Carlyle founders, Dangote back new African PE fund: A team spun out of Carlyle Group said they’ve got backing from the founders of the US private equity firm, as well as Nigerian billionaire Aliko Dangot,e for a new Africa-focused fund. https://bloom.bg/3PK6ZvM

Africa's biggest fund to invest more into green energy: The Public Investment Corporation intends to increase its investment in renewable energy as South Africa battles to resolve a power crisis that’s stifling economic growth. https://bloom.bg/3PA4kF2

South Africa weighs meat-import rebate on bird flu: Trade and Industry Minister Ebrahim Patel asked the nation’s trade commission to consider temporarily scrapping a duty on chicken imports, as the domestic poultry industry battles a deadly outbreak of avian flu. https://bloom.bg/46hAHPN

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The Indian commodities giant Vedanta is caught between founder ambition and a capital crunch. In between two major crises in 2012 and 2023, for a while Founder Anil Agarwal seemed to be eyeing a bid for Anglo American, one of the world's top mining groups, many times the size of Vedanta.

Vedanta may tide over a debt crisis yet again, but it is important investors consider the possibility that the founder's ambition may not allow this to be the last. https://trib.al/d6OMIgd

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FirstRand first black female CEO: Firstrand named Mary Vilakazi as the first black female chief executive officer of Africa’s biggest lender by market value. https://bloom.bg/46wP02K

Mozambique drops key claims from shipping magnate: The Mozambique government has agreed to drop a key part of its claim potentially worth hundreds of millions of dollars from its lawsuit against French tycoon Iskandar Safa and Privinvest. https://bloom.bg/3ZGIMLo

Cholera outbreak kills dozens in Zimbabwe: A cholera outbreak is spreading across Zimbabwe, with about 100 people suspected to have died from the disease, the Ministry of Health said. https://bloom.bg/46gjHtu

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Eskom CEO quest: South Africa’s protracted search for a new CEO for its state-owned power utility will end by December, according to Public Enterprises Minister Pravin Gordhan. https://bloom.bg/3Q773ag

Mauritus Telecom's Africa expansion: The Mauritius telecommunications operator is assessing opportunities in several African nations as part of a key strategic initiative to diversify out of the Indian Ocean island market. https://bloom.bg/46CWm4P

Congo's global Germanium output plans: A newly built plant in Democratic Republic of Congo aims to produce 30% of the world’s germanium, according to its owner, potentially easing China’s dominance of the metal used in electronics and solar cells. https://bloom.bg/3RNMgdf

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Prime Minister Benjamin Netanyahu declared Israel “at war” after Gaza Strip militants fired over 2,000 missiles and infiltrated southern parts of the country, killing an estimated 22 Israelis, in a surprise attack early Saturday.

“The enemy will pay a price that he has not seen before. We are at war and we will win it,” Netanyahu said in a video address.

Hundreds more were injured and defense forces were unable to immediately access some communities overrun by Hamas. Israel said it was reinforcing “all arenas” with an extensive mobilization of reserves for what’s been dubbed “Operation Swords of Iron.” Israel has sent a dozen or more warplanes to strike back within the strip.

Follow here for the latest updates as they happen https://trib.al/5RVDixk

Israel war: The death toll from the conflict between Israel and the militant group Hamas has topped 1,100 as fighting enters a third day. Read the latest here. https://tinyurl.com/yc6hkwj8

Turbulence ahead: It took four long years for global airline capacity to return to pre-Covid levels — but for passengers and airlines, the industry has changed forever. Here's how. https://tinyurl.com/bdcm67r6

Sneaking money out: Some of China's affluent people are trusting their life savings to a group of strangers they know only via Whatsapp. They are willing to take the gamble to sneak their money out of the mainland. Read The Big Take. https://tinyurl.com/2xrdp9td

Over a thousand dead after Hamas attack: The death toll from the conflict between Israel and the militant group Hamas topped 1,100 as fighting continued for a third day. https://bloom.bg/3LUuXnc

Africa in focus at IMF: The continent’s leaders seek a bigger say in global finance as hosts of the annual IMF and World Bank meetings for the first time in 50 years. https://bloom.bg/3LUdxah

Sunak’s Rwanda deportation plan: The UK’s controversial policy to deport asylum seekers to Rwanda is set to be scrutinized by the nation’s top court this week. https://bloom.bg/3rAv0O5

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Global companies are spending millions of dollars to get their names seen during the Cricket World Cup in India. The sporting event represents an opportune moment for brands to tap into the cricket-crazy nation of 1.4 billion people, and guarantees sponsors more than a billion viewers across the world from Europe to Oceania. https://trib.al/NVg3JI2

Fans lash out at India’s cricket board BCCI over ticketing chaos and shoddy planning during the opening matches of the Cricket World Cup. Read more on how this threatens to deflate India’s soft power push: https://trib.al/gqKUgLK

Talks Over Crisis Government: Israel’s ruling coalition wants to form an emergency government with the opposition to tackle the nation’s worst crisis in decades. https://bloom.bg/3rDAvvs

Nigerian Reforms Boost Economic Growth: The International Monetary Fund welcomed reforms by Nigerian President Bola Tinubu’s government, and forecast faster economic growth in the West African nation and other key African economies. https://bloom.bg/46KS1fR

Egypt Banks Suspend Foreign Currency Debit-Card Use: The country’s biggest lenders including Commercial International Bank SAE and Banque Misr suspended the use of local-currency debit cards abroad. https://bloom.bg/3FfyCrG

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Israeli troops are massing for a possible ground invasion of Gaza. Multiple factors could complicate that mission: https://trib.al/altiHDR

The US vows to send further weapons to bolster Israel's defenses. Meanwhile, the European Union's foreign policy chief says an “overwhelming majority” of EU member states are against cutting aid or cooperation with the Palestinian Authority. Follow the latest: https://trib.al/Zw7FnPF

Here's how Hamas was able to pierce Israel's sophisticated defenses to ignite a deadly war, according to intelligence experts. https://trib.al/Bzy73MD

Singapore placed military and financial sanctions on Russia. Oil traders are still finding ways to keep the crude flowing from Putin's regime. https://trib.al/1YrAGtF

Afghanistan's cricket team, who fled after the Taliban took over the country, is attempting to regain its footing during the World Cup. https://trib.al/oTiownW

This supercar looks like a Batmobile, is named after a mythical Persian bird and visitors can't open its doors. But the most unusual thing? It's made in Afghanistan. https://trib.al/oOstl3O

Emergency Cabinet Talks: Israeli Prime Minister Benjamin Netanyahu is meeting opposition leader and ex-Defense Minister Benny Gantz to discuss formation of an emergency national government as the conflict with Hamas escalates. https://bloom.bg/46oi3pL

US Suspends Niger Aid After Coup: The US formally designated Niger’s military uprising a coup, a move that will halt counter-terrorism cooperation and $500 million in aid, while maintaining its largest military presence in Africa outside of Djibouti. https://bloom.bg/3rMXvrO

Egypt Scoops Up Russian Wheat: The country booked eight cargoes of wheat from a Russian state-backed trader in a direct deal this week. https://bloom.bg/46LUEOS

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Thriving secondary market: An ex-Nomura trader's decision to buy a ticket for the hotly anticipated India vs Pakistan match at the Cricket World Cup is turning out to be his best bet ever. https://tinyurl.com/26eewb6s

New Startup: Several key former employees from Arm’s Chinese venture have started a chip design house with local government backing, adding to uncertainty in the British firm’s biggest market. https://tinyurl.com/amm5sab7

Fake Parts: Airlines are frantically hunting down fake parts in their fleets after a little-known distributor in London sold thousands of engine components with bogus documentation. Read The Big Take. https://tinyurl.com/mr3upcva

Adani Ports is four times the size of JSW Infrastructure in capacity and over six times in revenue. Just Mundra Port, the jewel among Adani's 14 port and terminal assets, is larger than the combined capacity of JSW’s nine assets.

Billionaire Jindal is becoming an Adani Ports challenger. But, it's a long, uphill climb in a capital intensive industry that has a long gestation period and regularly sees businesses fail. Menaka Doshi writes about the billionaire battle brewing in India's ports sector in this week's India Edition. https://trib.al/wT9VTE6

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Unconfirmed Israeli strikes on Damascus: Israel carried out air strikes on the main airports in Damascus and Aleppo on Thursday afternoon, putting them out of service, Syria’s state-run news agency SANA said. Israel has not confirmed the report. https://bloom.bg/3tptY7T

South Africa to hand over rail, ports to business: Presidency plans to relinquish most of the responsibility for fixing state-run ports and freight-rail to the private sector. Since 2010 it has cost the economy at least $26.7 billion. https://bloom.bg/3tnF5OG

Italy’s Meloni to delay Africa summit: Italian Prime Minister Giorgia Meloni is set to delay until early next year a summit with African leaders, aimed at strengthening cooperation on issues including energy and migration, because of the conflict between Israel and Hamas. https://bloom.bg/46svXad

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Recession risk: Like Middle East wars of the past, the conflict between Israel and Hamas that broke out this past week has the potential to disrupt the world economy — and even tip it into recession if more countries are drawn in. https://trib.al/yhRVpkv

Top deal: Microsoft’s $69 billion acquisition of Activision Blizzard was approved by the UK competition watchdog, removing the final major global regulatory hurdle that stood in the way of the biggest ever gaming deal completing. https://trib.al/WZ60n50

India-Pakistan face off: Millions of sports fans from Delhi to Melbourne are anticipated to pack restaurants, bars, street markets and malls as the two South Asian arch-rivals play each other at the Cricket World Cup on Saturday. https://trib.al/5bHW4Ex

New loan: Nigeria’s government is seeking a $1.5 billion loan from the World Bank to help fund its budget, Finance Minister Wale Edun said, as the IMF welcomed recent government reforms and said it’s open to funding the nation. bloom.bg/3twJMGe

Transnet latest: South Africa’s embattled state-owned freight-rail and ports company identified areas that require immediate state support in a turnaround plan that is being submitted to the government. bloom.bg/46uW5Bv

IT services at risk: Members of South Africa’s Public Servants Association plan to strike at state-owned IT firm SITA, a move that could affect government services including welfare payouts. bloom.bg/48Sj8aV

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India’s Supreme Court refused to rule on legalizing same-sex marriage, saying it’s an issue for Parliament, a move that allows the country’s current limits on marriage to stand for the foreseeable future.

India decriminalized homosexuality in 2018 but has yet to extend marriage rights to the LGBTQ community. Less than 40 countries recognize same sex marriage, including just two places in Asia — Taiwan and Nepal. https://trib.al/05HuID7

Biden's Israel visit: President Joe Biden will make a dangerous and politically risky trip to Israel intended to show solidarity with the US’s closest ally in the Middle East and prevent the conflict from engulfing the wider region. https://bloom.bg/48XfT1R

Bonds slump: Ghana’s dollar bonds slumped, posting some of the worst losses among emerging-market peers, after the government asked bondholders to accept a nominal haircut of as much as 40%. https://bloom.bg/45Hzq3K

South Africa energy transition: The country may be able to raise as much as 1.13 trillion rand ($60 billion) over the next five years to fund a switch to green energy from fossil fuels, its environment minister said. https://bloom.bg/45tTAhq

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Rising inflation: South Africa’s inflation rate rose to a three-month high in September on the back of higher food and energy prices, maintaining the case for the central bank to keep borrowing costs higher for longer. http://bloom.bg/46AA8AP

Long wait: Pick n Pay Stores shares plunged after the rehired chief executive officer of South Africa’s third-largest grocer by revenue said it may take two years to turn the struggling company around. http://bloom.bg/48ZX91S

Economic chief ousted: Tunisian President Kais Saied fired his economy and planning minister, removing one of the cash-strapped nation’s most vocal advocates of a stalled $1.9 billion IMF rescue program. http://bloom.bg/3S3G5C4

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Google in India: Google will make Pixel 8 smartphones in India, boosting the nation's position in the global phone supply chain. https://tinyurl.com/2p8d4ysm

Super app: Tata Group is weighing putting in $1 billion of fresh capital into its super app venture as the salt-to-software conglomerate seeks to improve the digital business. https://tinyurl.com/bdr5f56n

Looking beyond: UBS is the last global bank standing in Switzerland. Can CEO Sergio Ermotti capitalize on the deal of a lifetime? Read The Big Take. https://tinyurl.com/5n778nvx