Serrari Group

IMF Concludes Critical Governance Review in Kenya

The International Monetary Fund (IMF) has wrapped up a crucial two-week governance scrutiny mission in Kenya, a pivotal exercise aimed at bolstering the integrity and efficiency of public offices. Conducted from June 16 to 30, 2025, the review sought to meticulously identify weaknesses in governance and pinpoint corruption vulnerabilities that could significantly impede Kenya’s economic […]

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Kenya’s Forex Reserves Hit an All-Time High: A Sign of Strengthening Resilience

The financial pulse of East Africa is beating with a mix of historic achievements, profound digital transformations, and critical institutional challenges. From Kenya’s record-breaking foreign exchange reserves to Tanzania’s surging digital payments and Uganda’s central bank navigating a period of intense scrutiny, recent developments highlight a dynamic and increasingly complex financial landscape across the region. […]

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Ethiopia begins historic electricity exports to Tanzania via Kenya

A historic moment in East African energy cooperation unfolded this week as Ethiopia commenced its first-ever electricity exports to Tanzania, with power seamlessly transmitted through Kenya’s robust high-voltage network. This successful pilot marks a significant milestone in regional energy trade, establishing a new corridor for power flow and solidifying Ethiopia’s burgeoning role as a regional […]

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EBRD Establishes African Hub in Kenya: A Landmark Move for MSMEs, Green Investment, and Regional Development

In a significant strategic development for both Kenya and the broader African continent, the European Bank for Reconstruction and Development (EBRD) has formally committed to establishing its African continental office in Nairobi. This landmark decision, which President William Ruto enthusiastically welcomed and whose ratification process is currently before the Kenyan Parliament, signifies a pivotal deepening […]

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President Ruto signs Finance, Appropriations, and Supplementary Bills 2025 into law

In a pivotal moment for Kenya’s economic trajectory, President William Ruto has officially assented to three critical National Assembly Bills: the Finance Bill 2025, the Supplementary Appropriation Bill 2025, and the Appropriations Bill 2025. Signed into law at State House, Nairobi, these legislative instruments collectively define the government’s comprehensive strategy for generating revenue, outlining tax […]

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Browns Plantations Becomes World’s Top Tea Producer With 100M kg Annual Output

A new titan has emerged in the global tea industry. Browns Plantations PLC, a subsidiary of Sri Lanka’s diversified conglomerate LOLC Holdings Group, has officially cemented its position as the world’s largest tea producer. This monumental achievement follows the strategic acquisition of James Finlay Kenya’s tea estates business and, implicitly, a significant portion of the […]

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Kenya and IFAD Launch $126.8M Climate-Resilience Project to Boost Rural Livelihoods

In a landmark commitment to safeguarding the environment and uplifting rural communities, the International Fund for Agricultural Development (IFAD) and the Government of Kenya have formally signed a transformative US$126.8 million agreement. This significant co-financing initiative is earmarked for a comprehensive investment project specifically designed to build resilience against the escalating impacts of climate change […]

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German Funding Boosts Kenyan TVET Sector: 6,000 Students to Benefit from Innovative Income Share Agreements

In a significant boost to Kenya’s Technical and Vocational Education Training (TVET) sector, a German-based organization, Chancen International (CI), has announced a pioneering initiative to provide comprehensive tuition fee funding for 6,000 students across the country. This strategic intervention, revealed on June 23, 2025, aims to dismantle financial barriers, ensuring that vulnerable and low-income students […]

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Kenya received $440.08M in diaspora remittances in May 2025, marking the second-largest monthly inflow on record

Kenya’s economic resilience continues to be underpinned by the unwavering support of its vast diaspora, as remittances hit a remarkable US$440.08 million in May 2025. This figure represents the second-largest monthly inflow ever recorded, narrowly trailing the December 2024 peak of US$445.39 million, signalling robust and consistent growth from Kenyans living and working abroad. The […]

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Kenya Embarks on Transformative Shipbuilding Project with 29-Metre Ferry for Lake Victoria

In a momentous step marking a new era for Kenya’s maritime industry and regional connectivity, the construction of a state-of-the-art 29-metre ferry has officially commenced at the Kisumu Shipyard. This ambitious undertaking, a collaborative effort between Kenya Shipyards Limited (KSL) and Bangladesh-based Karnafuly Ship Builders Limited, is set to revolutionize passenger and vehicle transport across […]

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