Serrari Group

World Bank Takes Stand Against Uganda’s Anti-LGBTQ Law, Suspends Funding

The World Bank, an influential player in global development, has chosen to wield its economic influence to combat discrimination and promote inclusivity. In a landmark decision, the institution has suspended new loans to Uganda, citing its concerns over the country’s controversial anti-LGBTQ law. This move underscores the World Bank’s commitment to upholding its values and […]

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Malawi’s Tobacco Sales Surge to $282 Million, Addressing Economic Woes Amid Dollar Shortages

In a striking economic turnaround, Malawi has witnessed a notable surge in its tobacco sales, a cornerstone of the country’s foreign exchange earnings. The most recent season’s sales catapulted to an impressive $282 million, a remarkable leap from the preceding year’s figure of $182 million, according to authoritative statements from the nation’s industry regulator. This […]

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Britain and Zambia Forge Lucrative Economic Partnership in Clean Energy and Critical Minerals

n a groundbreaking move, the United Kingdom and Zambia have cemented a strategic economic partnership during the visit of British Foreign Secretary, James Cleverly, to Africa. This unprecedented collaboration promises significant economic gains for both nations, reinforcing their commitment to sustainable development and advancing the global clean energy transition. The UK-Zambia Green Growth Compact, a […]

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Energy Sector on Edge as Niger Coup Threatens Uranium Supply Stability

In the aftermath of a military coup in Niger, the global uranium market has shown signs of potential upheaval, with the spot price of uranium experiencing a slight rise. As the world’s seventh-largest producer of uranium, Niger’s political situation has drawn the attention of experts and investors, who are closely monitoring the developments for potential […]

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President Tinubu Upholds Controversial Decision to Scrap Fuel Subsidy, Cites $1.32 Billion in Savings for National Development

Nigeria’s President Bola Tinubu defended the nation’s decision to remove fuel subsidies in a recent national broadcast. The move, which has faced criticism due to its impact on the economy, has already saved over $1.32 billion in just two months. In an evening address to the nation, President Tinubu acknowledged the economic hardships that followed […]

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Niger Loses Access to International Funding as Countries Condemn Coup

In the wake of last week’s coup in Niger, the West African nation has been dealt a major blow to its financial stability as countries around the world condemn the military uprising. The Central Bank of West African States (BCEAO) has cancelled a planned 30 billion CFA franc ($51 million) bond issuance by Niger in […]

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IMF Executive Board Commends Malawi’s Progress Under Staff-Monitored Program Amidst Adversities

The International Monetary Fund’s (IMF) Executive Board convened to discuss the first review of Malawi’s 12-month Staff-Monitored Program (PMB) with Executive Board involvement. The program, greenlit by the IMF Management on July 13, 2023, has been under close scrutiny due to the country’s resilience in the face of multiple challenges. Malawi has confronted a series […]

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