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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 …
- Peter Ndegwa has mobilised his Kenyan counterparts to join the Africa Business Leaders Coalition
- The Safaricom chief executive urged CEOs to take the initiative and be part of the commitment to advance Africa’s sustainable growth, prosperity and development
- The telco is one of the coalition’s founding members whose aim is to bring together CEOs from across the continent to help drive action on pressing sustainability issues
Kenyan CEOs have been urged to join the Africa Business Leaders Coalition (ABLC).
While mobilising his counterparts, Safaricom’s CEO, Peter Ndegwa, urged CEOs to take the initiative and be part of the commitment to advance Africa’s sustainable growth, prosperity and development.
Safaricom is one of the coalition’s founding members whose aim is to bring together CEOs from across the continent to help drive action on pressing sustainability issues and promote UN Global Compact principles in their supply chains and broader ecosystem.
Speaking during Safaricom’s …
Worse still, the institute points to a much deeper conspiracy to force African farmers to buy agro-inputs from large corporations. In its report, the Oakland Institute says AGRA ‘imposes a regime in which farmers lose power over their own seeds and are forced to buy them back from large corporations year after year.’
“This system may also contribute to the marginalization of women.9 million smallholder farmer households, who are witnessing increased food security through AGRA’s direct interventions,” reads the report in part.
Then there is the matter overarching matter of climate change. The Food and Agriculture Organization (FAO) warns that the use of synthetic nitrogen fertiliser will increase nitrous oxide emissions, which increase the atmospheric temperature significantly.…
The listing of SYGSE happens at a time the JSE is preparing to usher in new amendments to its listings requirements, paving the way for issuers to list and trade Actively Managed ETFs (AMETFs) for the first time in the bourse’s history.
In September, the bourse announced that the Financial Sector Conduct Authority (FSCA) approved amendments to the JSE listings requirements, allowing issuers to list and trade AMETFs for the first time. “The changes [allow] locally registered Collective Investment Scheme (CIS) management companies to list ETFs which related to offshore assets on South African securities exchanges. It [allows] these funds unlimited investment in offshore assets, subject to the restrictions on their offshore portfolio allowances.”
The stock exchange indicated that given the global ETF market’s evolution and the local industry’s desire, the impending introduction of AMETFs in South Africa aligns with global best practices.…
Geregu Power PLC was incorporated in November 2006 as one of the unbundled companies from the now-defunct Power Holding Company of Nigeria (PHCN). The Company began operations in February 2007 to generate electric power supply to the National Grid managed by the Transmission Company of Nigeria (TCN).
Amperion Power owns 99.9 per cent of the company. Calvados holding (owned by Femi Otedola) owns 95 per cent of Amperion Power while Shangai Power owns five per cent.
Geregu Power listed 2.5 billion ordinary shares of 50 kobos each at a share price of N100 per share, valuing the company at about N250 billion on the first day. However, amid high investors demand, Geregu Power’s stock gained 10 per cent (N10) on its first trading day on the NGX to close at N110 per share from N100 per share.
The gain pushed its market capitalisation to N275 billion from the N250 billion …
According to an article by Forbes dated June 23, 2022, the world’s first stock index appeared in July 1884 when the ‘Dow Jones Transportation Index’ was published in the US by newspaperman Charles Dow. The index comprised 11 transport stocks including nine railway companies, a steamship company and a telegraph operator.
The index average was calculated by adding all its share prices together and dividing the total by 11 – the number of shares.
There’s a more in-depth look at the indices on the ZSE, along with the profiles for the fourth quarter of 2022 put together.
ZSE said that indices provide the market with better performance apparatus and assist in choosing sector-based investing strategies.…
The agreement was finalized during a visit to the NYSE by a South African delegation including JSE Group CEO Dr. Leila Fourie and South African Reserve Bank Governor Lesetja Kganyago. The signing ceremony took place shortly before the delegation rang the Closing Bell, followed by a keynote address by Kganyago on monetary policy.
“The New York Stock Exchange is pleased to sign this collaboration agreement with the Johannesburg Stock Exchange in support of the important economic and trade relationship between our two markets,” said Lynn Martin, NYSE president.
“Exploring the dual listings of companies on our two exchanges stands to increase opportunities for investors on both continents, underscoring the value public companies and our capital markets generate in the global economy. We look forward to collaborating on new product development with the JSE team and to the innovation that comes when two great organizations work together.”…
