this economy has to diversify, whether it is south africa, sub-saharan africa. economy is only resource-based. ultimately will not be sustainable economy. in many ways, i think this is good news. sooner is better than later and i think diversification, at the manufacturing, textiles, many other things, make it far more sustainable. >> when you think about africa, you have to look at it from a long-range view. we go through these cycles. the key is how people react number one, number two is how you are able to continue investing for the long haul. i think that is the key. >> this is a great story about africa. if you look at the kinds of returns we can get on something like a wind power investment, wind farm. i was there yesterday at hope field. there we are looking at a gross return of over 20%, even if you adjust down for a depreciation in currency. you have to say that that net, after all expenses, a return that is well into double digits. on a currently at -- currency adjusted net basis, your still looking at double-digit returns. up next on the africa opportu

africa is a continent, not a single country. look at the economiesb-saharan africa and that is clear. nigeria's gdp has soared. so has ethiopia is. sedan's has not done much better. companies quickly learn no two countries are alike. the richer you on the red sea, is dead last. progress is crucial. eight alien there developed an index to track leadership and development in africa. he says they lie at the heart of any tangible shared improvement in the quality of life in citizens. after years of gains, the index has stalled since 2011. it is clear that enthusiasm for the africa opportunity has not stalled. over and over on stage and in conversation, business leaders at the bloomberg africa and business economic summit explain why. >> this is a time where we would like to accelerate our investing, not pull back. >> do you have the capital to do a? >> we are in seven countries today, ideally we would be in 10-15 different countries. one of the countries nigeria, we , are not at majority yet. we think this time is very good. >> i think the change in comm

china's been investing heavily in africa for years but now the economy back home is slowing, the chinese are less eager to spend. while the country's foreign minister promised to keep cash flowing, exports from africa to china have slowed. some are starting to feel the pinch. >> chinese development helpers at work. they're set to build some 3,500 kiometers of highway in the democratic republic of congo. add to that rail lines, hospitals and schools, all in exchange for 10 million tons of copper and 200 tons of cobalt. the massive deal is estimated to be worth over six billion euros. but china's appetite for raw materials is cooling. its economic growth has sunk to just over 6%, the lowest rate since 1990. and africa is paying a price for the slowdown. the continent's exports to china fell by around 40% last year. three major african commodities exporters -- angola, republic of congo, and nigeria, saw their exports to china halved. the falling demand has driven down the price of mineral resources further on world markets, worsening the situation for african countries. and the outlook is g

south africa's economy is in has been seenma as responsible for that. ,ccording to this opinion pieceuma is a puppet president of the guptas. it says how can the party run by nationa by nelson mandela become such a laughingstock? he wants the country to reclaim itself back from what he calls the mafia. they are making a declaration that they will establish a federal state in the north of syria. i'm sure there's reaction coming into that. >> different reactions depending on the publication. of the lebanese paper is calling it a big adventure on the political and military front. the newspapers as the kurds have tried to impose themselves into the equation at such a crucial point in the syrian crisis and they are really welcoming this . on the other hand, the turkish newspaper presents a different angle on the issue. while it does say the kurdistan democratic party has a valid point and their concerns about being a people without a state, it also warns that borders in the middle east are already fragile. that,ill only enhance especially with all this uncertainty surrounding the syrian cr

economy had to diversify whether it's an saharan africa are som or sub-saharan africa. , it will not be a sustainable economy, but in many ways, this is good news. it is sooner better than later and i think diversification looking to leverage the five in manufacturing and textiles and other things will make it far more sustainable. africa,you think about you have to look at it from a long-range view. we go through these cycles whether it's a commodity cycle up or down. the key is how people react number one. number two is how you are able to continue investing for the long haul. i think that is the key. >> this the great story about africa. if you look at the kinds of returns that we can get on something like a wind power investment, a wind farm, exactly, i was there yesterday. they were looking at a gross return of over 20%. even with a 5% deviation in currency and ignoring a big step down last year against the dollar or sterling, you have to say that that is still net after in expenses returns are well in the double digits. erik: you're still looking at healthy double-

this economy had to diversify. whether in south africa or sub-saharan africa. the resource base. not be ay it will sustainable economy. in many ways, i think this is good news. sooner is better than later. they are looking to diversify to manufacturing and textiles, it would make it more sustainable. you think about africa, you have to look at it from the long range view. we go through these cycles, whether commodity cycle up or down, the key is how people react. and how you are able to continue investing for the long haul. i think that is the key. >> this is a great story about africa. if you look at the kinds of on wind power get investment, a windfall. yesterday i was at --. we are looking at over 20%. depreciation, we have done a pretty big step down last year. that still, net after all expenses and return that is well into the double digits. you are still looking at healthy double-digit returns. you cannot come in for sure. of time. experts talk about the immediate fiscal challenges facing the south africa. find fantasy shows. when it comes to the things yo

scarlet: coming up, south africa's finance minister has a his list on how to fix nation's economy.tion is next. ♪ scarlet: it's time for the bloomberg business flash. the biggest electric utility in kansas is in the early stages of exploring strategic options that could lead to a sale. westar energy is talking with 20 -- potential financial advisors as it evaluates the possibilities. market calendar for march 21. that's when apple is expected to unveil a smaller screen iphone and an updated ipad. a person familiar with the matter said apple will introduce an iphone with a orange screen similar to the iphone 5c. ongoing amid apple's legal battles over privacy and encryption. it's a first for police cars. doorsill soon be offering on its police interceptors -- reinforcing the doors, designed to stop a 30 caliber bullet fired from a high-powered rifle. that is the bloomberg business flash. "what'd you miss?" the finance minister of south africa has no easy task ahead of him. his number one priority is restoring confidence in south africa's economy, avoiding a potential credit downgrad

years of corruption have halted economic development in africa's largest economy. nigeria is also missing its worst economic crisis in decades as falling oil prices hit revenues. whereyed in nigeria next, the rock 'n roll-themed hard rock cafe has officially launched in lagos. it is in one of the commercial capital's most exclusive locations. it comes at a time when companies in nigeria are struggling with the ongoing run and shoot crisis, but hard rock's chief executive said he was not deterred by the risks. >> we have seen also the different things happen around the world and from an economic point of view, political point of view, we have seen diseases and different markets and you cannot just stop investing or stop growing your business is paid we have to take a long-term view. and i'm hoping the oil situation and the impact on the nigerian economy, that there is some kind of improvement. delano: let's take a look at some of the other stories making headlines. hotels and resorts could be falling into chinese hands. a chinese bidder has made a $13 billion unsoli

what is more fascinating is the failure of south africa's economy.heard about anything about jacob upgrading his house, take a look at this chart. south africa has weekend more than 55% against the dollar. the blonde has fallen 40%, so there is already a big problem rooting in south africa. i spoke to a south african central-bank government the couple of months ago about the dilemma. upside risk inflation and downside risk of growth and you're pumping upbraids because you have no choice to keep up with inflation, but you are just squeezing growth and political uncertainty has that country. matt: political uncertainty does not help, but what hurts a lot more's the weakness in commodity prices. this is a commodities driven economy and an economy that is so closely linked to the economy of china. this is ectr, the great function to call it that you want to see trade relations between countries. south africa trade relationship with china is especially strong, about $60 billion in trade every year and is by far their biggest relationship, four times great

economy. >> africa's drought is not just affecting people. how crops and water supplies are hearting a subspecies of giraffes. and the latest research that could leave to queen neffa teeny's tomb. n nef >>> four our global view segment. how news outlets around the world are reacting to various event. russia's withdrawal from syria should not be seen as a victory. bashar al-assad's position was strengthened, not to the point of victory. it ads vladimir putin succeeded in ending the situation in ukraine. "the japan times" asked the question now that russia pulled its forces out of syria, where will vladimir putin focus attention next. it's like loi it will turn towards europe. it warns the rest should be ready because vladimir putin's mission to return russia to great power is nothing less. president obama's refusal to stand up to russia opened the door for russia to attack with impunity. the paper says comment will likely embolden not only the kremlin, but dictators around the world. >> the west african giraffe roamed throughout the region's h

africa. marilyn: if you look at economy such as india, indonesia, mexico, there are a lot of different very good where we find better opportunities at the moment. an international investor what i put money into south africa right now? arnab: i think this is the wrong moment to be stepping in in south africa. i think a lot of things have cheap and up a lot. this process needs to play out and there needs to be stabilization before people are going to become to go with south africa. in this comparison, south africa v. brazil, the dynamics can be turned around in brazil more aggressively, more quickly. the negativeime, dynamics in south africa is a slower burning fuse. the public debt is much lower. so, the shock they have suffered in exchange rate it's hit inflation even though they are not quite in recession, they are slowing down. but it is not like the debt dynamics are explosive. you do not have quite the same downside risk. yes, is active. i think that is reflected in the rating story. there is this danger that south africa will be downgraded to below investment grade. that has already happene

president zuma and good evening and media and zuma generates a lot of bad press in south africa from the state of economy to the broad sides against leadership and the controversial 20 million dollars upgrade of his private homestead but zuma is not without allies in the media and there is a state owned south african broadcasting corporation the most influential news out let in the country frequently accused of pro-government bias and his close relationship with the influential business family gouptas has friendly coverage in the out lets they own and there is the independent media group which critics say doesn't necessarily report favorably on the president as much as it goes after the main opposition group, the democrating alliance. these are tense times under zuma presidency and race relations are fraud and corruption is rife and the local elections just rounds the corner will be a test of the ruling african national congress parties appeal which shows signs of waning and for the president more than ever controlling the message is essential. listening post nick reports from cape town. >> reporter: wha

the new generation wants a growing economy. >> africa is increasingly stable.ingly democratic, and increasingly willing to work with the private sector and do the things necessary to create a good business environment. >> we are here to help country by country, developing datasets they need to make an argument for foreign investment, to help them create the capital market infrastructure and technology to build the capital markets. and to basically facilitate greater visibility through our bloomberg news team, writing stories about the leadership and the economic challenges and opportunities that exist on the african continent. >> over the past 55 years, sub-saharan africa has grown their population at a faster rate than the world. how important are the demographics to the into -- to the growth story of africa? generally speaking, this is enormous. you look at doubling the population from now until 2050, this is a very exciting market. carol: do not miss the africa opportunity, the special report airing all weekend, starting at 6:00 a.m. new york time. minutes a

central african republic is also one of africa's poorest countries with a devastated economy, 60% ofents live in poverty here. the new president fought this election as a man of the people and now bringing those very people together and without blood shed returning is a very real and very difficult task. phil lavelle, al jazeera. >>> the man accused of hijacking a plane from egypt to cyprus using a fake suicide belt is in larnaca and seif el din mustafa is psychologically unstable and the motives behind the hijacking are unclear and passengers and crew have safely returned back to egypt. and this person was on board the hijacked plane. >> we took off normally from alexandria from cairo and everything was normal and not weird. maybe after a while everyone noticed we should have landed and didn't land and i look out of the window and saw the sea so it was a bit weird to see the see because usually when you go to cairo you don't pass the sea and we noticed there was something wrong but nobody imagined that it could be that kind of thing so then one of the cabin crew passed by all the pa

the election highlights the two most significant issues in africa's largest oil producing nation: security and the economywhen it comes to the economy it is a big talking point. nigeria relies heavily on it. >> at the moment it is quite painful but the outlook is very bright. to turn the opportunity of this for the economy. we're spending money on the infrastructure. we're investing in roads, railroads and pow. we're going to commission the first railroad coming down from abuja, and then meanwhile we'll block loopholes. we'll reduce costs and bring in revenue. the moment that the there is more spend. this is a budget that will turn the economy and strengthen the economy. >> voters in the republic of congo will head to the polls on sunday. the president wants to extend his long-time in office, and the opposition said that he's willing to compet cheat to achieve that. >> the president of the republic of congo has been president for a long time. he has ruled from 1979 to 1992. after a brief civil war he regained power in 1997. he would go on to win disputed elections in 2002 and 2009. last year he secured th

africa. they have this infrastructure, this enormous economy.hey have the resources to really start working at it. the folks on the ground are well-trained. i'm hopeful they will get it under control like uganda did but it's a huge deal. it's a really bad thing going on right now and it will impact the future and if they don't get it under control, it will be drastic. is about five years behind the rest of africa. have aids live with it for six years and start to die in march numbers and that's when you get the orphans. but it's a big problem that they're struggling to deal with right now. america and in worked with your grandfather a lot. across the tracks. if there was a local native group of white south africans. in addition to the peace corps volunteers. >> she asked about whether or not there will local groups of white south africans reaching out and trying to bridge these borders. definitely. it's just really hard. it was hard for folks in america . there are people doing that. one of the most telling experiences i had, we had to do langua

that's led to a huge rally at emerging market economies with russia, brazil and south africa all up double digits in the last few days. the market has come to strongly anticipate that the fed will lower its anticipations for rate hikes at its march 16th meeting. fed governor sounded like she was in no hurry to raise rates in an interview today. >>> today on wall street, stocks did creep a little bit liae -- higher. by the close, the blue chip index was up 67 points. 17,073 was the finish. the nasdaq lost eight. the s&p 500 gained one. opec members are discussing a 50-dollar a barrel target for oil prices. >> commodities across the board have seen a strong comeback. there's one commodity in particular that might fuel the bull case for stocks. >> from crude to copper, commodities are back. it may not be for a long time, but it's been a good time so far. oil has jumped nearly 40% since mid-january. gold is at its highest level until a year. copper is back above $5,000. iron ore has not just joined be party but spiked the punch having recorded its best day gain ever. recovery is being driven b

still ahead, can south africa turn its struggling economy around and stop movies from downgrading its it's finance minister is on a mission to do just that. ♪ find fantasy shows. when it comes to the things you love, you want more. love romance? get lost in every embrace. into sports? follow every pitch, every play and every win. change the way you experience tv with x1 from xfinity. hey how's it going, hotcakes? hotcakes. this place has hotcakes. so why aren't they selling like hotcakes? with comcast business internet and wifi pro, they could be. just add a customized message to your wifi pro splash page and you'll reach your customers where their eyes are already - on their devices. order up. it's more than just wifi, it can help grow your business. you don't see that every day. introducing wifi pro, wifi that helps grow your business. comcast business. built for business. scarlet: from bloomberg world headquarters in new york, this is bloomberg markets. i'm scarlet fu. let's start with the headlines. mark crumpton has more from our news desk. mark: president obama says there is lit

. >> the problem is the economy of south africa is affecting everyone and if they are ever going to worklevels of manual labor but now that the populus is increasing in terms of the education so we get this kind of shock of people not going to be absorbed in it. >> reporter: rising unemployment levels is a challenge facing most african countries and youth unemployment are double those adults and the continent has the youngest population in the world, almost 200 million people between 15-24 years old and the u.n. says that number will likely double by 2045 and most african economies are not growing fast enough to give most of them a chance for employment, harry with al jazeera, johannesburg. >>> mexico have come up with a novel way to deal with the big harassment problem and half of the women living in mexico city have commented on being for formented in public. >> reporter: often a fleeting encounter but the anger and shame of sexual harassment the street can linger. these women are fighting back with a song called sexist of punk and a confetti gun. watch as they confront men who have ma

economies. it looks like they're gaining ground after the fed statement. >> exactly. we have seen some of those currencies specifically. let's go through them, indonesia, new zealand, russia, south africa, all rising against the dollar since that fed statement. we're now looking at the indonesindoan niece the economy may get a boost after mining stock rose. the u.s. dollar there, that follows the rebound in metal prices overall this week. i'm going to be focusing on that as well. seoul's kospi trading higher, and australia higher, as we said there, we may get a boost from mining stocks. i'll be keeping track of that. the nikkei, under performing, stronger yen weighing on sentiment, it's down 83 points. we'll see how it progresses. >> thanks a lot for the update. we'll check in with a few hours time. tokyo stock exchange. >>> well, the japanese government has been holding a series of panels with prominent economists, a harvard university professor has told his host japan should deregulate its n - nonmanufacturing and raise productivity. former bank of japan deputy governor were speaking at a meeting hosted by prime minister abe. j jorgensn, deregulating power, not involved in manufactur

africa are more democratic. but some very interesting comparisons there a lot of those three economies.u very much. great stuff. some of the points justin makes i reallybring -- this like. this is a great shot. as just inside, brazil is the best equity market performance year to date, but here's the thing. this is the average change in terms of the week. the biggest change in terms of when there is talk of impeachment in the news. these are the weeks when you get the most, this big upside move. if you get fewer impeachment conversations, you get this moved to the downside. it is amazingly driven by news flow. it's largely global investors making this, a fascinating story in terms of the impact of the news flow. look that one up on the terminal. i also want to bring up this great story -- this correlation between the yen and what is happening with emerging markets. breakdown of the inverse correlation, , largely a positioning start. james pomeroy is still with us. it is so hard to filter out the noise. i think that chart is interesting about the political story. on, you've got the risk r

economy in recent years. and which, if they're clever, think ahead and realize that if they want to sell their products in africa then there needs to be a power supply and there needs to be training available and technical expertise. what use is a computer program or a computer if you can't run it? the main problem in africa is that job creation is not keeping up with population growth. uganda is a good example. the president keeps saying that strong population growth means a strong population. but he forgets that the problems grow as the population grows. during this current decade, from 2010 to 2020, 120 million young people will enter the labor market in sub-saharan africa and north africa. and unemployment is already high across these regions and even higher among young people. so, it doesn't look good. but i'm not saying it's hopeless. we've seen again and again that countries once thought hopeless have suddenly undergone a positive development. bangladesh was once the poorest country in the world, it was considered impossible to develop. but bangladesh is now on a very good path. in africa, things are goin

economy. mutual defense issues were also on the agenda. it was a crime that shocked south africa. a newborn baby snatched from a hospital as her mother slept, 19 years ago. for years there was no word on what happened, until an improbable twist of fate that her back to her real family -- led her back to her real family. reporter: this woman was found guilty of kidnapping a baby girl 19 years ago in cape town and raising her as her own child. the girl's mother and the kidnapper met briefly in court. the girls family is hoping for compensation. >> justice shall prevail. what the person is doing will be revealed in the light. we didn't fight this lady. the state fought this lady. getting back the tears and the suffering, she is just getting back what we went through. reporter: the defendant was arrested after a chance encounter at the girl school. the kidnapped girl's biological sister, who attended the same school, noticed the similarity, which eventually led to the revelation of the crime. the girl, who is now 18 and was baptized, is not present at the trial. >> i want to thank all

africa, other places -- those markets will leapfrog as people jump into streaming. francine: what will happen? infrastructure? >> its infrastructure, it's a mobile economy. infrastructure. francine: 5, 10 years away? shorter? >> i think it's shorter. you can see the top level of customers taking service, and in latin america a goes very fast. africa may take longer. francine: latin america -- we talked about brazil, the politics. at?these things you look i do know how you do your pricing plan. >> well, we pay in local currency, and we pay the royalties in local currency. we adjust pricing to the purchase of the individual market. you have to understand -- in most of those places, there wasn't anything. every revenue you generate is very positive. francine: what's your biggest headache? distribution, funding, currency? you get back all the money in euros. explaining what a superior project it is, and your customerkeep costs under control. those are the two issues he really have to focus on. francine: a fascinating conversation. the ceo of deezer. up next, we bring you the latest charitable foundation of the hedge fund billionaire who said it was duped by a

. >> if you live in the american media economy, 95% of the images that you get of africa are either from a couple of game parts in east africa where you're mostly just seeing animals or it's catastrophes, civil war, child soldiers, ebola, some kind of terrible news. >> reporter: for every movie about daily life, or a comedy called sophia in london about adjust to go life abroad. >> the movies they put into our social culture, and political existence. >> reporter: and nollywood's influence is felt far outside nigeria's borders. >> in new york and the bronx, a lot of my friends will wear dishikis and stuff like that. >> it opens the eyes of people, and takes away ignorance. >> the average budget is less than a hundred thousand dollars. that covers the catering on a block buster like batman versus superman, and some are made for much less but they become so popular around the world, the recent budgets have started to creep into the millions. >> we'll be on the look out for them now. can't wait to see them now. >>> thanks sandy. still to come, times square characters are facing new scrutiny,

certainly, there investment in infrastructure in africa has been massive as a way to insist they never economy- sustain their economy and their growth, and what he is providing is the ability to protect investments in places. certainly, that would be a concern, and w we know it is a concern for the part of justice. we know it is a concern for u.s. intelligence agencies. again, at the heart of it is accountability and transparency. he is a u.s. citizen -- he is still suspect -- subject to u.s. law. at this point, the question is whether any of what he is done thus far has violated u.s. law regulations. amy: you asked his lawyer if he was in investigating -- investigated? curse on thennot air. her response? was they her response have not been notified by the department of justice. amy: she said it was total bs -- mr. cole: her exact response -- amy: don't give it. mr. cole: no, it was a response to a question about money-laundering -- over the courses of three days of questions, her story changed. it is a little unclear -- we cannot give one concise answer as to whether she denied certain things

economy. germany more positive. let's get back to one of our top corporate stores. bad news for barclays. the bank reporting a 56% drop in profit. it plans to sell its africa business. the ceo spoke to manus cranny and anna edwards earlier today. >> the most important issue is franchise today, which includes our consumer business, our corporate business and investment banking, that core franchise generates a return in double digits today. that is a very important thing the street need to get its hands around. the investment banking industry right now is not covering its costs of capital. e world has that th learned we cannot rely on bank balance sheet to find economic growth. we need a robust capital market. i happen to believe that the investment banking industry will have to be itself financially healthy. and it will be. writtenme analysts have some report suggesting some radical action at barclays might like to consider. they said maybe you want to ipo the investment banking part of the business. sell barclay card in the u.s. what do you think of that research? >> we think we have a great business model. focused on the consumer corporate and investment

africa africa is an enduring united states and it's important important -- it's important is to grow as african economies populations and influence growth small but wise investments in africa security institutions today offer disproportionate benefits to africa europe and the united states. african solutions to african problems are in the long run in the best interest of africans americans and indeed the world. and the most trouble spots of the continent africans have an understandable fear and distrust of the government's security forces which are charged with promoting and guarding the welfare of other people. predatory practices correction in political and economic exclusion of portions of the population as well as inconsistent adherence to the rule of law combined to crush the hope of a better future. these conditions create an environment ripe for the expansion of violent extremism and represent a threat not only to africa but to our european allies in the united united states. the effectively addressing the threat before it or after a military crisis requires eight conference of approach employing

potentl of african economies has attracted hundreds of thousands of chinese entrepreneurs seeking to fill gaps in the market. since 2001 over 1 million chinese have emigrated to africaank fang: let's go and check in. narrator: frank fang has a farm on the outskirts of lusaka, the capitol city of zambia. he loves to bring his family here on the weekend for barbecue. in 1994 frank graduated with a law degree from a prestigious university in south of china. he got employed by a gh profi company in his only province which specializes in international cooperration. ♪ music narrator: a few years later frank was deployed by his company to botswana. the memory of arriving in africa for the first time is still very fresh. narrator: in 2000 frank quit the company and together with his friends they drove from botswana to zambia to start a new life. frank fang: this is lusaka hotel. and this is the first place we stayed on the first day, from the first day we arrived in lusaka, we stayed here -- i can't remember if it was this room or this room -- for about 30, 40 days. this is one of my brothers here. i've known him for long. how many years we know each other? >>i've been here

africa, latin america, hence the reference to the barrel. rishaad: a low oil price greases the wheels of the global economy , almost like an interest rate cut.hy don't you buy into that? >> we do. ,ome countries are, some not the ones that are, asia, u.s. -- well, the u.s. is a bit of a mixed picture, some strengths, weaknesses. it is an oil producer. rishaad: so many stresses and strains as you mentioned. one thing is for certain, imf, ,orld bank, global bodies reducing forecasts on.'s countries across the world when it comes to growth. are you doing the same thing, and where? >> pretty much across the board. the one region where we have not brought the growth numbers down is europe, surprisingly. they were low already. 1.5%rowth rates in europe, to 2%. rishaad: that is optimistic. >> may be, but we have not changed of those a lot in the last year. we had been bringing them down recently. growth rate is now 2.1%, lower than we had before. china growth rate is 6.2%, but maybe some upward risk to that growth number. yeah, thest part, forecasts have been coming down, not up. rishaad: no global recession this year? >> it is difficult to get a g

africa is an enduring interest of the united states and it's importance continues to grow as african economies populations and influence grow. small but wise investments offer disproportionate benefits to africa, europe and the united states. african solutions to african problems are in the best interest of africans and indeed the world. in the most trouble spots in the continent, africans have an understandable fear and distrust of the governments charged with promoting and guarding the welfare of the people. predatory practices and exclusion of population as well as inconsistent adherence to the rule of law combined crushed the hope of the future. they represent a threat not only to africa but our european allies and the united states. effectively addressing the threat before, during or after a military crisis requires a approach for defense to address causes of extremism and replace fear and uncertainty with trust and confidence in african institutions. africa commands contributions lies in encouraging and enabling the professionalism of the african institutions which will secure national p

africa is a growing market with a young population. we have high hopes. >> reporter: there are concerns over the fall in natural resource processes and how they may hurt african economies. despite that, businesspeople still see the area as the last promising continents market. takafumi terui, nhk world, tokyo. >>> investors and economists around the world are keeping a close eye on how china's leaders intend to steer the economy. gene otani has the details on that and other business headlines. >> thanks, james. chinese premier li keqiang says that the nation's economy growing at a pace lower than the government's target would be a major risk. the chinese government has set this year's growth target between 6.5% and 7%. li was speaking at the forum for asia on the southern chinese island of hainan. it's being attended by political and businessss leaders from arod asia. >> translator: if the economy sinks below the growth target for this year, it would pose a major risk. if thihis happens,s, we'll take comprehensive measures to prevent a slowdown. >> li stressed the government t will take monetary fiscal and other available measures to ensure the economy grows within the

africa is an enduring interest of the united states and its importance continues to grow as african economies, population and influence grow. small but wise investments in african security institutions today offer disproportionate benefits to africa, europe and the united states. african solutions to african problems are in the long run in the best interest of africans, americans and, indeed, the world. now, in the most troubled spots of the continent, afghans have a distrust of the governments and security forces which are charged with promoting and guarding the welfare of the people. predatory practices, corruption and political and economic exclusion of portions of the population, as well as inconsistent adherence to the rule of law, combine to crush the hope of a better future. these conditions create environment ripe for the expansion of violent extremism. effectively addressing the threat before, during or after a military crisis requires a comprehensive approach emplying defense to address the root causes of extremism and replace fear and uncertainty with trust and confidence in instit

africa into italy or greece. thank you for your time, joining us from chicago. in the next 20 minutes, will the u.s. economy finally see some wage growth for the u.s. jobs report and what it means for the fed hiking timeline? we recap the quarter and find out which tech giants are leading the index higher. runaway inflation is not going anywhere. can the present survive politically if the recession exists? ♪ david: all eyes will be on the u.s. jobs report. for marchrkers agreeing to a bloomberg survey. a preview of jobs, chief u.s. economist carl. this comes out tomorrow at 8:30. what is the part of this you are most interested in seeing? >> i would be cautious not to overreact to a week number. march has a penchant to disappoint. for the last five years, the consensus over estimated last month's payroll by 60,000. last year was over 100,000 missed on payroll. as you highlighted there, the consensus is looking for 205, that passes precedent. you get a number closer to say 150 or so. my personal expectation is something in the vicinity of 185. you're coming on the heels of a week qe4 gdp growth, corporate pr

economy, and to stop ultra low inflation from becoming entrenched. >>> one of the brightest minds, and they site einstein as inspirati inspiration. efforts are being made to nuture the big thinkers of africahawk reports from senegal. >> reporter: this man sees the world in numbers. he believes everything from the universe so the decisions fisher intake out in the ocean have a mathematic equation. >> what inspired me about einstein was his ability to equation everything, to try to have another way of looking at everything. try not to say okay there is a universal truth in a sense. >> reporter: he works at the african institute of mathematical sciences. top academics, including nobel laureates, teach african students who can't afford to go to mit or harvest, but are just as bright. sol spent his childhood hungry, staring at the sky. >> believe you me, we are going to make better things, and yes, more of [ inaudible ] and in the [ inaudible ] is going to come from here. i will share that idea. just wait and see. [ laughter ] >> they have started the next einstein forum. organizers of this forum seek to address what it calls research discrimination. they say there is much african research wit

economy and democracy that works for all and not just the powerful few. >> pelley: a dumbo jet flew into fort worth overnight. it carried 17 elephants from swaziland in southeast africa, where they were threatened by drought. they were shipped to zoos in dallas, wichita, and omaha, where they're unpacking their trunks tonight. few performers could match keith emerson on the keyboards. he brought the synthesizer to rock music with emerson lake and palmer. the band sold millions of records in the 70s. keith emerson died last night in he was 71. a woman's past comes back to help her. steve hartman is next. r you both have a perfect driving record. perfect. no tickets. no accidents. rthat is until one of you clips a food truck, ruining your perfect record. yeah. r now you would think your insurance company would cut you some slack, right? no. r your insurance rates go through the roof... r your perfect record doesn't get you anything. anything. perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. see car insurance in a whole new light. liberty mutual insurance. look, the wolf was huffing and puffing. like you d

economy. right? if you want to help sub-saharan africa, et cetera, don't take the very few people they've invested hugely in masters degrees, et cetera, no. it is to help their countries grow and to learn what markets are, just as we did after world war ii to our arch-enemies, japan and germany. that's the united states that i know. >> gentleman, time. >> sorry. thought i had a minute. >> gentleman from kentucky is recognized for one minute to close. >> some of these arguments truly baffle me. first one is -- and i agree with mr. mcclintock, there are a lot of problems with our immigration system. he mentioned a lot of them. that's what comprehensive immigration reform is designed to do, to fix those problems so people aren't coming here illegally, so people aren't working here illegally, so they are on the books paying taxes and working on the record. we are trying to fix those problems. we have a system that's broken. i agree totally with you. that's why this is so important. i know that you accused of making this a democratic issue, as i said, we passed this bill in the senate in 2013 with half the re

political revolution and create an economy and democracy that works for all >>at least 16 people are dead after armed men attacked an ivory coast beach resort in africa sunday. a group that monitors jihadist websites says al-qaeda is claiming responsibility. people were seen collecting bodies from the beach and covering them in white sheets, before being taken away on stretchers. the ivory coast' s president says 14 civilians and two special forces personnel were killed. six attackers were also killed. a high speed chase with a stolen police cruiser in los angeles sunday ends when officers ram the car and start shooting. the driver was killed in the chase that went on for about an hour. officers were eventually able to where he was gunned down. officials are not saying whether the suspect ever shot at officers. however the cruiser that the driver stole did have police gear which included guns. no officers were hurt in the incident. angela: a maryland police officer is dead after being shot outside the police department' s headquarters. this happened around 5:00 sunday afternoon. 28-year-old jacai colson was a four year veteran of the police departmen

economy has grown only 1.3% last year. less than half the rate for sub-saharan africa.ts has led to rolling blackouts that if it manufacturing and many are losing patience. they still have support things to ending apartheid, but they are nervous. one official says that if they do not deal with the crisis, they will degenerate into a mafia state. that is your quick take. for more stories visit bloomberg.com or bloomberg.com /quicktake. betty:5 more to come, including the latest over the drama overvalued. that is after the break. ♪ ♪ betty: shares of valeant are rising for the second day after word that ceo michael pearson will step down. after that, pearson is said to have been side-by-side by bill ackman to address workers. joe armstrong has been following that story. beenew armstrong has following that story. how unusual is it that bill ackman is standing in front of employees in bridgewater, new jersey? months ago, ackman was talking about how they were interested. bill ackman himself is on this board after yesterday's announcement during a town hall style meeting wit