Serrari Group

Burundi launches Jiji hydroelectric plant, adding 32.5MW to national grid in push for energy self-sufficiency and sustainable development

In a landmark moment for Burundi’s energy future, President Evariste Ndayishimiye this week inaugurated the Jiji hydroelectric plant, a crucial step in the nation’s ambitious drive towards energy self-sufficiency and sustainable economic development. Located in the picturesque Songa zone of Bururi Province, the Jiji plant is poised to inject 32.5 megawatts (MW) of clean power […]

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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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US, China Formalize Rare Earth Deal

In a significant diplomatic and trade breakthrough, China on Friday officially signaled its approval for the export of critical rare earth minerals to the United States. This announcement came just hours after top White House officials confirmed that a deal had been struck, marking a crucial de-escalation following weeks of intense negotiations over US access […]

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AfDB projects Nigeria’s GDP growth to slow to 3.2% in 2025 and 3.1% in 2026 due to structural issues and global uncertainty

In a comprehensive assessment of Nigeria’s economic trajectory, the African Development Bank (AfDB) has released its 2025 Nigeria Country Focus Report (CFR), offering a nuanced outlook on the nation’s Gross Domestic Product (GDP) growth. While acknowledging the bold and necessary economic reforms undertaken by the Nigerian government, the report projects a moderation in real GDP […]

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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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BIS warns against stablecoins in latest report, casting doubt on their role in future finance amid global digital currency developments

In a significant pronouncement that reverberates through the burgeoning digital asset landscape, the Bank for International Settlements (BIS), often referred to as the “central bank for central banks,” has issued a stark warning against stablecoins. In its highly anticipated 2025 annual economic report, the venerable institution paints a decidedly unflattering picture of these digital tokens, […]

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Coca-Cola System Unleashes $10.4 Billion Economic Impact and One Million Jobs Across Africa

The Coca-Cola Company, a global beverage giant, has unveiled a groundbreaking study highlighting its monumental socio-economic impact across the African continent. Announced during the prestigious 2025 U.S.-Africa Business Summit in Luanda, Angola, the comprehensive report reveals that the Coca-Cola system, encompassing The Coca-Cola Company and its vast network of authorized bottlers, alongside myriad suppliers and […]

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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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India’s economy shows strong momentum in June 2025, RBI Report

In an era defined by persistent global uncertainties, from geopolitical flashpoints to shifting trade dynamics, India’s economy continues to stand out, demonstrating remarkable resilience across its diverse sectors. The latest Monthly Economic Bulletin for June 2025 from the Reserve Bank of India (RBI) paints a comprehensive picture of robust economic momentum. The central bank’s assessment […]

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Afreximbank mobilizes $250B to boost Africa’s trade, resilience, and sustainable growth

The Africa Export-Import Bank (Afreximbank), a leading multilateral financial institution dedicated to promoting and financing intra- and extra-African trade, has announced a monumental achievement: the mobilization of over $250 billion for Africa’s growth and development. This significant disclosure was made by the bank’s President, Professor Benedict Oramah, during the 32nd Afreximbank Annual Meetings (AAM), currently […]

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