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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 ....
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eskom is one of the biggest energy companies in the world but in recent times it s been crippled massive debt and outdated infrastructure the government says the latest funds must be used to pay off debt and not to finance operations. ....
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. ....
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 ....
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 ....