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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 …
- KQ Cargo has entered into a codesharing agreement with Astral Aviation to boost trade between Africa and the Middle East
- The codesharing deal is the first of its kind in Africa, and it would boost trade and commodity movement from the Middle East into Africa by leveraging the strengths of the two cargo operators
- Kenya Airways and Astral Aviation have had a commercial and interline cooperation for cargo for the past 20 years
Kenya Airways cargo unit (KQ Cargo) has entered into a codesharing agreement with Astral Aviation to boost trade between Africa and the Middle East. The codesharing deal is the first of its kind in Africa.
KQ said it would put its codeshare flight numbers on Astral Aviation flights originating from Dubai in the United Arab Emirates into Nairobi for onward distribution within Africa.
The agreement by the two leading cargo operators on the African continent is expected …
- Land Investment in the Nairobi Metropolitan Area is the only sector projected for growth in 2023 according to the latest data from Cytonn Investments.
- Land has continued to establish itself as a reliable investment opportunity, displaying great resilience even during times of economic hardship in the COVID-19 period, and a depreciating Kenyan currency.
- The investment opportunity lies in satellite towns; Juja, Utawala and Limuru for unserviced land, for serviced land, investment opportunity lies in Syokimau and Ruiru-Juja which recorded the highest annualized capital appreciations
Land Investment in the Nairobi Metropolitan Area is the only sector projected for growth in 2023 according to the latest data from Cytonn Investments.
The report states that land has continued to establish itself as a reliable investment opportunity, displaying great resilience even during times of economic hardship in the COVID-19 period, and a depreciating Kenyan currency.
Some of the factors that will contribute to the …
- East African Breweries PLC (EABL) has reported a profit of KSh 8.7 billion for the half year ended on December 31, 2022, at the back of the rising cost of operations, including an increase in taxes
- The company reported KSh 57.3 billion in net sales during the period, representing a 4 per cent growth compared to the same period in 2021
- The EABL Board has recommended an interim dividend of KSh 3.75 per share, similar to 2021’s period
East African Breweries PLC (EABL) has reported a profit of KSh 8.7 billion for the half year ended on December 31, 2022, on the back of the rising cost of operations, including an increase in taxes.
During the period under review, EABL reported KSh 57.3 billion in net sales during the period, representing a 4 per cent growth compared to the same period in 2021.
The group’s volumes declined by 4 per …
- Tullow Oil has reiterated its commitment to scale up the development of Project Oil Kenya in 2023
- The global independent oil and gas exploration and production firm said it plans to invest KSh 1.24 billion (US$10 million) in Project Oil Kenya
- Tullow and its Joint Venture partners (Africa Oil and Total Energies) are also working closely with the local government agencies seeking to finalise the firm’s field development plan (FDP)
Tullow Oil Plc has reiterated its commitment to scale up the development of Project Oil Kenya in 2023. The global independent oil and gas exploration and production firm said it plans to invest KSh 1.24 billion (US$10 million) in Project Oil Kenya appraisal engagements focusing on fine-tuning the Field Development Plan (FDP) and related local operations.
A trading statement and operational update issued by the London Stock Exchange (LSE) listed firm confirms that efforts to secure a strategic partner for …
- The 2022 Ibrahim Index of African Governance (IIAG) by the Mo Ibrahim Foundation has ranked Kenya 13th for Overall Governance across Africa
- The East African nation’s overall governance score has improved over the last decade (2012-2021), but the pace of improvement has slowed over the most recent five years (2017-2021)
- Kenya has deteriorated in security and the rule of law, driven by a decline in the sub-categories of security & and safety, accountability & transparency
- African Governance reported that African governance has flatlined since 2019 because of factors including disruptions caused by a combination of the COVID-19 pandemic and increased insecurity
The 2022 Ibrahim Index of African Governance (IIAG) by the Mo Ibrahim Foundation has ranked Kenya 13th for Overall Governance across Africa.
According to the index, the East African nation’s overall governance score has improved over the last decade (2012-2021), but the pace of improvement has slowed over the …
- The United States has been working to increase its economic and political engagement with Africa in recent years.
- Yellen arrived in Dakar, fresh off a nearly three-hour meeting with China’s vice premier Liu He.
- The Biden administration is trying to counter China’s growing influence and infrastructure in the region by offering African countries an alternative path on economic and political security
US-Africa relations have been on the rise in recent years, and the recent visit by US Treasury Secretary Janet Yellen to Senegal has further solidified the commitment of the United States to expand economic opportunities for all in Africa.
Yellen’s visit to Senegal, which took place on January 18, 2023, was a clear demonstration of the importance the United States places on its relationship with Africa. During her visit, Yellen met with young entrepreneurs and business leaders, and delivered a speech emphasizing the potential of Africa’s young entrepreneurs and …
