Kenyan President William Ruto said his government and neighboring Uganda’s are in talks with Africa’s richest man, Aliko Dangote, to build a crude oil refinery in Tanzania. Dangote said that the refinery would be “built within the next four or five years” if all sides agree on the project. Ruto and Dangote made the comments during a panel discussion at the We Build Africa Summit in Nairobi, moderated by Bloomberg’s Jennifer Zabasajja.
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White House Press Secretary says President Donald Trump feels security worked as designed at the White House Correspondents’ annual dinner on Saturday night. She spoke to reporters on Monday at the White House.
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Anna Edwards, Guy Johnson, Tom Mackenzie and Paul Dobson break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.”

Chapters:
00:00:00 – MLIV
00:00:00 – Tech Earnings Season
00:01:13 – DeepSeek, Chinese Chip Stocks
00:01:50 – Fed, ECB, BOE and BOJ Expected to Hold Rates
00:02:54 – Bond Market Pressure
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On this week’s episode of The Deal, Elle Duncan talks about her new role hosting USA Network’s 2026 WNBA coverage and why the growth of women’s sports depends on investment. Check out her conversation with Alex Rodriguez and Jason Kelly wherever you get your podcasts.
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Nicolai Tangen, chief executive officer of Norges Bank Investment Management, discusses artificial intelligence, the speed of innovation in China and why he thinks real estate is attractive now. Speaking to Bloomberg’s Francine Lacqua at NBIM’s annual investment conference in Oslo, Tangen also says he sees signs of worry in private markets and that there is a “surprising” lack of market dislocation.

00:00 “Surprising” lack of market dislocation, war and energy risks
01:24 AI capex, infrastructure projects, data centers; risk appetite
04:04 Volatility; sees “a lot of jobs” disappearing due to AI
06:11 Sees signs of worry in private markets; sustainable investments
08:41 Real estate investments looks “more attractive now”
10:28 Consumer spending; speed of innovation in China “unreal”
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