about your father and the situation in the country and. a quick reminder now the top stories we're following for you here on news turkey's incursion into northern syria is being discussed at a needing a nato defense ministers the move has drawn condemnation from many nato allies who say it could reverse gains made against the so-called islamic state extremist. i'm sorry kelly thanks for watching. it's all happening to children. during link to news from

africa and the world. your link to it simply stories and descriptions anyone will come to student news after coming to program tonight from born in germany from the use of easy to our website d w dot com smash africa join our songs reach for t.w. africa. blackout after blackout south africa's utility eskom can't get its act together will the fresh $4000000000.00 in jackson of taxpayer cash put an end to outages an accident coal fired plants. and defeat the end of an era as mario draghi hence the helm of the european central bank to christine lagarde is hailed as the savior of the euro by some but many are saying is he's leaving behind a weak currency they're born survive the next crisis this is business africa on the

health as well. south africa's government is forking out the equivalent of another $4000000000.00 u.s. dollars to save the country's oldest and largest power company it's come from financial disaster funds are intended to help pay off its enormous debt burden currently valued it well over $30000000000.00 some so large that goldman sachs now describes the state own entity as the single biggest risk to the country's economy so what's gone wrong it's a show on a lot outdated infrastructure corruption and mismanagement as well as rising costs left the company unable to meet soaring demand an over reliance on coal is another problem the result has been an ever increasing number of large scale blackouts straining the economy further angering south africans the most recent of them just happened last week up in the pressure on south african president

a sarong opposer to take decisive action to find a solution to the crisis at the company now to find out more about how eskom with his comms woes are going down in south africa joined by alice fungo then johannesburg alice this is not the 1st time you and i are talking about eskom why is this crisis not going away. and probably lost them as well i'm afraid because the problems are just too big and too many you mention already as some of us also mismanagement there scription and as you said as well that there is lack of infrastructure and very old infrastructure and then the infrastructure that has been built that's also one of the meijer problems that africa builds to up to kind of biggest cool fire to generating plants in the world and basically not functioning well and that wasn't the reason for the last last blackouts that we have here a policy week and basically that the sign is wrong and

a logistics is not going well and the reason i was that someone to convey the bells to transport a call to electricity kronstadt were not working trucks needed to do the work and well that's just one reason in the long list of things that are not going off as governance is not happening. another $4000000000.00 us dollars worth of taxpayer money to south african say is that money well spent but of course i'm not happy with the situation at esko but they do want the lights on and mainly small businesses are parked here of course when there is no chang small businesses that don't have the money to have generators i mean they use clients they conquered use the concept payments so they want the lights on and i think that south africa is more worried by price increases we've already seen a couple of folk price increases of electricity this year and ask them has said to keep on going you have to have more price increases in future and i think that hits

people more directly in that pocket so that's what i'm worried about that her would does this come saga have the potential to at some stage great post back. but i think it will break him but people do want to see some decisive that from him in february he actually said that they were going to restructure eskom that rhythm soon to meet 3 divisions well one that generating of the electricity one division at it does the transmission and another that does the distribution and the reason for that you said is that that way you can have more transparency to have more efficiency and also competitiveness so that should be good for the company but so far almost at the end of the year we haven't heard anything about that and also. there is an acting c.e.o. what in july. c.e.o. resigned he said the job was too namang you can imagine with all these problems so

there has not been any c.e.o. ever since an acting c.e.o. so minister of finance it said this week that they are actually looking for somebody and that somebody come and go are so that africa really hopes that the yet they don't mind this to continue and they really need somebody good feeling that company because it's not such an equal it's hard to see how it's going to get out else fungal or thank you very much. counseling is on the way in botswana's elections and it's going to be a nail biter that's won a seen as a big can of stability and democracy across southern africa the diamond rich country is facing serious economic challenges one of those is high unemployment which official numbers pegged 70 percent but opposition parties believe it is much higher economists say the challenge for the new government will be to move from diamond led growth to diversify the exports. the ballots have been cast

the counting already underway this is set to be the tightest election botswana has seen since gaining independence from britain in 1966. the country's current president sisi who is b. d p party has been in power for 53 years campaigned on the promise to transform the country's economy. with only part of a stroke in the knowledge economy we're the only party that's a mortgage of policies and programs to migrate in that direction we're digitizing and here's why it calls for economic diversification are growing across the board but one is rich in minerals and natural resources but critics say that the solid growth of the past few years has relied too heavily on the highly volatile diamond industry now the limits of that model are becoming apparent projections for this year suggest that while growth will remain solid it will fail to keep pace with lost the biggest challenge by far to the ruling comes from this man to mup

oco who leads the opposition umbrella for democratic change or u d c he accuses the government of quote terminal passivity. known as a beacon of stability and lauded for its tourism attracting wildlife complacency could indeed be the biggest threat to botswana as economy. the country's grown relatively rich from diamonds but an unpredictable markets along with high inequality and low job creation have taken away their sparkle. for some good news on the topic of time african trade the continent's tourist industry more from a local tourist than from foreigners the world's travel and tourism council says domestic holidaymakers contributes 56 percent of africa's tourism revenue the continent's growing middle class travels more often now as incomes rise in some

countries and better roads and low cost airlines make it easier to get around. some of the other global business stories making headlines today russia africa summit egypt and ethiopia agreed to restart technical talks on ethiopia's nile river dam project the 2 parties have been at loggerheads egypt is downstream from the dam and relies almost completely on the free flowing water russia's president vladimir putin has also spoken with the 2 sides but it's not clear if they accepted his mediation. garbage is piling up in greece after collectors went on strike against plans to outsource public services fearing job losses they've protested outside parliament raft of labor labor reforms for debate greece's exited its 3rd bailout program a year ago but is still supervised by foreign lenders who want more labor market facilities. after 8 years at the helm of the european central bank

president mario draghi has held his final policy meeting today is handing over the reins to former chief christine lagarde later this year is famous 2012 statement whatever it takes to preserve the euro at the height of the currency zones financial crisis will go down in history fall is the drug. behind the divided governing council last month 3rd of its members opposed his move to restart quantitative easing that's printing money to buy bonds from governments and companies as a way of stabilizing the eurozone in his final press conference that ended just minutes ago he was asked by a reporter what kind of advice he has for his successor christine lagarde here's what he had to say you know what bias is the she knows perfectly well what she has to do and by the way she has a long period of time ahead you know we should have to floor of her own view to get

that with a go in council about what to do but the stop here really. so it's very and shells are dilana financial correspondent in a frank 1st who is listening to this full statement he leaves an empty arsenal that for his successor christine lagarde kemi expected change of direction from. christine legarde and all of her public statements so far has sort of mirrored drive east policy she said this sort of highly accommodative policy is warranted if you look at the european economy at the same time there are sort of these of these bigger questions of what 'd does christine legarde have at her disposal now you know mario draghi has really taken monetary policy to the edge of what's possible and there's a there are definite questions about that there are a lot of discussions about things like raising the limit of bonds that. the e.c.b.

could by cutting rates even lower but even in the press conference today mario draghi was sort of discussing how there's a diminishing return as you get lower and lower and policy here she's also going to focus much like druggy has on the capacity for fiscal easing or for fiscal policy and countries like germany we've heard her speak about that many times. over there in front foods in the financials so what's the overall verdict about the drug use to india. it's certainly a mixed mixed assessment here as you sort of mentioned he's widely credited with saving the euro 1st sort of bringing the european project back from the thing brink of collapse he's mentioned making creating 11000000 jobs over the course of these 8 years of the same time has has he met his mandate i think most people would agree no the e.c.b.

still has not been able to reach 2 percent inflation there's a lot of concern about the negative side effects of these policies as well shows a dilemma thank you very much. well that's from me and the business team here and for more business news background stories check out our website that's 50 w. dot com slash business and also follow us all social media we're on facebook and on twitter stay tuned to d.w. news africa is next right after this quick look at global markets at this hour thanks watch.

after the fall of the berlin november night w. . here france dear antonio duces seen here when your mother was born in 1969 the world was already 8 years old you know my grandchildren were born after

the wall fell morning in the final. 3 generations one family on a journey through recent german history. starts number 6 w. . this is africa coming up in the next 15 minutes a take not a jeep making the world safer kenya is juliana wrote it has been awarded the 2019 german africa prize she's also the founder of the biggest public while i provide the in sub-saharan africa but in hope would seem. collaborator i guess problems.