Serrari Group

Microsoft cuts nearly 4% of global staff to streamline operations and fund $80B AI investment in 2025 restructuring strategy

In a significant move reverberating across the global technology landscape, Microsoft has announced a fresh round of job cuts, impacting nearly 4% of its worldwide workforce. This decision, following a similar reduction of approximately 6,000 employees in May 2025, underscores the tech giant’s intensified focus on managing costs amidst soaring investments in artificial intelligence (AI) […]

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Saudi Arabia to invest $25B in Africa, expand to 40+ embassies, signaling a major foreign policy shift under Vision 2030

In a bold declaration that signals a profound shift in its foreign policy and economic strategy, Saudi Arabia has unveiled plans to dramatically deepen its engagement with the African continent. This strategic pivot, announced by Saudi Deputy Minister of Foreign Affairs Walid Al-Khereiji, includes an aspiration to invest an astounding $25 billion across Africa, alongside […]

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Kenya and UK sign renewed 5-year pact to boost trade, development, and cooperation, unlocking Ksh.427B in transformative investments

In a landmark moment for bilateral relations, Kenyan President William Ruto and United Kingdom Prime Minister Sir Keir Starmer on July 1, 2025, signed a renewed 5-year Kenya-UK Strategic Partnership pact that is poised to unlock over Ksh.427 billion (approximately £2.5 billion) in transformative investments. This monumental agreement, formalized during high-level bilateral talks in London, […]

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Venture Global’s Calcasieu Pass LNG facility earns investment-grade ‘BBB-‘ rating from S&P, signaling strong growth in U.S. LNG infrastructure

In a significant development for the global liquefied natural gas (LNG) market and a testament to the robust execution of its projects, Venture Global LNG announced a major credit rating upgrade for its flagship Calcasieu Pass LNG export facility. S&P Global Ratings, one of the world’s leading independent credit rating agencies, has elevated the project’s […]

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U.S.-Africa Business Summit Forges $2.5 Billion in Transformative Deals, Prioritizing Trade Over Aid

In a resounding declaration of a new era in U.S.-Africa relations, the 17th U.S.-Africa Business Summit has concluded with an unprecedented announcement: over $2.5 billion in new deals and commitments between the United States and its African partners. This landmark achievement, highlighted by the U.S. State Department, emphatically underscores a strategic shift in American foreign […]

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Central Bank of Kenya Revokes Pakistan’s Al-Habib Bank Representative Office License Amid Global Restructuring Wave

The financial landscape in Kenya has seen a notable development with the Central Bank of Kenya (CBK) announcing the cancellation of the authority granted to Bank Al-Habib Ltd (BAHL) of Pakistan to operate its Representative Office in Kenya. This decision, effective May 15, 2025, follows a strategic rationalization by BAHL to consolidate its international operations, […]

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AI adoption surges as 88% of global firms fund dedicated AI budgets: Nasscom Report Highlights Major Shift in Global AI Strategy

The global business landscape is undergoing a profound transformation, driven by an unprecedented surge in Artificial Intelligence (AI) adoption. A groundbreaking new report from Nasscom, titled ‘Enterprise Experiments with AI Agents – 2025 Global Trends,’ reveals that a staggering 88 percent of global enterprises now boast dedicated budgets for AI initiatives. This significant financial commitment […]

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Renewed Partnership: African Development Bank and AIIB Forge Stronger Alliance for Africa’s Sustainable Development

In a significant move set to accelerate sustainable economic development and infrastructure growth across the African continent, the African Development Bank (AfDB) and the Asian Infrastructure Investment Bank (AIIB) have officially renewed their collaborative agreement. The Memorandum of Understanding (MOU), signed on Saturday, June 28, by AfDB President Dr. Akinwumi Adesina and AIIB President and […]

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Centum Investment issues profit warning, forecasts 25% drop in net earnings for FY ending March 2025

East Africa’s leading investment powerhouse, Centum Investment Company PLC, has sent ripples across the regional financial markets with a recent profit warning. The Nairobi-headquartered firm, a diversified investment vehicle with significant stakes across various critical sectors, has projected a substantial 25% decline in net earnings for the financial year that concluded on March 31, 2025. […]

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AstraZeneca invests ₹166 crore in Bangalore’s Global Hub

In a move set to further cement India’s position as a global innovation powerhouse, AstraZeneca, the renowned science-led biopharmaceutical company, has unveiled the expansion of its state-of-the-art Global Hub in Bangalore. This significant investment, totaling ₹166 crore (approximately $20 million USD), is far more than just a new building; it represents a strategic pivot towards […]

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