Serrari Group

HashKey, Hong Kong’s First Licensed Crypto Trading Platform Emerges.

In November 2022, the FTX Exchange, a prominent cryptocurrency trading platform, faced a severe liquidity crisis which ultimately led to global regulatory interventions. This occurred as the platform struggled to gather billions of dollars to fulfill a surge of withdrawal requests during that year. Among the regulatory bodies taking action was Hong Kong, which initiated […]

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Egypt’s Gold Demand Skyrockets Amidst Currency Turmoil

According to a recent report by World Gold Council (WGC), Egypt has played a pivotal role in propelling investments in gold bars and coins across the Middle East. This contribution is striking, representing almost a third of the entire regional demand of 32 tons. In the initial half of 2023, Egypt’s appetite for gold nearly […]

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Coinbase Faces SEC Pressure: What It Means for the Crypto Market

The US Securities and Exchange Commission (SEC) took a significant step by advising Coinbase, a well-known cryptocurrency exchange, to stop trading in all cryptocurrencies except for bitcoin. This move was made before the SEC filed a lawsuit against Coinbase for not registering as a broker, indicating the agency’s intention to broaden its regulatory control over […]

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Kenyan Government Halts Worldcoin Cryptocurrency Project Over Privacy Concerns

In a notable move, the Kenyan government has taken decisive action by suspending all activities linked to the cryptocurrency endeavor known as Worldcoin within its national borders. This suspension arises in direct response to a significant data breach and the escalating worries regarding individual privacy. Interior Cabinet Secretary Kithure Kindiki has voiced the government’s profound […]

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Safe Investments: MIGA Provides Shield for BTE Renewables’ Solar Venture

The Multilateral Investment Guarantee Agency (MIGA), which is part of the World Bank Group, has given a helping hand to BTE Renewables, an African renewable energy company. MIGA has offered a 15-year safety net of $18.9 million (equal to €17.2 million) to safeguard BTE Renewables’ investments in a 75-MW solar power plant located in South […]

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FSD Africa and InfraCredit Collaborate to Invest in Risk Sharing Backstop Facility

FSD Africa Investments, in collaboration with InfraCredit, has infused £10 million into an innovative risk-sharing backstop facility, marking a pioneering step towards unleashing local currency support for sustainable infrastructure growth in Nigeria. The inception of the Risk Sharing Backstop Facility (RSBF) is a strategic response to the prevailing challenge of limited credit enhancement. This initiative […]

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From AAA to AA+: Fitch Ratings Adjusts US Credit Rating Amidst Fiscal Tensions

Fitch Ratings has chosen to decrease the credit rating of the United States, moving it from triple A to double A plus. This decision is based on concerns about a worsening fiscal situation and governance challenges. This alteration in the rating occurs just two months following a period of political brinkmanship that brought the world’s […]

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CBK Seeks KSh 40 Billion in August T-Bonds Tap Sale

In a strategic move, the Central Bank of Kenya (CBK) has unveiled plans to generate KSh 40 billion through its forthcoming Treasury Bonds (T-Bonds) tap sale scheduled for August. The CBK, cognizant of the financial landscape, intends to reinforce its financial reserves for crucial budgetary requirements. The importance of this initiative is underscored by its […]

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Searchthlight Capital buys  Gresham House

London-based asset manager Gresham House has been acquired by private equity firm Searchlight Capital in a cash transaction totaling nearly £470 million. Gresham House, which currently oversees £8 billion in investor funds, focuses on investing in alternative assets such as battery storage, forestry, energy from waste, and vertical farming. Shareholders of Gresham House will receive […]

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