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ZiG deflation: Zimbabwe, which has become synonymous with runaway inflation, is now contending with deflation following the introduction of its new currency. https://bloom.bg/3yzqdzk
Nigeria investors: One year after President Bola Tinubu came to office, investor excitement over his reforms has faded. Some, though, say they’ll reconsider their positions if Nigeria stabilizes its currency and enacts more change. https://bloom.bg/3UTE8rq
Historic election: South Africans are voting in an election that looks set to reshape a political landscape dominated for three decades by the party that Nelson Mandela led to power. https://bloom.bg/4c1IqEp
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
Nigeria investors: One year after President Bola Tinubu came to office, investor excitement over his reforms has faded. Some, though, say they’ll reconsider their positions if Nigeria stabilizes its currency and enacts more change. https://bloom.bg/3UTE8rq
Historic election: South Africans are voting in an election that looks set to reshape a political landscape dominated for three decades by the party that Nelson Mandela led to power. https://bloom.bg/4c1IqEp
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
🎙 NEW: Japan is debating restarting the world’s biggest nuclear plant. But the memory of the Fukushima disaster looms large.
Today on The Big Take Asia podcast, Shoko Oda and K. Oanh Ha report on what the restart would mean for Japan. https://link.podtrac.com/jxfy2rhy
Today on The Big Take Asia podcast, Shoko Oda and K. Oanh Ha report on what the restart would mean for Japan. https://link.podtrac.com/jxfy2rhy
South Africa election: Finance Minister Enoch Godongwana says he is prepared to stay in his current role after the election and urged the country to choose stability over “chaos” by voting for the African National Congress. https://bloom.bg/3yDQpJn
African data centers: Raxio, a data-center company backed by global investor Meridiam Infrastructure Partners and US private equity firm Roha, is opening its first facility in Mozambique as part of a $290 million investment strategy in Africa. https://bloom.bg/3WUF2qx
More troops: Rwanda deploys another 2,000 soldiers to gas-rich Mozambique, where Islamic State-linked violence that’s delayed a $20 billion TotalEnergies project for three years has surged in recent months. https://bloom.bg/4aFQb1F
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
African data centers: Raxio, a data-center company backed by global investor Meridiam Infrastructure Partners and US private equity firm Roha, is opening its first facility in Mozambique as part of a $290 million investment strategy in Africa. https://bloom.bg/3WUF2qx
More troops: Rwanda deploys another 2,000 soldiers to gas-rich Mozambique, where Islamic State-linked violence that’s delayed a $20 billion TotalEnergies project for three years has surged in recent months. https://bloom.bg/4aFQb1F
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
Tracking election: S&P Global says it will closely monitor the outcome of South African elections next week and subsequent government policies to address issues from crime to energy supply that have deterred investment. https://bloom.bg/4axUpbE
Currency bans: Nigeria steps up efforts to curb speculation against the battered naira, slapping tough new conditions on bureau de change and banning street trading in foreign currency. https://bloom.bg/44TKsE8
Unlocking funds: Ghana receives a draft agreement to restructure debt owed to official creditors that would unlock a $360 million payment from the International Monetary Fund. https://bloom.bg/3WTL76k
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
Currency bans: Nigeria steps up efforts to curb speculation against the battered naira, slapping tough new conditions on bureau de change and banning street trading in foreign currency. https://bloom.bg/44TKsE8
Unlocking funds: Ghana receives a draft agreement to restructure debt owed to official creditors that would unlock a $360 million payment from the International Monetary Fund. https://bloom.bg/3WTL76k
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
Road deal: Kenya signs a $3.6 billion agreement with Virginia-based Everstrong Capital to build an expressway linking the nation’s two largest cities, one of several deals to be announced during President William Ruto’s US visit. https://bloom.bg/3ULvZFq
IMF backs ZIG: The International Monetary Fund welcomes Zimbabwe’s introduction of a new gold-backed currency as a positive step, in its first substantive comment on the ZiG since it was introduced last month. https://bloom.bg/4as3qTu
Elections rally: South African’s financial markets are brimming with optimism as voters get ready to cast their ballot. https://bloom.bg/44SsJNo
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
IMF backs ZIG: The International Monetary Fund welcomes Zimbabwe’s introduction of a new gold-backed currency as a positive step, in its first substantive comment on the ZiG since it was introduced last month. https://bloom.bg/4as3qTu
Elections rally: South African’s financial markets are brimming with optimism as voters get ready to cast their ballot. https://bloom.bg/44SsJNo
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
Twenty people remain in intensive care after turbulence hit a Singapore Air flight, while 14 needed surgery as of Wednesday, Thailand authorities say. More here: https://bloom.bg/4bv3bbp
📷: Valeria Mongelli/Bloomberg
📷: Valeria Mongelli/Bloomberg
Takeover target: Anglo American agrees to enter talks with BHP after rejecting a third buyout proposal worth $49 billion, opening the door to what would be the biggest mining deal in over a decade. https://bloom.bg/4auqkJR
Road contract: Nigeria’s cabinet last week approved construction work on the second section of a $13 billion highway awarded to an ally of President Bola Tinubu, a project that’s ignited a political firestorm in the country. https://bloom.bg/4bqAdcY
More chocolate: African chocolatiers are seeing gains despite severe weather impacting cocoa supply, leading to record-breaking price increases as demand for ethically made confectionery rises. https://bloom.bg/3wS95UY
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
Road contract: Nigeria’s cabinet last week approved construction work on the second section of a $13 billion highway awarded to an ally of President Bola Tinubu, a project that’s ignited a political firestorm in the country. https://bloom.bg/4bqAdcY
More chocolate: African chocolatiers are seeing gains despite severe weather impacting cocoa supply, leading to record-breaking price increases as demand for ethically made confectionery rises. https://bloom.bg/3wS95UY
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
🎙 Chinese President Xi Jinping can't count on soaring prosperity to underpin support for Communist Party rule anymore.
Today on The Big Take Asia podcast, how he’s managing to navigate these changes https://link.chtbl.com/XJpkYRMU
Today on The Big Take Asia podcast, how he’s managing to navigate these changes https://link.chtbl.com/XJpkYRMU
NEW: China’s economic miracle is ending, leaving President Xi Jinping with a challenge none of his predecessors faced: how to govern after the boom. Read The Big Take here: https://bloom.bg/3QXMLQS
Debt restructuring: Ghana’s plan to restructure $13 billion of foreign debt rejected by the International Monetary Fund last month is back on track, thanks to stronger-than-expected economic growth. https://bloom.bg/44OVb2q
Billion dollar projects: TotalEnergies and its partners approve a $6 billion deep-water oil project about 100 kilometers off the coast of Angola, reaffirming the French energy giant’s commitment to the African nation. https://bloom.bg/3VasFp4
Healthcare expansion: South Africa’s largest private hospital network is expanding primary and home-care options as it seeks to further widen its patient base. https://bloom.bg/4at0BBB
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
Billion dollar projects: TotalEnergies and its partners approve a $6 billion deep-water oil project about 100 kilometers off the coast of Angola, reaffirming the French energy giant’s commitment to the African nation. https://bloom.bg/3VasFp4
Healthcare expansion: South Africa’s largest private hospital network is expanding primary and home-care options as it seeks to further widen its patient base. https://bloom.bg/4at0BBB
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
One person has died and several passengers have been injured after a flight from London to Singapore encountered severe turbulence. Latest: https://bloom.bg/4dRtUAA
📷: Ore Huiying/Bloomberg
📷: Ore Huiying/Bloomberg
Riot risks: South Africa’s top court rules that former President Jacob Zuma can’t run as a candidate in next week’s election, raising the risk his supporters will foment unrest. https://bloom.bg/4dKyv7I
Coup leader killed: The Democratic Republic of Congo's government says it killed the leader of an attempted coup and arrested several others, hours after gunfire erupted on Sunday in the capital of the mineral-rich central African country. https://bloom.bg/4bmSrMs
Black empowerment: Impala Platinum announces a 9 billion rand ($500 million) deal that will result in Black investors holding a 13% interest in the South African mining company and the Bafokeng business it acquired last year. https://bloom.bg/3wFT9oW
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
Coup leader killed: The Democratic Republic of Congo's government says it killed the leader of an attempted coup and arrested several others, hours after gunfire erupted on Sunday in the capital of the mineral-rich central African country. https://bloom.bg/4bmSrMs
Black empowerment: Impala Platinum announces a 9 billion rand ($500 million) deal that will result in Black investors holding a 13% interest in the South African mining company and the Bafokeng business it acquired last year. https://bloom.bg/3wFT9oW
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
The death of Iranian President Ebrahim Raisi in a helicopter crash raises the immediate question of who will succeed him in running the government.
Raisi had been expected to succeed 85-year-old Supreme Leader Ayatollah Ali Khamenei, and his death has consequences for the future of one of the most powerful positions in the Middle East. Read more here: https://bloom.bg/3K4Nagu
📷: Office of the President of the Islamic Republic of Iran/Getty Images
Raisi had been expected to succeed 85-year-old Supreme Leader Ayatollah Ali Khamenei, and his death has consequences for the future of one of the most powerful positions in the Middle East. Read more here: https://bloom.bg/3K4Nagu
📷: Office of the President of the Islamic Republic of Iran/Getty Images
Ebrahim Raisi, the ultraconservative cleric whose tenure as Iran’s president was marked by a mass uprising and an increasingly hawkish stance toward the West, has died after a helicopter crash.
He was widely seen in Iran as a favorite to eventually succeed Supreme Leader Ayatollah Ali Khamenei. Read more on his life, and the impact of his death: https://bloom.bg/3wJHw05
He was widely seen in Iran as a favorite to eventually succeed Supreme Leader Ayatollah Ali Khamenei. Read more on his life, and the impact of his death: https://bloom.bg/3wJHw05
BREAKING: Iranian President Ebrahim Raisi has been killed in a helicopter crash in a mountainous area of the country, along with other officials including Foreign Minister Hossein Amirabdollahian. Follow live updates here: https://bloom.bg/3UQmlBu
📷: Carlos Becerra/Bloomberg
📷: Carlos Becerra/Bloomberg
Iranian state television reports there was “no sign of life” at the crash site of a helicopter that was transporting President Ebrahim Raisi and went down in the northwest of the country. Latest updates: https://bloom.bg/3QTZsvP
Singapore's new Prime Minister Lawrence Wong came from modest beginnings to reach the top. Now his biggest challenge is maintaining the city's success.
Sign up to Bloomberg's free Singapore Edition newsletter for more insights into one of Asia’s most dynamic economies: https://bloom.bg/4bn0GIi
Sign up to Bloomberg's free Singapore Edition newsletter for more insights into one of Asia’s most dynamic economies: https://bloom.bg/4bn0GIi
Red sea attacks: A tiny East African country is host to Chinese, French and US naval bases — but it warned Washington not to use its territory to confront militants attacking global trade. https://bloom.bg/3RcIqth
No genocide here: Israel denied it’s committing genocide in Gaza after South Africa filed a request at the International Court of Justice for emergency measures to stop what it called the destruction of the Palestinian enclave. https://bloom.bg/3V2TxXL
Africa's stolen artifacts: The question is no longer if Western museums should return looted historical goods; it’s when and how to do so. https://bloom.bg/4bBJdMx
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
No genocide here: Israel denied it’s committing genocide in Gaza after South Africa filed a request at the International Court of Justice for emergency measures to stop what it called the destruction of the Palestinian enclave. https://bloom.bg/3V2TxXL
Africa's stolen artifacts: The question is no longer if Western museums should return looted historical goods; it’s when and how to do so. https://bloom.bg/4bBJdMx
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
Niger oil exports: Benin’s government agrees to unblock oil exports from neighboring Niger after officials from China National Petroleum intervene in a dispute between the two countries. https://bloom.bg/44JrCPP
Jumia doubles down: E-retailer Jumia plans to focus on Nigeria, Africa’s most-populous nation, as part of a bid to turn profitable. https://bloom.bg/3V3QdMi
Legal battle looms: A legal battle over South Africa’s newly enacted national health-insurance law is brewing and is likely to end up in the nation’s top court. https://bloom.bg/4bkt2TA
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
Jumia doubles down: E-retailer Jumia plans to focus on Nigeria, Africa’s most-populous nation, as part of a bid to turn profitable. https://bloom.bg/3V3QdMi
Legal battle looms: A legal battle over South Africa’s newly enacted national health-insurance law is brewing and is likely to end up in the nation’s top court. https://bloom.bg/4bkt2TA
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday.
Rate hike looms: Nigeria’s inflation rate climbed for a 16th consecutive month in April, driven by a threefold increase in electricity tariffs and higher transport costs. https://bloom.bg/3yt1kVW
Health bill becomes law: South African President Cyril Ramaphosa signed a controversial health-insurance bill into law, weeks before his party faces what’s set to be its toughest election since it came to power three decades ago. https://bloom.bg/4dDIGLl
Qatar African investment: Qatar Airways is set to invest in an unidentified airline based in southern Africa in the coming weeks as it looks to expand its footprint in the continent. https://bloom.bg/3QMA0bP
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
Health bill becomes law: South African President Cyril Ramaphosa signed a controversial health-insurance bill into law, weeks before his party faces what’s set to be its toughest election since it came to power three decades ago. https://bloom.bg/4dDIGLl
Qatar African investment: Qatar Airways is set to invest in an unidentified airline based in southern Africa in the coming weeks as it looks to expand its footprint in the continent. https://bloom.bg/3QMA0bP
Sign up for our twice-weekly newsletter on where sub-Saharan Africa stands now — and where it’s headed at https://bloom.bg/3OsOf3y. Next Africa publishes every Tuesday and Friday
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