:00:00. > :00:00.Those are the latest headlines from BBC World News.
:00:00. > :00:00.Now for the latest financial news with
:00:00. > :00:21.The smart money says all eyes on Africa when it comes to investment.
:00:22. > :00:24.From Google to China and the US, all falling over themselves to lay
:00:25. > :00:27.And now African leaders are pitching their most bankable projects
:00:28. > :00:32.in London to bag a slice of some $7 billion up for grabs.
:00:33. > :00:34.The great Chinese slowdown: China's factory bosses remain gloomy with
:00:35. > :00:45.the latest numbers at their lowest level in more than three years.
:00:46. > :01:02.Welcome to World Business Report, I'm Aaron Heslehurst.
:01:03. > :01:07.Give me nine minutes and I will give you a fascinating snapshot of all
:01:08. > :01:08.the latest in the world of business and money.
:01:09. > :01:12.It seems like the smart money has its eyes firmly on Africa when it
:01:13. > :01:15.Google's ploughed millions into the continent and China
:01:16. > :01:18.and the US are falling over each other to lay their stake.
:01:19. > :01:21.Now the heads of state from 10 African countries are out to
:01:22. > :01:25.impress the money men when they present their countries
:01:26. > :01:28.most bankable projects to investors at the Global African Investment
:01:29. > :01:35.According to FDI Intelligence, Africa is the world's
:01:36. > :01:41.fastest-growing region for new foreign direct investment projects.
:01:42. > :01:43.Africa enjoyed a 65% increase in new capital investment in 2014,
:01:44. > :01:46.with foreign direct investment totalling an estimated $87 billion.
:01:47. > :01:52.Now a lot has been made of Chinese investment in the continent.
:01:53. > :01:57.But as you can see here, China in fact only just make it into the top
:01:58. > :02:02.Despite the recent instability in the country Egypt is still
:02:03. > :02:13.the number one destination for that money, with Angola
:02:14. > :02:26.As you might expect, a lot of that money is going
:02:27. > :02:28.into the oil and gas sectors, but investment in real estate
:02:29. > :02:35.and communication infrastructure and technology is also on the rise.
:02:36. > :02:43.Alan Cameron, Africa Economist at Exotix.
:02:44. > :02:50.Thank you for waking up and coming in so early. It is interesting that
:02:51. > :02:55.the leaders will be here, because you wouldn't think they would be
:02:56. > :02:59.getting down to this, maybe they are here for a party in London. $7
:03:00. > :03:07.billion isn't really a lot of money, is it? To put that in the context of
:03:08. > :03:15.the general African economies, if you include North Africa you are
:03:16. > :03:20.looking at $2.1 trillion, so the fact that the investment is going up
:03:21. > :03:26.to 84 billion, that is not an incredible amount of money. You
:03:27. > :03:37.would hope that 24% of GDP would be investment, around $400 billion. We
:03:38. > :03:41.keep hearing about Africa as the next frontier, the place to be, but
:03:42. > :03:45.from what you are saying, if it should be 200 billion and it is only
:03:46. > :03:57.87 billion, why aren't we seeing that? Won't be seeing more? We are
:03:58. > :04:06.coming from a low base, and there are a lot of obstacles to investing.
:04:07. > :04:10.I think we are at an early stage, and... Are investors worried about
:04:11. > :04:15.corruption? It is a word that comes up a lot in the African continent,
:04:16. > :04:20.it is very hard to have an interview in Africa and not discuss
:04:21. > :04:24.corruption, but it is an obstacle that people learn to do business
:04:25. > :04:29.with, and it is not the highest on the list. There are issues like
:04:30. > :04:37.finding local talent and finding capital, but it is hard not to
:04:38. > :04:48.discuss it. Typically you might ask the question what Africa needs in
:04:49. > :04:54.terms of investment. Africa need things to create jobs, doesn't it?
:04:55. > :04:58.You can look at low commodity prices is an opportunity to drive
:04:59. > :05:02.investment in different areas, ultimately commodity investments
:05:03. > :05:12.tend to be capital intensive, they don't use much jobs, and they have a
:05:13. > :05:14.high import content. What Africa really need is investment into
:05:15. > :05:19.manufacturing, things that create jobs. We all talk about the great
:05:20. > :05:24.demographic vault, a new class of consumers, and we need jobs for
:05:25. > :05:30.people to buy things for this new consumer class to evolve. And also
:05:31. > :05:38.while we are seeing wage increases in the likes of China and Vietnam,
:05:39. > :05:41.we may see a big shift. I can't let you answer that because I have to
:05:42. > :05:45.wrap it up. Thank you very much.
:05:46. > :05:47.The continued slowdown in China: Manufacturing activity in the
:05:48. > :05:50.country slowed in November for the fourth month dropping to the lowest
:05:51. > :06:02.Rico Hizon is in Singapore with the details.
:06:03. > :06:08.What is interesting about this, and correct me if I'm wrong,
:06:09. > :06:10.manufacturing continues to be weak but the services
:06:11. > :06:18.I can only imagine the officials in Beijing will be happy about that.
:06:19. > :06:29.That's right, but overall the Chinese economy continues to
:06:30. > :06:33.struggle and this latest data highlights the economy shifting
:06:34. > :06:37.focus from manufacturing to services in a way that is proving to be quite
:06:38. > :06:46.rocky. You mentioned that this is being attributed to the
:06:47. > :06:55.rise, particularly being driven by the online sales on a single day,
:06:56. > :07:01.the 11th of November. It is like cyber Monday in the US or
:07:02. > :07:08.Thanksgiving in the UK. Alibaba .com made about 14 billion US dollars in
:07:09. > :07:15.online sales. Of course, there is still that the main economic engine,
:07:16. > :07:18.that is manufacturing, and it was at its weakest in more than three
:07:19. > :07:25.years, shrinking more than expect that a of November. The Purchasing
:07:26. > :07:30.Managers' Index now stands at 49.6, and anything below 50 indicates a
:07:31. > :07:34.correction, so there is still a lot to be desired despite all the
:07:35. > :07:40.interest, rate cuts and else that has been implemented by
:07:41. > :08:12.the government and the people's bank of China.
:08:13. > :08:16.BAT says it does not tolerate corruption.
:08:17. > :08:19.Japan's largest media group, Nikkei, has completed its purchase of The
:08:20. > :08:21.It's the biggest international acquisition
:08:22. > :08:25.Online subscriptions now account for around 70-per cent of the
:08:26. > :08:28.While questions have been raised about editorial independence,
:08:29. > :08:52.the FT's chief executive believes the acquisition is a good fit.
:08:53. > :08:55.As part of the BBC's series 100 Women we've been meeting young
:08:56. > :08:57.female entrepreneurs, profiling 30 businesswomen under 30
:08:58. > :09:02.We'll be going to the UAE in just a moment, but first to the US where
:09:03. > :09:05.It's a mobile app enabling children to create
:09:06. > :09:12.Sometimes there is a higher bar for a marathon, not a sprint.
:09:13. > :09:19.Sometimes there is a higher bar for someone to take me seriously because
:09:20. > :09:26.I am a female. This allows anyone to easily create their own programmes.
:09:27. > :09:29.Right now a lot of kids use it, they are fearless and Buddhist dive into
:09:30. > :09:35.something and start programming, because Nvidia told them they can't
:09:36. > :09:43.get. My name is Samantha Geimer, I'm 29, and my business is Hopscotch to
:09:44. > :09:49.technology. Don't forget you can get
:09:50. > :09:52.in touch with me and some of The schools inspectorate, Ofsted,
:09:53. > :10:02.has warned of a growing north-south divide in the standard of secondary
:10:03. > :10:06.education, and says the children of