deals

U.S. signs new health deals with 9 African countries that mirror Trump’s priorities

The U.S. government has signed health deals with at least nine African countries, part of its new approach to global health funding, with agreements that reflect the Trump administration’s interests and priorities and are geared toward providing less aid and more mutual benefits.

The agreements signed so far, with Kenya, Nigeria and Rwanda among others, are the first under the new global health framework, which makes aid dependent on negotiations between the recipient country and the U.S.

Some of the countries that have signed deals either have been hit by U.S. aid cuts or have separate agreements with the Trump administration to accept and host third-country deportees, although officials have denied any linkage.

The Trump administration says the new “America First” global health funding agreements are meant to increase self-sufficiency and eliminate what it says are ideology and waste from international assistance. The deals replace a patchwork of previous health agreements under the now-dismantled U.S. Agency for International Development.

U.S. aid cuts have crippled health systems across the developing world, including in Africa, where many countries relied on the funding for crucial programs, including those responding to outbreaks of disease.

The new approach to global health aligns with President Trump’s pattern of dealing with other nations transactionally, using direct talks with foreign governments to promote his agenda abroad. It builds on his sharp turn from traditional U.S. foreign assistance, which supporters say furthered American interests by stabilizing other countries and economies and building alliances.

A different strategy

The deals mark a sharp departure from how the U.S. has provided healthcare funding over the years and mirrors the Trump administration’s interests.

South Africa, which has lost most of its U.S. funding — including $400 million in annual support — due in part to its disputes with the U.S., has not signed a health deal, despite having one of the world’s highest HIV prevalence rates.

Nigeria, Africa’s most populous country, reached a deal but with an emphasis on Christian-based health facilities, although it has a slight majority Muslim population. Rwanda and Uganda, which each have deportation deals with the U.S., have announced health pacts.

Cameroon, Eswatini, Lesotho, Liberia and Mozambique also are among those that have signed health deals with the U.S.

According to the Center for Global Development, a Washington think tank, the deals “combine U.S. funding reductions, ambitious co-financing expectations, and a shift toward direct government-to-government assistance.”

The deals represent a reduction in total U.S. health spending for each country, the center said, with annual U.S. financial support down 49% compared with 2024.

A faith-based deal in Nigeria, a lifeline for several others

Under its deal, Nigeria, a major beneficiary of USAID funds, would get support that has a “strong emphasis” on Christian faith-based healthcare providers.

The U.S. provided approximately $2.3 billion in health assistance to Nigeria between 2021 and 2025, mostly through USAID, official data shows. The new five-year agreement will see U.S. support at over $2 billion, while Nigeria is expected to raise $2.9 billion to boost its healthcare programs.

The agreement “was negotiated in connection with reforms the Nigerian government has made to prioritize protecting Christian populations from violence and includes significant dedicated funding to support Christian healthcare facilities,” the State Department said in a statement.

The department said “the president and secretary of State retain the right to pause or terminate any programs which do not align with the national interest,” urging Nigeria to ensure “that it combats extremist religious violence against vulnerable Christian populations.”

For several other countries, the new deals could be a lifeline after U.S. aid cuts crippled their healthcare systems and left them racing to fill the gaps.

Under its deal, Mozambique will get U.S. support of over $1.8 billion for HIV and malaria programs. Lesotho, one of the poorest countries in the world, clinched a deal worth over $232 million.

In the tiny kingdom of Eswatini, the U.S. committed to provide up to $205 million to support public health data systems, disease surveillance and outbreak response, while the country agreed to increase domestic health expenditures by $37 million.

No deal for South Africa after disputes

South Africa is noticeably absent from the list of signatories following tensions with the Trump administration.

Trump has said he will cut all financial assistance to South Africa over his widely rejected claims that it is violently persecuting its Afrikaner white minority.

The dismantling of USAID resulted in the loss of over $436 million in yearly financing for HIV treatment and prevention in South Africa, putting the program and thousands of jobs in the healthcare industry at risk.

Health compacts with countries that signed deportation deals

At least four of the countries that have reached deals previously agreed to receive third-country deportees from the U.S., a controversial immigration policy that has been a trademark of the Trump administration.

The State Department has denied any linkage between the healthcare compacts and agreements regarding accepting third-country asylum seekers or third-country deportees from the United States. However, officials have said that political considerations unrelated to health issues may be part of the negotiations.

Rwanda, one of the countries with a deportation deal with the U.S., signed a $228-million health pact requiring the U.S. to support it with $158 million.

Uganda, another such country, signed a health deal worth nearly $2.3 billion in which the U.S. will provide up to $1.7 billion. Eswatini also has started receiving flights with deported prisoners from the United States.

Magome and Gumede write for the Associated Press. AP writers Evelyne Musambi in Nairobi, Kenya; Dyepkazah Shibayan in Abuja, Nigeria; Mark Banchereau in Dakar, Senegal; and Matthew Lee in Washington contributed to this report.

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New deals on TUI package holidays for 2026

Aerial view of a beach in Mexico, with many boats on the water and people on the sand, surrounded by lush green hills.

SNAP up next year’s holiday for less.

Do you spend the long, cold winter nights dreaming about your next holiday? Say yes to summer – and yes to big savings – by bagging up to £500 off a TUI booking with its latest deal.

Las Teresitas beach is walking distance from Santa Cruz, capital of Tenerife

There are options to buy now, pay later with low or no deposit – and grab free kids’ places. So where do you fancy going?

Greek gifts

You can always depend on the Greek islands. Corfu is a lush picture of cypress trees, olive groves and sun-bleached towns.

Make sure to fit in a trip to Paradise Beach, so isolated it can only be reached by boat.

Alternatively, Rhodes has a breathtaking mix of dazzling beaches and ancient ruins.

Take the ferry to the tiny island of Symi, which has a beautiful harbour and a striking 15th-century monastery on the waterfront.

Spain’s Balearic Islands – Mallorca, Menorca, Ibiza and Formentera – never fail to please. 

Cala Galdana – a cosy, colourful resort set in a lovely cove in southern Menorca – has lots to keep the family entertained.

And of course Ibiza’s non-stop party scene, bohemian vibes and gorgeous sand are rightly legendary.

Choose a cruise

Or save up to £300 off per booking* on a more sedate river cruise. TUI River Cruises runs tours on the Nile in Egypt plus the Rhine, the Danube and the Moselle in Europe with a brand new ship to be launched on Portugal’s beautiful River Douro in Summer 2027.

Corfu is in the Ionian Sea, known for its turquoise waters

Long haul or short?

The new year is the perfect time to think about treating yourself to a holiday.

Tempted by some sunshine? Florida enjoys average temperatures of 25C – so hit the beach, tour Miami and visit Orlando’s theme parks.

Or soak up the sun in Mexico, explore Mayan ruins, laze on powder-sand beaches and stay in an incredible seafront hotel.

The Canaries are always a hit, winter or summer, with Tenerife and Gran Canaria as ever-reliable choices.

Agaete – in the north of Gran Canaria – has some great beaches and natural pools, plus a quaint old town with a walled botanical garden.

The Caribbean shores of Riviera Maya on Mexico’s Yucatan Peninsula

How to shop the deals

With a myTUI account you can save up to £500* per booking on a TUI package holiday using code SALE. 

You must be logged into a myTUI account to be able to apply any discounts. 

Once you’re set up, having your details stored online allows you to book a break swiftly before it disappears.

And if you already have dates and destinations in mind, that helps to narrow your search for the best deals.

Sign up for weekly emails and you’ll receive any discounts direct to your inbox.

The world is your oyster – so say yes to bargains, yes to paying later and, above all, yes to summer.


Find a holiday deal at tui.co.uk

TUI package holiday T&Cs

*Save 10 per cent per booking, up to a maximum discount of £500, with code SALE. Save 10 per cent per booking on TUI package holidays up to a maximum discount of £500. The discount does not apply to infants under two but the discount can still be applied to the rest of the booking. Offer excludes city destinations operated on third party flights apart from Dubai, Abu Dhabi, Muscat and Doha. Discount is valid on holidays departing between May 1, 2026 and October 31, 2027. Minimum spend is £500. Room upgrades and flight extras on TUI flying will count towards your minimum spend. However, other extras such as insurance and TUI Care Foundation donations do not count towards your minimum spend. Offer is valid from Friday December 19, 2025 when logged into a myTUI account. Offer does not apply to accommodation only, flight only, Cruise and Ski bookings. Offer is valid for new bookings only when logged into a myTUI account and can only be redeemed once per booking. Enter code SALE in upper case when on the holiday payment page of our website. See http://www.tui.co.uk or the relevant brochure for booking terms and conditions. Offer is subject to availability and may be amended or withdrawn at any time without notice. This promotional code is non-transferable and not valid in conjunction with any other discount code.

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Mega Deals Drive Near Record M&A Year as Companies Chase Scale

Dealmakers in 2025 enjoyed a near-record year for mergers and acquisitions, despite a turbulent spring that threatened hopes of a broader revival. So far this year, there were 70 global deals valued at more than $10 billion each, 22 of them in the fourth quarter, according to Dealogic. Total deal value has surpassed $4.8 trillion, up 41% from 2024, though the number of deals fell 6% to 38,395, marking the second-largest year ever behind 2021.

The spike in mega deals reflects a growing focus on scale. “M&A today is all about the mega deals, the race for scale,” said Anu Aiyengar, JPMorgan’s global head of advisory and M&A. There were at least four deals above $50 billion, with two notable bids for Warner Bros. Discovery totaling over $80 billion and Paramount Skydance’s $108 billion hostile offer.

Drivers of Late-Year Rally

A more permissive regulatory environment in the U.S., coupled with a calmer macroeconomic outlook, is encouraging companies to pursue transformative deals. With antitrust scrutiny easing under the Trump administration, boards and executives are seizing opportunities for strategic acquisitions, according to Frank Aquila, partner at Sullivan & Cromwell.

Dealmakers also say valuations are rising, prompting companies to pay higher multiples while expecting their own stocks to maintain relative strength. “Valuations have been bid up and we’ve seen clients be more aggressive in terms of multiples,” said Lazard’s Mark McMaster.

Technology and AI Influence

Technology deals, particularly those tied to artificial intelligence, have played a prominent role. OpenAI raised $40 billion in funding led by SoftBank, and Aligned Data Centers was acquired for $40 billion. Morgan Stanley’s John Collins said companies are pursuing scale to invest in AI-driven changes, both in tech and across other industries.

Cross-border M&A activity surged in 2025, reaching $1.24 trillion, the highest since 2021. U.S. and UK companies were the most targeted, while U.S., France, and Japan were the most acquisitive. Multinational companies, particularly from Europe and Japan, are investing in the U.S. to capitalize on the world’s largest market. China and Japan are also seeing strong outbound activity, with Japanese deal values boosted by high-profile transactions like OpenAI and Toyota Industries.

Corporate divestitures are rising, up 30% in volume from last year, exemplified by Holcim’s $30 billion spin-off of its North American business, Amrize. Private equity is also regaining momentum, with global buyouts reaching $1.1 trillion, a 51% increase from 2024.

Outlook for 2026

Dealmakers expect the M&A rally to continue into 2026, with $50 billion–$70 billion deals already in the pipeline and a $100 billion tech transaction not ruled out. Analysts see a multi-year run of high-value deals, fueled by scale-seeking corporations, AI-related opportunities, cross-border expansion, and corporate restructuring. While caution remains in politically uncertain markets like the UK, the global appetite for transformative deals appears set to drive another strong year for mergers and acquisitions.

With information from Reuters.

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