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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 …
- Africa Startup League announced a Sh122.84 million innovation competition that will kick off in February 2023.
- The continental-wide contest is open for innovators, entrepreneurs, micro-enterprises, and early-stage start-ups to attain access to finance, as well as the much-needed expertise required to scale businesses.
- East African startups raised US$2.3 billion between 2019 and May 2022. The amount represents 23 per cent of the overall funds raised by African startups during the period.
Africa Startup League, a community-powered company builder for startups, has announced a Sh122.84 million innovation competition that will kick off in February 2023.
The Africa Startup League is a critical Humanity Node ecosystem infrastructure component and key decentralized gross domestic product of Africa (DGDPA) accelerant.
The continental-wide contest is open for innovators, entrepreneurs, micro-enterprises, and early-stage start-ups to attain access to finance, as well as the much-needed expertise required to scale businesses.
The model is a unique startup studio …
- KCB Group Plc has acquired Trust Merchant Bank SA (TMB) after receiving all the regulatory approvals
- The regional lender now owns 85% stake in the Democratic Republic of Congo (DRC) based lender
- The acquisition of TMB would positively contribute towards KCB’s increased scale of operations by establishing its presence in new markets
KCB Group Plc has acquired Trust Merchant Bank SA (TMB) after receiving all the regulatory approvals. The regional lender now owns 85% stake in the Democratic Republic of Congo (DRC) based lender.
KCB Group obtained the regulatory green light in Kenya, the Democratic Republic of Congo and COMESA Competition Commission, setting the stage for the Group to acquire the 85% of the shares in TMB.
Why KCB has acquired TMB
KCB Group CEO Paul Russo said the acquisition of TMB would positively contribute towards the group’s increased scale of operations by establishing its presence in new markets and …
Zimbabwe’s capital markets register another delisting from Zimbabwe Stock Exchange (ZSE) in favour of the Victoria Falls Stock Exchange (VFEX). Axia says its board has approved the listing of the company from the ZSE which will be followed by its listing on VFEX. This means more headache for Old Mutual fund managers and confusion for retail investors. Which company will delist next?
“The Directors of Axia Corporation Limited (the “Company”) wish to advise all shareholders and the investing public that the Board has approved the delisting of the Company from the Zimbabwe Stock Exchange, immediately followed by its listing on the Victoria Falls Stock Exchange (the “Transaction”).”
Axia Corporation Limited operates within the specialty retail and distribution sector and has three operating business units, namely TV Sales & Home (TVSH), Transerv and Distribution Group Africa (DGA). TVSH is a leading furniture and electronic appliance retailer with sites located countrywide. Transerv …
- More than half of some of the world’s wealthiest individuals are managing their wealth and making changes to their investment strategies, given current economic challenges, including inflation
- In response to rising global inflation, two-thirds of investors are changing their investment strategies, with some spending less while others have made new decisions around their portfolios
- Gold continues to be of high interest, with 2 in 5 saying they have invested as a result of inflation, and there is interest in bonds at a lower 22% to combat inflation
A new survey has indicated that more than half of some of the world’s wealthiest individuals are managing their wealth and making changes to their investment strategies, given current economic challenges, including inflation.
The Standard Chartered’s Wealth Expectancy Report 2022 reveals a shift in investor decisions for over 15,000 emerging affluent, affluent, and high net worth (HNW) investors in 14 markets.
The results …
