Serrari Group

Egyptian Ed-Tech Startup Career 180 Secures Six-Figure Investment to Fuel Regional Expansion and Empower Youth Career Development

Career 180, a pioneering Egyptian education technology startup dedicated to revolutionizing career development for young individuals, has announced a significant six-figure investment. This latest financial boost is strategically aimed at solidifying the company’s position as a leading force in the burgeoning field of education technology and career advancement across the Middle East and North Africa […]

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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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Aramco Q1 Earnings Slide Amid Oil Market Uncertainty

In the first quarter of 2025, Saudi Aramco reported net income of 97.54 billion riyals (US $26.01 billion), a 4.6% decline from the same period a year earlier. Although this result modestly beat the median analyst forecast of US $25.36 billion, it highlights growing headwinds in the oil sector—from ebbing crude prices and rising costs […]

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MTN commits $10 billion to Nigeria’s digital infrastructure

Since launching its Nigerian operations in 2001, MTN has poured more than US $10 billion into expanding the country’s digital backbone—building towers, laying fibre and extending mobile network coverage to millions. As Nigeria navigates currency volatility, inflationary pressures and an evolving regulatory landscape, MTN’s long-term investment underscores both its faith in Africa’s largest economy and […]

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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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Vertex Backs Kintsugi with $15 M, Doubling Its Valuation to $150 M

In a move signaling the accelerating convergence of artificial intelligence and tax technology, Vertex Inc. announced a $15 million strategic investment in Kintsugi, a San Francisco–based AI‑driven tax compliance startup. The funding was part of an $18 million Series A round that lifted Kintsugi’s valuation to $150 million—double its worth just six months ago. Beyond capital, the partnership […]

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OAPI and AGF Unveil $69 M Fund to Propel DeepTech Across Francophone Africa

In a landmark announcement from Yaoundé, Cameroon, the African Intellectual Property Organization (OAPI) and the African Guarantee Fund (AGF) unveiled a new $69 million (CFA 40 billion) innovation fund aimed squarely at catalyzing DeepTech ventures across Francophone Africa. Over the next five years, the initiative seeks to finance 1,000 high‑impact projects spanning artificial intelligence, biotechnology, advanced manufacturing and clean […]

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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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Nestlé Boosts Tri An Coffee Plant with an Extra $75 Million as It Celebrates 30 Years in Vietnam

Nestlé has announced a fresh $75 million investment into its already thriving Tri An coffee plant in Vietnam’s Dong Nai province, reaffirming its long-standing commitment to one of the world’s leading coffee-producing nations. This expansion, coming as the company celebrates 30 years of operations in Vietnam, brings Nestlé’s total investment in the Tri An facility […]

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Afreximbank Pours $19 Billion into New African Energy Bank to Power Continental Growth

In a landmark announcement at the 2025 Offshore Technology Conference (OTC) in Houston, Texas, Senator Heineken Lokpobiri, Nigeria’s Minister of State for Petroleum Resources (Oil), revealed that the African Export-Import Bank (Afreximbank) is set to inject $19 billion into the newly established African Energy Bank (AEB). This substantial financial commitment underscores a pivotal shift in […]

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