Serrari Group

Microsoft Commits $1.7 Billion to Elevate Indonesia’s Tech Landscape

In a significant stride towards fortifying Indonesia’s technological infrastructure, Microsoft announced a substantial investment of $1.7 billion over the next four years. CEO Satya Nadella unveiled this commitment during a high-profile meeting with Indonesian President Joko Widodo in Jakarta. The investment is strategically allocated to bolster Indonesia’s cloud computing and artificial intelligence (AI) capabilities. With […]

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Ethiopian Startup Kubik Secures $5.2 Million in Seed Funding

Ethiopian eco-startup Kubik has successfully closed its seed funding round, raising an impressive $5.2 million. Leading the investment effort are African Renaissance Partners, alongside prominent backers such as Endgame Capital, Ethiopian Pharo Ventures, and King Philanthropies. Founded in 2021 by Kidus Asfaw and Penda Marre, Kubik operates from its recently established factory at the Adama […]

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Glencore Explores Investment Prospects in Nigerian Mining Sector

Glencore, a leading mining and trading entity, has set its sights on Nigeria’s promising mining landscape. CEO Gary Nagle’s visit to Nigeria’s Minister of Solid Minerals signals the company’s intent to explore investment opportunities, particularly in nickel, cobalt, and zinc. Nigeria, eager to attract foreign investment, is actively courting global players like Glencore. Minister Dele […]

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Italian Government Pledges $10 Billion Investment in Semiconductor Industry for 2024

In a bid to solidify its position in the semiconductor market, the Italian government has announced a significant investment of $10 billion earmarked for the industry this year. This ambitious move reflects Italy’s determination to emerge as a major player in microelectronics within the European landscape. During a recent gathering of the ruling party Fratelli […]

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XENO Investment Management Expands Reach to Kenyan Market

XENO Investment Management Limited, a Ugandan unit trust scheme, has set its sights on the Kenyan market, marking its strategic expansion beyond its home territory. The company, founded in 2017, has recently obtained regulatory approval to commence operations in Kenya. In their 2023 annual report, XENO’s chairman, Aeko Ongodia, expressed confidence in the firm’s future […]

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UK Commits £6.6 Million to Drive Green Projects Across 10 Kenyan Counties

The United Kingdom has pledged £6.6 million (Sh1.1 billion) to support 50 green investment projects in Kenya. These projects will span across 10 counties: Embu, Kirinyaga, Kisumu, Laikipia, Nairobi, Makueni, Nandi, Taita-Taveta, Vihiga, and Wajir. Guided by the County Green Finance Assessment, this funding aims to address environmental challenges while stimulating economic growth and job […]

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Philippine Digital Banks Garner $700 Million in Investments

Investors, both local and global, have injected over $700 million (approximately P40 billion) into the Philippines’ digital banking sector, marking a significant milestone in the industry’s growth trajectory. Since its establishment in 2021, the Digital Bank Association of the Philippines (DiBA PH) has played a pivotal role in attracting substantial investments to the country’s digital […]

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TLcom Capital Raises $154 Million to Fuel African Tech Growth

TLcom Capital, a prominent Africa-focused venture capital firm, recently closed its TIDE Africa Fund II, securing $154 million in funding. The fund, oversubscribed and supported by a diverse group of investors including the European Investment Bank (EIB), Allianz, DEG Impact’s AfricaGrow, Visa Foundation, and Bertelsmann, underscores growing confidence in Africa’s tech potential. Expanding its mandate […]

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President Ruto Commends SEZ Growth as Jumbo Africa Makes African Debut in Naivasha

President William Ruto lauded Kenya’s Special Economic Zones (SEZs) for attracting a diverse array of investors, signaling robust confidence in the nation’s economic policies. Speaking at the launch of Jumbo Africa Auto Auction SEZ Limited in Naivasha, President Ruto emphasized the company’s significance as the first Japanese car auction enterprise in Africa. Jumbo Africa’s entry […]

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Saudi Healthcare Leader, Fakeeh Care Group, Announces IPO Amid Market Momentum

 Fakeeh Care Group, a prominent private hospital chain in Saudi Arabia, has declared its intention to go public through an Initial Public Offering (IPO). The company, known for its family-owned heritage and strong presence in key cities like Jeddah and Riyadh, plans to offer a 21.47% stake through a combination of new and existing shares. […]

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