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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 …
Other reasons that can best explain the origins of stagflation include falling productivity when an economy experience falling productivity. This could be because workers becoming less efficient. The consequence of this will be falling productivity and rising costs. Structural unemployment is another cause in cases where there is a decline in traditional industries.
This creates a tendency for unemployment to rise while productivity falls. Zimbabwe, during its lost decade from 2000 to 2010, experienced this kind of stagflation.
More generally and more contextually, stagflation comes from supply shocks. These result from supply chain disruptions. Where demand for goods and services increases or is unchanged, the result is rising prices and lower productivity.
Stagflation is not desirable in an economy because citizens of a country are generally happy when prices are low and the economy is booming.…
Due to globalization, countries worldwide are increasingly interdependent. This is why a conflict between two countries in Europe will cause ripple effects that the rest of the world feels. On this basis, the World Bank projects that economic growth in 2022 will slump. Not slow down but slump. The choice of words is intentional.
Malpass now believes that the world is in for several years of above-average inflation and below-average growth. This projection will most likely lead to destabilizing consequences for low- and middle-income economies. These low- and middle-income countries are largely on the African continent. Stagflation which the world last saw in the 1970s, will have a devastating effect on countries in Africa. Most countries in the continent do not have the resources like Germany to muster multibillion Euro or multi-billion United States dollar packages to subsidize the economic plight of their citizens.
World Bank forecasts a sharp downgrade …
The ZSE’s 2020 research found that individual Zimbabweans made a meagre amount of contributions to the regional capital market. A few of the obstacles mentioned are a lack of understanding of the investment process and the notion that it is the realm and preservation of the wealthy in society.
According to an article by Mail and Guardian published May 25, 2022, this survey prompted the bourse to launch ZSE Direct, a product that would make access to the market straightforward even for first-time investors.…
- Absa Bank Kenya has announced the exit of its CEO Jeremy Awori after nearly ten years of service
- Commenting on Awori’s tenure, the board credited him for outstanding leadership, service and contribution
- Absa revealed that Awori has decided to pursue a career opportunity outside the Absa Group
Jeremy Awori, Absa Kenya’s long-serving CEO, is leaving the bank.
On September 8, 2022, the Board of Absa Bank Kenya PLC announced that Awori is leaving the company after nearly 10 years of service.
Commenting on Awori’s tenure, the board credited him for outstanding leadership, service and contribution.
Absa revealed that Awori has decided to pursue a career opportunity outside the Absa Group. As such, the CEO will be stepping down as CEO & Managing Director of Absa Bank Kenya PLC on 31 October 2022.
The board’s Chair Charles Muchene said Awori has been instrumental in driving significant growth and transformation of the …
In terms of the economic outlook for India, opinions are divided given the headwinds facing the global economy presently, like the cost-push inflation from increases in food prices and soaring energy costs brought on by the Russia-Ukraine conflict. Deloitte, the global consulting and accounting firm, is optimistic about the economic growth prospects of India. It is projected that the Asian country will remain the fastest growing economy in the world, with growth projected to come in at between 7.1% to 7.6% in the years 2022 to 2023 and 6% to 6.7% in the years 2023 to 2024.
How has India managed to bullet-proof its economy to the extent that it has managed to register economic growth within a context of slowing global economic growth? According to Deloitte, India is primarily a domestic demand-driven economy, with consumption and investments contributing to 70% of the economic activity.
According to the Reserve Bank …
- Uber is expanding into eight more cities across Kenya, Nigeria and Ghana and raising its safety measures
- The company announced that it will now be operational in Owerri and Akure in Nigeria; Eldoret, Kisumu, Nakuru and Naivasha in Kenya; and Tamale and Sunyani in Ghana
- The ride-hailing app has also launched sharing options across the markets to help reduce costs for riders and increase demand for drivers
Uber is expanding into eight more cities across Kenya, Nigeria and Ghana and raising its safety measures.
On September 7, 2022, the company announced that it will now be operational in Owerri and Akure in Nigeria; Eldoret, Kisumu, Nakuru and Naivasha in Kenya; and Tamale and Sunyani in Ghana.
According to the company, the expansions illustrate Uber’s commitment to the region and signal more opportunities for more drivers to earn.
The company has also launched sharing options across the markets to help reduce …
