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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 …
- Finance Minister, Ken Ofori-Atta said the government was also facilitating the establishment and the expansion of local organic fertilizer production plants with support from the EXIM Bank.
- It is also interested in increasing the manufacture of local products within the country and as such has pledged to support local producers via an allocated budget. Asides this, the finance minister assured that 50 per cent of all imports would be halted.
- The National Insurance Commission, is spearheading the development of agricultural insurance for farmers through the Ghana Agricultural Insurance Pool (GAIP).
Ghana’s Finance Minister, Ken Ofori-Atta, has presented the 2023 Budget Statement and Economic Policy of Government to Parliament.
This is in accordance with Article 179 of the 1992 Constitution and section 21 of the Public Financial Management Act, 2016 (Act 921).
The Ministry of Finance said the budget focuses “on Government’s strategies to restore and stabilise the macro economy, …
- Meikles seeks approval to delist from London Stock Exchange.
- The proposal will be among key issues to be discussed during the firm’s annual general meeting (AGM) next month, according to a notice to shareholders released on November 14, 2022.
Zimbabwe Stock Exchange (ZSE)-listed diversified group Meikles Limited said it is seeking shareholder approval to delist from the London Stock Exchange (LSE).
The proposal will be among key issues to be discussed during the firm’s annual general meeting (AGM) next month, according to a notice to shareholders released on November 14, 2022. Meikles will hold its 85th AGM virtually on December 5.
“That the company cancels the listing of its 4 556 899 ordinary shares on the official list of the financial conduct authority and the trading on the main market of the London Stock Exchange,” the company said in the notice under special business.
“That the directors of the company …
There was a strong performance in the bank’s recoveries portfolio, contributing to the overall positive performance of expected credit losses. This led to the loan loss ratio improving to 0.16 per cent from 0.59 per cent for period ended June 30, 2022. Operating costs remain relatively under control at P473 million, growing slightly by only 3 per cent, despite the rising inflation seen in the economy.
The bank in their report also highlighted that this was achieved by leveraging off the digital enablement put in place which brought some efficiencies, as well as various other cost management initiatives effected. Cost to income ratio fell by 4 per cent and ended at 54 per cent for the period under review, resulting in positive income statement jaws of 7 per cent.
Meanwhile, Barclays sold shares in the Group. This was published on the Johannesburg Stock Exchange on September 1, 2022.
Barclays agreed …
The USE Edaala will also facilitate private companies with numerous shareholders benefits from the deficiencies provided by existing trading and depository platforms with shareholders being able to trade their shares should they wish to divest their stock and utilise portfolio management tools.
The application period for the first cohort is expected to close on December 8, after which the USE will conduct an assessment of the applicants for eligibility.
Through the new segment, companies will be able to access long term capital through private placements, access to a wider pool of domestic and international investors, flexible admission and regulatory compliance requirements, among others.
Capital is the main fuel of every business, no matter what size. However, sometimes a business can face monetary constraints and a shortage of funds. In such a scenario, business finance can help power up the enterprise.…
Big cap stocks are far more profitable with ROE’s of 67 per cent compared to 21 per cent for mid cap stocks. Further, their stock market returns are superior to mid-cap stocks.
Nestle Nigeria had the highest on Return on Equity of 215.4 per cent with a share price at 1,215.00 NGN. While, International Breweries had the lowest Return on Equity of a negative 2.5 per cent with a share price at 4.95 NGN as of September 30, 2022.
Nestle Nigeria Plc listed on the Nigerian Stock Exchange is a food manufacturing and marketing company in Nigeria and a subsidiary of the largest food and beverage company in the world. The company produces an extensive range of products for the retail and wholesale sectors.…
