Serrari Group

Nigeria and Belarus Join Forces in Agriculture, Education, and Economic Development

In a promising move towards strengthening international relations, President Alexander Lukashenko of Belarus has expressed a strong interest in partnering with Nigeria across key economic sectors. This announcement was made during a visit from Nigeria’s First Lady, Oluremi Tinubu, in the Belarusian capital, Minsk. Building Stronger Ties President Lukashenko highlighted specific areas where Belarus is […]

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Government to Fully Implement SHIF for UHC, Benefiting All Kenyans Starting October 2024

Kenya is gearing up for a significant leap in healthcare accessibility as President William Ruto has confirmed the full rollout of the Social Health Insurance Fund (SHIF) under the Universal Health Coverage (UHC) programme, starting October 1, 2024. This move aims to ensure every Kenyan can access healthcare without financial barriers, following initial delays that […]

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Japan’s Nikkei Hits Record Highs, Leading Asia-Pacific Market Surge

Japan’s Nikkei 225 index surged past the historic 42,000 mark for the first time, driven by a 0.97% gain powered by strong performances in technology stocks. This milestone coincided with a broader rally across Asia-Pacific markets, buoyed by optimism about potential Federal Reserve rate cuts. The Nikkei’s record-breaking rise highlighted positive economic signs, including a […]

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Egypt Projects Drop in Petroleum Exports to $7.95 Billion for 2024/25

Egypt’s government is forecasting a significant drop in petroleum exports, predicting they will fall to $7.95 billion for the fiscal year 2024-2025, down from $10.22 billion in the previous year. Economic Challenges Ahead This expected decline in petroleum exports comes amid broader economic challenges for Egypt. The central bank recently reported a shift in the […]

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China’s June Consumer Inflation Falls Short Amid Weak Demand

China’s post-COVID economic recovery hit another roadblock in June, as consumer inflation figures came in lower than expected. The consumer price index (CPI) for June increased by just 0.2% year-on-year, down from May’s 0.3% rise and below the 0.4% predicted by a Reuters poll. This marks the slowest inflation growth in three months, highlighting ongoing […]

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Qatar Chamber Hosts Burundian Trade Delegation to Boost Economic Ties

Qatar Chamber warmly welcomed a delegation from Burundi led by Victor Ndabaniwe, Chief of the Teacher’s Housing Foundation, and His Excellency Isidore Ntirampeba, Ambassador of Burundi to Qatar. The meeting, chaired by Qatar Chamber’s first vice-chairman, Mohamed bin Towar al-Kuwari, aimed to strengthen economic cooperation between the two nations. Exploring New Investment Avenues The discussions […]

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Nairobi Imposes New Hurdle on Uganda’s Fuel Imports

Kenya has raised the bond fee for fuel imports destined for Uganda, doubling it from $15 million to $45 million at the Vitol Tank Terminal International (VTTI) in Mombasa. This move, aimed at securing tax revenue in case imported fuel meant for transit is diverted to local markets, poses a significant challenge to Uganda’s efforts […]

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US Federal Reserve Optimistic About Achieving 2% Inflation Target

The Federal Reserve has expressed cautious optimism about achieving its 2% inflation target, according to the latest policy minutes. While inflation remains elevated, recent months have shown modest progress towards this goal. Economic Adjustments and Strategy The Fed emphasized a flexible, data-driven approach to monetary policy. Instead of following a fixed path, the Committee will […]

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Damaged Pipeline Piles Misery on South Sudan

Galiche Buwa, a 75-year-old widow, has survived civil wars, famine, and natural disasters. Her grocery business has been her lifeline through these turbulent times. However, the recent rupture of a key pipeline in Sudan has put even this staple of stability at risk, shaking the foundations of South Sudan’s economy. The pipeline, crucial for transporting […]

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