Bloomberg

Presidential inauguration: Cyril Ramaphosa is sworn in for another term as South Africa’s president, after elections stripped the ANC of its parliamentary majority and forced it into a power-sharing alliance with long-time rivals. https://bloom.bg/3VOhHpo Deadly disease: Nigeria issues a public health warning after a "highly aggressive and contagious” cholera strain killed 15 people in Lagos. https://bloom.bg/4bbVdDp Stake sale: Eni is planning to sell a stake in its Ivory Coast exploration operations in a potential deal that could be worth about $1.1 billion, sources say. https://bloom.bg/3KQ1JVt 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

Global investors are piling into India's $1.3 trillion of sovereign debt as they rush to find alternatives to China and Russia. Read The Big Take here: https://bloom.bg/3XvEqrM 📷: Álvaro Bernis

Cabinet battle: The tussle over cabinet positions has begun in South Africa, with the bulk of posts in the so-called government of national unity expected to go to officials from the ANC and the Democratic Alliance. https://bloom.bg/4b7ybx9 Nigeria exit: As US and Europe-based multinationals flee the West African nation, Asian and local companies are stepping in to fill the void. https://bloom.bg/3VwJZmO European funding: The UK government’s development-finance arm is providing its first support for renewable energy in Tanzania. https://bloom.bg/45uUbB2 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

Singapore closes beaches on the popular resort island and wealthy expat haven of Sentosa following an oil spill caused by one vessel hitting another at a nearby port. More here: https://bloom.bg/3yZ9R3b 📷: David Ramli/Bloomberg

Scammers are targeting ultra-wealthy clans with fake family offices. Read about the measures they're taking to protect themselves in this week's free Singapore Edition newsletter: https://bloom.bg/3VqFR81 📷: Anthony Wallace/AFP/Getty

Crypto charges: Binance said Nigerian authorities have dropped some criminal charges against an executive at the world’s biggest crypto exchange who has been imprisoned in the country since April. https://bloom.bg/4bWxQPp Presidential election: South African political leaders agreed to a broad alliance to form the next government and back the reelection of Cyril Ramaphosa as president after a shock election result left the nation without a majority party. https://bloom.bg/3RrJUQu AI farming: In its first test in Malawi, AI is helping smallholder farmers treat pigs and kill weevils that are destroying their crops. https://bloom.bg/3VlVYnn 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.

When Apple CEO Tim Cook and his top deputies this week unveiled a landmark arrangement with OpenAI to integrate ChatGPT into the iPhone, iPad and Mac, they were mum on the financial terms. Apple isn’t paying OpenAI as part of the partnership, sources say. Find out how the partnership is expected to generate meaningful revenue for either party: https://bloom.bg/3KEXdZI 📷: David Paul Morris/Bloomberg

Creditor pact: Ghana reached a deal with creditors formalizing debt treatment plans agreed in January, which will open the way for the disbursement of aid from the International Monetary Fund. https://bloom.bg/4c9nStK Crypto laws: Zimbabwe asks for public input on cryptoasset operations as it works on regulatory policy for the sector. https://bloom.bg/4cj2gec Solar boost: Repairs to South Africa’s coal-fired power stations that have helped the state utility avoid debilitating blackouts for three months straight is giving solar installers an unintended break. https://bloom.bg/4bYEFQc 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.

🎙 A new breed of scammer is targeting ultra-rich families in Singapore and Hong Kong. On the Big Take Asia podcast, we track how https://link.podtrac.com/jxfy2rhy

Hong Kong's property market has lost $270 billion in value in the last five years, the longest downturn since the early 2000s. Homeowners are now increasingly contemplating what once was unthinkable — selling at a loss. Read the full story here: https://bloom.bg/3KD78PN 📷: Lam Yik/Bloomberg