Serrari Group

African Guarantee Fund Unveils US$5 Billion Mission 300 Local Currency Guarantee Facility to Boost Energy Access in Africa

A Landmark Initiative for Africa’s Energy Future The African Guarantee Fund (AGF) has announced the launch of its Mission 300 Local Currency Guarantee Facility, an ambitious initiative aimed at mobilizing US$5 billion to finance small and medium-sized enterprises (SMEs) in Africa’s Distributed Renewable Energy (DRE) sector. This facility marks a significant milestone in addressing Africa’s […]

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Actis to Exit Java House to Two Africa-Focused PE Firms

Kenyan coffeehouse chain Java House is set for yet another change of ownership as Actis, a UK-based private equity (PE) firm, exits the company. The new owners, Alterra Capital and Phatisa Group, will acquire majority and minority stakes, respectively, with control rights, marking Java House’s fourth ownership transition in 12 years. This move underscores the […]

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DeepSeek Sparks AI Stock Selloff; Nvidia Posts Record Market-Cap Loss

The global financial markets were rocked on Monday as a massive selloff in technology stocks wiped billions from valuations, marking one of the most turbulent days for the sector in recent memory. The catalyst? A revolutionary low-cost artificial intelligence model unveiled by Chinese startup DeepSeek, which analysts believe could threaten the dominance of established players […]

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South African AI Digital Insurance Platform, Naked, Raises $38 Million, the Largest Insurtech Investment in Africa

Naked, a South African insurtech startup revolutionizing the insurance industry through artificial intelligence (AI), has raised R700 million ($38 million) in its latest Series B2 funding round. The funding, led by global impact investor BlueOrchard, represents the largest single investment in the African insurtech sector to date and underscores the rapid evolution of the insurance […]

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Moody’s Revises Kenya’s Credit Rating to Positive Amid Easing Liquidity Risks

In a major development for Kenya’s economic outlook, Moody’s Investors Service has upgraded the country’s sovereign credit rating to “positive” from “negative,” citing an easing of liquidity risks and potential improvements in debt affordability. The announcement, made on January 25, 2025, comes seven months after the agency had downgraded Kenya’s rating, a move that had […]

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Nigerian Banks Enforce PoS Withdrawal Limits: N100,000 Daily, N500,000 Weekly

In a move designed to bolster operational efficiency and curb fraudulent activities, banks across Nigeria have commenced enforcement of new withdrawal limits for Point-of-Sale (PoS) terminals. The directive, issued by the Central Bank of Nigeria (CBN) on December 17, 2024, sets daily and weekly withdrawal caps at N100,000 and N500,000, respectively. This policy marks a […]

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Foreign Investors Withdraw Sh16 Billion Amid Political Tensions in Kenya: CMA Report

Foreign investors withdrew a staggering Sh16 billion from Kenya’s capital markets in the last quarter of 2024, driven by political tensions that overshadowed the country’s otherwise stable economic performance. This development, revealed in the Capital Markets Authority (CMA) quarterly Capital Markets Soundness Report, highlights the challenges facing Kenya’s investment climate despite economic growth and currency […]

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Visa Invests in Moniepoint to Advance Financial Inclusion for African SMEs

Moniepoint Inc., Nigeria’s leading business payments and banking services platform, has received a strategic investment from Visa, the global leader in digital payments. This investment not only solidifies Moniepoint’s position as a major player in the African fintech landscape but also highlights Visa’s commitment to advancing financial inclusion across the continent. Founded in 2015 by […]

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