you're watching t.v. news live from greenland coming up in just a few minutes time it is business africa with earhart al fares i'm sorry kelly in berlin don't forget you can always check our website for the latest news and information that's a t w dot com or you can also follow us on social media thank you so much for watching i look at what. i subscribe to do you know where your books are something more in the world than what we may be ok after 5. books. closely. carefully. don't move those soon to be nice to do to.

discover who. subscribe to the documentary on. the. russia won't leave africa to china is pushing for close of business ties with african countries and more geopolitical sway probably because he is hosting the 1st russian africa summit as he seeks crisis influence on the continent for the western shawna already have a firm foothold. also in the show boeing's closely profits are down by volvo ha as investigators ended with indonesia blamed design flaws in the company's service for . said max model for the fatal lion a. business business africa on the w.i.

as well come it's a premier aimed at making a big impact hosted by russian president vladimir putin african leaders have gathered in the russian resort town of sochi today for the 1st ever russia africa something it's russia's attempt to jumpstart relations with the continent 3 decades after the fall of the soviet union which then was a major player in africa. but russia does not want to stand aside while other powers like the e.u. china india strategically increase their influence and investment on the continent putin has big plans in africa especially with regards to the continent's rich mineral resources and arms deals let's have a look at selected activities of russian companies in africa there's energy multinational lukoil that is involved in a natural gas development project in the republic of congo in sudan and the central

african republic a close ally of president putin has secured licenses for mining gold in guinea russian element in producer roussel is digging up bauxite and in zimbabwe russia plans once to dig for platinum until now russia's trade with africa was quite muted last year exports to and imports from the entire continent well valued at only $20000000000.00 u.s. dollars in comparison china's trade volume was 10 times as much africa's lyra largest trading partner well during that time was the e.u. with nearly $340000000000.00 of total trade russian officials have said that in the medium term they want to triple trade with african countries might be helpful that russia is still seen as a partner without heavy colonial baggage. our reporter went to the central african republic on the poorest countries in the world to find out more about russia's new

activities on the continent. russia's colors were on display at this new sporting event in the central african republic i. like kids from the capital gang he seemed to be enjoying themselves a good sign for the figures and sunglasses in the background russia has set out to win hearts and africa. with this woman says she loves russia for organizing the event not the. russian money was also spent on a beauty contest that crowned miss central africa the official sponsor at events like these is a radio station that promotes russian african ties ratty old lingo song go. so what's it like at a broadcaster that advertises for moscow. we don't get an answer to that question at its headquarters in a suburb of bondi but we do get to view an animated clip aimed at showing russians friendly feelings in their words the country's children it was paid for by law by

invest a company with ties to russian president vladimir putin a firm that was named for a region known for its diamonds the central african republic the government has granted low by invest a lot of mining rights here in the country wants to look for the precious stones more efficiently whether with russia or other partners. because of a privilege a new deal president has said that we are open to anyone who wants to cooperate in public private partnerships to exploit these valuable resources really the people who say this is the minister at the russian embassy he's with melo he's not hall of a security advisor to the african country's president and like i haven't seen is a man with power behind the scenes who's helped train it's arming. russians canel view that army on state television. 6 thought you get only a fraction of the trainers or officers from the russian army most of the rest

reportedly work for a private russian security firm for the opposition here that's unacceptable you don't have to work with a corporation we're working with mercenaries in our constitution it is forbidden that's why we are against the kind of relation so what's behind russia's new solidarity with central africa how much is about mercenary services or weapons paid for with diamonds observers say russia is simply using private business interests to help secure national interests on the continent but it's still early days in the political struggle for africa. i'm now joined in the studio here on that ship bello a colleague who has looked a little deeper into that story and from harare in zimbabwe correspondent privilege was been here he joins us as well let's start with you should want to kemah russia actually compete with china as a champion africa african business and doesn't even want to compete well it

probably cannot compete with china because it just doesn't have the deep pockets to do so it's far behind when we look at china we're talking about the belt and rolled initiative huge projects of infrastructure across the continent rolled well ways airports and ports build in several countries so it's going to be a long stretch and of course as we speak of china would also speak of tech giants like while way and trans the on who are also doing business on the continent are and are leading providers of tech equipment or gadgets to you know africans. privilege. we've we've had an example from the central african republic what is russia currently doing in zimbabwe. russia is currently interested in mining platinum if you years ago they signed a deal with the. government to mine platinum in what

is called the great day which is the belt that is. where most of the minerals in zimbabwe are located so they do is estimated to be more than 3000000000 so they are mostly interested in mining this block know they say and they do but it didn't come through at the time but we have seen the lover of the foreign minister coming to zimbabwe trying to revive this dues so that's what they are mostly interested at the moment. is russia what's the feeling there is russia welcomed as it were being met with open arms or are people skeptical about their engagement. if you look at the political live will. the ruling party side is accepted because you find the are looking to maneuver out of the political

economic situation that zimbabwe is going through but. inside the accusations of. middling into the electoral affairs of zimbabwe if you look at the 2018 elections so the opposition is skeptical about russia's involvement in zimbabwe but. ruling party side they want russia to come and invest in zimbabwe and kids take the credit that russia has helped them to revive the economy we see is not performing well at the moment. and zooming out a bit from the whole continent is russia's strategy that russia strategy oversleep realizing a kind of compete with the likes of china is to focus on sectors where it can do really well and those sectors would be defense energy and mining and that's why i like invested in zimbabwe the mining sector over there these are areas where it has

realized that it can actually. come up with long term commitments from african governments mining because it has a huge mining industry itself and its nuclear technologies can also be exported to africa hopes in the future and of course defense for which it is the largest supplier of arms to african countries. in berlin and privilege material in zimbabwe thank you very much. us although africa's parliament has approved a $4000000000.00 bailout for embattled park company eskom the measure comes just a week after the country was hit by another set of blackouts eskom is one of the biggest energy companies in the world but in recent times it's been crippled massive debt and outdated infrastructure the government says the latest funds must be used to pay off debt and not to finance operations.

boeing is suffering from the grounding of its best seller 737 that profits talk in the nosedive of 50 percent to $1200000000.00 in the last quarter the bad news keep on coming investigators in indonesia told relatives of the $186.00 victims today that the crash of the lion and jet just over a year ago was caused by a design flaws in the boeing jet families of the victims of the lion air disaster travelled to jakarta they were among the 1st to be told why the boeing 737 monks went down last october killing all 189 people on board. indonesian investigators told them the aircraft type included design flaws in its m cas anti stall system and that incorrect sensor data caused the system to fly the aircraft into the ground details the victims' relatives struggled to grasp. given

up by class in years without the result is out. but what happened has happened we just accept but whether i'm satisfied with the report no i'm not satisfied. because it feels like there bullying common people like us. you don't understand. the complete report on the crash will be published on thursday it's expected to reveal a further catalogue of deficiencies surrounding the new m. cast system the u.s. plane maker is still struggling to cope with events it recently emerged that the company's chief technical pilot had long ago complained about out of control software during 737 max simulator testing boeing only forwarded his comments last thursday in another development the company on tuesday ousted the chief of its crucial commercial airplanes division kevin mccallister. the aircraft itself is still grounded worldwide that's causing airlines around $100000.00 per aircraft per

day in losses money they want back from boeing. the lion air crash combined with the loss of an ethiopian airlines 737 max which also killed everyone on board make this the worst crisis in the company's history its effects will reverberate throughout the industry for years. and that's it from me have fun now for more business news and back on stories check out the w dot com slash business all web site also follow us on social media staging to d.w. business not our business but africa news on. the top of this quick look at global markets.

is going to tell managers. you know the banks and why and so watch the language of the bank. speaking the truth global news that matters w. made for mines. entering the conflict zone with tim sebastian. i'll be challenging those in power asking tough questions demanding. as conflicts

intensify i'll be meeting with keep players on the ground in. senses of. rushing through the rhetoric holding the pulse into account of the conflict. conflict zone between sebastian kong d.w. . this is data of unions africa coming up in the next 15 minutes the fair returns to africa russia as it's a focus on the continent and the 1st is about russia africa summit is under way find out why so many african leaders are keen on often a shift was lost. and needs to cindy and walters that cameron has a couple making it's been tossed book they say they're living the russian dream. lotus is able to either have caused a balance in the country's tight as the nation.