Serrari Group

OTC Gold Buying Surges: Wealthy Investors Seek Protection

In the second quarter, despite a slowdown in central bank purchases, the demand for gold bars remained high due to wealthy individuals and corporates seeking safe-haven investments. According to a quarterly report by the World Gold Council (WGC), gold demand increased by 7 per cent, reaching 1,255 tonnes in the three months leading up to […]

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UK Invests £40 Million in Ghana’s Small Businesses

James Cleverly, the Foreign Secretary of the United Kingdom, is set to visit three African countries during his four-day tour aimed at strengthening future-focused and mutually beneficial partnerships. Kicking off his journey in Ghana today, Monday, July 31, Cleverly will announce new UK investments for small businesses in Ghana. As one of the UK’s major […]

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Wilo Group Launches Assembly Plant in Nairobi to Propel Operations and Enhance Solutions in East Africa

July 26 2023 Wilo Group, a renowned German manufacturer of pumps and pump systems, is reinvigorating its presence in Kenya by establishing an assembly plant in Nairobi. This strategic move is fueled by the company’s recognition of the burgeoning opportunities in the country’s high-rise construction projects and the government’s affordable housing initiatives. Over the past […]

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US Commits $12 Million Towards Reviving Pyrethrum Sector in Kenya

July 14 2023 In a significant boost to the agricultural sector in Kenya, the United States government has committed $12 million towards reviving the pyrethrum sector. Pyrethrum is a valuable crop used in the production of natural insecticides and is known for its effectiveness in controlling pests. The investment aims to rejuvenate the pyrethrum industry, […]

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Sustainable Investment Breakthrough: KCB Foundation’s 100,000 Electric Bike Plan

July 24, 2023 KCB, one of Kenya’s leading financial institutions, has announced a groundbreaking partnership with the United Nations Institute for Training and Research (UNITAR) to launch an ambitious plan to sell 100,000 electric bikes in the country within the span of a year. This bold initiative is in line with KCB’s commitment to achieving […]

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Starlink Enters Kenya

July 18, 2023 Starlink, the groundbreaking satellite internet service, has made its entry into the Kenyan market. This move follows its successful expansion into other African countries, including Nigeria, Mozambique, Rwanda, and Sierra Leone, as announced by CEO Elon Musk earlier this year. On July 18, 2023, Musk took to Twitter to announce the inclusion […]

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Safaricom Unveils Faraja – Zero Interest Credit Service

July 27, 2023 Safaricom has recently launched an innovative zero-interest credit service, named Faraja, designed to facilitate the purchase of goods up to Sh100,000. The initial block by the financial regulator caused much anticipation, but the service is now set to shake up the mobile loans market dominated by products like Fuliza, a mobile overdraft […]

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KEPFIC Evaluates Diverse Investment Opportunities Valued at $5.5 Billion

July 20, 2023 The Kenya Pension Funds Investment Consortium (KEPFIC) is actively reviewing a diverse range of infrastructure and alternative investment proposals, collectively valued at over Ksh. 700 billion. These proposals have been submitted by project sponsors and fund managers, who are seeking capital from local retirement benefits schemes. This move comes as pension schemes […]

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Car&General to Acquire Cummins C&G Holdings

July 25, 2023 Car&General (Trading) Limited has received approval from the Competition Authority of Kenya (CAK) to fully acquire Cummins C&G Holdings, meeting all the necessary regulatory requirements. Cummins C&G Holdings, based in Mauritius, is primarily involved in distributing power generators and diesel engines, maintaining power equipment, and selling filtration equipment and coolants. On the […]

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