as well as pushed out of patience for any breaking news to most amusing to some to some photos and videos. up next alpha's result dwi business south africa mall of the day so world news of the top of the hour don't wait that long but always the website. i'm going to. it's time for berlin's sixty nine film festival. to give you the lowdown on all the stars. and gossip. the money nominated twenty nine thousand every day on video. i don't think

that that well i guess sometimes i am but i'm standing up in which you. think steve winter jam a culture of looking at the stereotype aquatics interesting to see from the country behind on time. needed to be good for this drama. you know it's all about. time rachel join me to meet the gentleman from d.w. . post. africa's booming and europe also a piece of the action that's the german africa's economic summit. germany's development minister tells d.w.m. stable governments and growth up prompting european companies to forge new business start ups. and the non bridgeable divide of the irish border as britain rejects plans to. a in a customs union with the e.u.

off the brits. this is business africa. welcome and we start in ghana where the third german african business summit kicked off today among those attending is german development minister. today he toured a textile factory that started exporting to germany. it was there and filed this report. clothing manufactured in ghana and destined for exports this factory in the capital employs some fifteen hundred people it already felt that way i mean i should state this year for the first time to export to germany. the business exemplifies what's become a growing international interest in the possibilities of textile money fracturing in africa. ghana has great potential

especially in the area of textile production so. the first few very important steps have been taken. the investment conditions are right. this stable government and growing economy have prompted great interest from european and german companies to forge new cooperations here. so to have the low wages employees here are paid a base salary of one hundred euros per month additional pay is based on their i push as labor costs and more stoppage locations rise countries like ghana are attracting the attention of international investors for the country's youthful population it's a chance to get their foot in the door. this is very. very very important because we have. a very high unemployment in this country and so having this part she. says it's good but setting up shop in the

country isn't always plain sailing business leaders list high interest rates and difficulty accessing capital are some of the main stumbling blocks. he joins us now from. hope for an economic boom for africa for decades this is now finally happening. well it's not currently happening but it appears that foundations i've been late to hop in we've seen many off guard countries trying to move into the manufacturing sector for example ghana is trying to do exactly that and that's how come we have a lot of kompany is coming in from euro especially in germany to hold the government of this in ghana us government already has a plan of one district one factory which is just to ensure that the manufacturing sector are thriving so that we can have enough jobs for young people and then

obviously the day economy booms. in your report we've just seen an african company that's exporting to germany the u.s. the central text home and in fact current in asia. from places like bangladesh to africa is actually because ghana used to be a country that really dominates in the textile industry then we had issues with. piracy coming in where pirated textiles are coming in from china and so ghana gannets industry really struggled but we have beginning to see a revival of that's where the incoming of some content is from europe and the government obviously giving them the incentive to come in and establish because we have that base yeah and the raw material is also here in ghana it's full for this to happen and so yes it is one critical area put a lot of young people back to jobs because many of them are unemployed and with

their schools in this sector obviously we should have africa. in the coming years. briefly if you can unemployment maybe the growing problem populations could be a problem briefly if you. yes it is an issue that. few. all right over for it we lost the line has gone down the apologize for that. growth in many african countries is solidly in the green the international monetary fund is warning of a possible economic storm has global growth undershoot expectations speaking at the world government summit in dubai chief christine legarde said the world economy was growing more slowly than anticipated god decided trade tensions and tariff

escalations and uncertainty over breaks it and the slowdown of the chinese economy as reasons for the current weakness last month the i.m.f. lowered its global economic growth forecast for this year from three point seven percent to three point five. billion our financial correspondent in frankfurt only trade tensions were of course on the i.m.f. list of warnings negotiations between the u.s. and china restarting this week today actually how much hope is there that both sides can actually strike a deal before the march one deadline runs out. i think there's still hope and i think there's still a lot of hope the markets all over the world. were hoping for that and you can see it by moderately positive outcomes and it's also in other quarters that you see some optimism because there's just so much at stake for both sides with the president in the united states he's looking at the markets which had been in

turmoil and part of that was of course revised outlooks over tensions and trade and he wants to keep the markets up it's his market he's said once and also there's musings of a possible recession in the united states in the year two thousand and twenty next year election time for the president and many others of course and for the chinese their growth has been downgraded to and there's so much at stake also in terms of political stability in that country so there is hope and i think the deadline march first if there's so much invested in talks now it's always possible that there can be another deadline of trump and she and china are really interested in talking about political stability there the i.m.f. also pointed to growing problems in europe of apart from break said what are those . well when you look at germany growth has been downgraded their friends president mccrone has a lot of trouble with sheila shown the yellow vests and with resistance severe

resistance to his reform plans and just now at the meeting of the euro finance ministers the slovakian finance minister was criticizing italy and warning them it is of the highest importance that you get your finances in order because of all the risk of something that was reiterated also by the e.u. . vice president on brusque is because there is otherwise perhaps going to be a lack of confidence in that country's financial stability so there are other countries in europe as well with. problems. in advance then fine thank you for this notice. was there in europe in the look of britain where prime minister tourism a has rejected the idea of creating a new customs union with european union foreign coldwater one hopes from some that she could shift her brags of policy to win over the opposition labor party the idea

of a customs union that would keep trade easements in place even after britain's withdrawal from the you had earlier also been proposed by a group of leaving germany economists. these signatures offer a little bit of security in stormy times or so it's hoped a new trade pact between britain and switzerland will define their post break that relationship that's important because until now trade between the two economies has been governed by e.u. rules the new contract says the relationship will remain the same even if britain leaves the e.u. without a deal a welcome status quo in times where brags it is just one of several sources of uncertainty. interconnected global economy if the chinese economy can slows down with a seven point six percent drop in chinese imports in q four of twenty eighteen it's likely to have an impact on the major exporting western economies we see not for example in the don't greeting of german growth projected for the next year so the

idea that the brics it is the only factor affecting the global economy is. is just to miss the point economists and business leaders are in fact quite alarmed the economic climate that is the state of the economy in their eyes is the worst it's been in seven years that according to a survey of experts from more than one hundred twenty countries the fear is that consumers will rein in their spending and that companies would therefore invest less world trade would suffer not the best time for braggs it. a study by germany's live in its institute for economic research warns that in no deal brags it would in danger one hundred thousand german jobs especially car manufacturing france could see fifty thousand jobs disappear even more in china globally about six hundred thousand jobs are considered to be at stake. the consequences for the u.k. are also coming into focus a study by the london school of economics shows that many british firms have

already shifted operations to the e.u. british investment the block has risen twelve percent since the brags that referendum in two thousand and sixteen a rise of some ten billion euros. trade talks back on the way between the u.s. and china if being a boost syrup european stocks today u.s. deputy trade representative geoffrey garish is in beijing for discussions with chinese officials these will pave the way for more high level talks later in the week both sides hope to secure a trade agreement ahead of the march first deadline that's when u.s. tariffs on two hundred billion dollars worth of chinese imports are set to climb from ten to twenty five percent increasing tensions between the u.s. and china already cost both countries billions of dollars you have to. trade globally. australia has signed a production contract with french ship group for a fleet of twelve new submarines worth more than thirty five billion dollars this

after a two year wrangle over all the world's most lucrative military contracts signed in prime minister scott morrison and french defense secretary flossy signed the deal australia selected the french builder in twenty sixteen oval office from japan and germany fund of contracts were delayed amid cost blogs and production delays as plainly as twelve new submarines are central. it's found its military to put. it's from changing interests in the asia pacific which is. that so africa is op ed for more. website that's full w dot com slash business thank you for. this book check global supply.

france's yellow rebellion the movement against mccall. it was about a boil over it's something else this is really dangerous. below this movement has france and leadership on the defensive. what happens when so many citizens geopolitically.

sixty minutes long. takes to personally un with all the wonderful stories that make the game so special. for all true fans. because more than football long line. this is news africa coming up in the next fifteen minutes the african union twenty nineteen is the. africa home to. take. power. and news is on the rise in the run up to the election in nigeria will meet the people talk with facts from fiction.