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 …
- The East African Community (EAC) should boost its transactions under the existing regional and international trade agreements and opportunities
- EABC Chairperson Angelina Ngalula said agreements including African Continental Free Trade Area (AfCFTA), and African Growth and Opportunity Act (AGOA) would be beneficial
- Data shows that Intra-EAC trade is below 20 per cent, while intra-African exports are 18 per cent of total exports
The East African Community (EAC) should boost its transactions under the existing regional and international trade agreements and opportunities.
East African Business Council Chairperson Angelina Ngalula said the bloc could benefit from the African Continental Free Trade Area (AfCFTA), African Growth and Opportunity Act (AGOA), and the Economic partnership agreement.
Quoting statistics, Ngalula noted that intra-EAC trade is below 20 per cent, intra-African exports are 18 per cent of total exports, and EAC exports to AGOA are valued at USD 5.26 billion, while EAC exports to EU stood …
- Kakuzi PLC has posted a 60 per cent rise in its pretax profit to reach KSh 494.7 million for the first six months of the year
- The performance came against the firm’s strategic Avocado and Macadamia crops and steadily growing revenues from its market and product diversification efforts
- The complex international markets, an increasing cost base for many of the firm’s key inputs, and a worldwide consumer spend squeeze may affect the full-year results
Kakuzi PLC has posted a KSh 494.7 million pretax profit in its half-year results.
In a statement, the listed company said the performance was driven by increased sales, leading to a 60 per cent rise in its earnings.
The performance came against the firm’s strategic Avocado and Macadamia crops and steadily growing revenues from its market and product diversification efforts.
Kakuzi Managing Director Chris Flowers said the firm’s pretax profit has grown to KSh 494.7 million, …
Broker-controlled accounts deliver lower costs and easier account opening procedures for investors wanting to open a VFEX trading account.
This offers a one-stop-shop facility for the investor, given by opening an account with the custodian and transacting through a securities dealer, the broker-controlled model offers investors all the services under one roof to the convenience of the investor.
The securities dealing firms will perform all the services on behalf of investors and these include, among others, opening accounts for investors, and performing the necessary due diligence exercise including the Know Your Customer (KYC) requirements.
It also includes day-to-day communication with the client, mailing of customer transaction statements at no cost, and transacting on the stock exchange on behalf of the investor.…
- Java House Africa Group has announced that it was seeking franchisees under its Kukito Brand, which primarily serves grilled chicken and fries, to accelerate its growth in Kenya
- The restaurant chain is looking to partner with local investors for an undisclosed amount who will use the Kukito brand name to establish more fast-food outlets across the country
- The Group announced plans to open 30 new Kukito outlets in various parts of Nairobi in July 2021, reflecting the Group’s proactive expansion strategies
International restaurant chain Java House Africa Group has announced that it was seeking franchisees under its Kukito Brand, which primarily serves grilled chicken and fries, to accelerate its growth in Kenya.
The restaurant chain is looking to partner with local investors for an undisclosed amount who will use the Kukito brand name to establish more fast-food outlets across the country.
This comes after the Group announced plans to open …
- German-based manufacturing company Stihl Group has announced plans to open a new subsidiary dubbed Stihl East Africa in Nairobi, Kenya, by the end of August 2022
- This will make Kenya the first East African hub for the manufacturing company and the second African country after South Africa, where the company established a subsidiary in 1996
- Stihl said it intends to distribute its agricultural and construction equipment to the East African countries, which include Tanzania, Uganda, Burundi, Rwanda, South Sudan, Ethiopia, and Somalia, through Kenya
Stihl Group, a German-based manufacturing company, has announced plans to open a new subsidiary dubbed Stihl East Africa in Nairobi, Kenya, by the end of August 2022.
This will make Kenya the first East African hub for the manufacturing company and the second African country after South Africa, where the company established a subsidiary in 1996.
Stihl said it intends to distribute its agricultural and construction …
- The African Continental Free Trade Area (AfCFTA) Secretariat has launched an online hub to ease trade on the African continent
- The AfCFTA Hub is a focal point for national governments, intergovernmental, private, and public organisations
- It links the parties together to make way for SMEs and startups to drive the success of the African Continental Free Trade Area
The African Continental Free Trade Area (AfCFTA) Secretariat has launched an online hub to ease trade on the African continent.
The AfCFTA Hub is a focal point for national governments, and intergovernmental, private, and public organisations. It links the parties together to make way for SMEs and startups to drive the success of the African Continental Free Trade Area.
The online hub is designed to grow into a single, trusted directory of the services needed to navigate the AfCFTA for small players, thereby making the AfCFTA the most inclusive Free Trade Area …
