Serrari Group

Kenyan Central Bank’s Surprising Move: First Rate Cut in Over Four Years

In a development that has stirred both excitement and speculation in financial circles, Kenya’s central bank has made a surprising move by cutting its benchmark interest rate for the first time in over four years. The Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) announced on August 6, 2024, that it has […]

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Nigerian Lawmakers Rally Behind Tinubu’s Oil and Gas Reforms

In a notable display of political unity, 120 members of Nigeria’s National Assembly have come out in strong support of President Bola Tinubu’s sweeping reforms in the country’s oil and gas sector. This collective endorsement from the House of Representatives signifies a pivotal moment for Nigeria’s energy industry, as the lawmakers are urging the Nigerian […]

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Kenya’s President Ruto Signs Supplementary Appropriations Act Amid Austerity Measures

In a significant move aimed at addressing Kenya’s economic challenges, President William Ruto has officially signed the Supplementary Appropriations Act. This new piece of legislation marks a crucial step in the government’s effort to implement austerity measures, reflecting a broader strategy to tackle the country’s budgetary constraints and economic issues. Background: The Need for Austerity […]

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Fed Faces Pressure to Cut Rates Amid Ongoing Market Turmoil

As global stock markets reel from a sharp sell-off, there’s growing pressure on the US Federal Reserve to lower interest rates more aggressively. With some analysts calling for an emergency rate cut before the Fed’s scheduled meeting in September, the situation is rapidly evolving. Just a week ago, futures markets were anticipating a modest quarter […]

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Nigerian Fuel Scarcity: Marketers Demand Action from President Tinubu

In recent weeks, Nigeria has been hit hard by a widespread petrol shortage that has left many motorists waiting in long queues and facing skyrocketing fuel prices. As frustrations mount, independent marketers are now calling on President Bola Tinubu to take decisive action against what they describe as unfair practices by the Nigerian National Petroleum […]

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EAC Member States Move to Review Fees in Fresh Push for Intra-Bloc Trade

The East African Community (EAC) is on the verge of a significant transformation as member states near the final stages of reviewing fees, levies, and charges on essential goods and services in the transport and agriculture sectors. This initiative aims to boost intra-regional trade, which has often been hindered by these costs, sparking trade wars […]

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BoE Rate Cut Adds to Sense of Turnaround in Sluggish UK Economy

In a move that has sparked cautious optimism, the Bank of England (BoE) cut its benchmark interest rate to 5.0% on Thursday, down from a 16-year high of 5.25%. This marks the first rate cut in over four years and offers some relief to households and businesses still reeling from the inflationary shocks caused by […]

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Kenya’s Court of Appeal Rules 2023 Finance Law Unconstitutional: A Turning Point in the Nation’s Fiscal Policy

In a dramatic turn of events that has reverberated through Kenya’s political and economic landscape, the Court of Appeal has declared the 2023 Finance Law unconstitutional. This landmark decision represents a significant setback for President William Ruto’s administration and further complicates the country’s already challenging economic environment. The ruling follows a series of massive protests […]

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