so as a reason to build stronger bridges between the two communities. and i up to date with the latest headlines thank you so much for spending this part of your day with us on the rock n roll and i'll be back with more news at the top of the hour up next business news africa which now tamala. sex make. raring to. go if there is any erotic reading between them you'd have to find it between the wife's. literature. on the streets.

to get your romantic channel. going to write a story. with exclusive. must seem. to be curious minds. do it yourself network or. subscribe to. the. china silk road paved with good intentions given its reach spanning europe and africa one would hope so but critics the cry what they call china that trap diplomacy the second delegate road initiative forum is underway in beijing and the world is watching. also on the show hundreds of tons of illegally mind the

gold are smuggled out of africa and will eat countries of urgently needed revenue. welcome to business i'm joined now the milan berlin thanks for joining us a higher level belt and road summit kicked off in beijing today political leaders and business representatives from some forty countries including many from africa as well as russia and germany are on hand to learn more about china's reimagining of the silk road one of the routes will run through central asia and moscow and moscow to rotterdam there'll be roads and railways as well as power stations telecommunications that works and a pipeline the maritime silk road welcome back china with europe africa and southeast asia with china already investing billions into infrastructure projects along the way but critics warn that president she's a pet project plunges partners into debt while giving china more power.

the new silk road is president he's foreign policy baby to ensure his new economic superhighway to the world succeeds china is providing international delegates a warm welcome three. to smooth over any potential rough spots you know. we should strengthen debt and risk management we should objective fully and fully understand debt problems of developing countries but me the belton road initiative presents a gigantic opportunity triggering development in structurally weak regions the economic potential has sparked massive international interest in the project. the z. is also a very important opportunity of the phone to discuss. the belton's will be initiatives going on in the hands. of a strong impact in. economies and societies of the country that this its.

critics on the other hand say it's a double edged sword calling it a chinese death trap with the goal of granting beijing leverage over economically weaker countries these are the doubts the people's republic is seeking to allay while also focusing on the economic benefits of the multi-trillion dollar endeavor . now africa actually wasn't part of the original belton road plan proposed in two thousand and thirteen but since then it's become a pivotal part of the project there too however are concerns about ballooning that let's zoom in on the three examples to ethiopia first it already owes the chinese government well over seven billion dollars to put that into perspective that's over ten percent of its entire economic output kenya beijing more than four billion dollars almost six percent of its g.d.p.

and in north africa egypt that to china amounts to nearly four point eight billion dollars that figure takes a smaller dent out of the country's total economic output at just one point four percent now here to provide some context is say dollar editor in chief of standard magazine she divides her time between addis ababa and frankfurt from where she joined us she joins us good to see said alex now how would you assess the ability of african debt or countries to repay their loans that's the hard to at the concerns over the belt and road initiatives. i think there are some genuine concerns also china and kids are insisting that it's not pushing african countries into. current crisis of debt crisis there are some serious concerns in countries for example i'm bored out of jones i think the highest amount of debt to china at about forty us started affright correct from what i've read this

afternoon. so there is that concern and more countries are turning into china that would be even more concerned to their ability to to pay back because if you see the economic structure of most of these african countries it remains the same in the case of my country it remains the same people economic structure that we go if it had for the past few years so that paying back the dates is a genuine concern and i think it's something that they should take into serious consideration most african countries. now if it all if you look at if an interesting example just yesterday the government announced that beijing has forgiven interest on belton road loans the country through the end of twenty eight now what does that china want in return. well many people are asking what china wants in return because

you know many people are convinced that there is no going to be such a thing like chinese peak. and there are reports in other african countries and so in my country it's not confirmed that china is insisting in you know getting concessions on natural resources for example. so yes it's not going to come it's not a free lunch obviously and most of the day that ethiopia owes to try and i think more than fifty percent of the at this point share no one so you know there's definitely going to be a payback but one of the most frustrating thing about chinese debts in africa is that the lack of transparency and the lack of clarity we obviously we don't know how much we owe to to china right now what circumstances yours have provided you know soft loans or a commission knows most of the deeds i done under the carpet so it's very difficult

to trace what is exactly the try looking for want in return to it is cancellations of debts or a restructuring of its debts to here been other african countries thank you for dollar and i'm up there for us he's the editor in chief of ad a standard magazine thanks. billions of dollars worth of gold is being smuggled out of africa every year through the united arab emirates in the middle east a gateway to markets in europe the united states and beyond african governments such as ghana tanzania and zambia complain that gold is now being illegally produced and smuggled out of their countries on a vast scale sometimes by criminal operations and often at a high human and viral mental cost. a gold trader in guyana shows off his wares this gold is headed for market in dubai it was almost certainly mined illegally and will more than likely never feature in official export records around four hundred fifty tons of illegal african gold found its way out of the dubai market in two

thousand and sixteen that means no taxes are being paid to the states that produce the gold depriving already poor countries a vital revenue from the natural resources of the miners some of them children work in dangerous conditions to feed the world's hunger for the yellow metal and for the . particles if that is. why i started school when i was young but it got to a point where my parents couldn't handle my jewish and. you know like in school some of my friends they were into small scale mining. and because i didn't have any supports to further my education i decided to join my friends and go into gold mining groups to. what i mean more skilled mining to. illicit gold mining provides a livelihood to millions of africans and it's helped some make more money than they

could dream of from traditional trades. like the. rust is one of those who's done well out of it and he set himself up in business. i mean . this bar is the product of my hard work you know when we get the gold we take it to the town of talk walk because that's where our buyers are located gold has value even with a small sample you can get a lot of money to take care of your family. but rust is one of the lucky ones accidents are frequent and many illegal minus are killed on the job every year . to more business news from around the world if you open airlines and line air crashes have seen the boeing seven three seven max grounded around the world that's also had a knock on effect for airlines norwegian air is one of them and says its plan to return to profitability profitability is in doubt due to eighteen of its planes

being grounded the budget airline says that it will cost it up to fifty two million euros the region now has to pay to these other aircraft to fill the gap as the peaks even nears. some of the world's largest companies say about clancy grant equal marriage to elegy v tietz less couples in taiwan the first place in asia to do so well boost the island's economy taiwan's parliament is expected to vote by late may at that line set by the constitutional court when it ruled in twenty seventeen that same sex couples could legally wed. economists say the benefits of same sex marriage include increased productivity greater neighborhood delivery and less stress in the workplace over perceived discrimination companies as they first as google air b.n. b. deutsche bank a wide master card and microsoft have joined forces with nine other companies including taiwan based oban to support l.g. bt plus marriage equality and therefore we let you go as the major business news

out of germany merger talks between the countries number one and two banks in comments banks have collapsed it would have created germany's biggest financial institution but it seems the operation would have been too costly and complex. berlin wanted it to happen but that wasn't enough to unites the two german giants but yes deutsche bank said right from the beginning we would only go into these this richer if it makes economic sense if it is beneficial for shareholders and for the stakeholders this was not given here after a very deep conversations and talks with comments but we came to the conclusion if we put chances and wrist against each other that we should stop talks about this merger know the government hopes of the two banks combining to raise a powerful national champion for germany's finance sector the proven out of reach bank and comet's bank have concluded the benefits would be outweighed by the risks

the restructuring costs and the capital requirements they've both struggled since the global financial crisis with the german state still owning more than fifteen percent of comments bank the argument for merging was that it would cut costs for the pair and the taxpayer but opponents argued combining two troubled banks would just create one larger troubled bank after a month and a half of talks those troubles haven't gone away now they'll have to get to work to find separate solutions. and that fit for me on the business team here in berlin for more business news and features check out www dot com slash business or follow us on facebook and twitter thank you so much for watching.

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by. the time. the shows and the force to. come to teaching the next generation took such. channels available to people. and were determined to build something here for the next generation. series of global three thousand. six. this is news africa coming up in the next fifteen minutes on world malaria day we got on that and kenya are administrating the only licensed vaccines to protect against the mosquitoes freight disease we have a report from ghana luminary it kills three children every day. we'll also get a report from mozambique played by narrate fiction's picking up the aftermath of

the last month's deadly psycho.