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tv   Business - News  Deutsche Welle  January 31, 2019 7:15pm-7:31pm CET

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determination and heart of a young person it. could have even hopes to add to her medal collection at her next competition in germany. thank you don't forget to get all the latest news information around the clock on the website that's the w dot com d w that business africa is next but. if you ever have to cover up a murder best way is to make an accident. raring to. never read a book like this. list. the streets. celebrate one hundred years of. and join our competition. of mint impacts your world for
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a chance to win one of three lighter cameras. follow us on instagram tag. using hash tag powerhouse one hundred so get nothing. find all terms and conditions at g.w. documentary on instagram. this is the future of three nubile energy in plentiful supply across africa will rock or no makes the best use of the sunniest spot on the biggest solar power station in the world. africa's mobile penetration is rising steeply take a leaf out of south korea as well can see how it became the leader in the east sports in this for. the show the heartbreaking story of a woman who lost all. blended up playing the problems.
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welcome to africa business africa own. in morocco the biggest solar power plant in the world just keeps getting bigger since twenty sixteen more and more panels have been added to the system on wednesday the latest chunk of it went online it's a solar success story no one was up to two hundred fifty kilometers outside mark cash is getting sunshine nearly three hundred sixty five days a year making it one of the sunniest places. the sun is morocco's black gold and it's even being tapped with these meter high panels in the world's biggest solar power plant the energy system was built in phases and has been gradually fed into the grid. now it generates five hundred eighty two megawatts of power that's roughly happen as much as
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a nuclear plant this solar plant can provide two million moroccans with electricity . for the. in addition to morocco's wind and hydroelectric strategy we seek to reach forty two percent of self-sufficiency in the horizon of two thousand and twenty. with the current results i am almost certain that we will manage to reach this goal. morocco has need to petroleum nor natural gas instead it spends billions to import these fossil fuels and even draws electrical power from spain the underwater cables the country's dependence on foreign fuels should be reduced thanks to the new solar power system even more gigantic solar plants are in the works and are expected to be online in the years ahead and there are plans to sell solar power to europe one day the burning sahara desert could one day become a hot export. well look at
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a bit further south there's another technological revolution in the making and sub-saharan africa mobile phone penetration still remains very low at the moment less than half the population across that region owns a phone but that proportion is growing fast and mobile technologies account for seven percent of g.d.p. across the region already generating about one hundred ten billion dollars per year that offers opportunities for many african businesses google play the app store for android devices now allows developers from some african countries to earn a commission directly from apps sold on its platform it's a major opportunity for mobile games producers in africa globally the likes of pocket mungo and candy crush accounted for nearly half of all revenue from all apps africa's games industry alone could be worth six hundred forty two million dollars by twenty twenty one that is more than double what it was just two years ago so
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some out developers on the continent could be set to rake it in sub-saharan africa that could take a leaf out of south korea's book the gaming industry that experienced an unprecedented rise in the last decade especially in east sports that's competitive computer gaming these asian tiger economy is a global leader and as mobile penetration is still on the rise across africa entrepreneurs then should look at the latest trends mobile e-sports professional gaming on smartphones. when south koreans best computer players compete it's more than just a simple game legal for legends the game of choice mixes strategy and roleplay a benz designed perfect for you sports on a sunday afternoon four hundred fans flock to the league of legends e sports arena in central seoul to watch rivals s.k. telecom versus time one gaming church one of my favorite team plays today plus it's
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my winter vacation and i really couldn't wait to get here with my friends i think i spend around one hundred dollars a month on each sport tickets and fan merchandise. twenty two year old east sun york or faker is considered the greatest player of all time experts estimate his yearly income to be three to four million dollars making him the highest paid athlete in south korea teammate kim to mean explains the effort involved all. i usually spend around twelve hours training i started my career when i was very young other than that it's important to have a strong mindset and willingness to succeed as an export player game developer right at games plans to invest one hundred million dollars over the next decade. among the younger generation in korea each sport is a popular as traditional sports such as football or baseball or even for regular league match our stadium was filled to the very last seat in the korean e-sports in
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the three also has its eye on the burgeoning mobile gaming market thanks to state investments and a strong passion for gaming south korea established itself as a mecca for sports with big markets emerging such as china it remains to be seen whether korea can keep its dominance position the growth of mobile gaming however office new opportunities for the industry finished game developers critical force have created a first person shooter game designed specifically for mobile e-sports in two thousand and sixteen they received a four million dollar investment. buy a korean game creator and set up a branch office near seoul there are so like only rare cases where example european companies have been able to conquer asia from europe you have to be here where all the action happens fifty seven million people have a lot of the game it attracts one million active users every day the finnish developer expect the mobile market will soon dominate the industry. thousands of
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people in god have fallen for tricks and invested their life savings in a. millions of dollars a lost and best as were promised a monthly ten percent return on that money it was to was to be used to buy gold on their behalf experts are now calling for public education to raise awareness of these. if something sounds too good to be true it usually a. fifty year old juliet is desperate and worried. she struggles to walk well after suffering a mild stroke in twenty eighteen. juliet's condition started after learning that her fifty thousand dollar investment had gone bad she was promised ten percent monthly returns on her money but it turned out to be a ponzi scheme. i've been badly affected by this issue my brother i don't even have one cd i don't have money to even buy food to eat nice.
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juliet's financial crisis means her eighteen year old daughter esther has to stay home instead of going to the university. there's no money there's no money. to invest. in the house and. juliet is a month thousands of ordinary gun means that invested in a company called men's gold. deposits taken were used to buy gold bars and sold for higher returns but the company didn't have a license to deal and go. investments worth over two hundred million dollars from customers many of whom are traders in markets like this have been locked up. largely by the. how to make much income month.
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that means investment schemes promise hard with things becoming appealing and i talked to. the bank of gonna regulates the financial sector in the country and warned investors against doing business with the company the government says it will not intervene and bail out victims government come out and will not use the taxpayers' money which is interested in this kid which in the responsible government must hold in trust for the people who should sources must be used for the provision of such i mean it is like groups school infrastructure was put tools etc etc investment experts say public education on investment and associated with six will be crucial given forward. come back to our story about game development in africa we now have managed to make contact with our business correspondent george arena in nairobi joy just how big is this the kenyan mobile game development
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scene kemet emulate the korean success story we heard about it. well saying that it will emulate the korean scene is just only a matter of time but all i can say for now is that kenya is quite big when it comes to the gaming development scene because they are talkers the east african region and maybe east and central africa as well because at least three of every five smart some gaming ops on them so that can give you a good picture of how the gaming scene easily given up developments in in kenya today. the developers in kenya can now sell their ops on google play or increasingly do so why has it taken so long and what has changed. about two things first of all is the authentication process or the approval process to say
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because what we have seen more of is that it's taken longer for this authentic asian process to you know for the ups as well to go through these integration or approval process and then the other issue is maybe there's lawlor awareness of how exactly these app developers can market or sell their absence well but it's not been as difficult with google play as it has been with apple or at last because it's been more restrictive on that end compared to google play and a lot has changed of course since they now can be able to do that because it's sort of put them on a global market to now be able to compete globally with the other app developers from around the world so how briefly if you can how similar are the trends in kenya to what's happening globally is kind of is lagging behind a couple you. definitely lagging behind because if you look at the demographics of the people who use these apps you could actually put that between the ages of
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eighteen and thirty five and if you look at those demographics deal and the uptake of technology you could actually say we've got quite a long way to go but compared to other african. i think we actually can see these a lot of progress that has been made and that progress is what needs to be monitored because kenya is doing quite very well when it comes to technology development. robey thank you very much. and that's it for me and the business africa team and. do check out our website if you can.
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get pretty full something new on the w. news often bringing you stories cross the major stories that shape our world. for the new definitely is africa. more intrigue on international talk show for journalists to discuss the topic of the week fair as well as bracing for further protests as its embattled president targets a young leader who many venezuelans hope will break the grip of the corrupt totally
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