Serrari Group

QED Leads $11M Investment in Nigerian Fintech Raenest as It Expands Africa’s Cross-Border Payment Ecosystem

As Africa’s digital economy flourishes, an increasing number of freelancers, remote workers, and businesses across the continent are securing international opportunities. However, one of the biggest challenges they face is receiving payments from foreign clients and employers. Traditional banking infrastructure in many African nations remains cumbersome, with barriers such as high transaction fees, foreign exchange […]

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Kenya Power Invests KSh.1 Billion to Enhance Electricity Supply in Western Kenya

In a strategic move to bolster the reliability and reach of electricity in Western Kenya, the Kenya Power and Lighting Company PLC (Kenya Power) has committed nearly KSh.1 billion towards the expansion and modernization of the region’s electrical infrastructure. This substantial investment underscores the company’s dedication to supporting both domestic and industrial consumers across 11 […]

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Australia’s Macquarie Group Exits Net Zero Banking Alliance Amid Global Financial Shift

In a significant move reflecting the evolving dynamics of global finance and environmental commitments, Australia’s Macquarie Group announced its departure from the Net Zero Banking Alliance (NZBA) on Tuesday. This decision aligns Macquarie with several major U.S. banks that have recently withdrawn from the UN-backed coalition dedicated to achieving net-zero greenhouse gas emissions by 2050. […]

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South Africa Secures R70.8 Billion in Investments at KwaZulu-Natal Conference

In a significant boost to South Africa’s economic landscape, the recent KwaZulu-Natal Investment Conference held in Durban witnessed a remarkable commitment from both multinational and local businesses. Sixteen companies pledged a combined investment of R70.8 billion, targeting various sectors including manufacturing, tourism, automotive, logistics, and property development over the next two years. This surge in […]

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Kenya’s Stock Exchange Targets 9 Million Retail Investors in Ambitious 5-Year Growth Strategy

In a bold move to transform Kenya’s capital markets, the Nairobi Securities Exchange (NSE) has launched an ambitious five-year strategy to attract 9 million active retail investors both domestically and across the Kenyan diaspora. The initiative, which commenced in February 2024, aims to modernize the exchange, improve investor accessibility, and introduce innovative financial products to […]

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France Announces €109 Billion Investment in AI Ahead of Global Summit

In a landmark move that underscores France’s ambitions to be at the forefront of artificial intelligence (AI) development, President Emmanuel Macron has announced a record-breaking €109 billion ($113 billion) investment in AI projects. This announcement comes just ahead of the AI Action Summit in Paris, a crucial gathering of global leaders aimed at shaping the […]

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P1 Ventures Closes $50M Fund to Break Conventional Barriers in African Venture Capital

 In a significant boost to Africa’s growing startup ecosystem, early-stage Pan-African venture capital firm P1 Ventures has successfully closed a $50 million institutional fund to accelerate investments in tech-driven businesses across the continent. Unlike traditional venture capital (VC) firms, P1 Ventures aims to disrupt conventional investment models, focusing on high-growth companies that are “built in […]

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Local Investors to Pump KSh 129 Billion into Nairobi-Mombasa Expressway: A Major Boost for Infrastructure Growth in Kenya

In a groundbreaking move set to transform Kenya’s transportation infrastructure, American asset management firm Everstrong Capital has partnered with CPF Capital & Advisory Ltd. to raise $1 billion (KSh 129 billion) for the ambitious Usahihi Nairobi-Mombasa Expressway project. This initiative marks a significant shift in Kenya’s approach to financing large-scale infrastructure developments, emphasizing local investment […]

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UAE’s Debt Capital Market Poised to Reach $400 Billion Amid Favorable Policies: Fitch

The United Arab Emirates (UAE) is witnessing a significant expansion in its debt capital markets (DCM), with projections indicating a surge to $400 billion in the coming years. This rapid growth is driven by a combination of funding diversification, upcoming debt maturities, infrastructure financing, regulatory reforms, and the evolution of the Dirham Monetary Framework. According […]

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StarkWare Launches $4 Million Venture Fund to Propel Blockchain Innovation in Africa

In a significant move poised to accelerate blockchain development across the African continent, Israeli blockchain infrastructure company StarkWare has unveiled a $4 million venture fund dedicated to supporting early-stage African startups. This initiative underscores StarkWare’s commitment to harnessing the transformative potential of blockchain technology in regions historically underserved by traditional financial systems. The venture fund […]

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