those stories and more coming up again hard as first indeed your news africa and do remember this lots more news and information around the clock on our web site and still to come great to have you with us to say they do the indians. nico is in germany to learn german english but he could. why not learn with him d w z learning course because fake. you know that seventy seven percent. are younger than sixty five. that's me and. you know what time of course is. the seventy seven percent talk about the

issue. from politics to flash from housing to top this is where. welcome to the seventy seven percent. to six g.w. . it's a gold rush as uganda's mining industry is reporting record figures the people doing the actual work getting the precious metal out of the ground under difficult conditions now demand their share of the profits. also on the program gonna slashes import tariffs and its present as it tries to undercut the competition on the west african symbol. this is business africa on the dog younger out as well

come gold has fascinated people for thousands of years trans and sept were made from it at an early age the shiny metal is one of the rarest elements on earth and it's difficult to get out of the earth on average two hundred fifty tons of rock have to be moved to find one gram of it and experts are convinced that in the future fewer and fewer deposits will be found that can be exploited at a profit meanwhile the major gold mining companies are racing for the position of world market leader at the moment barrick gold from canada is ahead the number two is no more mining from the u.s. which is currently trying to take the lead by acquiring a canadian competitor goldcorp today the shareholders of both companies are voting on that gold mining is of course also an important industry in many african countries take uganda for example which is reported a sharp rise in gold exports from just ten million dollars in two thousand and eight to more than half a billion dollars last year but while the government is happy about the growth that

is yet to reflect on the people at the bottom end of the lucrative gold mining industry local miners say that pay is far too low this someone's what players. i remember to suspend at least eight hours a day trying to an eleven from mining gold in eastern ukraine and. to call an hour it is really tiresome as you can see going up and down inside and out of the cave oh boy. the process of mining gold involves a lot of manual labor from extracting rocks to crushing them into small pieces to filtering them by piling. and when they go it is phone want to see as they create violent of two dollars per gram extracted which she say's is not enough. stones cut our fingers by the time we get out of the cave but the pay is low the percentage is really small i would like the buyers have gone to increase the pain

of a. hundred more than two hundred thousand people in uganda irish committed to be or employed in a gold mining my. mind is at this level largely unregulated and so my legal. activists blame the government for not doing enough to sensitize the mining communities about six truck to industry to improve their chances of improving their livelihoods. they need to be open names they need to be from the names they need to be given access to mineral rights there's a lot of secrecy and just a taste very technical in that but an entreaty understand where you access information and even utilize the information. you got as more than six hundred registered gold mining companies and the government sees the country over five hundred fourteen million dollars from gorda exports last year the sum i do that

this figure could even be more. but because many of the miners like what you see i note included in government records on their mind a c b a welfare is too often ignored here. in south africa as the gold price has significantly dropped since the beginning of the year how has it affected the whole sector across africa. oh it has affected tremendously if you look a hoax on west africa at once was seen as a new kind of movement of new global from old exploration every seen less investment era so less exploration as well and also here in south africa which is the biggest pool wine producer off the consonance and it's an industry that was already struggling for south africa has other issues as well the mining industry high leverage prices higher prices for that through city mining needs to be done two to three not much is underground not south africa so it's really hard now for

mines to stay profitable mining workers in south africa do the have the same problems like the ones that we've seen in uganda yes no definitely definitely have same problems and that's why we have seen actually evolve labor strikes in inside africa over the years and it was actually a new mining charts are. instituted in south africa recently which is good for the miners because it actually does give them that some wages now but it's for for an industry as a whole it might actually mean job cuts because as i said it's already a startling industry so now they have to pay needs to be higher for a lot of my workers it's yeah it's more of a burden again on the mine so so overall it's really struggling industry here and in decline and the future is not to the very very problem is a drop in the gold price is that the main reason that so many mining companies are merging. you know definitely i think they're now feel the necessity

to to pool their resources in south africa has already talked about mergers as well and was even there kind of a big rumor here that cool fields and i shan't see. march and it didn't happen they say it's not going to happen and that's incorrect reporting but there is talk about it because i think everybody is seeing that strategy that they might need to adopt to move forward in a future of us and gather tomba thank you very much. now to some of the other business news making headlines around the world there's movement in merger talks between germany's two biggest lenders and come out as italy's uni credit says it would be interested in buying come out as well talian bank ready to make a multi-billion euro off in case talks between the two german banks failed it will

be the financial times all three banks have declined to comment on the reports. germany's largest drug maker by a has said it was hit by a cyber attack lasting for more than a year it believes the infectious software was planted by a chinese. bias as it has identified the affected systems and cleared them of the malware and doesn't think any data was lost. huge trove of data from facebook users though has been exposed online in a public database includes details like people's names the comments they've left and when they like but facebook stored on amazon cloud service apparently without any protection. the families of the victims of the recent ethiopian airlines crash plan to sue us plane maker boeing preliminary reports show a faulty design may be to blame for the crash victims' families lawyers say they

will file the suit in the united states boeing also faces possible lawsuits from airlines as well. gammas government is hopping duties for general imports and reducing them by thirty percent full cost reductions take effect today. to make its force more competitive in west africa faces competition from other ports and ivory coast. and the name of critics said the move could make a name for the arts less competitive on the home market we're going to go economy is projected to expand by seven percent this year. look into this a bit further let's bring in jim bello on the move that move really have gone on to become more competitive that well of course that's something that the god government is hoping the major issue of course even if they get more traffic to ghana is getting those goods across all of west africa and they are no good rail

links from the port of tema which is closed to other parts of west africa like calais goals which probably would lead to the biggest markets being nigeria and then of course the ivory coast in other places so that's the major issue getting those goods of course to those port is one thing but getting them across the whole region is another and that would be a major challenge so they need to have infrastructure leading from the port of tema to other parts of the region and they don't have that at this point the other side of this story is that imports are getting much cheaper what does it mean for locally produced goods over locally produced goods it's a major disadvantage ghana has only a manufacturing base of about that contributes about twenty five percent of its g.d.p. now don is also one of the world's largest top two producers if we look at that one product for instance gun is not one of the main producers of chocolate which needs cocoa it's not even one of the top ten and so you can imagine that you know exports of chocolate will now be much cheaper in ghana and been some people trying to

change that in ghana but they will have more trouble doing that in the future because obviously child. but might be cheaper coming in from other countries and producing it in their own country so will that rather be a bad move for the going to an economy it is potentially a bad move there is one issue that is problematic in a sense which experts are pointing to ghana just emerged from an i.m.f. bailout program which forced them to save money and they will be losing money by losing some of those import duties and that isn't a major issue the government is losing some money and they have to make up for it somehow so we'll have to see what happens. thank you very much for. all the books dealing with the future of humanity that little boy's dream seems to be getting increasingly realistic just the other week introduced its concept for flying taxi today another flying personal transport gizmo premiered in vienna

makers promise it will be ready for general release just. it may look like a giant children's toy but it's developer say this pilotless electric drone taxi could be the future of transportation it will shuttle passengers around the city minus the stress of traffic its first public flight with passengers aboard there's room in the flying taxi for two people with space for some luggage as well. there are several advantages first of all it's autonomous so it's designed and made for people you know who. doesn't have a piloting license who have no idea how to fly does the first thing the second day it's extremely safe but the drone taxi is an austrian chinese co-production chinese partner each hiring already has a few hundred orders for the aerial vehicles they could soon become a regular sight in europe. i think the picture is the infrastructure in the cities

of course but it's also the regulations. and how do we coordinate those for he copes with. traffic. civil aviation. by twenty twenty to sixteen air taxi should be ready for mass production they're likely to cost three hundred thousand euros apiece in china operational testing is already underway. however they're still not exactly quiet especially when taking off and landing a huge few cents for me. takes

it personally because i want to see people in stories that make me feel so special . was to end. up i am trying to. d.w. .

with. some special. this news that coming up in the next fifteen minutes ethiopian airlines always stood by its foreign and pilots off to the launch to a plane crash that killed all one hundred fifty seven i'm told now a preliminary report stating the crew followed procedure as a friend a case of the carry out. an aviation explosion in that.