Serrari Group

Nigeria Secures $1.1 Billion AfDB Loan to Expand Electricity Access

The Federal Government of Nigeria has successfully secured a $1.1 billion loan from the African Development Bank (AfDB) to enhance electricity access across the country, aiming to provide power to at least 5 million people by the end of 2026. This financial agreement represents a significant step toward addressing Nigeria’s persistent energy deficit and advancing […]

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Kenya Cancels Multi-Billion-Shilling Adani Border Security Project for Visitor Tracking

In a significant move, the Kenyan government has terminated a high-profile project aimed at bolstering security at its entry points through an advanced electronic visitor tracking system. This decision comes amidst a backdrop of international scrutiny and domestic concerns regarding the project’s transparency and the integrity of its primary contractor, the Adani Group. Project Overview […]

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British International Investment Partners with City of London’s Institutional Investors to Strengthen UK’s Leadership in Climate Finance

In a significant move to bolster the United Kingdom’s position as a global leader in climate finance, British International Investment (BII), the UK’s development finance institution and impact investor, has announced a pioneering partnership with the City of London’s institutional investors. This collaboration aims to channel substantial private capital into emerging economies to address the […]

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Traxtion Expands Operations into Angola with Strategic Lobito Corridor Contract

In a landmark development for African rail logistics, Traxtion, one of the largest private freight rail companies on the continent, has officially expanded its operations into Angola by securing a new contract with the concessionaire of the Lobito Rail Corridor. This move strengthens the company’s footprint across nine African countries and marks a significant step […]

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Kenya Power Declares Dividends as Half-Year Profits Surge by 3025%

Kenya Power and Lighting Company (KPLC) has posted a record-breaking profit increase of 3025.4% in the six months ending December 2024, a dramatic turnaround driven by reduced finance costs, increased electricity sales, and lower costs of sales. This remarkable performance has prompted the company to declare an interim dividend of KSh 0.20 per share, marking […]

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Global Clean Energy Investment Surges to $2.1 Trillion in 2024, Reports BloombergNEF

In a landmark development for the global energy sector, BloombergNEF (BNEF) has reported that investments in clean energy technologies reached an unprecedented $2.1 trillion in 2024. This figure represents an 11% increase from 2023 and more than doubles the investments made in 2020, highlighting the rapid acceleration toward sustainable energy solutions worldwide. This surge in […]

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Africa and EU Sign New EUR 100 Million Space Partnership Programme

In a landmark move to bolster space cooperation, the European Commission has officially signed the Africa-EU Space Partnership Programme, a EUR 100 million initiative aimed at strengthening space collaboration between Europe and Africa. This significant milestone, the result of years of dedicated partnership, stands as a flagship component of the EU’s Global Gateway strategy, reinforcing […]

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TikTok Partners with Aleph and Wowzi to Strengthen Kenya’s Digital Economy

In a strategic move to bolster Kenya’s burgeoning digital landscape, TikTok has announced partnerships with Aleph Holdings and Wowzi. This collaboration aims to enhance the platform’s presence in Kenya’s creative and business sectors, providing tailored solutions for advertisers and new opportunities for content creators. Aleph Holdings: Streamlining Advertising for Kenyan Businesses Aleph Holdings will assume […]

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HSBC Announces Biggest Investment Banking Retrenchment in Decades, Shifts Focus to Asia

In a dramatic shake-up of its global investment banking operations, HSBC has announced plans to exit its mergers and acquisitions (M&A) advisory and equity capital markets (ECM) businesses in Europe, the United Kingdom, and the Americas. This move represents HSBC’s most significant retrenchment from investment banking in decades and underscores the bank’s continued strategic pivot […]

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Rockefeller Foundation Invests US$15.9 Million to Expand Electricity Access at Mission 300 Africa Energy Summit

Introduction In a significant move aimed at tackling energy poverty across Africa, The Rockefeller Foundation has announced an additional investment of US$15.9 million to support the ambitious Mission 300 initiative, which seeks to provide electricity access to 300 million Africans by 2030. This announcement was made during the Mission 300 Africa Energy Summit, held in […]

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