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- Rwanda-based Bboxx eyes generating $100M worth of carbon credits in Africa
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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 …
- Kakuzi PLC will begin selling its avocados to China following approvals to send its inaugural Hass variety of avocado consignment to be shipped out to China on July 30, 2022
- The move follows government regulatory agencies’ confirmation that China has now provided the green light for fresh avocado exports to the market
- Kakuzi kicked off the shipping management process following the green light from China, as it seeks to explore and unlock the export opportunity of locally grown fresh avocados
Kakuzi PLC will begin selling its avocados to China following approvals to send its inaugural Hass variety of avocado consignment to be shipped out to China on July 30, 2022.
The move follows government regulatory agencies’ confirmation that China has now provided the green light for fresh avocado exports to the market.
Kakuzi kicked off the shipping management process following the green light from China, as it seeks to explore …
- Safaricom has appointed investment banker John Ngumi as their new chairman, effective August 1, 2022
- The company unveiled Ngumi as the new chair who would take over from Michael Joseph, who took up the position in 2020
- Ngumi has had a 35-year banking career, having worked with local and international corporates with an East African regional presence, state-owned enterprises, sovereigns, and financial services grasps
Safaricom, Kenya’s biggest telecommunications company, has appointed investment banker John Ngumi as their new chairman, effective August 1, 2022.
On Friday, July 29, 2022, Safaricom unveiled Ngumi as the new chair who would take over from Michael Joseph, who took up the position in 2020.
Joseph took the job after Safaricom’s long-serving chairman Nicholas Ng’ang’a retired in 2020.
In a statement sent to The Exchange Africa, Safaricom said the incoming Chairman has had a 35-year banking career, having worked with local and international corporates with an …
- The UN World Food Programme (WFP) in Sudan has received a $100 million contribution from the World Bank to assist with critical emergency cash and food sustenance in Sudan
- The Sudan Emergency Safety Nets Project aims to provide cash transfers and food for over two million people across the impoverished and crisis-wracked nation
- The country’s economic and political crisis has grown more intense due to rising inflation, conflict and displacement
The UN World Food Programme (WFP) in Sudan has received a $100 million contribution from the World Bank to assist with critical emergency cash and food sustenance in Sudan.
In the first-ever direct contribution between the two UN agencies in the country, the Sudan Emergency Safety Nets Project aims to provide cash transfers and food for more than two million people across the impoverished and crisis-wracked nation, including those internally displaced.
“WFP is extremely grateful to the World Bank for …
- EABL has reported KSh 109.4 billion in net sales for the full year ended 30 June 2022, representing a 27 per cent growth compared to the same period last year
- The group attributed the performance to double-digit growth across all its markets and categories owing to an improved operating environment
- Kenya delivered 30 per cent net sales growth, mainly on the back of strong beer recovery and continued growth in spirits – fuelled by premium and upper mainstream segments
East African Breweries PLC (EABL) has reported KSh 109.4 billion in net sales for the full year ended 30 June 2022, representing a 27 per cent growth compared to the same period last year, as the business marks 100 years of operations in the region.
The group attributed the performance to double-digit growth across all its markets and categories owing to an improved operating environment as outlets reopened and sustained investment …
Nigeria’s Access Bank and the United States International Development Finance Corporation (DFC) have signed a commitment letter for a $280 million financing to assist in tackling the gap in financing for small- and medium-sized enterprises (SMEs).…
