Serrari Group

Kenya Expands Access to Electricity for 280,000 More Households

In a significant stride towards nationwide electrification, Kenya has signed a historic agreement worth Sh27 billion to extend power access to an additional 280,000 households across 32 counties. Deputy President William Ruto presided over the signing ceremony at State House Nairobi, emphasizing the importance of this initiative in aligning with Kenya’s vision of achieving universal […]

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Egypt and Italy Assess Progress on $100 Million Debt Swap Program

Egypt’s Minister of International Cooperation, Rania Al-Mashat, and Michele Quaroni, the Italian Ambassador to Cairo, met to review the progress of the Egyptian-Italian debt swap program. Held at the Ministry’s headquarters in the New Administrative Capital, the meeting focused on the program’s third phase, valued at $100 million, which supports a range of development initiatives. […]

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G7 Finance Summit Focuses on Ukraine Aid and China’s Industrial Policies

 The G7 Finance Ministers and Central Bank Governors’ Meeting began on May 24, 2024, in Stresa, Italy, addressing critical issues such as financial support for Ukraine and responses to China’s industrial policies. Key attendees include Bank of Italy Governor Fabio Panetta, Canada’s Finance Minister Chrystia Freeland, and Italy’s Minister of Economy and Finance Giancarlo Giorgetti. […]

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Ruto’s US Visit Elevates Kenya’s Tech Status

President William Ruto’s recent diplomatic journey to the United States has shone a spotlight on Kenya’s burgeoning tech prowess, positioning the nation as a focal point for innovation in Africa. During discussions with President Joe Biden at the White House on May 23, 2024, Ruto emphasized Kenya’s commitment to leveraging technology for economic growth. Kenya: […]

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Central Bank of Egypt Maintains Interest Rates Amid Economic Challenges

Egypt’s Central Bank (CBE) recently concluded its Monetary Policy Committee (MPC) meeting, opting to keep interest rates steady. This decision reflects a measured approach towards stabilizing the nation’s economy amidst ongoing uncertainties. During the meeting held on May 23rd, the CBE announced that both the overnight deposit rate and the overnight lending rate would remain […]

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IMF Advises France on Fiscal Discipline Amidst Escalating Deficit

France received a sobering recommendation from the International Monetary Fund (IMF) regarding its fiscal management. The IMF emphasized the need for France to take proactive measures to alleviate its burgeoning debt burden, particularly in light of a projected increase in the budget deficit. According to the IMF’s assessment, France’s budget deficit is anticipated to reach […]

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Unlocking Turkana’s Economic Potential: State Collaboration Key to Mineral Exploitation

Turkana County, often misconceived as inhospitable terrain, is in fact a hidden gem of economic opportunity. Despite its arid appearance, Turkana boasts vast mineral resources that hold the promise of transformative growth for the region. Under the leadership of Mr. Stanley Loter, the County Director of Mineral Resources, Turkana’s true potential is being recognized. Spanning […]

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TotalEnergies Commences $6 Billion Offshore Project in Angola

TotalEnergies and its partners have reached a final investment decision (FID) on the $6 billion Kaminho deepwater project in Angola’s Kwanza Basin, marking a significant advancement in the region’s oil industry. The project, located approximately 100km off the coast in 1,700-meter deep waters, involves developing the Cameia and Golfinho fields. The Kaminho project is a […]

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Japan’s Prime Minister Kishida Proposes Ambitious Capital Market Reforms to Attract Foreign Investment

In a bold move aimed at rejuvenating Japan’s economy, Prime Minister Fumio Kishida unveiled plans for sweeping capital market reforms during a conference in Tokyo, where he addressed a diverse gathering of global investors. His proposals, centered on fostering a more welcoming environment for foreign investment, mark a significant departure from Japan’s traditional stance. Acknowledging […]

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U.S. and Kenya Unite in Landmark STEM Education Partnership

In a significant stride toward fostering innovation and economic growth, the United States and Kenya have formalized a pioneering Framework for Cooperation aimed at advancing STEM (Science, Technology, Engineering, and Mathematics) education. During Kenyan President William Ruto’s State Visit to the United States, USAID Counselor Clinton White and Kenyan Prime Cabinet Secretary Wycliffe Musalia Mudavadi […]

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