for you feet look to zimbabwe. and here we are hopefully. there we are welcome to do business africa want to get jones good to have you with us now we're starting in nigeria where the co c.e.o. of online retailer jim iesus africa's potential for e-commerce is bigger than in any other region of the world speaking in african business magazine jeremy who doris suggested the continent's lack of traditional brick and mortar retail structures meant that e-commerce companies could corner the market there jimmy are often referred to as the amazon of africa has expanded rapidly but it's still

racking up losses in lagos based company is also reportedly set for an i.p.o. of the new york stock exchange in the coming weeks as key investor rocket internet's off the lid and is seeking to cash in on shares worth up to two hundred fifty million dollars rocket however is not commenting. so let's get some comments instead from our studio guest and that is moses' aka the founder and c.e.o. of afro lincoln that's an african entrepreneurial conference based here in berlin first of all it's great to have you here with us but you make all for that statement that africa is on the verge of an e-commerce boom i think that that is actually an interesting statement and such a good one because definitely if you look at the starts is enough. there has been a lot of luck of infrastructure but the access to internet has now made possible for businesses like jamia to be able to really skillful i mean like you said

that they are still kind of making losses but i would say that there's a lot of integrated services that are coming our own with this whole ecosystem and basically it's a chilly making it possible for many people that i know have access to the mobile phone isis the internet to be able to buy things that normally they would not be able to have access to because you don't have the infrastructure you don't have hands on physical retail. at least not in the way we would have in other parts of the world so so this this online shopping is is is really is that the only reason why it's it has such potential i mean so you look at it like there's a rising growth when it comes to shopping malls also being established and it was because of culture traditionally people have what we call seeing is believing so you have to have a feel of it now it's exactly now with access to internet there is what we call trust and reliability so business like jimmy are now proven that we can actually

not just the e-commerce but the logistics the whole customer support now there is the trust the husband built and people actually know how to have things that can be delivered to them and their convenience and again you know most of the african countries what you hear first is traffic so why should i stay in traffic for many hours just to get something that i want or even tested and if i don't want to take it back so with businesses like julia i think this is actually because of what you need for them and that is why i did actually caution and know and they're successful i mean i've found read somewhere that in twenty sixteen so almost three years ago now became the continent's first stop to be valued at over one billion dollars we also heard of course that they're still making a loss that they are successful what does it take to be a successful startup in africa so one thing is this for julia like i said it's an integrated services first is that all one platform where you can buy things but of

course we would not see immediate profits but they actually build in the services our own at the logistics are on the warehousing these are the things that of course would take profits away into all the infrastructures that i have to set it up but i think that they have allies on the access to internet and that is actually making it more successful and of course policies also making it possible they also understood the market one thing as you see rockets was one of the key investors that actually made you know. yes they did not just say we have bring in foreign or international knowledge on to the market but what they did was to integrate it with the local experts to get the right business to get the right model and i can see over the past few years they have been evolving they see that ok maybe dist doesn't work in this particular market but then it works in the other particular markets and then they keep on evolving and i think that is what is making them successful or at most a very very briefly because we're running out of time this i.p.o. is a good thing absolutely it is a good thing and of course i hope it helped and soon but the reason is that this

i.p.o. is actually going to open access to other investors to come in it's going to build a stronger awareness is going to build a stronger brunt and is actually going to help all the infrastructure is that not currently available for junior to be more profitable to be able to be more profitable and sustainable and i think the business is relevant to the people in africa and that is why i think it's good that we go for that if you fantastic most thank you so much for your time and for joining us in the studio thank you very much. well moving to north korea now and the u.s. both of them are going up for their second summit in vietnam's capital hanoi which actually is taking place the thaw in relations not only between north korea and the u.s. but also with south korea a spot an unlikely boom the so-called de-militarized of the militarized zone between north and south korea which in reality is one of the most heavily armed places in the world is becoming prime real estate more and more investors on moving

in. it may not look like there's much here but kim ensue is convinced he's walking on a gold mine. and over there behind those hills is the thirty eighth parallel from here it's about five kilometers to the demilitarized zone and another four kilometers to north korea. the village of hemmer who lives in the civilian control zone a buffer strip south of the demilitarized zone that separates north and south korea you can only enter here with a special permit. that hasn't stopped him in sioux from buying up some six hectares of land here more than a decade ago since then he says it's more than tripled in price to some four hundred thousand euros and he thinks the best is yet to come. from that train station over there you will soon be able to go to pyongyang london moscow beijing

anywhere you want to go in the very near future when people see the train lights they will say oh this train is going to london this one to germany. going to get to the right now it still takes a lot of imagination to see a bustling border town come to life here but like him in sioux people and him a village have their eyes set on the u.s. north korea summit positive signs could give prices here a real push. after the first direct meeting of south korea's president moon and north korea's leader kim jong un last april land value here doubled overnight now if that makes you want to invest good luck finding a seller because no one here is putting their property on the market right now. but if someone does. knows where to find them. he runs a real estate agency in the nearby city of pardew he to foresee

a bright future he will. want to not only myself but also many of my clients are optimistic about the second summit what i want for expectations are met then many more people will come here not only to invest but also to live in this area. that's also what clients are banking on they hope the government will develop this area and create special economic zones once relations with the north permit if they ever permit that is. not that i want any type of investment is risky but i'm optimistic about this area sometimes the relations between south and north korea will fluctuate but in the long run they will improve. after this summit in her noise investors here will likely see clearer if the risks they've taken will be rewarded any time soon. now it's

a success story especially considering same bob waste long term economic crisis in the southwest of the country a small factory produces shows that it ships around the world the handmade from exotic sustainably sourced to leather in fact the company is so successful they can hardly keep up with demand. the fourteen employees in this small shoe factory in zimbabwe can hardly keep up with the orders they receive from around the world. they only produce thirty pairs of shoes a day but then these shoes a very special. sack arouse royce. that specie when you carry twenty people put them on they don't have to break them in that list is nothing they just put it on and out like everyone put it back. each pack is made by hand the lever comes from free running buffaloes can use crocodiles or even hippos in

accordance with the convention on international trade in endangered species the cells are made of natural tree rubber all that has its price of course a pack costs up to five hundred u.s. dollars they're mainly exported to the usa europe and south africa it's a modern day success story the courtney's shoe factory was founded in one thousand nine hundred ninety four and has survived various adversities just a few weeks ago there were protests and riots in the area all the other companies shut down for a week except for courtney you were very busy at the moment. this ill is that it is one of the this is the his. suit in my life here. are very important. now and they're looking to expand their workforce and everyone there is hoping they remain successful and that these one made shoes from southwest

zimbabwe become a long running sales eight. and just enough time for this egypt's telecommunications ministry says the country will host your ways thurst cloud today to platform in the middle east and north africa the chinese telecoms company signed a memorandum of understanding with telecom egypt on the sidelines of the mobile world congress. currently taking place in spain way is a may just sell off concerts in egypt and wants to expand in africa including surveillance technology the continent's personal data protection laws are less stringent than in general. and that is business africa here on d w thanks for keeping us company.

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airport city managed by from a bought. there's d.w. news live from a major concession britain's prime minister says could be delayed. because the chance to postpone the u.k.'s departure from the european union parliament. again will bring you the latest from london to brussels also on the program. pakistan's army wants india to expect

a surprise after india says it targets inside pakistan's foreign minister says they were terrorists so that hundreds killed.