next with that business news africa finding out what that chancellor merkel is doing in go up i'll be back at the top of the hour on the course in the meantime as always website they don't. have good. literature invites us to see people in particular. i like to see myself as the kids find the strength grownup. might object or. work a friend. to do you good on you to. grappling. expressing feelings i am not very creative yet but i would like to be considered an artist one day looking for new

perspectives real. breakthroughs can doing things differently. come to a place where we reflect on society. march 21 talking t.-w. . visits angola to talk trade and discuss corruption the latest case of the president is about under investigation for embezzling millions of dollars of public money. and as the coronavirus continues to shape the. economist what this could mean for growth. let's do business german chancellor. she's been holding talks with her counterpart joe. the visit follows her trip to

south africa where she discussed energy policy and trade with presidents around a post in angola she's expected to sign off on a joint scholarship program and agreed to cooperate on aviation another issue is corruption. the new angolan government has highlighted business deals associated with the former administration involving isabel dos santos the daughter of an ex-president she's widely known as africa's richest woman and is accused of embezzling millions of dollars in public funds. the angolan capital luanda in 2019 the beer was flowing at the country's 1st october fest organized by beverage producer and distributors saw dba. its low on dino beers brewed in angola using german technology the company owner proudly presented the brand on instagram is about the santos reportedly the wealthiest woman in africa while her father's was

there divided a santos was president of angola the government gave her tax breaks to support the domestic brewery project help also came from germany machinery for the $50000000.00 euro brewery plant was supplied by the corners company from bavaria and a loan that helped finance the construction came from germany's k f w e pax bank in 2015 the dust santos family allegedly built up its fortune and then gola one of the world's poorest countries through decades of unscrupulous deals were germans unmatched in nepotism and corruption conus says it didn't know the company was owned by the president's daughter we spoke on skype to mario delish who negotiated the conus deal celtic the sort this is really a case of people running totally wild. what that does santos family was doing was daylight robbery part excellence you could say. they suddenly set up hundreds of

companies and used them to tap into all kinds of different industries. and industry in and gets shot. the extent to which is a builder santos and her associates ran wild is evident in more than 700000 leaked documents they come from over $400.00 firms linked to her $100.00 of them in tax havens like murchison malta oil is the sector in which angola's elite amassed most of its wealth president a santos appointed his daughter head of state owned oil company sonangol and even on her last day their 38000000 dollars were transferred to accounts in dubai to santos appears to have felt secure in all her business dealings but when after 38 years her father had left office angola's prosecutors now began to take an interest in her business dealings in december 29th teen a court ordered a freeze on her bank accounts and assets in angola alleging that she her husband and an associate owed the state over a $1000000000.00 in a b.b.c.

interview isabelle the santos denied any wrongdoing there's an orchestrated attack by the current government that is completely politically motivated is completely unfounded like i say my holdings are commercial. and there are no proceeds from contracts of public contracts or might have been deviated from public funds the sudeep or brewery was among the frozen assets a death sentence conviction won't make the situation for the germans involved any easier. to global financial markets a back down today infected by the corona virus china has delayed announcing monthly export data until the figures are the good global trade as a whole is taking a hit the world's top container lines have dramatically reduce traffic to china and at the time and outlets are on high alert or closing temporarily hong kong airlines is slashing 400 jobs asking the remaining staff to take unpaid leave comic is a feeling of pain the world's most productive or

a factory or by south korea's he or ny is stalling due to a lack of components from china and japanese clothing chain if only khloe has. hof it's $750.00 stores in china for now break is also posing a logistical challenge to feeding the nation. walk into a beijing supermarket and you will see shelves well stocked with groceries as these pictures from state television show the chinese capital is well catered for and prices are stable no need for panic buying here is the message. naturally people are unsettled by the coronavirus and cautious everyone is wearing face masks but the government is aware of the need to keep the food supply regular it's a stability issue people who don't have enough to eat get restless and what about food prices a box of eggs here costs around $5.00 euros which is expensive by beijing standards in the countryside there a scene straight out of the propaganda pictures of the cultural revolution the fields are flourishing and the farmers are busy bringing in the harvests in

vegetable markets in her face a city of 8000000 people officials are confident of course they are. but i tell you that the transaction volume of fetch deposits 2000 tons every day and the prices are largely stable. transport the peers to be working fine even in the central quarantine zone in who bay province. here the streets are deserted only the transport of medicines and groceries is allowed in the cordoned off cities. reports of empty shelves or rare. lies in the middle of the country it's a transport hope for the whole of china including lhasa in far away to bash the homemade handles on the way to the since january 30th we've loaded 3 to 5 trucks a day with 90 to 120 tons of goods a little of this all fits with the government's official stance rice stocks will last for at least another year to people who believe this as long as their needs

are met. but there's panic buying elsewhere in the region singapore has raised its coronavirus alert level reporting. cases that are not linked to previous infections will travel to china the mounting evidence of local transmissions has got people panicking officials warning against hoarding. more long lines in hong kong to residents snatching up whatever they can get their hands on his shoulders there are ample supplies condemning what it calls malicious rumors about shortages supermarkets putting limits on the amount of products people can buy and putting out his symptoms. it's a good use the world health organization says there have been fewer reported infections in china but says the numbers could go back up to the economist. to put this all into perspective for us 1st of all tell me what businesses in china have been telling you. suppliers of course for example. as well as food beverage producers which are really scared about the development of this virus

5 know. scared in what sense about what it's going to do to their business what was said to executives already on their business for example some companies. won't open on monday they remain close to told their stuff to stay at home because and you know afraid of the buyers so this is a sign that it's not on the control and just get the institution and the communist party is losing the control and the people lose the faith in the system and it is very dangerous so if this is spreading then we have a big problem if the chinese can't get this under control what could the economic effects actually be we already have economic effect the impact is between a point 02.5 percent on a cheapie built in china will be 2 percent already so everything already there for costs i think as a recession looming a long it could be a black swan for the effort economy built wide and could be put to a system into recession and perhaps the stock markets into question notice you've been talking about a crash for some time and have written about this what makes you of believe that

this could cause such an event that's always a play on which is. the crash and this time it's out of control and if they lose the control over the rivals and spreading then we will see the impact in the whole world so it is the big danger we see right now we're facing and we don't have no idea what's going on in china it's a black box nobody knows what's really going on which figures are right but correct or not and we see that the lay of economic data is not a good sign not at all yeah i mean it's strange when sitting here is journalists waiting for these export figures to come out and suddenly they don't get there and we're told we're just going to have to wait another month made in the know can't get any better are they know what makes you think the numbers of cases oded it's not accurate. when you can read on twitter and you see it on on social platforms in china people don't trust the system anymore and at different figures office leaders

said 630 people died on the virus but there are rumors that it's much more people and they're producing more mosques and you get no real information that transparency got lost in the chinese communist party and this is always a bad sign if they stop communicating transparency really briefly about communicating i find it quite interesting and we chat today that with the death of this doctor who said to have discovered the virus in the 1st place but who was silence has been a lot of criticism and the party isn't deleting or or blocking those messages today which is quite interesting that 989 all over again like it's i'm sure many people to lose control perhaps just can't because people get really angry and in front of the cameras they always say we don't trust the government anymore help us what's going on and that could be the start of the beginning of the end of the communist party of china thank you very much for coming in. in another sign of weakness global growth in industrial production dropshot the in december and exports barely

edged hiatt it was a figurative all year for manufacturing in europe's largest economy production of cars and machinery drives the german economy and output at industrial firms fell 3 and a half the st x. was slightly higher well down on the previous year flagging global trade breaks it down weaker economic growth hitting hot. credit suisse chief executive john has quit after losing a power struggle with the swiss bank the move comes after a spying scandal last give forestalled wealth manager the odd con revealed a private detective was following him apparently on the orders of credits with his former chief operating officer who was a close associate it soon became apparent other executives were being spied on his regulators are investigating the bank's 1st african born c.e.o. will be replaced by the us. head over then to swiss operations. and elephants as such

a strong symbol of africa but they're in decline across the continent due to poaching however botswana is the exception where the population has grown rapidly setting up clashes with humans now the country is set to auction off 70 hunting licenses officials say it's vital to quell the risk they pose to crops and infrastructure. is home to a 3rd of africa's elephants to take part it is will have to place a deposit of around $18000.00 each. plus doing business with you.

lock. earth. home. of species. or significant. those are big changes and most start with small steps but good morning to you as tell stories of creationist people and innovative projects around the world. but here's a country to use to purchase solutions and forced him. to

turn the content to the next generation on the touch of. channels available to people to get cheap. and more determined to build something here for the next generation going to be in barman series of global $3000.00 on d w. this is news africa coming up in minutes 15 minutes cameroon's local and parliamentary elections on sunday will take place under a heavy military presence in the english speaking provinces which turn out as expected to be. right certainly today. and nigeria's big business into taman industry many young people won fair break but it's only for the chosen few the 1st. day in the south sudanese athletes training in just pads to fulfill.