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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 …
- Jubilee Holdings Limited has reported a half-year profit before tax of KES 4.1 billion ($34.1 million) for the period ended 30th June 2022
- The Kenyan-headquartered insurer said its profitability had declined compared to the KSh 5.2 billion ($43.3 million) it posted in a similar period a year earlier
- The NSE-listed insurer blamed the decline on a tough economic environment characterised by uncertainty arising from elections in Kenya and rising interest rates
- Jubilee Holdings Board declared an interim dividend of KSh 1 per share, payable on 11 October 2022
Jubilee Holdings Limited has reported a half-year profit before tax of KES 4.1 billion ($34.1 million) for the period ended 30th June 2022 to defy a tough economic environment characterised by uncertainty arising from elections in Kenya and rising interest rates.
On August 30, 2022, the Kenyan-headquartered insurer said its profitability had declined compared to the KSh 5.2 billion ($43.3) …
Interestingly, of the US$1.5 trillion in foreign direct investment recorded in 2021, 53% of that money was channelled towards developing economies. Africa made a very strong showing in terms of foreign direct investment in 2021.
According to the report, Africa attracted US$ 83 billion in foreign direct investment compared to the US$ 39 billion it achieved in 2020. Of the global investment flows that landed on African shores in 2021 US$ 41 billion went directly to South Africa.
Despite the positive developments that occurred in 2021 in foreign direct investment, the UNCTAD report concludes by stating that the growth and momentum in FDI flows in 2021 will not be sustainable given the adverse economic developments that have occurred in 2022.
UNCTAD expects these developments will either put downward pressure on the flow of FDI or flatten the curve.…
- Africa received its highest proportion of private sector investment in infrastructure in 2020
- African Development Bank has revealed that the greater private sector investment came as most governments contended with the Covid-19 pandemic and limited fiscal space
- Private sector investment in Africa’s infrastructure rose to $19 billion in 2020, representing 23 per cent, the highest since 2016
A new finding by the African Development Bank has revealed that the continent of Africa received its highest proportion of private sector investment in infrastructure in 2020.
The bank’s Vice President for the Private Sector, Infrastructure and Industrialization, Solomon Quaynor said the finding sends an important signal to governments and investors.
Quaynor said the greater private sector investment came as most African governments contended with the Covid-19 pandemic, limited fiscal space and high debt-to-GDP ratios.
He noted that private sector investment into Africa’s infrastructure rose to $19 billion in 2020, representing 23 per …
- National Housing Cooperation (NHC) is seeking to raise KSh 7 billion through the International Finance Corporation (IFC) for an affordable housing project in Kenya
- NHC will use the investment to fund the construction of 3,500 housing units in Athi River, Machakos County
- The housing units are part of the KSh 20 billion Stoni Athi Waterfront City project, comprising 10,500 units to be developed on a 150 acres piece of land.
Kenya’s National Housing Cooperation (NHC) is seeking to raise KSh 7 billion through the International Finance Corporation (IFC) under the Public Private Partnership (PPP) model to fund the construction of 3,500 housing units in Athi River, Machakos County.
The housing units are part of the KSh 20 billion Stoni Athi Waterfront City project, comprising 10,500 units to be developed on a 150 acres piece of land.
The affordable housing project comprises one, two and three-bedroom units targeting the low, middle, …
South Africa is the second richest country in Africa. It’s predicted that the country’s Gross Domestic Product (GDP) will cross the US$345 billion mark by the end of 2022.
Its economy is diversified with a growing and sizable middle class. South Africa’s services and financial sectors have grown rapidly since apartheid.
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South Africa is placed at position 84 out of 190 in the ease of doing business ranking by the World Bank
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The South African government, through the online Bizportal platform, has made it easier to start a business in the country
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Bizportal platform, which was launched in 2019, is a one-stop shop for entrepreneurs to reserve a company name, register a new company, income tax, and withholding taxes
In 2020, South Africa was placed at position 84 out of 190 in the ease of doing business ranking by the World Bank. The country’s cities are working on reforms to
Ntsele and his partners began to diversify the interests of their company.
The highlight of this strategy to diversify their interests was trip Ntsele made to the United States to obtain a license to distribute Nike not only in South Africa but also in southern Africa in the early 1990s. Ntsele got the money to grow his Nike operation in southern Africa from Citibank!
The largest transaction that Ndaba Ntsele was involved in which put Pamodzi Investment Holdings on the map must be the leveraged buy-out of Food Corp. When he could not come up with the money needed to buy the company from the local banks in South Africa he went overseas to the Netherlands and got the bulk of the US$ 1.8 billion needed to acquire Food Corp! How about that for a black man with guts!
Ndabahle Ntsele and his Pamodzi Investment Holdings are certainly a class …
