Serrari Group

Airtel Uganda Set to Make Landmark Debut on Ugandan Securities Exchange

Airtel Uganda, a subsidiary of mobile operator Airtel Africa, has announced its plans to join the ranks of publicly listed companies by making its debut on the Ugandan Securities Exchange (USE). Following in the footsteps of MTN Uganda, the country’s largest telecommunications provider, which recently marked its first year as a publicly traded entity, Airtel […]

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Kenya Pension Funds Performance Take a Leap, Registers 6.4 Percent Return

Pension funds operate with the primary goal of providing employees with either a lump-sum payment or a consistent income stream during their retirement years. In Kenya, where the average retirement age is approximately 60 and life expectancy at birth is 67, pension funds play a pivotal role. Recent data from 2022 indicates that the Pension […]

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US Bank Stocks Tumble as Moody’s Slashes Ratings for 10 Midsize Banks

Bank stocks took a significant hit in the US market on Tuesday as credit rating agency Moody’s slashed the credit ratings of 10 midsized US banks overnight. This move comes as Moody’s cites potential declines in deposits and weaker profitability among the reasons for the downgrade. The downgrade announcement has reignited concerns among investors about […]

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Safaricom Ethiopia Secures Major Investment Deal to Boost Digital Connectivity.

Safaricom Ethiopia, the pioneering private telecom operator in the nation, has achieved remarkable progress since its inception in August 2022. The company recently marked significant achievements, including the expansion of its network, the launch of vital services, and the formation of strategic partnerships aimed at transforming Ethiopia’s telecommunications landscape. In a groundbreaking move, Safaricom Ethiopia […]

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Controversy Arises Over Moody’s Assessment of Kenya’s Eurobond Buyback

Moody’s Credit Rating Agency’s assertion that Kenya’s planned buyback of its Eurobond debt constitutes a default has been criticized by the African Credit Rating Research & Advisory, an entity under the African Union. The African Peer Review Mechanism (APRM), in a statement, disputes Moody’s claims and highlights the “voluntary” nature of the bond buyback initiative, […]

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JLL Unveils JLL GPT: The Implications for Commercial Real Estate

JLL, a prominent player in the commercial real estate (CRE) industry, has made a groundbreaking announcement with the introduction of JLL GPT, a pioneering large language model specifically designed for the CRE sector. This innovation, developed by JLL Technologies (JLLT), the technology arm of JLL, is set to revolutionize the way insights are provided to […]

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African Water Facility’s Bold Leap: $500 Million Urban-Sanitation Fund Unveiled

Approximately one-third of Africa’s population, totaling around 1.3 billion individuals, lacks access to reliable water supplies, and about one-sixth of the population lacks basic hygiene services. Addressing this critical issue necessitates a significant financial commitment, with the World Bank estimating a requirement of $57 billion in annual investments. In response to the growing demand for […]

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Money Market Funds Hit Record High Amidst Interest Rate Spike

With interest rate coming in at more than 5.5% after the Fed increase the rate by 0.25 basis points two weeks ago , the inflow of cash to banks and shorter term investment has been on the rise and this has cause an increase in Money Market Funds asset, reaching a record high at the […]

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JSE and big xyt: Transforming Stock Market Insights with Data

In the dynamic realm of the stock market, where every move holds the potential for significant gains or losses, the role of data has grown beyond mere numbers and charts. In the African context, where markets are witnessing a surge in innovation and growth, harnessing the power of data and embracing robust data solutions has […]

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Acorn Targets Sh1.5 Billion by 2024 for Student Hostel Portfolio Expansion

Acorn, a prominent property developer, is embarking on a drive to secure Sh1.5 billion in funding by January 2024. This initiative aims to facilitate the expansion of its student hostel portfolio through contributions from current unit holders of its development Real Estate Investment Trust (Reit). The latest semi-annual report from Acorn Student Accommodation (ASA) D-Reit […]

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