Serrari Group

Kenya launches the Kenya Digital Token (KDT) on Solana, advancing BETA and positioning itself as a blockchain leader in Africa’s digital economy

Kenya has officially unveiled the Kenya Digital Token (KDT), a groundbreaking initiative built on the high-performance Solana blockchain. This launch positions Kenya as a continental leader in blockchain-driven economic innovation, joining a growing list of nations exploring digital public infrastructure beyond traditional finance. While privately developed, the KDT is closely aligned with the government’s ambitious […]

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China’s currency undervaluation strains EU firms and deepens Eurozone trade deficit, warns German Economic Institute

A new study by the influential German Economic Institute (IW) has ignited fresh concerns across Europe, alleging that China’s persistent currency undervaluation is placing immense pressure on European companies and deepening the Eurozone’s trade deficit with the Asian economic powerhouse. As European Union leaders converge in Beijing for a critical summit aimed at navigating escalating […]

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Nigeria’s GDP Recalculation Reveals a Larger, 30% Larger Economy Amidst Fiscal Scrutiny

In a significant statistical overhaul, Nigeria, Africa’s most populous nation, has announced a substantial recalculation of its Gross Domestic Product (GDP), revealing an economy approximately 30% larger than previously estimated. This marks the first major statistical “rejig” in over a decade for the West African powerhouse, aiming to provide a more accurate and contemporary reflection […]

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KNBS Launches Landmark 2025/26 Household Budget Survey

The Kenya National Bureau of Statistics (KNBS), the nation’s premier statistical agency, has officially embarked on a monumental nationwide exercise: the 2025/26 Kenya Integrated Household Budget Survey (KIHBS). In a public notice, the bureau confirmed that its highly trained officials would commence visits to selected households across the country this July. This year-long endeavor, set […]

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Trump Imposes 19% Tariff on Philippine Goods Amidst New Trade Deal 

U.S. President Donald Trump has announced a new 19% tariff rate on goods imported from the Philippines. This declaration followed what President Trump described as a “beautiful visit” by Philippine President Ferdinand Marcos Jr. to the White House. The announcement, shared via Trump’s Truth Social media platform, also stated that U.S. goods entering the Philippines […]

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Nigeria’s Dangote Warns Cheap Russian Oil Products Threaten African Refineries and Energy Independence

Nigerian billionaire Aliko Dangote, Africa’s richest man and industrial titan, has issued a stark warning: a deluge of discounted Russian petroleum products is inundating African markets, posing a significant threat to the continent’s nascent and emerging refining industry. This influx, driven by Western sanctions on Moscow, risks undermining Africa’s long-held ambition for energy self-sufficiency and […]

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Equity Bank and IFC Partner to Launch Goldman Sachs’ ‘10,000 Women’ Program

In a significant boost for entrepreneurship and gender equality in East Africa, Equity Bank Kenya and the International Finance Corporation (IFC) have announced a landmark partnership to bring the renowned Goldman Sachs ‘10,000 Women’ online business course to women entrepreneurs across Kenya. This collaboration, unveiled on July 21, 2025, aims to equip thousands of women-owned […]

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EU sanctions on Russian oil may disrupt India’s fuel exports, pressuring refiners like Reliance to prove crude origin amid tightening rules

A new wave of European Union sanctions targeting Russian crude oil, slated to take full effect on January 21 next year, is casting a long shadow over India’s thriving fuel export industry. While initially offering a temporary reprieve, the latest EU package introduces a stringent definition of “Russian-origin fuels” that could significantly complicate operations for […]

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Tanzania launches Vision 2050 to become a $1 trillion economy 

In a momentous declaration signaling its ambitious future, Tanzania has officially unveiled its comprehensive long-term development blueprint, Vision 2050. Launched this week by President Samia Suluhu Hassan in the capital Dodoma, the visionary plan sets an audacious target: transforming the East African nation into an upper middle-income country with a staggering $1 trillion GDP by […]

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Kenya Public Debt Hits KSh 11.5 Trillion

Kenya’s public debt has escalated to an unprecedented KSh 11.5 trillion (approximately USD 88.5 billion) as of May 2025, marking a staggering increase of KSh 951 billion in just eleven months from June 2024’s KSh 10.56 trillion. This alarming surge underscores a deepening fiscal crisis and a mounting pressure on the country’s borrowing appetite, raising […]

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