coming up next as africa business update with kate ferguson she'll also bring you the latest on a german air life facing strikes in the upcoming days it is getting good all the latest news and information around the clock by heading to our web site that will rock and going on behalf of the entire state thanks for watching. if you would like to be our fighters want to start families to become farmers or engineers every one of us a plan would be an issue for your children. on the children who have already been this way and that's you and those that will follow are part of a new the process. they could be the future of. granting opportunities. matters you may.

take. us. with. to make them special. africa on the rise investors from all over the world are showing interest in the continent we'll take a look at the highs and lows of doing business in some of the world's most rapidly growing economies. also coming up most times i cabin crew prepared to stay squawk a flight attendant say they'll strike on monday during one of the busiest travel weeks of the year. wheeling and dealing it's been a rough year for the auto industry but a fascinating one for cars we'll take

a look at some of the automotive highlights from 29th. this is business i'm kate ferguson welcome. germany's biggest airline is gearing up for more of strikes the ofo and union that represents cabin crew has called on stop a subsidiary german wings to stage walkouts for 3 days starting on monday it's the latest development in a long running dispute over pay and benefits a 2 day strike in november stranded thousands of travelers. at 1st it was all about a 2 percent wage increase for cabin crew that the union demanded from lufthansa in addition to more benefits and allowances for flight attendants but the 2 sides can't agree that puts look tuns a c.e.o. cost inch bore in an unfavorable light despite his plans for a radical restructuring of lufthansa he's unable to put the company's worries to rest for years the main problem has been the brutal price competition of low cost

carriers in the 1st 9 months of this year lufthansa had $3400000.00 customers more than the year before and revenue increased by 3 percent but profits slumped because tickets were cheaper than ever. it's the same picture for budget carriers ryan is profit fell by 40 percent for the 2018 business year and easyjet also had a big loss the airlines are carrying more passengers but ticket prices have fallen and there's an overcapacity in the budget carrier market segment the price war also affected the remuneration of workers leading to strikes at the airlines. $1500.00 flights were cancelled last month when lufthansa stuff went on strike it's the customer who ends up paying when that happens and while they're happy about the low prices they'd probably be more willing to pay for reliability. now it's a market of $1200000000.00 people with a growing youthful population and

a combined g.d.p. of 3 trillion dollars no surprise then that foreign investors have been showing increasing interest in africa so who is investing what and where let's take a look. starting with europe foreign direct investment in africa currently totals 261000000000 yuri's euro's but it's been far from a straight upward line you can see it here european investors actually pulling money out of africa in 201617 see that clip on a minute there you go there meanwhile chinese investment has been picking up pace rapidly as beijing presses ahead with its massive infrastructure project the belt road initiative and the figure here speaks for itself this year china has invested 270000000000 euros in sub-saharan africa alone spending has been focused on ports railways and road networks but it's not all full steam ahead political instability

and conflicts still put some investors all of the u. and peacekeeping mission in africa for this year on next will cost more than $4600000000.00 euros and to find out more on that let's cross over to michael auti from africa michael hi there good to see you the last few years have seen a lot of efforts to spur more private investment in africa how do these projects been a success. well to some degree a compact with africa for instance has seen some level of success has been a lot of investments in africa as a result of this new program however having said that it's also important to point out that a majority of the investments that have gone into africa have been concentrated in some specific 3 countries egypt morrocco and if you are p.r. and so while there is a lot of foreign direct investment going into africa

a lot of it is concentrated we did in these 3 countries and this is important because they come back to africa inclusive 12 countries and so if only. i did talk 3 of the 12 and certainly it's a problem and they gain it's also important to take a look at what the investments are going into and many of these countries they investments in the areas off oil coal gas and to some degree you have state as well so there isn't a lot of emphasis on my function which the world bank believes is what we really spared the growth of africa so yes indeedy a lot of programs that are aimed at helping africa to develop but many of them are targets in industries that really do not help the average african improve your lot ok some debt so definitely some limitations there michael what would you say are the sectors that have the biggest potential for growth in africa at the moment.

well the traditional sect the extractive industries definitely truck to men there's a lot of room for growth there but also the money faction septa's important areas that i think that many investors are not exploring because africa has a huge youth population has a very young force and so if those manufacturing jobs then there's a lot of potential in there but unfortunately looks like a lot of attention is not paid to d.c. areas and of course there's also room for a lot of investment when it comes to renewable energy there was talking so much of his time about renewable energy and also fighting climate change and so there is that assumption that will be a rollback when it comes to investments indestructible industries particularly coal and oil and gas and focus more on renewable energy so that definitely something that international investors probably could explore but that is not happening at

the moment kate michael thanks so much for your insights thank you for having me. germany's car sector is looking back on an especially challenging year with companies caught between declining sales and the need to invest massive songs in new technology many of the biggest automaker has announced plans to scrap sizes of jobs but that didn't stop them on some individual car enthusiasts from coming up with some pretty bizarre innovation. is this what the world was waiting for. ladies and gentlemen that knew or should tyco. the 1st fully electric porsche starting price $105000.00 euros the porsche take on is the biggest competition the tesla model s. says seeing yes. yes the tesla in november tests known baled their latest number and electric truck with apparently don't break the windows at least that's what it

said in the cyber truck brochure yeah it didn't work out quite that way. but oh well. maybe i was a little too hard. was this for demonstration purposes or was the cyber truck still a work in progress. garnering fewer headlines was the ingenious invention of a ukrainian beekeeper in june he presented the world's 1st homemade electric car that he drives to his b. highs every day. not one for the big car shows like the annual geneva motor show here french luxury modified sure bugatti presented what is supposedly the most expensive car in the world complete with how made wheel rims it will set on the buyers back 16000000 euros or makes this race race is one of what this is for sure. a completely opposite end of the spectrum is v.w. 1st purity electric car the id 3 which is aimed at the mosque marcus. the

idea 3 is opening the next chapter. fulfilling our vision to become actually 0 emission brands by 2050. this ero mission goal had already been achieved in january by a russian schoolteacher. exactly one horsepower for 0 emissions. the horse drawn car stands for a global trend making new out of old. falso in london was this morris minor built in 1953 which used to run on petrol but is now always plugged in at night it hails from a startup that makes its money by retrofitting old cars. why sprout them when there isn't actually anything wrong with them except for the power train. the only thing classic cars can do yet is fly other inventors are working on this maybe 2020 will be the year the flying car goes into mass production.

and earlier this year the united states and i asked plans to impose a 25 percent tariff on a range of e.u. goods the move came in response to a world trade organization ruling that signed that the e.u. had been illegally subsidizing aviation giant airbus among the products the affected is scottish whisky because it was i told many american tourists visiting scotland the whisky tasting is the quintessential experience for scottish distilleries the u.s. is a lucrative market accounting for more than 10 percent of global export volumes for them the tariffs couldn't have come at a worse time. we had agreed in principle to go into $23.00 states and $200.00 stores across all states with a large retailer in in the u.s. and then 12 hours later we woke up to

a 25 percent tariff on one single malt whiskey so that has part i think huge clouds over our discussions on our plans to launch in the u.s. the scottish whisky association says the impact can be estimated based on what's happened to american bourbon whiskey imports to europe what we're expecting is around a 20 percent drop in the sales of single malts in the u.s. you know we have the example of of us whiskey being shipped to europe which has been under 25 percent tariff for that are stating months and the american whiskey industry has brewed experienced a 20 percent drop in sales in europe with that level of tires that says that small distilleries. it will take the biggest hit because their lower volumes mean they already have to charge a premium price the tariffs combined with bricks its effects on access to the european market are expected to be a major setback for distillers threatening some of the 11000 jobs in the industry.

and that's it from me on the business team here in berlin for more news on fakers do check out our website that philadelphia dot com slash business you can also find us on social media we're on facebook and twitter do feel free to drop us a line there for me though it's been 5 and take their.

happiness years for every human penises are very different from primates we have a totally ridiculous sized view of nature. and this is climate change sex. how famous and books you get smarter for free. you know and jam and lift up you at any time any place the names. you have i don't think i was proud. to sing along to you because the combo from

super. interactive exercises. like everything is online and interactive benjamin to frame 50 w. . this is a state of the news africa with a special edition of our show we look back at ordinary people who do extraordinary things coming up on the program best to. cross the continent. to see. the movie with the sun this will take you to the classroom that's taking a different approach to learning. on that we get in the car with our guest multidrug the chance you can call this lady. toughest.