Serrari Group

Egypt-Germany partnership grows with €1.6B in cooperation, boosting sustainable development across key economic sectors

The robust economic ties between Egypt and Germany continue to strengthen, with their bilateral cooperation portfolio now reaching an impressive €1.6 billion (approximately $1.74 billion). This significant figure, announced by Egypt’s Minister of Planning, Economic Development, and International Cooperation, Dr. Rania Al-Mashat, underscores a deepening strategic partnership aimed at fostering sustainable economic development across a […]

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AfDB approves $474.6M loan to boost South Africa’s transport and energy infrastructure

In a pivotal moment for South Africa’s economic future, the African Development Bank (AfDB) has approved a substantial $474.6 million (approximately R8.8 billion) loan to support critical upgrades to the country’s transport and energy infrastructure. This significant financial injection, announced on Tuesday, July 1, 2025, arrives at a crucial juncture, signaling renewed confidence from international […]

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Burundi launches Jiji hydroelectric plant, adding 32.5MW to national grid in push for energy self-sufficiency and sustainable development

In a landmark moment for Burundi’s energy future, President Evariste Ndayishimiye this week inaugurated the Jiji hydroelectric plant, a crucial step in the nation’s ambitious drive towards energy self-sufficiency and sustainable economic development. Located in the picturesque Songa zone of Bururi Province, the Jiji plant is poised to inject 32.5 megawatts (MW) of clean power […]

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AfDB projects Nigeria’s GDP growth to slow to 3.2% in 2025 and 3.1% in 2026 due to structural issues and global uncertainty

In a comprehensive assessment of Nigeria’s economic trajectory, the African Development Bank (AfDB) has released its 2025 Nigeria Country Focus Report (CFR), offering a nuanced outlook on the nation’s Gross Domestic Product (GDP) growth. While acknowledging the bold and necessary economic reforms undertaken by the Nigerian government, the report projects a moderation in real GDP […]

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Coca-Cola System Unleashes $10.4 Billion Economic Impact and One Million Jobs Across Africa

The Coca-Cola Company, a global beverage giant, has unveiled a groundbreaking study highlighting its monumental socio-economic impact across the African continent. Announced during the prestigious 2025 U.S.-Africa Business Summit in Luanda, Angola, the comprehensive report reveals that the Coca-Cola system, encompassing The Coca-Cola Company and its vast network of authorized bottlers, alongside myriad suppliers and […]

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Afreximbank mobilizes $250B to boost Africa’s trade, resilience, and sustainable growth

The Africa Export-Import Bank (Afreximbank), a leading multilateral financial institution dedicated to promoting and financing intra- and extra-African trade, has announced a monumental achievement: the mobilization of over $250 billion for Africa’s growth and development. This significant disclosure was made by the bank’s President, Professor Benedict Oramah, during the 32nd Afreximbank Annual Meetings (AAM), currently […]

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SME South Africa Hosts Inaugural Funding Summit to Empower Local Entrepreneurs

Pretoria, South Africa – In a pivotal and highly anticipated event poised to significantly reshape the landscape for small and medium-sized enterprises (SMEs) across the Rainbow Nation, SME South Africa hosted its inaugural Funding Summit on June 12, 2025. Held at the sophisticated Empire Conference and Events Venue in Parktown, Johannesburg, this full-day summit served […]

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Uganda’s SGR Revival Gathers Pace as Kenya Pursues Landmark Panda Bond, Reshaping East African Trade Corridors

A new chapter is unfolding in East Africa’s ambitious quest for modern infrastructure and enhanced regional trade. On parallel tracks, Uganda is signaling the imminent start of its Standard Gauge Railway (SGR) construction from Malaba to Kampala, backed by significant funding from the Islamic Development Bank (IsDB) and a consortium of lenders. Meanwhile, neighboring Kenya […]

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China Fuels Africa’s Growth with Record Investments and Trade, Forging a Deeper Strategic Partnership

In a powerful testament to its escalating commitment to Africa’s economic development, China has significantly intensified its engagement with the continent, injecting more than US$22.85 billion in fresh investments and funding within the first five months of 2025 alone. This unprecedented financial flow coincides with a record-high trade volume of US$134 billion between China and […]

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