Serrari Group

Beijing Opens Door to Africa with Zero Tariffs Amidst Global Turmoil

In a powerful declaration of global solidarity and economic partnership, China has announced the full implementation of zero-tariff treatment on 100 percent of tariff lines for products from 53 African countries, including Kenya. This monumental move, taking effect last December, was unveiled by Chinese Foreign Affairs Minister Wang Yi on Wednesday, June 11, 2025, during […]

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Nigeria’s FIRS unveils revised SOP to boost tax transparency, consistency, and voluntary compliance 

In a pivotal stride towards redefining its role as a bedrock of national development, Nigeria’s Federal Inland Revenue Service (FIRS) has officially unveiled its revised Standard Operating Procedure (SOP). This comprehensive update, announced by FIRS officials on Monday, is far more than a bureaucratic adjustment; it is a strategic declaration designed to inject unprecedented levels […]

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Africa to Unveil Own Credit Rating Agency, Challenging Global Dominance

A new era in global finance is set to dawn for Africa with the imminent launch of its own continental credit rating agency. By the end of September, the African Credit Rating Agency (AfCRA) is poised to begin operations, a monumental step designed to directly challenge the long-standing dominance of established global firms like Fitch […]

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Bullish Momentum Pushes Nigeria’s NGX Market Cap Beyond ₦71 Trillion

The Nigerian equities market continued its strong momentum in early June 2025, as bullish sentiment among investors pushed the Nigeria Exchange (NGX) market capitalization past the ₦71 trillion ($45 billion) mark. This rise signals renewed confidence in the country’s stock market amid positive macroeconomic developments and corporate earnings reports. Key stocks such as Oando Plc, […]

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Fitch Downgrades Afreximbank to One Notch Above ‘Junk’: What This Means for Africa’s Key Development Bank

Fitch Ratings downgraded the African Export-Import Bank (Afreximbank) from BBB to BBB-, placing it just one notch above “junk” status, with a negative outlook. This move highlights growing concerns about the bank’s loan portfolio quality, risk management practices, and exposure to sovereign debt restructuring in key African economies. The implications could ripple across Africa’s financial […]

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South Africa Barely Grows in Q1 2025, Recording Just 0.1% GDP Increase

South Africa’s economy showed signs of stagnation in the first quarter of 2025, recording only a marginal quarter-on-quarter growth of 0.1%, highlighting the ongoing struggles facing Africa’s most industrialized economy. This slow growth came despite some pockets of strength, particularly in the agriculture sector, which grew robustly. However, contractions in other critical sectors, such as […]

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South African Central Bank Slashes Rates to 7.25% and Eyes a 3% Inflation Goal.

South Africa’s central bank surprised markets on May 29 by unanimously cutting its main repurchase (repo) rate by 25 basis points to 7.25%, even as it signalled a stronger commitment to narrowing its inflation target to 3% from the current 3%–6% range (Reuters). In addition to trimming forecasts for economic growth and consumer prices, the […]

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Cedi’s 42% Surge Eases Ghana’s Debt Pressures

A Welcome Rally in a Time of Strain Ghana’s cedi has staged a remarkable comeback in 2025, gaining 42% against the U.S. dollar since January and trading near ₵10.20/$1 as of late May. This surge has surprised many investors and provided a critical lifeline to a country grappling with the aftermath of a sovereign debt […]

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South Africa Proposes Buying U.S. LNG as It Seeks a Comprehensive Trade Deal

During President Cyril Ramaphosa’s visit to the White House on 21 May 2025, South Africa tabled an ambitious trade package aimed at resetting bilateral ties strained under the Trump administration. At its core was an offer to import 75–100 petajoules (approximately 75–100 million m³) of U.S. liquefied natural gas (LNG) annually over the next decade, […]

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