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 …
- American investment bank Goldman Sachs plans to lay off 3,200 employees this week
- Goldman Sachs typically trims about one to five per cent of its employees each year and targets underperforming staff
- The upcoming trim is expected to be deeper than usual in light of the uncertain economic outlook
- Major U.S. banks, manufacturers and tech companies announced significant corporate layoffs in 2022, amid high inflation, and five rounds of interest rate hikes sparked fears of a recession
New data has revealed that American investment bank Goldman Sachs plans to lay off thousands of employees this week.
Multiple sources, including Capital FM, reported that Goldman Sachs would lay off 3,200 people, down from the expected 4,000 revealed in December 2022.
Quoting AFP, the news outlet noted that the American firm typically trims about one to five per cent of its employees each year and targets underperforming staff.
Why Goldman Sachs is
…
- The Canadian government through Africa Enterprise Challenge Fund (AECF) is offering close to $10 million in grant funding to support Kenyan women led businesses in the blue economy sector .
- The businesses have until the 20th of January to apply for the grant that is aimed at supporting women’s economic participation in the non-traditional sectors of the blue economy.
- Counties of focus include Kwale, Mombasa, Kilifi, Tana River, Lamu, Taita Taveta, Busia, Siaya, Kisumu, Homabay and Migori.
The Canadian government through Africa Enterprise Challenge Fund (AECF) is offering close to $10 million in grant funding to support Kenyan women led businesses in the blue economy sector.
Kenyan women-led businesses have until the 20th of January 2023 to apply for the grant that is aimed at supporting women’s economic participation in the non-traditional sectors of the blue economy.
The sectors targeted include fisheries, waste management, biodiversity protection, agriculture, forestry, as well …
Africa’s blue economy is set to flourish and gain a whole new prominence in 2023, with increased investments lining up to exploit this lucrative but undervalued sector.
One of the major announcements that has signalled an increased interest in the blue economy came out of the twenty-seventh session of the Conference of the Parties (COP 27) in Sharm el-Sheikh, Egypt in November 2022. The World Bank announced a Mangrove Blue Carbon Pilot Program, an initiative meant to catalyze financing and provide operational response to developmental challenges in coastal-marine areas of the African continent.
Dubbed the Blue Economy for Resilient Africa Program (BE4RAP), the initiative seeks to respond to the challenge coastal countries face in managing their marine resources, to spur economic growth and reduce poverty, while adapting to the effects of climate change. The program is set to convene a “Focus on Africa Blue Marketplace” in 2023.
Building on the …
- The Flame Tree Group has announced a profit warning for the year ended December 31, 2022
- The earnings decline is due to an increase of raw material prices, shipping costs, as well as depreciation of the local currencies against the US Dollar (USD).
- It is predicted that earnings for the year will be at least 25 percent less than the level of earnings in the previous year.
Kenya’s manufacturing giant, Flame Tree Group has announced a profit warning for the year ended December 31, 2022 stating that the earnings will be at least 25 percent less than the level of earnings in the previous year.
The firm attributes the decline to the increase of raw material prices, shipping costs, as well as depreciation of the local currencies against the US Dollar (USD).
According to the firm, the price of plastics have gone up by 70 percent compared to 2021 while …
- It is unique that these companies declared US dollar dividends because it shows that they are committed to helping the Zimbabwean economy
- The Zimbabwe Stock Exchange (ZSE) had a positive performance in the year 2022.
- The All Share Index (ALSI) rose by 5.4 per cent and the Industrial Index (INDI) rose by 8.3 per cent.
Companies that have declared US dollar dividends on the Zimbabwe Stock Exchange include Delta Corporation, Econet Wireless Zimbabwe, Old Mutual, Seedco, Zimre Holdings, and ZB Financial Holdings.
The Zimbabwe Stock Exchange (ZSE) had a positive performance in the year 2022. The All Share Index (ALSI) rose by 5.4 per cent, the Industrial Index (INDI) rose by 8.3 per cent. The Mining Index (MINI) rose by 16.3 per cent, and the Top 10 Index (TOPI) rose by 8.9 per cent. This was a significant improvement from the previous year, where the All Share Index (ALSI) fell …
- TransCentury Group Plc (TC)’s rights issue commenced trading on Thursday morning at the Nairobi Securities Exchange (NSE).
- TC shareholders have until January 23, 2023 to take up 1.87 million new ordinary shares
- The firm is seeking to raise Sh 2 billion which will be directed towards recapitalizing the business, reducing debt and unlocking working capital.
TransCentury Group Plc (TC) shareholders have until January 23, 2023 to take up 1.87 million new ordinary shares as rights issue commenced trading on Thursday (29th December, 2023) at the Nairobi Securities Exchange (NSE).
The infrastructure investment firm is seeking to raise Sh 2 billion which will be applied towards recapitalizing the business, reducing debt and unlocking working capital for TC’s underlying businesses.
TC Group Chief Executive Officer Nganga Njiinu said the company has strengthened its governance structures reassuring shareholders as it strives towards profitability.
“Our shareholders taking up their rights will be investing in …
