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tv   Business  Deutsche Welle  October 23, 2019 8:15pm-8:31pm CEST

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lee in berlin from all of us here at news thank you so much for joining us have a great day. earth. home to moods of species. go home or sing to. get those are big changes and most start with small steps. tell stories of creative people and innovative projects around the world. news that could turn the good news to good use of missions and resources which. could interactive content teaching the next generation that took such action. news
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channels available to school people to change connection and were determined to do something here for the next generation globally as the environment series of global 3000 on t.w. and online. brush ups won't leave africa to china is pushing for close of business ties with african countries and more geopolitical sway. is hosting the 1st russian africa summit as he seeks crisis influence on the continent for the west and china already have a thumb photo. also on the show closely profits are down by all the hop as investigators and didn't in the news of blame design flaws in the company's 7 street. max modeled
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for the fatal lion there. this is business africa on the w.r. as well come it's a premier aimed at making a big impact hosted by russian president vladimir putin african leaders have gathered in the russian resort town of sochi today for the 1st ever russia africa something it's russia's attempt to jumpstart relations with the continent 3 decades after the fall of the soviet union which then was a major player in africa. russia does not want to stand aside while other powers like the e.u. china and india strategically increase their influence and investment on the continent putin has big plans in africa especially with regards to the continent's rich mineral resources and arms deals let's have a look at selected activities of russian companies in africa there is energy multinational lukoil that is involved in a natural gas development project in the republic of congo in sudan and the central
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african republic a close ally of president putin has secured licenses for mining gold in guinea russian element in producer roussel is digging up bauxite and in zimbabwe russia plans once to dig for platinum until now russia's trade with africa was quite muted last year exports to and imports from the entire continent well valued at only $20000000000.00 u.s. dollars in comparison china's trade volume was 10 times as much africa's largest largest trading partner though during that time was the e.u. with nearly $340000000000.00 of total trade russian officials have said that in the medium term they want to triple trade with african countries might be helpful that russia is still seen as a partner without heavy colonial baggage. our reporter went to the central african republic on the poorest countries in the world to find out more about russia's new
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activities on the continent. russia's colors were on display at this new sporting event in the central african republic i like kids from the capital gang he seemed to be enjoying themselves a good sign for the figures and sunglasses and the background russia has set out to win hearts and africa. this woman says she loves russia for organizing the event not the. russian money was also spent on a beauty contest that crowned miss central africa the official sponsor at events like these is a radio station that promotes russian african ties ratty old language song. so what's it like at a broadcaster that advertises for moscow. we don't get an answer to that question at its headquarters in a suburb of bondi but we do get to view an animated clip aimed at showing russians friendly feelings in the words of the country's children it was paid for by law by
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invest a company with ties to russian president vladimir putin a firm that was named for a region known for its diamonds the central african republic government has granted low by invest a lot of mining rights here in the country wants to look for the precious stones more efficiently whether with russia or other partners. because all of you could literally move president has said that we are open to anyone who wants to cooperate in public private partnerships with to exploit these valuable resources really the people. this is the minister at the russian embassy he's with valid he's not of a security advisor to the african countries president and like all of us seen as a man with power behind the scenes who's helped train it's arming. russians canel view that army on state television. 6 thought you get only a fraction of the trainers or officers from the russian army most of the rest
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reportedly work for a private russian security firm for the opposition here that's unacceptable you don't have to work with us corp we're working with mercenaries in our constitution it is forbidden that's why we are against kind of for asian so what's behind russia's new solidarity with central africa how much is about mercenary services or weapons paid for with diamonds observers say russia is simply using private business interests to help secure national interests on the continent but it's still early days in the political struggle for africa. i'm now joined in the studio here on that should be our colleague who has looked a little deeper into that story and from harare zimbabwe correspondent privilege was been here he joins us as well let's start with you should want to kemah russia actually compete with china as a champion africa african business and doesn't even want to compete well it
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probably cannot compete with china because it just doesn't have the deep pockets to do so it's far behind when we look at china we're talking about the belt and rolled initiative huge projects of infrastructure across the continent rolled well ways airports and ports build in several countries so it's going to be a long stretch and of course as we speak of china would also speak of tech giants like while way and trans the on who are also doing business on the continent are and are leading providers of tech equipment or gadgets you know africans. in our report we've we've had an example from the central african republic what is russia currently doing in zimbabwe. russia is currently interested in mining platinum if you years ago they signed a deal with the. government to mine platinum in what
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is called the great dyke which is the belt that is where most of the minerals in zimbabwe are located so they're doing it is estimated to be more than 3000000000 so they are mostly interested in mining this block now they say and they do but it didn't come through at the time but we have seen the love rough the foreign minister coming to zimbabwe trying to revive these dues so that's what they are mostly interested at the moment. is russia what's the feeling there is russia welcomed as it were being met with open arms or are people skeptical about their. if you look at the political level. the ruling party side is accepted because you find the. 2 months out of the political
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economic situation that zimbabwe is going through but. inside of the accusations of. middling into the electoral affairs of zimbabwe if you look at the 2018 elections so the opposition is skeptical about russia's involvement in zimbabwe but. ruling party side they want russia to come and invest in zimbabwe in kids take the credit that russia has helped them to revive the economy we see is not performing well at the moment. and zooming out a bit from the whole continent is russia's strategy russia strategy oversleep realizing a kind of compete with the likes of china is to focus on sectors where it can do really well and those sectors would be defense energy and mining and that's why i like invested in zimbabwe the mining sector over there these are areas where it has
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realized that it can actually. come up with long term commitments from african governments mining because it has a huge mining industry itself and its nuclear technologies can also be exported to africa hopes in the future and of course defense for which it is the largest supplier of arms to african countries. in berlin and privilege was an eery in zimbabwe thank you very much. south africa's parliament has approved of $4000000000.00 bailout for embattled power company eskom the measure comes just a week after the country was hit by another set of blackouts eskom is one of the biggest energy companies in the world but in recent times it's been crippled by a massive debt and outdated infrastructure the government says the latest funds must be used to pay off debt and not to finance operations.
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boeing is suffering from the grounding of its best seller 737 profits talk a nosedive of 50 percent to $1200000000.00 in the last quarter the bad news keep on coming investigators in indonesia told relatives of the $186.00 victims today that the crash of the lion at jet just over a year ago was caused by a design flaws in the boeing jet families of the victims of the lion air disaster travelled to jakarta they were among the 1st to be told why the boeing 737 monks went down last october killing all 189 people on board. indonesian investigators told them that the aircraft type included design flaws in its m cas anti stall system and that incorrect sensor data caused the system to fly the aircraft into the ground details the victims' relatives struggled to grasp.
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and given up by passiveness with the result is out. that what happened has happened we just accept but whether i'm satisfied with the report no i'm not satisfied. because it feels like they're bullying common people like us. you don't understand . the complete report on the crash will be published on thursday it's expected to reveal a further catalogue of deficiencies surrounding the new m. cast system the u.s. plane maker is still struggling to cope with events recently emerged that the company's chief technical pilot had long ago complained about out of control software during 737 max simulator testing boeing only forwarded his comments last thursday in another development the company on tuesday ousted the chief of its crucial commercial airplanes division kevin mccallister. the aircraft itself is still grounded worldwide that's causing airlines around $100000.00 per aircraft per
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day in losses money they want back from boeing. the lion air crash combined with the loss of an ethiopian airlines 737 max which also killed everyone onboard make this the worst crisis in the company's history its effects will reverberate throughout the industry for years. and bats its from me the fun now for more business news and back on stories check out the w dot com slash business all web site also follow us on social media stay tuned to the business not of business but africa news on. the top of this. global box.
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into the conflict zone confronting the powerful. ethiopia has come a long way in a short time there's a new peace deal with eritrea a new prime minister apparently determined to bring accountability for the human rights abuses of the hall to my guest this week here in brussels this is free just haile mariam. conflict so for 60 minutes d.w. . coach of the african. surely screw
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africa. the link to a symphony stories and discussion from own uses easy to our website to dublin to come smoke free coffee join us on facebook. for girls. this is news africa coming up in the next 15 minutes the bay of returns to africa russia has its focus on the continent and the 1st is that russia africa summit is under way find out why so many african divas are keen on often a shift was lost. and needs to cindy and wall says that cameroonian couple making it impossible they say they're living the russian dream. to have caused a balance in the country's time to see they shouldn't.

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