Monday, September 30

Investing

Bboxx Power solar panel installation
  • 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

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Kenya's Private Equity Deals
  • 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 …

Vietnamese investors

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 …

www.theexchange.africa
  • Land prices in Nairobi’s satellite towns hit all-time highs in the second quarter of 2022 because of continued investor demand for new land for development and investment
  • Overall land prices in the satellite towns improved by 4.1 per cent over the quarter, with all 14 suburbs tracked by the index posting positive returns
  • Tigoni emerged as the best performing town with prices increasing by 6.65 per cent over the quarter, while Juja recorded a 20.91 per cent annual increase

Land prices in Nairobi’s satellite towns hit all-time highs in the second quarter of 2022, a new report by property experts HassConsult has found.

The company attributed the performance to continuous investor demand for new land for development and investment.

Overall land prices in the satellite towns improved by 4.1 per cent over the quarter, with all 14 suburbs tracked by the index posting positive returns. Limuru and Athi River were …

www.theexchange.africa
  • Insurance Regulatory Authority (IRA) has indicated that the insurance industry in Kenya continued to register improved performance in the first quarter of 2022 compared to previous quarters
  • Gross written premiums in the first quarter of 2022 went up by 11 % to KSh 88.43 billion from KSh 79.26 billion in a similar quarter in 2021
  • General insurance premiums amounted to KSh 53.92 billion. In contrast, the premium reported by the long-term insurers in the period under review hit KSh 34.51 billion

New data by the Insurance Regulatory Authority (IRA) indicates that the insurance industry in Kenya continued to register improved performance in the first quarter of 2022 compared to previous quarters.

The data, released on August 1, 2022, noted that gross written premiums among Kenyan insurance firms in the first quarter of 2022 went up by 11 % to KSh 88.43 billion from KSh 79.26 billion in a similar quarter …

In terms of achieving net zero carbon emissions, the largest mining companies in the world have several options – each with merits and demerits – they can explore.  Mining companies can either divest, decommission, reduce emissions in existing operations, and/or offset assets that produce high greenhouse gas emissions (GHG).

Achieving net zero presents a dilemma because many of the largest miners have made their goal of reaching net zero by offsetting current emissions either through purchasing carbon offsets or investing in solutions that mitigate climate change.

Divesting assets, which is something Anglo American did with their coal assets which they spun off into a pure play standalone coal miner, will decrease a miner’s GHG emissions on a standalone basis. This move simply makes the emissions another person or entity’s challenge. The transfer of assets to third parties increases the risk that those assets may not be de-commissioned promptly or appropriately…

Zimbabwe Stock Exchange Outlook in the face of dollarization.
  • Zimbabwe Stock Exchange has been one of Africa's best performing stock markets during the years 2019 to 2021
  • Zimbabwe's economy officially dollarized for the second time since 2009 when it first abandoned the use of the Zimbabwe dollar.
  • The Zimbabwe Stock Exchange is home to some high quality companies that generate consistent quality returns.
  • When dollarization first occurred in 2009 companies in Zimbabwe were left poorly capitalized and in need of fresh capital in hard currency.
  • The need for fresh capital resulted in a flurry of rights issues from companies listed on the Zimbabwe Stock Exchange which for the most part were poorly subscribed leading to the dilution of existing shareholders who could not pursue their rights when dollarization initially occurred.
  • This second phase of dollarization will be like the initial phase for investors who are not prepared for it but will also be a significant opportunity for those with

The promise of industrialization in East Africa has been on an exponential growth trajectory, remarkably transforming the economies of all the thirteen nations in the region.

The root of this massive developmental shift has been the strategic partnerships that countries across the region have engaged in with developed countries, pertinently in Asia. This is well attuned to Africa’s Agenda 2063 on the ‘Africa we want’ set by the African Union (AU), which advocates under its first aspiration, a ‘Prosperous Africa based on inclusive growth and sustainable development’ and ‘A Strong, United, Resilient and Influential Global Player and Partner’ under aspiration 7.

Towards the fruition of both aspirations, countries in East Africa have been forging transformative partnerships aligned to their specific national development goals strengthening trade and bilateral ties with Asian allies largely China, Japan, Turkey, Indonesia and India.

However, China has spearheaded this much-needed development, which continues to pump resources…

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