Serrari Group

ASI launches R300M ETA Search Fund to tackle SME succession gaps 

In a significant move set to reshape South Africa’s entrepreneurial landscape, ASI Financial Services has unveiled a groundbreaking R300 million (approximately $17 million USD) Entrepreneurship-Through-Acquisition (ETA) Search Fund. This innovative initiative directly confronts two pressing national challenges: the critical succession gap among Small and Medium-sized Enterprise (SME) owners and the persistently high youth unemployment rate. […]

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Kenya and Senegal join EBRD as new shareholders

In a landmark development for global development finance, Kenya and Senegal have officially become the newest shareholders of the European Bank for Reconstruction and Development (EBRD), bringing the total number of its member countries to 79. This pivotal expansion marks a significant step in the EBRD’s strategic move to extend its operations into Sub-Saharan Africa […]

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OpenAI and Oracle expand Project Stargate, adding 4.5GW in data centers

In a move that underscores the relentless acceleration of the artificial intelligence arms race, OpenAI and Oracle have announced a significant deepening of their collaboration, committing to develop an additional 4.5 gigawatts of data center capacity. This staggering expansion builds upon the already ambitious “Project Stargate” initiative, a colossal undertaking poised to reshape the global […]

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TotalEnergies begins production from Angola’s Blocks 17 and 17/06, adding 60,000 Barrels Per Day

Global energy giant TotalEnergies has announced the successful commencement of production from two significant new projects in Angola’s deepwater Blocks 17 and 17/06. These strategic investments, the Begonia and Clov Phase 3 subsea satellite developments, are poised to collectively add 60,000 barrels of oil per day (bpd) to Angola’s output, reinforcing the nation’s crucial role […]

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CBK Targets KSh 90 Billion in First FY2025/26 Infrastructure Bond Reopening

Kenya’s domestic debt market is buzzing with renewed activity as the Central Bank of Kenya (CBK) officially launches the first infrastructure bond (IFB) auction for the 2025/26 fiscal year. This strategic move aims to raise a substantial KSh 90 billion, signaling the government’s continued reliance on the local bond market to finance its ambitious development […]

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Nvidia and Snowflake Fuel Reka AI’s Ascent to Unicorn Status with $110M Investment

In a significant development poised to reshape the competitive landscape of artificial intelligence, two industry titans, Nvidia Corp. (NASDAQ: NVDA) and Snowflake Inc. (NYSE: SNOW), have jointly spearheaded a substantial new funding round in the burgeoning AI startup, Reka AI. This strategic investment, totaling an impressive $110 million, has propelled the three-year-old company into the […]

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Afreximbank Backs Strategic Projects Across Africa with $1 Billion Investment Pipeline

The 32nd Annual Meetings of the African Export-Import Bank (Afreximbank), known as AAM2025, recently concluded with a resounding declaration of commitment to Africa’s economic transformation. A series of impactful deal signings during the event underscored Afreximbank’s proactive role in de-risking and accelerating critical infrastructure and industrial projects across the continent. Four significant project preparation transactions […]

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NSE to scrap 100-share trading minimum from August 1, 2025, opening stock market access to all Kenyan investors with as little as one share

The Nairobi Securities Exchange (NSE) is set to usher in a new era of accessibility for Kenyan investors, effective August 1, 2025. In a landmark move, the NSE has received regulatory approval to abolish the long-standing mandatory 100-share minimum trading rule, allowing individuals to buy and sell as little as one share. This pivotal change, […]

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Germany’s top firms pledge €631B by 2028 to revive economy and restore confidence after recession-hit years

In a powerful display of corporate commitment, approximately 60 of Germany’s most influential companies have united to launch a monumental “Made for Germany” investment initiative. This ambitious pledge, unveiled on Monday, aims to inject a staggering €631 billion into the nation’s economy by 2028, signaling a concerted effort to restore investor confidence after two challenging […]

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Zambia’s Mopani Copper Mines rebounds with UAE-backed investment, boosting production, jobs, and expansion in global energy transition

In a remarkable turnaround story for one of Africa’s most strategically vital copper assets, Zambia’s Mopani Copper Mines is experiencing a robust revival, spearheaded by a transformative investment from the UAE’s International Resources Holding (IRH). Just one year after IRH became the majority shareholder, Mopani has witnessed a significant surge in production, substantial job creation, […]

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