Praising the former military dictatorship and attacking minority groups. One billion euros to boost business in africa germany sets up an Investment Fund to finally unlock what did chancellor calls the huge economic potential of the continent we ask an expert will be enough also the soul faced with the prospect of unemployment spanish coal miners come up with a horrified response and not only a thanks britains it also threatens the livelihood of many farmers on the mediterranean island of cyprus we will tell you why. This business im christopher welcome germany is pledging One Billion Euros to inside businesses to invest in africa the creation of the fund an ounce to during the compacts with Africa Summit In Berlin on tuesday is aimed at getting small and
Medium Sized Companies to grow their presence on the continent along with strengthening economic ties the German Government also holds that investment will curb illegal immigration to europe by creating jobs for Young Africans for more lets bring in Jeremy Gaines hes a consultant for business in west africa and runs the Nigerian German Energy Partnership welcome germy the German Government just pledging One Billion Euros for investments in africa is this what small and Medium Sized Companies have been waiting for. Its most certainly a beginning christophe its a very small beginning if we remember that the americans pledged three times that failing tricity the indians have pledged exactly the same sum for solar power in africa its a small beginning but it marks a sea change for German Government in taking africa seriously i believe now what would be a real game changer for german Business Presence in african countries i think
whats important is for them to just realize what the opportunities in africa and how close africa is to their own front door steps africa is the closest continent to the opportunities that present precisely in education Technical Training aviation as i said power particularly Renewable Energies are immense and they have not yet been tapped by anybody why is that what what is your take on that why has have these potentials not been taken up so far i think so far German Companies have been risk averse to going to africa because we havent had the mechanisms in place here yet to secure them or rather to give them a sense of Security Africa and the main african economies have been stable for some time now and that hasnt yet been perceived here there are a Jewel Taxation Agreements in place there are profit Transfer Agreements in place
the Exchange Rates tend to be fairly stable so the question is why havent German Companies already discovered africa for themselves at present only one point eight percent of our exports go to africa now the second largest. Country receiving exports from germany in africa is nigeria which is africas largest economy it has Two Hundred Million inhabitants eager to grow their economy yet in terms of germans exports that is only the sixty eight export ranking now Chinese Companies have dramatically increase their foothold on the african country and looking at their massive projects projects the chinese have been putting up are germans too late to the party no i think the party is only just about to begin Chinese Companies have traditionally been state supported and been engaged in large scale Infrastructure Projects theyre not the competitors of german s. Emmys the german Mechanical Engineering and electronics expertise is not being challenged by the chinese the chinese are interested in large Ticket Projects often with a Barter Element that secures china commodities germany doesnt want to look for commodities in africa germany should be looking to invest long term train africans and to build long stirrer really long term Business Relationships there to that end they must invest more term against consultant and member of the Nigerian German Energy Partnership thank you for your thoughts thank you. Germanys Unemployment Rate has dropped to its lowest level since reunification in october below five percent in total two point two Million People were without a Job Engineers Masons Programmers are in high demand in germany the solid labor market is expected to further boost Consumer Confidence and Household Spending by
increasing headwinds the global economy. Now coal miners in spain are fearing for their jobs more than one thousand of them will be unemployed by the end of this year alone as the countrys government is refocusing on Renewable Energies that are however has promised to invest heavily in Alternative Employment and want traditional coal mining region in Southern Spain isnt scared of taking a novel approach to job creation. There is definitely money to be made in making people scream. The fully fledged Screen Concept has been a Money Spinner in the u. S. For decades but has been slow to take off in europe. Hora land is based in an abandoned coal mine and Power Station North of boss alona the Spanish Government has vowed to close down most of its coal mines by the end of the year and mining areas are looking to tourism and other industries more than one hundred people now
work at hora land including more than ninety act is in elaborate costumes and Makeup Interacting with state of the yacht animatronic robots. That. Will look for two different kind of people on the one hand we were looking for actors and specially we wanted them to have experience in the field of acting and also to have an academic background and on the other side we looked for or is in english is like people that hes able to to make. In fact to scare people. In the Scream Pocket Grounds visitors can pose for selfies with characters from their favorite Splatter Films and theres a frightening variety of horrific attractions to choose from including some based on popular horror movies i. Thought its very exciting
id say im very surprised it makes you shiver a little but above all its surprising its very exciting it would exceed that. But the new jobs are not permanent. The attraction is only open at certain times of year starting with halloween season when its open for two weeks in october and november so far its proving a success all Twenty Two Thousand Five Hundred online Halloween Tickets are already gone. Now lets go to rick and check on mark has one of our very own yes quarter standing by on wall street yes shares of Ailing Industrial DinedGeneral Electric were getting hammered today theres a quarterly loss of almost Twenty Three Billion Dollars what other problems do you see there. Well almost everything is going wrong for g. E. At this point are ones the biggest culprit a company here in the United States well they took the huge charge in the past
quarter in the amount of about Twenty Two Billion dollar and now the Justice Department is investigating those charges the securities and Exchange Commission as well they pretty much slaughtered the dividend from trail cents to one penny they saw heavy declines in their important Power Business and the stock dropped by almost nine per cent two years ago g. E. Stood at around Thirty Dollars per share now its down to about ten but at least the overall market after we briefly defended negative territory saw quite a comeback in the afternoon up for the day by a good Four Hundred Thirty points for the dow jones against court in new york thank you. When britain leaves the European Union at the end of march next year not only england Scotland Wales and Northern Ireland will exit the block but also small area like British Military garrisons in cyprus for example and a solid border around these promises would be
a huge problem for all the farmers whose trees grow right on base they may be small but these olives play an outsized role for andreas for to you their own oil is his Life Blood Flow to you farms land on a British Air Force base an operative on the southern tip of cyprus the relationship between farmers and the British Military has existed since cypriot independence in One Thousand Nine Hundred Sixty but it could change dramatically in the event of a No Deal Breaks in. The middle of the wood nobody has said anything not the cypriot government not our Foreign Minister or the British Foreign minister about how this is going to work and all of oil imported from outside the e. U. Is subject to a fifteen percent tariff at the moment for to you and other cypriot farmers on akrotiri and another british base to kill you in the countrys east pay no taxes lawyers disagree whether the two bases would be considered Nonny Youd Lands in the
event of a No Deal Breaks at the cypriot government says the Farmers Trade is safeguarded a u. K. Parliament terry committee has said Trade Protections would lapse after brags that paying tariffs would cut deeply into Farmers Bottom Line making production impossible for many. Almost that were facing a situation that is uncertain and thats causing us problems with any. Its another seemingly small but significant consequence of the u. K. s messy divorce from europe. From cyprus to china the country is rolling back a twenty five year old ban on the use of right horns and tiger bones and Medicine Transcona said it will allow certified doctors and hospitals to use parts from animals raised in captivity excluding zoo animals illegal trade will still be promised that the chinese Conservation Groups offer described the move as a significant setback for efforts to protect the animals from extinction they fear
the decision will lead to increased poaching of the fewer than three Forty Thousand rhinos and Four Thousand tigers still left and what. The rest of your business updates every all thankful. I was here when i arrived here i slept with six people in a room for the ninth and mount it was hard i wish. I even got white hair as the. Language and not off base keeps me and punch me be in charge. Its the same if you want to know their story the muslims are fighting and reliable information for margaret. We make up of what we watch as a faith that found out the truth but we all miss Summerson Offices with the monster the continents future soon to be part of it and join our Number Stores as they share their stories of their dreams and their challenges the Seventy Seven percent
platform for africa charting. People make fun about their own social economic and political problems. In mozambique we say that you asked laughs so you dont write its how people call me a day to eat breakfast. As i often call called this caucus in the bag by listening to less local to them hey i just asked my day by checking all to all those Jobs Finding Out what people are talking about what is moving them. My father taught me how to ask uncomfortable questions about my country and about to book that is what i keep doing to the state my name is now diesel and i work at