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tv   Business  Deutsche Welle  November 19, 2019 7:15pm-7:31pm CET

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so i will give you access to all the latest news from around the world as most push notifications for any breaking news. of next year on the tough need to do business with god help us with the compact with africa summit the host of it's about my german chancellor cannot pull world news of the. coming. to media attention of the famous naturalist and explorer. too soon will bring to comics on the front $250.00 in. morning on the for each of the discovery. expedition boys. don't. i'm not laughing at them well i guess sometimes i am but i stand up and whip that. thinks deep into jamma culture of looking at the stereotype question in here think
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the future of the country behind on time. p.s. needed seem ridiculous drama there to me it's all about a box i might show join me to meet the jetman from d.w. . post. 1000000000 euros were pledged last little as happened. today needs 20 african leaders in the berlin to revive the compact with africa. investment program to get german businesses involved on the continent. and how a german company trains its customers in ghana to get business moving. on the shoulder 12 miners have been killed in a gas explosion in a coal mine. china's shaanxi province devastating accidents like this this one are
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a recurring phenomena. as business africa on the. german chancellor angela merkel is hosting more than a dozen heads of state from across africa a high level investment conference here in berlin today the compact with africa set up by germany and 2017 to promote private investment and job opportunities on the continent in return for economic reforms in the last years summit 1000000000 euros were pledged for development investment fund but except for a few showcase projects little has happened and business leaders and investors women reluctant citing high wrists due to corruption in many countries. rwanda is one of africa's flagship economies last year bokes wagon opened a plant in the capital kigali to build electric cars creating hundreds of jobs to german carmaker wants to invest $20000000.00 in kigali it's a significant step for
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a wander. up the compact with africa summit in berlin chancellor angela merkel told leaders that africa had a key role to play in solving global problems but there needed to be more openness and trust. underneath the key we believe and i'm thoroughly convinced of this that more transparency will bring more investors to these countries because it's important for germans other g 20 investors as well as medium sized companies to have trust and transparency. is this god's going to be speech they want to know where the investment is going and under what conditions. do you thin the. it's a question of good governance but it's also about funding so far 12 countries are signed up to the initiative and they're hoping they will secure investment the compact actually will help with the government and all the stakeholders to
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implement reforms that will improve for the ease of doing business germany signed reform partnerships with senegal and ethiopia at the conference which should facilitate better private sector development with africa. africa's you can but all africa's youth needs a future and that means education and jobs to do this we need to scale of financing that the public sector cannot manage alone. and in a bid to come the german economy needs to grow there too but it's slow to adapt less than 2 percent of german companies are active in africa now let's bring in ed wood k. brown is the senior director of research and policy engagement at the african center for economic transformation and kindly joins us now from accra what do business leaders in ghana think about this program. well i think that 'd the maturity 'd. in this is the tip of the deformed business and
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looking forward to the compact the german government of the next i think was early this year the german business for we brought together the right private sector that titian us and principles and i think there's a good expectation. that the time is a days but but welcome in come back with africa where the great expectations but this is in the u.s. do you think anything has happened i actually do you feel anything happening already yet you're already in the loop is there is the video that is coming to establish plant here. they ship the lease already or cannot establish new plant nisson in this country and just recently in the african investment forum with the sale just. last week i attended at. the
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government center in the contract for this country this is on the compact. with africa for this country for this pilot so there are big ticket items that come your board albeit slowly they seem to be coming on board but it is often criticism that countries such as ghana have infrastructure and adequate infrastructure and that also corruption across the continent is a major problems and on these complaints justified and all these problems also addressed. then i think the compact with africa would help to at least address some of the governance issues because one thing that is doing is to try and crowd it capital. to silence public investments. by doing that. through the p.p.p. i mean that at least there is a sense in which you can bring in some of the governments telling us that you know
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to come on the government to recommend us so i think there's an opportunity to begin to. create more robust governance and went in with the international issues like the i admit the. what it that i have seen most often is cooperation of the world bank as well as in bed who was in some support to to risk. private capital in order to crowded into public investment so i think clearly there is an infrastructure challenge in this infrastructure that and then has been addressed to try to credit and capital because government resources a lot yeah not even going to the market it was simply that. so i think opportunities for the company of this interesting solutions which just in that ringback ever came bronze thank you very much for this and. 'd
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one company that is actually expanding in africa is german maker of building materials now sometimes just expanding is not enough to top the full potential of the new market onyx report looks at how novice investing in training its custom us how to use its products into. agra more than 2300000 people live in gonna see capital and more are arriving every day most of the arrivals are young people in search of work the city is in desperate need of more apartments the construction sector is stretched to the limit the lack of apartments was one reason why the german plaster company decided to open up shop here the construction materials they produce are much needed in the country even the best materials though are useless if workers don't know how to use them soaks nelf set up
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a training center and our target is to equip call personnel in the building and construction industry to gain employment to and their livelihood so we're giving them the skills and ceilings plus the partitions and related areas to to enable no cost to the way. 350 young people have been training in this center since the beginning of the year among them are architects construction engineers and skilled workers one of them is ebeneezer. he's working today in a building run by the national media agency. he and his colleagues are fixing a ceiling in one of the offices there. he's excited about using the materials he learned about in the training. thread because it's easy to question whether it's and it's nice when finished yeah it is. just
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because you know food at dessert is easy to break. was easy because. during the next 3 years 12000 trained and ready workers will graduate from the academy. the entire initiative will cost $620000.00 euros and investment that will pay dividends for both the country and the company. to china according to media reports 15 miners have been killed in a gas explosion in a coal mine in the province 9 were in the thirty's are now investigating the cause of the incident chinese mines are the most dangerous in the world thousands of miners are killed each year in accidents there are thousands of coal mines like this in china many are illegal safety oversight is notoriously poor just days ago the government said it was going to take action to address the scourge of dangerous
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mines for 15 workers here it came too late they died at the end of this tunnel. teaches support we can confirm that this is a safety accident caused by illegal and nonstandard mining it exposes the company's failure to abide by the law its chaotic management and other problems. the details of the action and cause will be affirmed by the investigation team later. 9 miners are injured now in hospital they're being treated for burns and shock your chance at. the patients are still under a certain amount of potentially lethal risks that although the burned areas are not large the inhalation injuries and blast injuries to the lungs is serious enough may threaten lives. china's mines are among the deadliest in the world thousands of
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subterranean workers die each year far more than anywhere else. and now to some of the other business stories making headlines around the world tata steel is said to cut $3000.00 jobs in europe and the indian owned firms said the plan which will mostly affect office workers would help the company in the face of severe market it is understood around half of the job cuts will come from its operations in the netherlands. boeing gets a boost at the dubai asho and officials have pledged to buy $3707.00 dreamliner to be used by a new national carrier that will launch next year meanwhile asin ago has struck a deal to buy a 2020 at profit from boeing's european rival. the european commission has hailed an agreement on the e.u. use 2020 budget the parliament and council struck a deal on monday which sees
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a hike in spending the 28 member states and lawmakers have agreed to provide more than $153000000000.00 euros of next year the budget provides extra funding for the fight against climate change and youth unemployment funds to support candidates for membership turkey having cuts and $4000000000.00 euros have been earmarked for stances such as britain leaving the e.u. . and that's it from me on the business team here and africa is up next with christine and one. quick update on global markets at this hour thank you for watching.
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he has an excellent reputation but so far he's been a bit of a disappointment. really could you know were supposed to know byron munich a contrast to caesar. but in the struggle. closer closer to the stellar career. 16 d w. what secrets lie behind small. discover
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new adventures in the 360 degree. and explore world heritage sites. w world heritage 316 getting up now. this is africa coming up in the next 15 minutes germany's brad plan for africa chancellor angela merkel say's they are all more opportunities that risks in africa but are investors to buy into that. and food bullets and fear is that it makes tensions could be inflamed anything yet as the people all sit down but there's a vote in a referendum on the economy that will shape the future for generations to come.

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