Serrari Group

IMF and Kenya Forge Agreement on Economic Reforms

Kenya and the International Monetary Fund (IMF) have finalized a crucial agreement on a comprehensive set of policies and reforms. This agreement, reached following extensive discussions led by Ms. Haimanot Teferra and her IMF team, aims to complete the seventh reviews of Kenya’s Extended Fund Facility (EFF) and Extended Credit Facility (ECF) arrangements, along with […]

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Government Commits Sh1.4bn to Enhance Coastal Fishing Infrastructure

In a significant move to bolster the coastal region’s fishing industry, the government has allocated Sh1.4 billion for the development of modern fish landing sites. Spearheaded by Salim Mvurya, the Cabinet Secretary for Mining, Blue Economy, and Maritime Affairs, this initiative aims to uplift local fishing communities and ensure sustainable economic growth. The funds will […]

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Kenya’s Economic Growth Expected to Ease to 5% in 2024, Forecasts World Bank

Kenya’s economic outlook for 2024 shows a projected slowdown, with growth expected to reach 5%, a slight dip from the 5.6% recorded in the previous year, according to the latest report from the World Bank. The report attributes this moderation in growth to several factors, including ongoing efforts towards fiscal consolidation, a tightened monetary policy […]

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Kenya-US Strategic Trade Talks in 6th Round: Progress and Priorities

Negotiations between Kenya and the United States for the Strategic Trade and Investment Partnership (STIP) have reached their sixth round, with Mombasa playing host to the discussions from June 3-7. Assistant U.S. Trade Representative Constance Hamilton is leading the American delegation, while Principal Secretary for Trade Alfred K’Ombudo heads Kenya’s team. The agenda for this […]

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EU Council Greenlights Economic Partnership Deal with Kenya

The Council of the European Union has officially approved the EU-Kenya Economic Partnership Agreement (EPA), marking a significant milestone in the economic relationship between Europe and Kenya. This agreement ensures Kenya’s continued tax-free access to the 27-member EU market while progressively opening Kenya to duty-free imports and European investments. Enhancing Trade and Economic Opportunities The […]

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Kamau Thugge Earns Central Bank Governor of the Year Award for Economic Reforms

Kamau Thugge, the Governor of the Central Bank of Kenya (CBK), has been named Central Bank Governor of the Year by the African Banker Magazine. This recognition, announced during the African Bankers Awards event in Nairobi, celebrates Thugge’s pivotal role in implementing economic reforms and stabilizing the market. Under Thugge’s leadership, the CBK has achieved […]

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Del Monte Kenya: Cultivating Kenya’s Economic Growth Through Agriculture

Kenya’s economic landscape finds its cornerstone in agriculture, a fact reaffirmed by the recent unveiling of the Economic Survey 2024. Despite facing numerous challenges, the agricultural sector has emerged as the driving force behind the nation’s GDP, employment figures, and foreign exchange earnings. Del Monte Kenya stands as a key player in this narrative, playing […]

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