Serrari Group

Ksh 12.29 Billion Injection Set to Revive Kenya’s Leased Sugar Mills

Kenya’s sugar sector a lifeline for millions of smallholder farmers, factory workers and ancillary businessesis on the cusp of a dramatic revival. The Ministry of Agriculture and Livestock Development has today announced a landmark Ksh 12.29 billion private-sector investment package to overhaul four distressed state-owned sugar mills: Nzoia, Chemilil, Sony and Muhoroni. Under 30-year lease […]

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Kenya’s Wealthy Pivot from Luxury to Infrastructure and Food Security Investments

Kenya’s affluent class is quietly rewriting its investment playbook. Once enamoured with flashy offshore property, luxury developments and the mining sector, High Net-Worth Individuals (HNWIs) are refocusing on locally anchored, high-return ventures—from agribusiness to data centres and logistics. This pivot reflects broader economic headwinds: Kenya’s GDP growth slowed to 4.7 percent in 2024 (down from […]

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Africa Travel Investments Acquires Kenya’s Esteemed Pollman’s Tours and Safaris, Signaling Strong Confidence in Tourism Sector

In a strategic move poised to reshape Kenya’s tourism landscape, Africa Travel Investments, a prominent tourism-focused investment firm with the robust backing of Africa’s wealthiest individual, Aliko Dangote, has successfully acquired Pollman’s Tours and Safaris, the oldest and one of the most revered tour operators in Kenya. The Competition Authority of Kenya (CAK) granted its […]

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Sanlam Kenya Shares Plunge as Massive Dilution Looms

When Sanlam Kenya Plc unveiled plans on April 3, 2025 to raise KSh 2.5 billion via a rights issue, the share price initially jumped to KSh 10.35—an unexpected reaction to what investors usually see as dilutive. Yet by May 9, the stock had retraced sharply, trading at KSh 5.88, a 43% plunge that brought it […]

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Safaricom Hits $3 B Revenue Milestone as Tech Transformation Pays Off

In a milestone achievement for East Africa’s telecommunications industry, Safaricom PLC (NSE: SCOM) reported total revenue of KES 388.7 billion (approximately $3 billion) for the year ended March 31, 2025—an 11.2 percent increase over the prior year. Net income climbed 10.8 percent to KES 69.8 billion, while Earnings Before Interest and Taxes (EBIT) surged 29.5 percent to KES 104.1 billion. The Board approved a total dividend payout of KES 48.08 billion, […]

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Kenya Unveils Climate‑Smart Funding for Water and Sanitation Sector Transformation

Kenya is intensifying its efforts to revolutionize the water and sanitation sector, placing a strong emphasis on climate resilience, digital innovation, and private sector investment. This strategic shift comes ahead of the Kenya Water and Sanitation International Conference and Exhibition 2025, scheduled for June 23 to 27 at PrideInn Paradise Beach Resort in Mombasa. A […]

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Mudavadi Seeks Stronger US-Kenya Ties and Increased Investment in Kenyan Market

Prime Cabinet Secretary Musalia Mudavadi embarked on a landmark visit to Washington, D.C., this week, underscoring the deepening ties between Kenya and the United States. On May 6, 2025, he met with Congressman Brian Mast, Chairman of the U.S. House Foreign Affairs Committee, at Capitol Hill, lauding America’s steadfast support in promoting peace and regional […]

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Absa Restructures $26 Million in Loans Providing Relief To Borrowers

Absa Bank Kenya has stepped in to ease the burden on its most vulnerable customers, announcing the restructuring of Ksh 3.4 billion (approximately $26.35 million) in loans during 2024. Faced with the twin challenges of surging costs of doing business and squeezed household budgets, many Kenyans found themselves teetering on the edge of default. Absa’s loan‑restructuring initiative offers […]

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