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- 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 …
- Kenyans have reacted to the news that Safaricom would restructure its popular Fuliza overdraft facility
- Under the deal, customers will be able to borrow less than KSh 1,000 and not pay a maintenance fee for the first three days
- Safaricom and its partners, KCB Group and NCBA Group said the move would benefit more than 80% of M-Pesa customers who seek to complete their payment transactions with Fuliza credit
Kenyans have reacted to the news that Safaricom would restructure its popular Fuliza overdraft facility, allowing customers borrowing less than KSh 1,000 not to pay a maintenance fee for the first three days.
On September 28, 2022, Safaricom and its partners, KCB Group and NCBA Group, said the move would benefit more than 80% of M-Pesa customers who seek to complete their payment transactions with Fuliza credit.
Safaricom also said customers who borrow above KSh 1,000 would also get a 10 …
- The Capital Markets Authority (CMA) and the Kenya Development Corporation (KDC) have signed a new Memorandum of Understanding (MOU)
- The MoU will help the two parties to promote greater utilisation of the capital markets through structured financial products by corporates, including SMEs
- It will also establish a partnership through which joint efforts in education, awareness creation, and stakeholder engagements will be executed to improve knowledge levels and uptake of financial products and services
The Capital Markets Authority (CMA) and the Kenya Development Corporation (KDC) have signed a Memorandum of Understanding (MOU) to promote greater utilisation of the capital markets through structured financial products by corporates, including SMEs.
On September 28, 2022, the two parties said that the MOU would establish a partnership through which joint efforts in education, awareness creation, and stakeholder engagements will be executed to improve knowledge levels and uptake of financial products and services.
CMA and KDC …
Investing in ETFs or exchange-traded funds is equivalent to investing in all constituents that are part of an index directly.
According to Forbes, the yields or returns generated by ETFs replicate the benchmark index. It gives investors an opportunity to benefit from diversity, flexibility and scope for growth that comes from ETFs being traded on stock exchanges.
An exchange-traded fund (ETF) is a marketable security that tracks an index, sector, commodity, or another asset which can be purchased or sold on a stock exchange the same way a regular stock can.
Zimbabwe became the fifth country in Africa to list an ETF, with South Africa, Nigeria, Kenya, and Egypt also currently trading the instrument.
Zimbabwe became the fifth country in Africa to list an ETF, with South Africa, Nigeria, Kenya, and Egypt also currently trading the instrument.…
Tanzania is not immune to the unrest afflicting northern Mozambique, which has occasionally spilt over the border, so any decision to push ahead with the onshore project will also be made regarding the security situation.
According to the Jornal Domingo online reports, President Filipe Nyusi said it is necessary to exploit the advantage of the countries being neighbours, especially concerning the negotiation of contracts for the exploitation of hydrocarbons. This item is, in fact, one of the great weaknesses of the States.
Mozambique will be the first of the two countries to export liquefied natural gas, which should happen in the coming days, through the Coral Sul offshore project, in Area 4 of the Rovuma Basin, concludes the ‘Domingo’ online report.
According to figures from the Observatory of Economic Complexity (OEC), a global data visualization tool for international trade, as of 2020, Tanzania exported US$114 in Crude Petroleum, making it …
- Aviation umbrella body Kenya Association of Air Operators (KAAO) has announced the appointment of Engineer Liz Aluvanze as the new CEO
- KAAO said its executive committee had picked Aluvanze to replace its long-serving CEO Col. (Rtd) E.K. Waithaka, who recently went into retirement. Waithaka had been at the company for 25 years
- Prior to her appointment, she worked at the Kenya Civil Aviation Authority (KCAA) and has worked with various airlines, including Kenya Airways and Fastjet
The Kenya Association of Air Operators (KAAO) has announced the appointment of Engineer Liz Aluvanze as the new CEO.
In a statement dated September 26, the company said its executive committee had picked Aluvanze to replace its long-serving CEO Col. (Rtd) E.K. Waithaka who recently went into retirement. Waithaka had been at the company for 25 years.
Commenting on the appointment, KAAO said Aluvanze brings, “a wealth of experience as an Air Transport professional …
- An expert in the tourism industry has urged countries in the East African Community (EAC) to liberalise their airspaces and open up skies to promote the tourism industry in the region
- East African Tourism Platform Chair Fred Odek said the existing restrictive pacts, such as the Bilateral Air Service Agreements, were disrupting the harmonisation of air transport services
- Odek called upon the partner states to complete the EAC regulations to facilitate the liberalisation of air travel in the region
Countries in the East African Community (EAC) should liberalise their airspaces and open up skies to promote the tourism industry in the region.
Fred Odek, the Chairperson of the East African Tourism Platform (EATF), said the existing restrictive pacts, such as the Bilateral Air Service Agreements (BASAs), were disrupting the harmonisation of air transport services.
Odek called upon the partner states to complete the EAC regulations to facilitate the liberalisation of …
