Serrari Group

UAE Highlights Key Challenges Facing the Global Economy at AlUla Conference for Emerging Market Economies

The AlUla Conference for Emerging Market Economies, held in AlUla, Saudi Arabia, on February 16-17, 2025, brought together prominent policymakers, financial experts, and global economic leaders to discuss pressing economic challenges and strategies for resilience. The event, organized by the Saudi Ministry of Finance and the International Monetary Fund’s (IMF) Regional Office in Riyadh, served […]

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New AfDB Report Highlights Africa’s Strengthening Economic Growth Amid Global Challenges

The 2025 Macroeconomic Performance and Outlook (MEO) report, released by the African Development Bank (AfDB) on Friday, February 14, 2025, presents a cautiously optimistic picture of Africa’s economic trajectory. Despite facing global economic uncertainties, inflationary pressures, and structural weaknesses, the continent is expected to see real GDP growth of 4.1% in 2025 and 4.4% in […]

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Kenya to Defer Sh88.1 Billion IMF Funding to Next Year

In a strategic move to manage its fiscal responsibilities, Kenya has announced the deferral of Sh88.1 billion in funding from the International Monetary Fund (IMF) to the next financial year. This decision comes as the National Treasury initiates discussions for a new financing programme to succeed the current arrangement set to expire in April. The […]

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Nigeria Achieves OPEC’s Crude Oil Production Quota of 1.5 Million BPD for the First Time in Over a Year

Nigeria has successfully met the Organisation of Petroleum Exporting Countries (OPEC)’s crude oil production quota of 1.5 million barrels per day (bpd) for the first time since the quota was established in November 2023. This milestone, reported in OPEC’s January 2025 Monthly Oil Market Report, marks a significant turnaround for Africa’s largest oil producer, which […]

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New Report Reveals Kenya’s Annual Loss of Sh534 Billion Due to Deforestation and Forest Degradation

Kenya is facing a significant environmental and economic crisis, with a new report revealing that the nation loses approximately Sh534 billion annually due to deforestation and forest degradation. The “Forest Status Report 2024,” released on Tuesday, highlights that the ongoing destruction of forests costs the economy at least three percent of its gross domestic product […]

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India and the United States Commit to Resolving Trade and Tariff Disputes Following High-Level Talks

In a significant development for international trade relations, India and the United States have agreed to initiate discussions aimed at resolving longstanding trade and tariff disputes. This decision emerged from a high-profile meeting between U.S. President Donald Trump and Indian Prime Minister Narendra Modi at the White House on February 13, 2025. The leaders expressed […]

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Saudi Arabia and Rwanda Strengthen Economic Collaboration through Joint Business Council

Saudi Arabia and Rwanda have taken a significant step toward enhancing their economic partnership by establishing a joint business council aimed at fostering bilateral trade and investment. The agreement was formalized during the Saudi-Rwandan Business Forum held in Kigali, Rwanda’s capital. The event saw the participation of a high-level delegation from the Federation of Saudi […]

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Equity Bank Joins Other Lenders in Lowering Lending Rate

Equity Bank has announced a 300 basis point (3 percent) reduction in interest rates for all new and existing Kenya Shilling-denominated credit facilities, a move expected to provide relief to borrowers and stimulate economic growth. The rate reduction, which takes effect on February 13, 2025, for new loans and March 1, 2025, for existing loans, […]

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Indonesia Calls for a New Economic Bloc to Ensure Regional Stability

Indonesia is making a bold call for the formation of a new economic bloc, aiming to safeguard regional stability and promote economic resilience amid escalating global tensions. This proposition was put forward by Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto at the World Government Summit 2025, held in Dubai, UAE, on February 12, 2025. […]

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