- 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 …
- Safaricom Ethiopia Service Revenue for the first month of operations was KSh 9.1 million, while Total Revenue, including handsets sales, was KSh 98. (Xanax) 3 million
- Safaricom Kenya delivered a solid set of results despite the prevailing macroeconomic challenges leading to a tough operating environment in Kenya and elevated pressure on consumer spending
- In Kenya, voice service revenue dropped by 3.8% to KSh 39.88 Billion; Mobile Data revenue grew by 11.3% to KSh 26.30 Billion, while M-PESA revenue grew by 8.7% to KSh 56.86 Billion
Safaricom has registered its first revenue from its Ethiopia operations in its first reporting cycle since the launch of its commercial operations.
Safaricom Ethiopia Service Revenue for the period ended September 30th 2022, was KSh 9.1M, while Total Revenue, including handsets sales, was KSh 98.3 million.
Safaricom Kenya’s net income grew by 0.6% year on year, supported by a 4.6% growth in revenue.…
- Logistics company Sendy says it has received funding of an undisclosed amount to help scale its logistics and fulfillment services in Kenya, Uganda, Nigeria, and Cote d’Ivoire
- Sendy said it had received funding from MOL PLUS, which is the Corporate Venture Capital of Mitsui O.S.K. Lines
- Sendy provides the easiest way for businesses of any size to move goods, enabling them to drive more efficiency and growth
Sendy says it has received funding of an undisclosed amount to help scale its logistics and fulfillment services in Kenya, Uganda, Nigeria, and Cote d’Ivoire.
On November 9, 2022, the logistics company said it had received funding from MOL PLUS, which is the Corporate Venture Capital of Mitsui O.S.K. Lines. With the funding, MOL PLUS joins existing Sendy investors.
The technology company builds easy tech solutions that enable businesses to sell, move goods and get financing.
Through a portfolio of fulfillment services (Direct …
Halwampa said ZDA anticipates to increase its performance next quarter through the prospected revision and enactment of the ZDA, and the Investment Trade and Business Development bills into law which will support domestic investment, trade and business development in Zambia.
He further added that the implementation of the US$50, 000 thresholds for local investors will attract local investors to come on board to invest in their own country.
Halwampa has since called on local investors to take interest in investing in the southern African country and take advantage of the favourable environment which government has created to support local investors.…
Fast food giant, Simbisa Brands Ltd., the firm that controls high-profile restaurant chains across African markets, spurred its planned VFEX listing, notifying investors in a comprehensive roadmap that the deal may be through by December 2, 2022.
Simbisa, which has risen from its Zimbabwean roots to establish a formidable African network, executes its strategy through a string of high-end hospitality brands that include the flagship Chicken Inn, Pizza Inn, Creamy Inn and Bakers Inn, one of the country’s biggest bread producers.
It also holds the franchises for quick service restaurant chain; Rocomamas, Nandos and Steers, along with Galito
In a statement that disclosed Simbisa’s rationale to switch from the ZSE, the firm’s board rallied shareholders to give an emphatic nod to the transaction at an extraordinary general meeting scheduled for November 18, 2022.…
- Businesses in Kenya only saw a mild improvement in operating conditions in October 2022
- The latest Purchasing Managers’ Index showed that ongoing concerns about the rising cost of living led to a softer expansion in new orders and a renewed drop in output
- Inflationary pressures remained severe, as firms highlighted a record increase in purchasing costs from the previous month
According to the latest Purchasing Managers’ Index, businesses in Kenya only saw a mild improvement in operating conditions in October 2022.
The Stanbic Bank Kenya survey showed that ongoing concerns about the rising cost of living led to a softer expansion in new orders and a renewed drop in output.
Despite this, employment continued to rise amid increased backlogs, while firms were the most upbeat about the
outlook for activity since July 2021.
“October’s PMI continued to signal an improvement in business conditions, albeit with a loss of momentum
compared …
By listing, the REIT aims to attract focused and permanent capital for the promoter to develop further assets, support the Insurance and Pensions Commission and Ministry of Finance and Economic Development in their efforts to provide liquidity and deepen the savings pool through REIT products and also to provide retail and institutional investors quality and liquid commercial real estate investment vehicle.
Based on the published prospectors, the company said the economic growth of a nation is driven by a vibrant commercial infrastructure both industrial and retail properties to support production and trade.
The development of quality commercial property is more than imperative in the Southern African country as the economy is set for a path of recovery that is expected to revitalize significant economic activity.
“The participation of local beneficiaries in the development and ownership of such property fosters an inclusive capital growth and sources of passive income for average …