news coming up next how gold fever in ghana is damaging the environment all that more coming up on the eve of your business news with monica jones i'm sorry kelly in berlin thank you so much for watching africa to. my 1st vice like moses sewing machine. where i come from women are owned by the social influence in something as simple as learning how to write them by side isn't . since i was a little girl i wanted to have both buys a lot of my home but it took me mr going to buy it. finally they gave up and went on by me and i say that but returns because sewing machine sewing i suppose was more appropriate for goes than writing advice as knowledge i was

a. woman back home where bones by their duties and social norms and informed them hold the basic rights my name is the about of the home and they were due to. the. if you know p.r. gets ready to privatized its telecoms sector out of some 49 percent of ethiope telecom are up for grabs as the government in addis ababa aims to attract foreign investment and rebuilt the economy. also coming up how the world's gold fever is forcing africa we look at the damage to the environment in the public health in ghana. welcome to do business in africa. i want to get jones in berlin good to

have you with us and we started with ethiopia a state owned telecoms company which today announced its security net profit of over 1000000000 euros in the year to july and that is good news also for if the opium prime minister made he plans to privatized a swathe of industries and allow foreign and private investors into key state owned companies it's part of a strategy to attract new players to the state controlled economy including its telecom market now the government has announced to sell out to 49 percent stake in ethiope telecom to private firms it will also give telecom licenses to 2 private telecom operators with about 100000000 people ethiopia is the 2nd most populous nation in africa after nigeria and it is the fastest growing economy in the region easier telecom today reports that its customer base has grown to more than 43000000

users so a big market there how attractive is it to investors and what does the if european government hope to achieve by privatizing so much or for more i'm joined by. editor in chief of the standard magazine good to have you with us on the program so please tell me why is the government keen on selling such a fairly profitable company such as if you know telecom. well the government has a habit and plan suits when you're a goal that if your teleport would be one of the 5 steps trent is for privatization passion privatization i should say so it's according to the plan of privatizing some of the state owned big companies. it is appropriate the profits of a company has a mission to earlier but we have to take into consideration that if you can population are aquinas 100000000 expected to be prompted by an exterior census so

you see it in telecom high as 43000000 customers spend this is that even half of the country's population and it would be far beyond its own capacity to reach out to these 100000000 birds in population right so why then sell only 41 percent of the mall. that's a good question the government still would like to because it's their economy policy they say so far is a definite mental state policy which are allows the government to control the majority share of some of the big corporations and i don't think there they have made so much of a move out of this devil of mentality of policy and they would like to still keep the majority share in this case 51 person and even telecoms case so that allows the government to still remain a woman in business and the aim according to the government is to make sure that the country's poorest get access to the technical service by having you know

a subsidized service from the government so they would like to still keep that the majority share that's a dollar a just a couple of days ago we were ported about an interesting story that more than 20 african countries struggle with internet blackouts restrictions internet access usually ordered by the government now those blackouts are of course a big problem for business but they're also tricky for telecoms companies who are accused of being complicit to those blackouts could that be a problem for telecoms and its business well the evaluation is being done and the result is not out yet i'm sure companies you know international companies that are looking into investing in telecom in ethiopia are obviously looking into those details as well but we don't know what the result is going to be the government is saying it's evaluation is a still ongoing but given the interests that some of the big telecom companies are short it may not be so much of a hindrance the interest of course comes in the loss of revenue to the government

it's an anti-business community and if you don't like to keep that one. you know out of the. equation in the future right what's it out eliminator and chief of the artist on that magazine thank you so much for your insights. as a safe haven in times of market volatility gold never loses its appeal luck is a country that strikes gold and donna is one of the world's major gold exporting nations but as miners go for gold they are poisoning reverse farmland and themselves. makeshift gold mines like this one has made many young canadian men richer than their wildest dreams. they are also destroying their lives often the damage only becomes apparent when it's too late. many of the miners handle mercury with their bare hands

the metallic element is used to extract gold from sediments. but it's highly toxic poisoning every tissue it touches. it causes lung damage kidney failure tremors and paralysis in many cases exposure leads to death the symptoms are often misdiagnosed as tuberculosis. the turn of bored ga in western ghana has a population of around $5000.00 since 20081 of rights and gold prices led to a surge an unregulated mining dozens of young men have been dying each month no one believed mercury was to play in. we did know and used to suck the mercury into our mouth and throat so that we could get the gold when she all the guys working with mercury got sick when they got sick we didn't think it was the

mercury the brought about the illnesses we had put into our minds that we had committed a sin against the gods. and there michael. back in april the reuters news agency spoke to this man who developed lung problems after being exposed to talk them while mining here's what he had to say. so if there's someone out there if you're a young man today and you want to get into wildcat gold mining i say to you you have to be careful of the dust. look at me now this isn't what i used to look like . a few weeks after the interview he died leaving behind his wife children and the house that gold helped him build the world bank is ramping up efforts committing see $100000000.00 in assistance for the ebola response in the democratic republic of the congo the aid package includes

grants and credits to be used in the fight against the deadly virus of the funds are only half of the amount needed a state in the country's ebola response plan while health organization says they have been over 1500 a bone of related deaths since last august. u.s. aerospace company boeing lost nearly $3000000000.00 in the 2nd quarter of this year its biggest quarterly loss the world's largest plane make it was badly hit by the grounding of its best selling $77.00 max aircraft following 2 deadly crashes. boeing is grappling with one of its worst ever crises in the same quarter last year the chicago based plane maker made over $2000000000.00 profit since then 2 of the company's best selling 737 max model have crushed one in ethiopia and one in indonesia all 346 people on board the 2 were craft were killed crash investigators have blamed flight control software for both disasters that pushed the nose of the

plane's downward the model remains grounded. boeing posted a financial loss of $2940000000.00 in the june quarter with sales sliding a hefty turkey 5 percent to $15750000000.00 the aerospace giant delivered just 90 jetliners during the 3 month period. the 2nd quarter loss included a $5000000000.00 reserve to cover costs linked to the prolonged grounding of the 737 max it includes compensation boeing will have to pay to its airline customers for delayed deliveries many airlines such as ethiopian airlines are now turning to rival airbus. adding to its problems boeing has also had to push back the maiden flight of the triple 7 x. the new long haul wide body plane because of problems with the general electric engine. the company is working frantically to update it 737 mark software to get

the plane back in the air however it admits it doesn't know when it will fly again investors are rattled. ratings agencies moody's and fitch have cut boeing's investment outlook to negative as a result of the crisis. ecological organic sustainable all bus words you need today to sell a product to an increasingly environmentally away a market just wertz well one of the oldest botanical institutions in the world is opening a laboratory to test those claims and hold manufacturers to account. gardens in london home to one of the most vibrant botanical collections in the world and now the site develop archery set up to find out which companies are faking and legions to the natural world the aim is to capitalize on huge knowledge of plants to authenticate or d. bunk the claims made on packaging. has it been prepared in the correct way is

there enough material to justify any form of claim those are the types of things the challenges that the digital much supplementary companies are facing when you basically have these speak our boys that are supplying with that we could take a common shampoo ingredient like coconut for example big companies tend to bulk buy it in a processed form they often don't have the expertise or desire to conduct their own chemical tests not so it to hear the ingredients are tested using a machine called a mass spectrometer it's similar to the kind used to test out fleets for doping. so far the scientists to the valuated food drink diaries fragrances and so-called traditional medicines the results have not yet been revealed but the hope is that they'll plant a seed for better regulation in the future. singapore says it has ceased nearly 9

tons of elephant ivories said to be worth almost 12000000 euros conservation groups say the city state is a transit top for the illegal wildlife trade authorities say the elephant ivory came from $300.00 african elephants it's the largest amount of ivory seized and singapore to date a hall which also included pangolin scales was declared as part of a timber shipment on its way to vietnam from the democratic republic of the congo. and that is a business in africa here on the w for me and the team and as always thanks for keeping us company. to.

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a team of british researchers who took a more optimistic view. the world. when it was. really getting better. $3000.00 special report. on. this is africa coming up in the next 15 minutes the long road back to somalia women who've left kenya as dadaab refugee camps to return to their homeland as well struggling to rebuild their not. and the sandwich generation we meet a young nigerian who says he has little left for himself after deducting financial parents from meet the income a story of familia to africans. whose you know black families like the.