rwanda's first ever car factory is now up and running. but with only five thousand cars to roll off the production line for now. doing it and. searching for a place to park all its causes. emissions testing could. be filled also coming up the green light for disney entertainment giant is one step closer to taking over a film studio fox the department of justice. this is your business update. has opened a new factory in rwanda for v.w. facility on the continent following in the tire tracks of south africa nigeria and kenya but the german comic came to rwanda not simply just vehicles but to try out a new strategy car sharing and writing services as well. some

finishing touches just before president called me arrive to launch the first ever car made in rwanda or at least assembled here with parts from south africa. creating industry is something that we really want to build and this shows that. you can actually find the right conditions to be able to say it's a very good story and i'm very excited about folks thousand pounds to build up to five thousand cars annually in rwanda creating a brand new jobs. the twenty million dollar investment as part of the german carmakers expansion into the sub-saharan markets v.w. won't only be selling cars but mobility to. africa the total population is what probably about one point two billion people at the moment of the one point two billion billion people you have maybe one hundred million who can afford a new car if that number twenty thousand dollars plus minus to buy

a vehicle however the millions and millions of people who have a few dollars in the pocket and need to go from a to b. . conceives rwanda is a business focused country with a tech savvy youthful population so rwandans will soon be able to book and pay for car sharing and write hailing options via their mobile phones the op wasn't developed by an international tech giant but by everyone didn't start up. with had any test six months working nights before this app and today it's it's really we're really grateful very happy very proud of the products have been able to deliver and he's very proud of the feedback that we've got so far the mobility concept aims to address in the through and as transportation and congestion problems as the galley grows traffic jams have become commonplace to get around the city people often hop on the back of a motor taxi. it was a bit of time when traffic actually affects their productivity as

a business or individuals and so this solution of sharing. cars is the very important component of helping us money and what we're trying here is not just an experiment for one boy it's something that we believe could be the key for many countries in africa to create demand and industrialization with that as a small country rwanda doesn't present too great a risk for the w. but the investment could mark the beginning of a new journey. answers and across his reporting from kigali in rwanda suzanna just five thousand cars planned for this first phase as we heard at all of the parts are important is it still worth getting excited over. yes you are right the current scam as so-called completely knocked down kits from south africa to rhonda and they have to be assembled in the country to become the new car that will be sold here in the country but you have to consider that this is. going to has to begin from

scratch here and when there's no automotive industry until now and that is how folks work and also started over twenty years ago in china so they have to get started at one point that's what thomas schaeffer told us today at the event if you want to believe in the future you have to start at one point and they consider the sub-saharan african market and marchin importing important market so yes it was an important day for folks wagon it was also an important day for one which was shown by an incredible media coverage but also the president come to came to attend the opening and to to visit the new facility so the first steps in a much longer journey but what does full get out of the venture why i go to rwanda what are they getting out. for one for folks we're going to run it as a test run for new mobility solutions so folks wagon knows they want to do things

differently on the african market they also have to do them differently the objective is not to build cars for everyone but to find and provide mobility solutions so folks we're going to now the first car maker on the continent to implement. the strategy with the right hailing and car sharing concept in africa and maybe kigali is just the right spot for it kigali is a one point two million in heaven inhabitants capital city and they decided to experiment here with for the first time one hundred and fifty cars that they will use for right healing in labs in nigeria if you would try the same experiment you would maybe need two thousand cars and that would be a much higher risk all right surreal and. quite interesting to foreign across thank you very much for that i'm back in germany it looks like these will gates is called the supply chain so unprepared for the amount of emissions testing required they're

renting vast swathes of parking space above unfinished you paul. a much delayed airport losing money by the day and bottled car giant in desperate need of storage space two national embarrassments that have however implausibly come to a mutually beneficial arrangement berlin's future airport has to store thousands of fog starting cars as they await new emissions tests so how is the idea going down. if it means that berlin takes in more money which can then be used to refinance the airport then i'm in favor of it being used as a parking lot for v.w. . it will take a while before the airports ready and there's enough space so why not make use of us. in. the diesel emissions scandal forms the backdrop to the story from september first vehicles that haven't passed tough new emissions tests

won't be allowed on the road b.w. has been busy money factoring cars designed to pass the tests but since so many of them have been given the green light yes it's now facing the problem of where to store them in the interim delivery of some two hundred fifty thousand vehicles could be delayed as a result. rivals dime learned b.m.w. are ahead of b.w. with several models are already approved for the delays are partly due to complications arising from the emissions. cuts for the air force authorities now hope it will open in twenty twenty nine years behind schedule. so let's leave cars behind now look at some movie magic walt disney has been given the go ahead to bid for assets to twenty first century fox and you trust regulators did lay down some conditions though ordering disney to sell its regional sports networks within ninety days the seventy billion dollars is for the f.x.

network and the studio that houses the x. men franchise. and market superhero now you're watching this from wall street so yes regulatory approval a big step of course and the takeover so is this a done deal. not quite disney definitely got the big step closer to actually do the biggest acquisition in walt disney's history they have been on of buying spree they bought the superhero loaded marvel entertainment french shaista they bought lucasfilm and was there the rights to the star wars empire but there is still a chance that their cable operator comcast actually could try and come up with a higher bid or originally in december disney put down fifty two billion dollars on the table then. actually said they're going to pay cash sixty five billion dollars now we are at a good seventy one billion dollars so it's not

a done deal yet but disney did get a step closer and the stock was well not down as much as the broad market ok in all has hit its best closing price since twenty fourteen does this mean big bucks for us shale oil or is a sign the country isn't producing an awful who knows even both. well i mean one thing is certain that the demand for oil is still pretty high and then with the announcement of possible sanctions if countries import oil from iran starting in november is causing some turmoil on the oil market oil was already up quite a bit this session and now on wednesday we had as you mentioned the highest level since two thousand and fourteen well the u.s. is exporting a record amount of oil but the problem with oil is oil is not there's so many different varieties and you can't just replace one oil by the other and then by the

way there was also news that saudi arabia is thinking about it to actually pump eleven million dollars of barrels of oil a day there would be a record but still prices are reaching a year highs so the bottleneck in oil is tightening but that won't remain that way for long against coal to thank you very much for european soft drinks makers are running out of it is a shortage of the industrial carbon dioxide that puts the bubbles in to be as soft drinks as left pubs and supermarkets struggling to meet demand the c o two is obtained as a byproduct of the manufacturing of fertilizer but then we can market for the cultural product is that to a decrease in the bubble enabling substance the timing couldn't be worse and the parts of europe have been enjoying unseasonably hot pleather since may triggering a surge in demand for complex of drinks. and it's time for a last sip paul of the old business update today don't forget to check us out

almost social media frenzy on that i'll be back tomorrow with more same time same place saucy about.

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