Serrari Group

Central Bank of Egypt Maintains Interest Rates Amid Economic Challenges

Egypt’s Central Bank (CBE) recently concluded its Monetary Policy Committee (MPC) meeting, opting to keep interest rates steady. This decision reflects a measured approach towards stabilizing the nation’s economy amidst ongoing uncertainties. During the meeting held on May 23rd, the CBE announced that both the overnight deposit rate and the overnight lending rate would remain […]

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IMF Advises France on Fiscal Discipline Amidst Escalating Deficit

France received a sobering recommendation from the International Monetary Fund (IMF) regarding its fiscal management. The IMF emphasized the need for France to take proactive measures to alleviate its burgeoning debt burden, particularly in light of a projected increase in the budget deficit. According to the IMF’s assessment, France’s budget deficit is anticipated to reach […]

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Unlocking Turkana’s Economic Potential: State Collaboration Key to Mineral Exploitation

Turkana County, often misconceived as inhospitable terrain, is in fact a hidden gem of economic opportunity. Despite its arid appearance, Turkana boasts vast mineral resources that hold the promise of transformative growth for the region. Under the leadership of Mr. Stanley Loter, the County Director of Mineral Resources, Turkana’s true potential is being recognized. Spanning […]

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TotalEnergies Commences $6 Billion Offshore Project in Angola

TotalEnergies and its partners have reached a final investment decision (FID) on the $6 billion Kaminho deepwater project in Angola’s Kwanza Basin, marking a significant advancement in the region’s oil industry. The project, located approximately 100km off the coast in 1,700-meter deep waters, involves developing the Cameia and Golfinho fields. The Kaminho project is a […]

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Japan’s Prime Minister Kishida Proposes Ambitious Capital Market Reforms to Attract Foreign Investment

In a bold move aimed at rejuvenating Japan’s economy, Prime Minister Fumio Kishida unveiled plans for sweeping capital market reforms during a conference in Tokyo, where he addressed a diverse gathering of global investors. His proposals, centered on fostering a more welcoming environment for foreign investment, mark a significant departure from Japan’s traditional stance. Acknowledging […]

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U.S. and Kenya Unite in Landmark STEM Education Partnership

In a significant stride toward fostering innovation and economic growth, the United States and Kenya have formalized a pioneering Framework for Cooperation aimed at advancing STEM (Science, Technology, Engineering, and Mathematics) education. During Kenyan President William Ruto’s State Visit to the United States, USAID Counselor Clinton White and Kenyan Prime Cabinet Secretary Wycliffe Musalia Mudavadi […]

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South Africa’s Inflation Eases for Second Straight Month in April

By: South Africa’s headline consumer inflation eased for the second consecutive month in April, providing some respite for the nation’s economy. Statistics South Africa reported on Wednesday that the inflation rate declined to 5.2% year-on-year, down slightly from 5.3% in March. On a monthly basis, inflation was recorded at 0.3% in April, a notable decrease […]

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Global AI Summit in Seoul Targets New Regulatory Agreements

This week, Seoul is hosting a pivotal summit focused on establishing new regulatory frameworks for artificial intelligence (AI). Co-hosted by South Korea and the United Kingdom, the event builds on discussions initiated at a similar conference held six months ago in the UK. The November summit in the UK saw notable figures like Tesla’s Elon […]

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Microsoft and G42 Inject $1 Billion into Kenya’s Digital Advancement, Boosting the Nation’s Economic Outlook

In a strategic move to propel Kenya’s digital landscape forward, Microsoft Corp. and G42 have announced a substantial $1 billion investment initiative. This collaboration, in partnership with Kenya’s Ministry of Information, Communications, and the Digital Economy, signifies a pivotal moment for Kenya’s technological advancement. At the core of this initiative is the establishment of a […]

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Kenya’s GDP Growth Hit 5.6% in 2023: KNBS Economic Survey Unveils

Kenya’s economy demonstrates resilience, with the latest Economic Survey Report unveiling a robust growth trajectory. According to the Kenya National Bureau of Statistics, the Gross Domestic Product (GDP) surged to 5.6% in 2023, a notable improvement from the revised figure of 4.9%. Agriculture, Forestry, and Fishing emerge as key drivers of this growth, experiencing a […]

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