Trending
- 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 …
- KCB Bank Kenya and BasiGo Ltd have partnered to offer the bank’s customers access to flexible financing options to purchase electric cars
- Customers will get up to 90 per cent of funding with an extended repayment period of 36 months
- Customers will have access to embedded tracking and fleet management gadgets already installed on the electric bus and insurance financing
KCB Bank Kenya and e-mobility startup BasiGo Ltd have partnered to offer the bank’s customers access to flexible financing options to purchase electric cars.
According to the deal, customers will get up to 90 per cent of funding with an extended repayment period of 36 months.
The deal will also help customers reduce their greenhouse emissions and enhance their ability to respond to climate change through adaptation and mitigation measures.
In addition, customers will have access to embedded tracking and fleet management gadgets already installed on the electric bus and …
- Business activity in Kenya increased in September, helped by the conclusion of the general election
- The Purchasing Managers’ Index (PMI) commissioned by Stanbic Bank shows that the growth in business activity in Kenya was the first recorded in seven months
- As a result, the headline index posted in September was at 51.7, up sharply from 44.2 in August.
- The reading signalled a renewed and modest improvement in overall business conditions.
A new report has shown that the conclusion of the general election in Kenya led to increased business activity in the country in September.
According to the Purchasing Managers’ Index (PMI) commissioned by Stanbic Bank, the growth in business activity in Kenya was the first recorded in seven months.
Business activity in Kenya was supported by customer demand growth following the general elections’ end.
It was also supported by an improvement in supply chains, encouraging firms to purchase more …
Padenga Holdings Limited fits this description in letter and spirit. During the six months under review, the company achieved US$ 57 million in revenues, which was more than double what the company achieved the previous year. The company increased its revenues by 184% from US$ 20 million in 2021. The company’s mining operations contributed 91% of the revenues.
The crocodile operations contributed a negligible US$ 5 million to the top line. If this trend continues, supported by the elevated gold prices, it would not be unreasonable to surmise that Padenga will soon become a pure-play gold producer or even diversify into other precious metals.
The crocodile business could soon be a thing of the past since gold mining activities have largely eclipsed it. This is all speculation as the company has not made an official statement on the future strategic direction of the company.…
![Africa must look to improve and transform its agricultural practices to increase food production for food security and economic growth [Photo/Silvapinto] www.theexchange.africa](https://theexchange.africa/wp-content/uploads/2022/08/dreamstime_xl_116738955-scaled-1-300x200.jpg "Africa: Focus on transforming agricultural practices to boost food production")
The agricultural transformation in Sierra Leone has demonstrated that delivery changes in traditional sectors may significantly impact food production when implemented effectively and under the appropriate circumstances.…
This will make it the fifth stock to list on the USD exchange joining SeedCo International, Padenga Holdings, Caledonia Mining Corp and Bindura Nickel Company and might provide the necessary momentum the exchange desperately needs.
The VFEX is a subsidiary of ZSE that was established some two years ago to exclusively trade in foreign currency and position itself as a regional offshore capital market to attract global investors.
The group operates a network of 524 owned restaurants under Chicken Inn (140 restaurants), Pizza Inn (129), Creamy Inn (87), Bakers Inn (58), Galito’s Africa (36), Nando’s (14), Steers (9) and other (51) brands such as Rocomama’s (Zimbabwe Only) and Vida E Caffé, located in Zimbabwe, Kenya, Zambia, Ghana, Mauritius and Namibia. Simbisa listed on the ZSE in 2015.…
