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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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- 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 …
Riozim Limited the Zimbabwe based, and Zimbabwe Stock Exchange-listed diversified miner, has more going wrong for it than right.
For a mining company looking at news reports around it, analyst coverage and its financial reports one cannot help but wonder if all is well at one of the oldest ZSE-listed mining companies.
The company has been in the news for poor labour relations with its workers and for poor operational and financial performance and it looks like there is no end in sight for the troubled miner. Investors on the ZSE and in the diversified miner got some reprieve when Bloomberg broke the story that Riozim had bought a diamond miner in Namibia in a move meant to herald the company’s foray into the rest of the continent and increase its investment activities in Zimbabwe.
- RioZim can be reasonably called a beleaguered or troubled company. It is not exactly
Food security in Africa has always been the centre stage of all major global meetings. Photos of starving naked children have been paraded so much that hunger and Africa have become synonymous.
However, after years of talks, recommendations, solutions, funding, monitoring, evaluation, more talks, more recommendations, more funding…and then more years of new talks, new recommendations, new solutions, new funding… it’s exhausting; Africa is still hungry!
The cool acronyms, the endless list of organizations, the countless projects and initiatives, the billions upon trillions issued every year, its all mind-boggling.
Global Development Goals (GDG), Sustainable Development Goals (SDG), World Food Organisation (WFP), International Monetary Fund (IFM), World Bank (WB), African Development Bank (AfDB), Alliance for a Green Revolution in Africa (AGRA)…it goes on and on.…
- KCB Bank Kenya has set aside KSh 250 billion to fund women entrepreneurs in the next five years, cementing the Bank’s role in catalyzing economic growth
- In a newly revamped women offering, the Bank will extend the funding to women-led and owned Small and Medium Enterprises (SMEs) across the country
- Under the KSh 50 billion a year platform, Female-Led and Made Enterprises- FLME, KCB Bank seeks to support entrepreneurship, job creation, and strengthen its outreach
KCB Bank Kenya has set aside KSh 250 billion to fund women entrepreneurs in the next five years, cementing the Bank’s role in catalyzing economic growth.
In a newly revamped women offering, the Bank will extend the funding to women-led and owned Small and Medium Enterprises (SMEs) across the country.
To unlock this, KCB Bank has already eased credit requirements and documentation such as security to support businesses in a transformation that will guarantee faster …
Medical marijuana may very well be the agri-business that Africa needs to get its economies high in the global multi-billion agro-industry.
Already, Africa’s marijuana production is on the rise.
According to the Oklahoma Medical Marijuana Authority (OMMA) medical marijuana dispensary sales totalled US$11.5 million in just under one month. Other than the sales, OMMA also says in that same time, between January and February of 2019, it also raised more than US$3 million in taxes alone.
The following month, approximately US$873,361 came from the 7% gross receipts tax and US$1.3 from the 4.5% state sales tax.
Since OMMA began accepting applications for medical marijuana licensing, the state says it has pocketed well over US$7.1 million inpatient license fees and more than US$11 million in revenue generated in commercial license fees.
That is just one state. Consider how much the entire US has made from medical marijuana as a country. Worldwide, …
Enhancing financial literacy is only one of the numerous ways Africa’s youth may be prepared for the future. Stakeholders must simplify financial literacy education and make it practical. Without simplified and functional financial literacy, one could fall victim to the prevailing financial challenges in a highly changing world marked by technological advancements. Improving financial literacy in Africa’s youth will help improve financial inclusion.…
- Kenya Breweries Limited (KBL) has launched a campaign to recruit over 5,000 new farmers to grow sorghum to produce Senator Keg beer
- Through East African Maltings Limited, KBL’s contract farming programme, Mtama Ni Mali, sources 100% of raw materials locally, providing a source of livelihood to over 40,000 smallholder farmers
- KBL provides a guaranteed market for farm output at competitive prices and, in the last financial year, paid over Ksh1.2 billion to smallholder sorghum farmers across the country
Kenya Breweries Limited (KBL) has launched a campaign to recruit over 5,000 new farmers to grow sorghum to produce their value beer, Senator Keg.
Through East African Maltings Limited (EAML), KBL’s contract farming programme, Mtama Ni Mali, sources 100% of raw materials locally, providing a source of livelihood to over 40,000 smallholder farmers drawn from Kisumu, Migori, Siaya, Homa Bay, Busia, Tharaka Nithi and Meru counties, among others.
KBL provides a guaranteed …
