Serrari Group

Nigeria’s Real Estate Sector Surges Past Oil as Key GDP Contributor

In a landmark economic revelation, Nigeria’s real estate sector has officially surpassed crude oil and natural gas to become the third-largest contributor to the nation’s Gross Domestic Product (GDP). This significant shift, unveiled through the recent rebasing of Nigeria’s GDP figures, signals a profound reorientation of the country’s economic landscape, moving beyond its traditional reliance […]

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IATA Urges African States to Unlock Aviation’s Full Growth Potential

The International Air Transport Association (IATA), the global trade association for the world’s airlines, has issued a powerful call to action for African governments: prioritize aviation as a fundamental engine for economic expansion, robust job creation, and transformative social progress across the continent. This urgent appeal underscores the sector’s immense, yet often untapped, potential to […]

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South Africa Secures $474.6 Million AfDB Loan to Accelerate Just Energy Transition

In a pivotal step towards a sustainable and equitable energy future, South Africa and the African Development Bank (AfDB) have formally signed a $474.6 million loan agreement. This significant financial commitment is earmarked to bolster the implementation of South Africa’s ambitious Just Energy Transition (JET) initiatives, reinforcing the nation’s drive to enhance energy security, accelerate […]

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EAC records first-ever trade surplus in Q1 2025 driven by export surge to China

In a landmark economic achievement that signals a potential turning point for the region’s global trade position, the East African Community (EAC) has recorded its first-ever trade surplus with the rest of the world in the quarter ending March 2025. This historic shift, driven predominantly by a remarkable surge in exports to China, marks a […]

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Nigeria Adopts Stablecoin Framework With SEC Backing and Blockchain Integration 

Nigeria, Africa’s largest economy and most populous nation, has taken a decisive step to integrate digital assets into its financial mainstream with the unveiling of a formal regulatory framework for stablecoins. This landmark announcement by the Securities and Exchange Commission (SEC) marks a significant pivot from years of cautious, at times restrictive, approaches to cryptocurrencies, […]

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Port of Lomé: Africa’s Rising Maritime Star Gains Pivotal U.S. Backing for Trade Expansion

The Port of Lomé, Togo’s dynamic maritime gateway and now officially recognized as Africa’s fourth busiest container port, is rapidly emerging as a critical nexus for international trade, drawing significant and renewed attention from the United States. Positioned strategically on West Africa’s Atlantic coast, the port is being championed by U.S. officials as an indispensable […]

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Nigeria’s GDP Recalculation Reveals a Larger, 30% Larger Economy Amidst Fiscal Scrutiny

In a significant statistical overhaul, Nigeria, Africa’s most populous nation, has announced a substantial recalculation of its Gross Domestic Product (GDP), revealing an economy approximately 30% larger than previously estimated. This marks the first major statistical “rejig” in over a decade for the West African powerhouse, aiming to provide a more accurate and contemporary reflection […]

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Nigeria’s Dangote Warns Cheap Russian Oil Products Threaten African Refineries and Energy Independence

Nigerian billionaire Aliko Dangote, Africa’s richest man and industrial titan, has issued a stark warning: a deluge of discounted Russian petroleum products is inundating African markets, posing a significant threat to the continent’s nascent and emerging refining industry. This influx, driven by Western sanctions on Moscow, risks undermining Africa’s long-held ambition for energy self-sufficiency and […]

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Tanzania launches Vision 2050 to become a $1 trillion economy 

In a momentous declaration signaling its ambitious future, Tanzania has officially unveiled its comprehensive long-term development blueprint, Vision 2050. Launched this week by President Samia Suluhu Hassan in the capital Dodoma, the visionary plan sets an audacious target: transforming the East African nation into an upper middle-income country with a staggering $1 trillion GDP by […]

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Nigeria’s Stock Market Hits $53 Billion Boosting Investor Confidence

The Nigerian equities market has once again captured headlines, with its capitalization soaring past the N82 trillion mark (approximately $53 billion, based on prevailing exchange rates) on Thursday. This remarkable surge, driven by a sustained rally in bellwether stocks, underscores a period of heightened investor confidence and strategic positioning within Africa’s largest economy. The Nigerian […]

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