mining companies are releasing two or corn on the go into market to do so actually dig it out of the ground on largely forgotten now they want to share of the things . that story and more coming up again first in business news africa and don't forget you can always get the latest news and information around the clock on the website dot com you can also follow us on twitter and on facebook for me i'm touching up by enough. sometimes books more exciting than real life. preparing to. call. what if there's no speak. list. plus treats. i was issued when i arrived here i slept with six

people in a room. it was hardest for. i even got white hair. in the german language and not often this gets me and critical but you need to interact let's say you want to their story muslims are fighting for a little information for margaret. it's a gold rush as uganda as mining industry is reporting record figures the people doing the actual blood getting the precious metal to all the ground on the difficult conditions now demand their share of the profits. also in the program gonna sloshes import tariffs and it's our cross seat as

a trustee of the cult the competition on the west african simple. business business africa. gold has fascinated people for thousands of years trials and septa's were made from it at an early age the shiny metal is one of the rarest elements on earth and as difficult to get out of the earth's 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 gold coal 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 miner say that pay is far too low. this is someone's what place i live in which is spain's at least eight hours a day trying to earn a living from mining goard any stand your ground. to call it is really tiresome as you can see going up and down inside and out of the cave. 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 the guard is forward what to see as they create violent of two dollars by graham 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 they. undergo more than two hundred thousand people in uganda irish committed to be are 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 older names they need to be from the names they need to be given access to mineral rights there's a lot of secrecy and jessica is very taking a course in that but an untreated understand where you access information and even utilize the information. you get as more than six hundred registered gold mining companies and the government sees the country over five hundred fourteen million

dollars from gord exposed last year the sum i do that this figure could even be more. but because many of the miners like much as i know to include it in government records in mind that say their welfare is too often ignored or that. john in south africa ellis 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 know for example west africa at once was seen as a new kind of new one of new global hopes for gold exploration seen less investment there 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

degree of prices higher prices for that kristie mining needs to be done two to three not much this 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 in new mining charts or. in student in south africa recently which is good for the miners because it actually does give them that some wages now but it's for the 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 talk about mergers as well as even a kind of a big rumor here that cool fields and ashanti gold which would march and in half a day 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 this threat strategy that they might need to adopt to move forward in a future of us will go all the time but thank you very much. and 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. 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 poles. germany's largest drug maker said it was hit by a cyber attack lasting for more than a year it believes the infectious software was planted by the chinese. by a says it has identified the affected systems and cleared them of the malware and doesn't think any data was lost. a 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 hit the like facebook stalk on alison cloud service apparently without any protection. families of the victims of the recent ethiopian airlines crash plan to sue u.s.

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 also faces possible lawsuits from airlines as well. god is government is harboring duties for general imports and reducing them by thirty percent for cause reductions take effect today. to make its course more competitive in west africa faces competition from other ports in ivory coast. and then the critics say the move could make demand for the arts less competitive on the whole market economy is projected to expand by seven percent this year. look into the spring and jim bello to move that move really have gone on to become more competitive that well of course that's something that the guy and then government

is hoping the major issue of course in 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 is 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 talked to producers if we look at that one product for instance don is not one of the main producers of chocolate which

needs cocoa florida one of the top ten and so you can imagine that you know exports of chocolate will now be much cheaper in ghana and there's been some people trying to change that in ghana but they will have more trouble doing that in the future because obviously chocolate. 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. emerge 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 the 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. but i grew up flying cars where 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 and 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 just doesn't have a piloting license who have no idea how to fly does the first thing the second day it's extremely safe. to drone taxis an austrian chinese co-production chinese partner in hiding already has a few hundred orders for the aerial vehicles they could soon become

a regular sight in europe. i think the big challenge is the infrastructure in the cities of course but it's also the regulations. the vehicle how do recertified and how do we coordinate those for he copes with the. traffic management like civil aviation. by twenty twenty the e hind to sixteen air taxi should be ready for mass production are 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 fire that's it for me. quadriga

international talk show for journalists to discuss the topic of. nato moxon seventieth anniversary we ask or future tense the military alliance out in the ages trying to conform to only small germany in the international security and defense arena. coming up in the country to join us. puerto rico

sixty minutes. people for information. want to express. your facebook and twitter hope today to touch. the for. this is news that coming up in the next fifteen minutes ethiopian airlines always stood by its foreign and pilot's ofter the macho plane crash that killed all one hundred fifty seven on board now a preliminary report stating the crew followed procedure has been a case of the carry out will be talking to an aviation expert. and to a country where rape victims over the age of eighteen are advised not to go to the

police we made the mauritanians living keeping up a five foot tall.