Inflation record: Nigerian inflation accelerated more than anticipated to a 28-year high, as a surge in the nation’s currency has yet to reflect on the cost of imported goods. https://bloom.bg/3UiwlEA
Forgotten crisis: One year on, Sudan’s civil war has destroyed its social fabric, sparked the world’s biggest displacement disaster and threatens the largest hunger emergency. https://bloom.bg/4aBHPZC
Brazilian corn: Zimbabwe is considering importing corn from Brazil for the first time since 2014 as the El Niño weather pattern withers crops in the region. https://bloom.bg/3TV8Ccl
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.
Forgotten crisis: One year on, Sudan’s civil war has destroyed its social fabric, sparked the world’s biggest displacement disaster and threatens the largest hunger emergency. https://bloom.bg/4aBHPZC
Brazilian corn: Zimbabwe is considering importing corn from Brazil for the first time since 2014 as the El Niño weather pattern withers crops in the region. https://bloom.bg/3TV8Ccl
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.
BREAKING: China’s economic growth beats expectations in the first quarter, rising 5.3% from a year earlier. Follow along for analysis. https://bloom.bg/49FqmOK
The resurgent dollar cut a swath through global currencies, weakening many in Asia through closely watched levels that forced some officials to step in to stem the losses.
A key intervention from China only served to ramp up the pressure with the Indonesian rupiah, India’s rupee and the South Korean won being particularly hit. Read more here: https://bloom.bg/49xPjLW
📷: SeongJoon Cho/Bloomberg
A key intervention from China only served to ramp up the pressure with the Indonesian rupiah, India’s rupee and the South Korean won being particularly hit. Read more here: https://bloom.bg/49xPjLW
📷: SeongJoon Cho/Bloomberg
John the Second's plan: Zimbabwe’s new central bank governor vows to restore confidence in the institution that’s repeatedly failed to stabilize prices and the nation’s currency. https://bloom.bg/49CCJeu
No free beach: Nigeria’s commercial capital boasts miles of white sand along the Atlantic Ocean that once teemed with locals looking to beat the heat. So what happened? https://bloom.bg/3U1Zwu7
Gold miners tussle: Endeavour Mining has been accused by Lilium Mining of misrepresentation over the sale of two African gold mines, as the fallout from the tenure of ousted CEO Sebastien de Montessus continues. https://bloom.bg/3xHefU8
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 free beach: Nigeria’s commercial capital boasts miles of white sand along the Atlantic Ocean that once teemed with locals looking to beat the heat. So what happened? https://bloom.bg/3U1Zwu7
Gold miners tussle: Endeavour Mining has been accused by Lilium Mining of misrepresentation over the sale of two African gold mines, as the fallout from the tenure of ousted CEO Sebastien de Montessus continues. https://bloom.bg/3xHefU8
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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Africa's capital flight: The number of millionaires living in Africa dropped by nearly 20,000 in the past decade as they either moved away or saw currency depreciations chip away at their wealth. https://bloom.bg/49EpXMr
Inflation drop: South Africa’s inflation rate dipped to a two-month low in March, but that is unlikely to persuade policymakers to cut borrowing costs. https://bloom.bg/4cU9TZX
ZiG reserves: Zimbabwe won’t print additional ZiG notes unless it has the reserves to back the new currency, the central bank governor says. https://bloom.bg/3xFuS2k
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.
Inflation drop: South Africa’s inflation rate dipped to a two-month low in March, but that is unlikely to persuade policymakers to cut borrowing costs. https://bloom.bg/4cU9TZX
ZiG reserves: Zimbabwe won’t print additional ZiG notes unless it has the reserves to back the new currency, the central bank governor says. https://bloom.bg/3xFuS2k
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.
Google has fired 28 employees after they were involved in protests against Project Nimbus, a $1.2 billion joint contract with Amazon to provide the Israeli government with AI and cloud services. More here: https://bloom.bg/4aTKIW1
📷: Marlena Sloss/Bloomberg
📷: Marlena Sloss/Bloomberg
The race for the “world’s best airport” crown has been a two-horse affair in recent years, with Doha’s Hamad International and Singapore Changi leading the pack.
This year the title has switched, with 12-time winner Singapore being edged out of the top spot by its Middle Eastern rival in the Skytrax World Airport Awards 2024. See the full list of the world's best airports here: https://bloom.bg/49Gl7OE
📷: Lauryn Ishak/Bloomberg
This year the title has switched, with 12-time winner Singapore being edged out of the top spot by its Middle Eastern rival in the Skytrax World Airport Awards 2024. See the full list of the world's best airports here: https://bloom.bg/49Gl7OE
📷: Lauryn Ishak/Bloomberg
Succession problem: The impulsive behavior of Equatorial Guinea's vice president threatens the long-term stability of the Central African state that has been ruled by his father for the past 45 years. https://bloom.bg/3vOf6ll
ZiG gains: Zimbabwe, whose currency declined 80% before being abandoned, is now worried about its new unit appreciating too fast. https://bloom.bg/4d59ovW
Coffee trade: Ethiopia has revised rules to allow foreign companies to buy coffee directly from farmers and processors, the latest in reforms to liberalize Africa’s biggest producer of the commodity. https://bloom.bg/4cYFF7T
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.
ZiG gains: Zimbabwe, whose currency declined 80% before being abandoned, is now worried about its new unit appreciating too fast. https://bloom.bg/4d59ovW
Coffee trade: Ethiopia has revised rules to allow foreign companies to buy coffee directly from farmers and processors, the latest in reforms to liberalize Africa’s biggest producer of the commodity. https://bloom.bg/4cYFF7T
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.
🚨 LIVE: India begins voting in the world's biggest election, with Prime Minister Modi aiming for a historic third term.
Follow our free-to-read live blog for the latest news, updates and analysis https://bloom.bg/3xCaor8
Follow our free-to-read live blog for the latest news, updates and analysis https://bloom.bg/3xCaor8
DEVELOPING: An explosion was heard early Friday in Iran’s central city of Isfahan, a news agency reported, citing local sources https://bloom.bg/3JsA8Jn
Israel launched a retaliatory strike on Iran less than a week after Tehran’s rocket and drone barrage, according to two US officials, raising fears of a widening conflict across the Middle East.
Follow our live blog for the latest (free to read) https://bloom.bg/4cZMLJj
📷: ATTA KENARE/AFP via Getty Images
Follow our live blog for the latest (free to read) https://bloom.bg/4cZMLJj
📷: ATTA KENARE/AFP via Getty Images
South Africa coalitions: Polls show that the country — which votes on May 29 — could enter uncharted political terrain. https://bloom.bg/3UoAcjy
Rwandan meddling: Conflict in eastern Congo has reached a peak not seen in at least a decade, spurred allegedly by Rwandan support for a brutal rebel group. https://bloom.bg/3UowUwG
Cholera vaccine: An oral vaccine for cholera that is more simple to make than existing versions has been approved by the World Health Organization. https://bloom.bg/3Q8lISv
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.
Rwandan meddling: Conflict in eastern Congo has reached a peak not seen in at least a decade, spurred allegedly by Rwandan support for a brutal rebel group. https://bloom.bg/3UowUwG
Cholera vaccine: An oral vaccine for cholera that is more simple to make than existing versions has been approved by the World Health Organization. https://bloom.bg/3Q8lISv
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.
Change of plans: UK Prime Minister Rishi Sunak acknowledges his longstanding promise to send deportation flights to Rwanda by the spring has fallen by the wayside, and now the first flight is set to take off in July. https://bloom.bg/49OWRKq
Weight-loss drugs: Africa’s biggest drugmaker could potentially help ease a growing supply crunch for the world’s hottest obesity medications. https://bloom.bg/4aZJIQd
Oil findings: Galp’s shares jump after the Portuguese oil company says a well test “potentially” indicates Mopane could be an important commercial find in Namibia. https://bloom.bg/4aItPxn
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.
Weight-loss drugs: Africa’s biggest drugmaker could potentially help ease a growing supply crunch for the world’s hottest obesity medications. https://bloom.bg/4aZJIQd
Oil findings: Galp’s shares jump after the Portuguese oil company says a well test “potentially” indicates Mopane could be an important commercial find in Namibia. https://bloom.bg/4aItPxn
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.
Index rally erased: Zimbabwe’s new currency, the ZiG, has wiped out a gain of more than 330% on the nation's main stock market this year, leaving investors dealing with the fallout. https://bloom.bg/4b8oxLa
Surprise tax: A high-stakes standoff between Congo and the country’s biggest telecom operators ended with the companies paying an extra $5.8 million a month to the government. https://bloom.bg/4d3nLB7
Set sail: An Egyptian wheat ship has been allowed to sail after waiting three weeks for the correct paperwork, as a dispute between one of Russia’s top grain traders and a local regulator continues to disrupt exports. https://bloom.bg/3WgVzVv
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.
Surprise tax: A high-stakes standoff between Congo and the country’s biggest telecom operators ended with the companies paying an extra $5.8 million a month to the government. https://bloom.bg/4d3nLB7
Set sail: An Egyptian wheat ship has been allowed to sail after waiting three weeks for the correct paperwork, as a dispute between one of Russia’s top grain traders and a local regulator continues to disrupt exports. https://bloom.bg/3WgVzVv
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.
BREAKING: The Senate passed a long-delayed $95 billion emergency aid package for Ukraine and other besieged US allies, clearing the way for resumed arms shipments to Kyiv within days. https://bloom.bg/49WnDjP
📷: Andrew Kravchenko/Bloomberg
📷: Andrew Kravchenko/Bloomberg
BREAKING: The US Senate has voted to ban TikTok’s ownership by Chinese parent ByteDance. This now sets the stage for a constitutional clash over whether the prohibition deprives US users of their First Amendment free speech rights. https://bloom.bg/44h4ybc
📷: Bing Guan/Bloomberg
📷: Bing Guan/Bloomberg
Naira drops: Nigeria’s currency plunged, heading for its worst four-day losing streak since the naira was devalued in January as domestic dollar liquidity evaporated. https://bloom.bg/3vX9LrX
Green insurance: The World Bank is advising South Africa’s National Treasury on a climate risk strategy after floods in recent years caused billions of dollars of damage. https://bloom.bg/4aR7IF4
Chocolate crisis: Cocoa resumed gains in New York, with prices the most volatile in almost five decades amid uncertainty over a historic supply crunch. https://bloom.bg/4d5ATpr
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
Green insurance: The World Bank is advising South Africa’s National Treasury on a climate risk strategy after floods in recent years caused billions of dollars of damage. https://bloom.bg/4aR7IF4
Chocolate crisis: Cocoa resumed gains in New York, with prices the most volatile in almost five decades amid uncertainty over a historic supply crunch. https://bloom.bg/4d5ATpr
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
Big deal: BHP proposes a takeover of Anglo American that values the smaller miner at $38.9 billion, a deal that would create the world’s top copper producer and spark the industry’s biggest shakeup in over a decade. https://bloom.bg/4b5lvYN
Tech matters: Lawyers hired by the Democratic Republic of Congo have questioned Apple about the use of conflict minerals in their supply chain sourced from the country. https://bloom.bg/3JzOYh6
First fall: Zimbabwe’s gold-backed currency the ZiG weakens for the first time since its debut earlier this month. https://bloom.bg/49NmHOZ
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
Tech matters: Lawyers hired by the Democratic Republic of Congo have questioned Apple about the use of conflict minerals in their supply chain sourced from the country. https://bloom.bg/3JzOYh6
First fall: Zimbabwe’s gold-backed currency the ZiG weakens for the first time since its debut earlier this month. https://bloom.bg/49NmHOZ
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
BREAKING: King Charles III will return to public-facing duties next week for the first time since revealing his cancer diagnosis in February. Read more here: https://trib.al/gp7etMx
📷: Chris Jackson/Getty Images
📷: Chris Jackson/Getty Images