Serrari Group

Digital Economy Under Threat – Tech Entrepreneurs Beg Nigerians to Cancel Protest

In the bustling tech hubs of Lagos, a storm is brewing, threatening to unravel the fragile threads that hold Nigeria’s digital economy together. Tech entrepreneurs, united under the aegis of the Nigerian Tech Community (NTC), have issued a heartfelt plea to Nigerians: cancel the looming nationwide protests set to begin on August 1. These protests, […]

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Kenyans Cut Non-Essential Purchases to Cope with Economic Strain – Survey

As economic pressures mount, a new consumer index reveals that the majority of Kenyans are cutting back on non-essential purchases to stay afloat. The ILAM Consumer Spending Index for the Second Quarter of 2024 highlights the significant impact of rising prices on consumer behavior, with 77 percent of Kenyans reporting increased spending on essential goods […]

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US Discount Window Reform Bill Introduced as Federal Reserve Works on Overhaul

The Federal Reserve’s ongoing efforts to revamp a crucial emergency lending facility have garnered legislative backing, as Democratic Senator Mark Warner of Virginia introduced a bill on Friday aimed at overhauling the Fed’s discount window. This move comes in response to the long-standing stigma banks face when accessing this facility, a sentiment that was notably […]

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Oil Revenue Surges by 30% in First Half of 2024: Nigerian Government Reports

In a significant boost to Nigeria’s economic outlook, the Federal Government has reported a remarkable 30% increase in oil revenue for the first half of 2024 compared to the same period in 2023. This announcement, made by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, highlights the positive impact of […]

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Kenya aims to generate Sh120 billion from its blue economy in three years

President William Ruto has set an ambitious goal of generating Sh120 billion from Kenya’s blue economy within the next three years. This bold vision places a substantial responsibility on newly appointed Cabinet Secretary and former Mombasa Governor Hassan Joho. President Ruto has outlined a comprehensive plan for revitalizing the sector, emphasizing tangible results and direct […]

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U.S. Treasury Secretary Yellen Calls for Massive Climate Investment

In a powerful appeal for global action, U.S. Treasury Secretary Janet Yellen has called for an astonishing $3 trillion in annual climate finance to achieve global net-zero emissions by 2050. This ambitious target, which far exceeds current spending levels, highlights the enormous scale of the challenge and the urgent need for unprecedented international cooperation. Speaking […]

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Ethiopia scraps strict foreign exchange controls, allowing the birr to float freely to combat debt crisis and inflation, central bank announces

In a dramatic bid to revive its struggling economy, Ethiopia has decided to scrap its strict foreign exchange controls, letting the birr freely float against major currencies. This bold move, announced by the central bank on Monday, aims to tackle the Horn of Africa nation’s crippling debt crisis and soaring inflation. Following the announcement, the […]

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Kenya could create 240,000 green jobs by 2030, FSD report Shows.

A Green Future, a Brighter Economy Kenya is on the brink of a green revolution that could transform its economy, potentially creating a staggering 240,000 new jobs by 2030. This optimistic projection comes from a groundbreaking report by Financial Sector Deepening (FSD) and Shortlist, highlighting the country’s commitment to environmental sustainability and its potential to […]

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Sports Goods Industry Global Trade Hits $64 Billion, WTO Report Shows

A Perfect Storm for Growth The sports goods industry is currently basking in a golden era, with global trade hitting a remarkable $64 billion in 2022. This milestone marks a threefold increase since 1996, according to a recent World Trade Organization (WTO) report. The impressive growth can be attributed to a confluence of factors: a […]

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African Development Bank Recommits to Guinea’s Economic Transformation

A Partnership for Progress The African Development Bank (AfDB) is reaffirming its dedication to supporting Guinea’s journey towards economic development. From July 11 to 13, a high-level delegation led by Marie-Laure Akin-Ougbade, Vice President for Regional Development, Integration and Business Delivery, and Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth, visited Conakry […]

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