remain for some time to come it's a big mess reporting from london thank you. and that brings us to the end of this edition of do you have a news coming up next is business news with your heart well 1st i'll be back at the top of the hour with the world headlines so for now thank you for spending part of your day with us. and now kentucky affectionately but as affectionately as you can. be mayor pro tem in the middle of his election campaign in 2000 the documentary was filmed for russian television. to turn the camera back on of course the film secretly chronicled a power grab of actually everything was precisely planned instruction. featuring top supporting role. to the freedom of russia. and featuring

a lead role like you've never seen before. the linear fit a mere of it should give the ends justify the means. to tim's witnesses starts december 13th on d w. being good or we will force you german legislated already a new law fashion companies to clean up the african supply chains and respect workers it's minimum wages climate protection. regulation. saudi aramco shares make their stock market. breaking initial public offering. a valuation of $1800000000.00 from prince mohamed the 1st stepping stone

to saudi arabia's oil reliance to talk. to the program. sustainable development is on the agenda other summit of african leaders in egypt the 1st ever asked one farm was opened by egyptian president after. delegates are also due to discuss energy security and how to help economies recover after conflict among the s. and d's is at the forum is nigeria's president mohamed and u.n. deputy secretary general i mean i'm 100. south african president sarah rama post says his ministers will put forward proposals this week aimed at ending the rolling power cuts that have been blighting the nation's companies and households south african businesses have been languishing under the most severe blackouts in a decade week of heavy rain has aggravated problems for the state run program pany

eskom which has been struggling to maintain electricity supplies since 2008 ministers are due to put proposals before cabinet on friday aimed at closing the energy supply go with of course bring you much more of that when it happens. cobalt mines in the congo or sweatshops in ethiopia all across africa workers' rights environmental protection and children's health are being disregarded often by global companies that source their materials on the continent the german government recently asked retailers and producers to voluntarily clean up their supply chains in suggested a self police licensing option with an official certification that companies can apply for scheme was called the green button of the $3000.00 companies contacted less than 100 were willing to sign up for the participants in the scheme would have had to fulfill a total of $46.00 criteria to do with environmental protection and workers' rights

applied along the entire supply chain certified companies will then have to. proves that their products are not made by child labor for example pay the minimum wage and implement safety rules as already mentioned this is a voluntary scheme that only applies to the textile industry the lukewarm response to the greenback program prompted human rights organization and trade unions to call for a law to cover the supply chains of all german companies is now looking into legislation requiring companies to prove there are no dark spots in their supply chain companies breaking the law can expect finds but many as emmys are not at all happy about the additional red tape. a factory fire in delhi this weekend left 43 people dead and many injured the fashion industry is becoming increasingly associated with such incidents safety standards are regularly ignored and buildings

are often riddled with fire hazards 120000000 people worldwide work in the textile sector most doing asia and africa and many children it's common to work 12 hour shifts 6 days a week for a pittance but that could soon end a new bill may require german companies to force suppliers to comply with minimum social and ecological standards to bush and its lawn and attics to virtually exile workers in ethiopia earn around $25.00 a month just $25.00 in bangladesh they earn $89.00 site. that shows that without our knowing the clothes we wear are often being produced under exploitative conditions regardless of what it says on the label for. the government says german employers must use their market power to force

suppliers to make improvements germany is the 2nd largest importer of textiles worldwide but small and mid-sized companies say they'd be. overwhelmed by such a law that products often comprise many different parts produced by different suppliants it's hard to trace if they're holding standards oh not the businesses say it will entail a lot more bureaucracy they say implementation would be impossible and it went prevent tragedies like that in delhi from reacquiring. well that's brand joy to remember our correspondent in nairobi a joy african company is doing enough to protect their children and workers with legislation. their lows are in place the policies are in place the problem has always been implementation because when you look at the statistics that the aisle released in the past few years it has shown that sub-saharan africa has the highest number of child levers around the world one in 5

children are still and the category of child labor is that this is coming from somewhere because building evidence is one of the most difficult things when it comes to child labor is on the african continent and despite the policies and laws this is one of the most difficult issues to deal with because of the poor implementation of these policies for implementation you mentioned the laws are there are they not effectively enforced can companies bribe their way out. what it looks like is they can easily get away with it because the policies are only there to sort of scare. the people who are involved but not necessarily prosecute them and this is one of the challenges that i think most often african countries have to deal with because for the companies that are the and the

receivers all of the products that come from most african countries they actually meet might not have any idea that these products had and the involvement of child labor i'll give an example of the local industry in west africa and a couple industry in the democratic republic of congo and these are all industries that involve child lever but for the end user or the final destination this little information about what exactly was involved in sending it all the way to to the destination of correspondence sartori in bear on that and i will be thank you. saudi arabia state oil company. officially begun trading on its domestic stock market it's already the most valuable publicly listed company in the world however that's not enough or the kingdom which remains determined for saudi aramco to top the 2 trillion mark and things have gone well so far the 1st day of trading.

this is what it looks like to launch the world's most valuable company on the stock exchange for the 1st time. saudi aramco pride and joy of the saudi arabian royal family kingdom has gone public to made its long awaited market debut in riyadh on wednesday to much fanfare to nearly 3 trading the shares reached 9 dollars 39 each that was enough to hit the 10 percent cap on day the price rises devalues the company at almost $1.00 trillion dollars short of crown prince mohammed bin salmond's targets 2 trillion but nevertheless seen as a cause for celebration. today the kingdom of saudi arabia is no longer the only shareholder of the company. more than 5000000 shareholders have joined including citizens and residents in this kingdom and all the c.c.c.

countries in addition to saudi regional and international investment institutions this is a day when everyone in saudi aramco and in the kingdom can be immensely proud. however the listing is not all it was meant to be the idea was originally conceived to bring in foreign investment but in the end there was limited interest from abroad and the original plans to list in london or new york was shelved nevertheless a key stage of crown prince mohammed bin sounds economic liberalization plan is now complete saudi is pushing itself away from its reliance on. oil and finding new ways to make money. couple questions to discuss with the investment investment analyst at the share center in london such a big i.p.o. why only list in riyadh why not list in london or new york.

well that was the thought it would list in london or new york but international investors were really concerned about the valuation demanded a few trillion and international investors just didn't think it was worth that much and also you've got all the political interference you know political interference in terms of business decisions there will be you know that would be quite messy and also international investors do care about. you know environmental social the and governance issues and certainly with saudi aramco and saudi arabia itself there are a lot of those concerns you know resulted in only a saudi listing but for the saudis i think that's probably been a good thing for the time being simply because they've had control of the over the i.p.o. process and just listing a very small fraction i think about one and a half percent means that they didn't flood the market which is why we've seen a fairly schrum rally today. overseas investors so far have lost out but there

must be interest are they looking into investing. well overseas investors will ultimately invest in them because the big index providers such as dow jones footsie russell and m.s.c. i will include them in their global then emerging markets benchmark so global funds pension funds will ultimately have to invest in them at some point but the question is whether active investors and active fund managers will be looking into them and they'll have questions such as the yield on the shares and the valuations. these valuations will only give you a 4 percent yield whereas the peers such as b.p. shell chevron all of those will give you an average of around about 5 and a half percent and then i again there's the questions around politics and whether the company can protect itself from incidences that we saw earlier in the year such as the attacks on their pipeline infrastructure so there are number of concerns but

i think ultimately we will have more international investors go it in but i think some of these issues will need to be addressed hello thank you very much. that's it from me and the business team here and in the air if you want more goes the website dot com slash business also do all social media there on facebook and twitter if you don't already. use africa with any market is up next. a quick update on global markets. and for a much what you do nothing of the sofa.

where i come from we have to fight for a free press i was born and raised in a military dictatorship with just one t.v. channel and if you are his favorites when official information has attorneys i have work on the streets of many cantors and their problems are always the same forward to the social inequality a lack of the freedom of the press. who can afford to stay silent when it comes to

the fans of the human scene or michael folds who hunt inside to put their trust in us. my name is jane paris and i work. this is the news africa coming up on the program when will african treasure spirit tend to from europe some see that africa hasn't got the museums to house its own artifacts is that a fair argument. because with news of the world with extensive trust. on climate change is forcing increasing numbers of the jazz fulani to turn your back on your traditional nomadic life.