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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 …
The Guide mainly covers three key areas – understanding the asset class and where it sits alongside other asset classes, why and how to invest in PEs and an overview of the benefits and risks of investing in PE.
The development of the guide was informed by a market study report that sought to investigate the low uptake of investment by pension schemes.
In Kenya, for instance, PE allocations by pension schemes account for only 0.08 per cent of the total industry assets under management. From a regulatory perspective, there are provisions allowing pensions to invest in PE funds across East Africa (Kenya, Uganda, Rwanda, Tanzania, and Ethiopia).
According to Kenya’s pension regulator, the Retirements Benefits Authority (RBA), though the country has had regulations that provide for diversification of pension funds away from traditional instruments, most pension schemes are still predominantly bond and stock investors.…
- Central Bank of Kenya data shows that Kenya’s banking sector assets grew by double-digits in 2021, owing to growth in the purchase of government securities
- The Kenya Financial Sector Stability Report shows that loans and advances (net) as a share of net assets declined to 48.5 per cent in 2021 from 49.2 per cent in 2020
- Investment in government securities grew at a faster pace compared to growth in loans and advances between 2021 and 2020
A new report by the Central Bank of Kenya shows that Kenya’s banking sector assets grew by double-digits in 2021 because of the increased purchase of government securities.
According to the Kenya Financial Sector Stability Report, loans and advances (net) as a share of net assets declined to 48.5 per cent in 2021 from 49.2 per cent in 2020. At the same time, government securities holding increased to 30.5 per cent in December 2021 …
- Stanbic Holdings Plc has announced a profit of KSh 4.8 billion for the half year ended 30 June 2022, representing a 37 per cent increase from last year’s performance
- The performance is attributable to strong business momentum, and judicious execution of its digital transformation strategy as the Group continues to support its customers in their growth journeys
- Stanbic Bank CEO Charles Mudiwa said the performance reflects resilience amidst a tough operating environment characterised by uncertainties around elections and risks posed by the Russia-Ukraine conflict
Stanbic Holdings Plc has announced a profit of KSh 4.8 billion for the half year ended 30 June 2022, representing a 37 per cent increase from last year’s performance.
According to the Kenyan lender, the performance is attributable to strong business momentum, and judicious execution of its digital transformation strategy as the Group continues to support its customers in their growth journeys.
Stanbic Bank CEO Charles …
- KEMSA said it had invested more than KSh 30 million to facilitate efficient service provision from the Kisumu regional supply chain centre
- KEMSA is executing a three-pronged transformation strategy (KEMSA2.0) geared at enhancing its customers’ experience
- The county has accessed health supplies from KEMSA worth more than KSh 122million in the last financial year, comprising TB drugs, Antiretroviral therapies, HIV test kits and antimalarials
The Kenya Medical Supplies Authority (KEMSA) said it had invested more than KSh 30 million to facilitate efficient service provision from the Kisumu regional supply chain centre.
On August 19, 2022, the CEO of KEMSA Terry Ramadhani said the Authority is executing a three-pronged transformation strategy (KEMSA2.0) geared at enhancing its customers’ experience by providing quality, assured, efficient supply chain solutions for health commodities. She spoke when she hosted Homa Bay County Governor-Elect Gladys Wanga in her office.
What is KEMSA’s strategy?
As part of the …
- Afya Rekod has partnered with Medi-science International Limited to transform healthcare delivery through improved access to personal health data in Africa and Europe
- The partners said the deal would give patients an accessible record of their own health history by enabling patients, doctors and hospitals to host health records securely on one platform
- Through such partnerships, Afya Rekod said it is decentralising current healthcare systems
Kenya’s Afya Rekod has partnered with British firm Medi-science International Limited to transform healthcare delivery through improved access to personal health data in Africa and Europe.
On Friday, August 19, 2022, the partners said the deal would give patients an accessible record of their own health history by enabling patients, doctors and hospitals to host health records securely on one platform through a digital application.
Through such partnerships, Afya Rekod said it is decentralising current healthcare systems.
Commenting on the partnership, John Kamara, CEO Afya …
Nasdaq in an article dated April 20, 2022, said the move is classed as Black economic empowerment (BEE) transaction, a government initiative to reverse ongoing economic inequalities almost three decades after the end of apartheid, encouraging companies to meet quotas in areas including Black ownership, employment, and procurement.
“This deal underpins our firm belief that real transformation is necessary to sustain business growth and serve the best interests of all South Africans,” CEO Iain Williamson said in a statement.
“Through this Old Mutual Bula Tsela Retail Scheme, we will give our people the opportunity to become (indirect) owners of the company they love and trust,” he added.
The new shares will constitute approximately 4.36 per cent of Old Mutual’s current issued share capital and 4.18 per cent of the enlarged share capital.…
