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- Why Africa’s population explosion is a mixed bag of opportunities and challenges
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- From safari icons to status symbols: The dual fate of Tanzania’s black rhinos
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- 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 …
- Most business executives in Kenya expect a stable economy after the August 9 general elections to support higher industry business growth
- Business executives also expressed optimism about hiring additional full-time employees in the next six months, which will translate to increased business operations
- Overall, the current CEOs Business Confidence Index by KEPSA stands at 61 points
As Kenya heads to the polls on August 9, 2022, the Kenya Private Sector Alliance (KEPSA) has launched the CEOs Business Confidence Index Report 2022, showing that most business executives expect a stable economy after elections to support higher industry business growth.
According to the index, the current CEOs Business Confidence Index stands at 61 points overall. Business executives also expressed optimism about hiring additional full-time employees in the next six months, which will translate to increased business operations.
KEPSA CEO Carole Kariuki said the report’s findings come when the ongoing war in Ukraine …
- CIC Insurance’s gross profit hit KSh 464 million in the first six months of 2022, compared to a pre-tax profit of KSh 337 million posted in a similar period in 2021.
- CIC said the performance was driven by strong growth in the gross written premium and improved performance on the underwriting results
- CIC’s gross written premium grew by 23 per cent to KSh 13.2 billion from KSh 10.7 billion, driven by growth in all its businesses in Kenya and the regional countries
- The company’s total assets increased by 10 per cent from KSh 41 Billion as of 30th June 2021 to KSh 45.8 billion as of 30th June 2022 as investments continued to grow
CIC Insurance’s gross profit hit KSh 464 million in the first six months of 2022, compared to a pre-tax profit of KSh 337 million posted in a similar period in 2021. The performance represents a 38 …
Changes in the global food chain provide essential opportunities to enhance the profile of integrated thinking in Africa. Because these measures will benefit the whole planet, a collective responsibility remains necessary. Landscape-based initiatives and the scaling out of agro-ecological systems and restorative agriculture must be prioritized by African member states.
There should be cross-border collaborations in critical landscapes. Non-African partners and enterprises must also invest in regional systems strategies, focusing on yield and advancing all ecological systems. As investment in Africa’s agricultural industry grows, steps must be taken to avoid negative environmental consequences.
Everyone wants to live in a world with a healthy planet and people and planet. In Africa, this means people with access to healthy diets, economic growth, and development possibilities while interacting with the continent’s unique natural environments.…
- President Uhuru Kenyatta has established a government agency whose work will be to ensure access to the safe and ethical use of human cells, tissues and organs in Kenya
- Kenyatta established the Kenya tissue and transplant authority through a special gazette notice dated August 1st
- The Kenya tissue and transplant authority will be a successor to the National Blood Transfusion, Tissue and Human Organ Transplant Services Department
President Uhuru Kenyatta has established a government agency whose work will be to ensure access to the safe and ethical use of human cells, tissues and organs in Kenya.
On August 4, 2022, Kenyatta launched the Kenya tissue and transplant authority, through a special gazette notice dated August 1st.
The authority will be a successor to the Department of the National Blood Transfusion, Tissue and Human Organ Transplant Services.
It will be required to ensure the safety, biosafety and wellbeing of donors and …
- The Insurance Regulatory Authority has revealed that claims paid in the general insurance business hit KSh 16.85 billion ($142 million) in the first quarter of 2022
- The report further revealed that medical, motor private, and motor commercial had the highest amounts of paid claims at 46.3 per cent, 25.9 per cent and 19.5 per cent, respectively
- Claims incurred in the general insurance business amounted to KSh 18.43 billion during the period under review
- The high premium volume classes of the general insurance business – medical, motor private and motor commercial, contributed the largest proportions of incurred claims
A new report by the Insurance Regulatory Authority has revealed that claims paid in the general insurance business hit KSh 16.85 billion in the first quarter of 2022, marking a 13.3 per cent increase compared to the same period last year when insurers paid claims worth KSh 14.88 billion.
The report further revealed …
By 2023, the value of Africa’s legal cannabis market could be at least US$7.1bn across nine key African countries if they legalize recreational and medical use, according to The African Cannabis Report from industry analysts Prohibition Partners. Worldwide, the Covid-19 lockdown period saw record-breaking sales of cannabis in multiple regions. Global sales of CBD (an active cannabis ingredient frequently used as a natural remedy), medical cannabis, and adult-use (recreational) cannabis topped US$37.4bn in 2021, and could rise to US$102bn by 2026, says the firm.
According to African Business, natural and situational advantages have attracted investor interest in Southern Africa. In mid-March, Akanda, a London-headquartered firm that owns the Bophelo Bioscience & Wellness cultivation campus in Lesotho, announced the completion of its initial public offering of 4m shares on the Nasdaq Capital Market.
Cannabis Business Africa, in an article published as far as February 13, 2021, said SilverLeaf Investments is aiming …
