel-efficient vehicles in Kenya.
The Suzuki Baleno is powered by a 1500cc petrol engine that delivers robust performance and fuel efficiency.
The new sporty and stylish model also features a 4-speed automatic transmission, 360-degree camera plus Heads Up Display, 6 airbags, LED headlights, 9-inch infotainment system display, and …
- Jubilee Insurance has partnered with USIU-Africa to launch a regional mentorship program to help students better prepare for the workplace
- The program is expected to impact 100 students from various disciplines this year, with a targeted number of 300 students over the next three years
- The program will be implemented by the USIU-Africa Placement Career Services team who will train 50 Jubilee Insurance staff members from Kenya, Uganda, and Tanzania on mentoring skills
Jubilee Insurance has partnered with the United States International University–Africa (USIU-Africa) to launch a regional mentorship program to help students better prepare for the workplace.
The program is expected to impact 100 students from various disciplines this year with a targeted number of 300
students over the next three years.
The program will be implemented by the USIU-Africa Placement Career Services team who will train 50 Jubilee Insurance staff members from Kenya, Uganda, and Tanzania on mentoring …
- The recent announcement of migration of African Sun Limited to the VFEX highlights the growing trend of local businesses shifting away from the ZSE and towards the more favourable investment environment provided by the VFEX.
- With its flexible exchange rate controls, lower trading fees, and ability to raise capital in hard currency, the VFEX offers a unique opportunity for businesses to enhance their marketability and market capitalisation.
- As more companies make the switch, the VFEX is likely to become the preferred choice for local businesses looking to raise capital and grow their operations.
Hospitality Group, African Sun Limited, has recently made the decision to migrate to the Victoria Falls Stock Exchange (VFEX), following a number of local business entities who have also made the switch from the Zimbabwe Stock Exchange (ZSE). This move has sparked discussions regarding the reasons behind the shift and the benefits of listing on the VFEX.…
- Norfund invested US$32 million in Kenya in 2022 and plans to further increase financing to local enterprises seeking growth support in 2023
- The fund said it would continue to invest in the region, focusing on profitable enterprises with the potential to contribute to economic and social development
- Norfund is owned and funded by the Norwegian Government and has a portfolio of US$372 million invested in Kenya across various sectors of the economy
The Norwegian Investment Fund (Norfund) invested US$32 million in Kenya in 2022 and plans to further increase financing to local enterprises seeking growth support in 2023.
On February 9, 2023, Norfund said it would continue to invest in the region, focusing on profitable enterprises with the potential to contribute to economic and social development.
Norfund helps build sustainable businesses that would not otherwise be developed because of the high risks involved by providing equity and other risk capital …
