Serrari Group

Kenya’s inflation climbs to 4.1% in July 2025

After nearly a year of welcome subdued inflation, Kenya’s consumer prices are once again on an upward trajectory, raising significant concerns about the hard-won economic gains and the durability of recent interest rate cuts. The latest data reveals a worrying trend: Kenya’s inflation rate rose to 4.1% in July 2025, marking a three-month high and […]

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Trump imposes sweeping tariffs on key U.S. trade partners

In a move that sent immediate ripples across international markets and diplomatic circles, U.S. President Donald Trump today escalated his “America First” trade agenda, slapping steep tariffs on exports from dozens of trading partners, including key allies and economic powerhouses like Canada, Brazil, India, and Taiwan. This aggressive push, coming just ahead of a self-imposed […]

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Nigeria’s Real Estate Sector Surges Past Oil as Key GDP Contributor

In a landmark economic revelation, Nigeria’s real estate sector has officially surpassed crude oil and natural gas to become the third-largest contributor to the nation’s Gross Domestic Product (GDP). This significant shift, unveiled through the recent rebasing of Nigeria’s GDP figures, signals a profound reorientation of the country’s economic landscape, moving beyond its traditional reliance […]

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Family Bank Secures Ksh 2.6 Billion from BII to Fuel Kenyan SME Growth and Women’s Empowerment

In a significant boost for Kenya’s vibrant but often underserved business landscape, Family Bank has announced it has secured a Ksh 2.6 billion (approximately $20 million USD) trade finance facility from the British International Investment (BII). This crucial injection of capital is specifically earmarked to expand lending to Kenyan businesses, with a keen focus on […]

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Fed Leaves Rates Steady Amidst Trump Pressure

The United States central bank, the Federal Reserve, announced on Wednesday that it would hold its benchmark interest rate steady, maintaining the federal funds rate within the 4.25%-4.50% range for the fifth consecutive meeting. This decision, while widely anticipated by many analysts, immediately dampened market expectations for a rate cut as early as September, a […]

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IATA Urges African States to Unlock Aviation’s Full Growth Potential

The International Air Transport Association (IATA), the global trade association for the world’s airlines, has issued a powerful call to action for African governments: prioritize aviation as a fundamental engine for economic expansion, robust job creation, and transformative social progress across the continent. This urgent appeal underscores the sector’s immense, yet often untapped, potential to […]

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Tanzania Restricts Foreigners from Key Business Sectors to Empower Local Entrepreneurs

In a bold move signaling a significant shift in its domestic economic policy, the Tanzanian government has issued a directive effectively banning Kenyans and other foreign nationals from engaging in 15 specific business activities. These sectors, traditionally dominated by small and medium-sized enterprises (SMEs), are now exclusively reserved for Tanzanian citizens. The directive aims to […]

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IMF revises global growth outlook upward to 3.0% for 2025 and 3.1% for 2026

The International Monetary Fund (IMF) today delivered a cautiously optimistic update to its global economic outlook, projecting revised growth rates of 3.0% for 2025 and 3.1% for 2026. This marks an upward revision from its previous forecasts in the April 2025 World Economic Outlook (WEO), signaling a more favorable, albeit still fragile, global economic environment. […]

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South Africa Secures $474.6 Million AfDB Loan to Accelerate Just Energy Transition

In a pivotal step towards a sustainable and equitable energy future, South Africa and the African Development Bank (AfDB) have formally signed a $474.6 million loan agreement. This significant financial commitment is earmarked to bolster the implementation of South Africa’s ambitious Just Energy Transition (JET) initiatives, reinforcing the nation’s drive to enhance energy security, accelerate […]

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Kenya’s Electricity Demand Hits Record High, Driven by Green Energy Expansion and Industrial Growth

Kenya’s daily electricity demand has surged to an unprecedented record high of 2,362.28 megawatts (MW) on July 23, signaling robust economic activity and a growing appetite for power across the nation. This significant increase from the 2,325MW recorded just weeks earlier on July 2 underscores the country’s accelerating industrial expansion, rapid urbanization, and rising domestic […]

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