in funding at the mobile world congress in barcelona we show you what's on display . welcome to do business africa want to get in berlin glad you could join us and we start in nigeria where investors reacted with mixed feelings to the election victory of president hu how do. the nigeria stock exchange dipped following the news hour is one a second term at the helm of africa's largest economy and top producer he defeated his more business friendly rival. in a moment we'll go live to lagos but first this report. after an election marred by violence and allegations of fraud president biharis victory has had the stamp of approval from nigeria's electoral commission. you need. thank.

you. thank you to. his supporters may be ecstatic but bihari has a daunting to do list before him nigeria's economy is still struggling to recover from a twenty sixteen recession and nigeria's army is still fighting an islamist insurgency that killed thousands of people to hurry campaigned on pledges to fight corruption and overhaul nigeria's decrepit road and rail network in the final quarter of last year nigeria posted year on year growth of two point four percent the highest since twenty fifteen. so what does this mean now for nigeria's economy let's bring in. krishna joins us in lagos adrian is the election outcome good or bad news for nigeria. well of course it depends very much on whom you are talking to if you

speak to the government and their representatives they will tell you of course it is great they can continue another four years with their mission their campaign slogan was the next level and that's what they want to do now push the economy forward as well but if you talk to the opposition but also to business leaders in the commercial capital lagos the picture is quite different many are compare complaining about governmental interference that they call ineffective and you need to know that president obama ever since he was a military ruler of the country in the eighty's has been a supporter of political interference in the economy and starts for example was there interfering in the exchange rate in the currency. exchange rates and it goes down all the way to ban certain imports often with good intentions but not very often with the success let's take for example rice imports banned rice imports what happens the local rice production increased yes it was a success but it still cannot cope with the local demand and this is why there's

a lot of smuggling going on of rice from neighboring countries another example the tomatoes for example also bans tomatoes to increase local tomato paste production ali couldn't go to africa's richest business men opened a tomato paste factory but then it turns out that the tomatoes that are locally produced here are not the right kind that you need to produce tomato paste so the factory shut down and right now we have a scenario whereby if you buy a nigerian tomato paste this hobby and the tomatoes inside instead they use a lot of substitute products ok so a lot of interference and not always having the result that was intended and as i mentioned earlier investors are not too enthusiastic about the election results but at the same time recently pledged that he would to make sure that the infrastructure railway roads that all of that would be overhauled and that will surely open opportunities the business right. well i mean certainly for businesses that are involved into construction and that they're getting these the governmental

contracts and indeed the government has been investing heavily into infrastructural projects in the past four years the railways for example but here in lagos for example there's many businesses who do not really profit off governmental contracts and i talked to some business leaders earlier and they told me basically that they see the government as a negative thing in terms of their interference especially when it comes to tax collections they complain that there's various governmental tech cell therapies and institutions that are trying to collect different textures and very often it is not clear to them which text with they have to pay now sometimes rules are changing overnight and they constantly have to employ lawyers to see which texts they are really have to pay for which texts not just the government insists that they keep on increasing their revenues they need more revenues this is also what the minister of finance recently said they are thinking about increasing the value added tax because it is clear the government needs money to push development for this country forward but on the other hand you also have to understand business leaders who say well we don't see the money getting to the right places you have to recall that

we're still in the country where most of the roads are full of potholes and where most businesses rely on generators to have steady electricity all right and just very briefly adrian i mean he's obviously been in charge of ready for for years now and he's been interfering a lot as you mentioned the economy has recovered a bit so the next few years what's chances are that he's actually doing the country good he has to keep on diversifying the economy if we talk about africa's biggest economy it's basically all about oil at the moment and that has to change because the economy is still growing much slower than the population of the ticking time bomb under boris watch the unemployment rate went to more than twenty percent and that is a problem. reporting from lagos thank you so much. the mobile world congress in barcelona is in full swing bringing together the brightest heads in the telecommunications business and was sound is just one of several startups from africa attending this year's congress the busy trade fair office

opportunities for networking and sharing ideas. most sungai translates as faster which perfectly suits the logistics from zambia in my new way quinta is its chief financial officer the company has twelve employees it provides on demand delivery to five hundred customers across and be out like many of the other delegates from startups here at the m w c and barcelona is on the lookout for business partners in an hour he'll give a presentation on his company and his hopes are high so there's a lot i'm expecting from us at all the start is a good intermingle with a lot of investors a lot of people interested in the just experienced who want to partner with us be true funding to be true up to see how we can work together technically and also i think there's a huge opportunity to learn how other people in the same space. to do the business know what new ways that they what new ways they implementing and doing that

business. start ups are becoming an important focus of the mobile world congress and all the billiard tables and football tables and of course the food vans. an international trade center program helped fund for african startups from senegal and uganda to come here they include a service provider for mobile companies from dhaka and solar plant specialist in a vixen from kampala. if we were big business i would definitely pay for myself to come to bus elena i mean it is wonderful and up in new was but most importantly. the technology is that affecting the wilds. globally. but given our situation. it was not said business parity but thanks to support from the international trade center we hear a program like that it is meant to develop capacities into connect tech start ups

from emerging countries especially for as in all that down there and sending out to global into a general markets. it's nearly time for emmanuel quinta to go on stage just a year ago his company received a grant from the british government's development organization u.k. aid and his travel to barcelona was sponsored by two he's clearly got it when it comes to what investors want to hear all revenue model works with us collecting as much as thirty five to sit on every transaction. after just five minutes it's all over i think the pitch went well communicated and what we do and i look forward to hearing from other people in the same market just immediately after them after the pitch about approached by someone from germany who wants to know more about what we're doing and is in the similar space which is what we're here for meeting like minded people so it looks like the long journey to barcelona has definitely been worth it. and here is some of the other business headlines around the world today.

according to the german magazine german chancellor angela merkel is seeking a no spy agreement with china so the germany does not have to exclude she away from building a five g. network in germany she way is facing intense scrutiny in the west over its relationship with the chinese government and allegations of enabling state is pure nash which it denies. german chemicals and pharmaceuticals joined to buy a house reported a sharp drop in profits for twenty eighteen after taking over u.s. acme chemical for monsanto net profits tumbled seventy seven percent to one point nine billion dollars as costs from the mega merger of burton to the company's bottom line. investors are keeping an eye on the second u.s. north korea summit currently underway in hunt noir washington is pushing ken young to give up its nuclear weapons program in exchange for economic development a breakthrough with boost trade opportunities with north korea. and us oil prices

surged two and a half percent off to saudi arabia signaled that it would stick to oil production cuts that's the spied pressure earlier this week from donald trump to moderate prices saudi arabia plans to extend the supply cuts into the second half of this year. now in a secular countries it is often regarded as an instrument of women subjugation the he job now french sporting goods retail lead the company or scrapped plans to sell a huge opt for women runners in france following a public outcry it was meant to offer muslim women a way to participate but french politicians said the running he job contradicted the country's secular values there were threats of a boycott until retailer decathlon buckled under pressure from angry activists. don't be needed to your know is promoting a garment that's actually

a confinement of women's bodies these women should be doing sports but it's supposed to be for the liberation of bodies and excellence this shocks me don't just. get to kaplan said it had received hundreds of calls and e-mails in protest of the job and that staff in stores had been threatened but not everyone is offended if companies the women should do what they want and i'm afraid if they can't put this on they'll not do sports simply almost as if you're a commercial decisions sports has nothing to do with it why should they cut lawn not sell this. to camp on the still selling the item in morocco muslim women in france can find he jobs at nike stores the us sports where giant introduced the product last year and that's business africa thanks for watching.

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british. to. search march. g.w. . this is do you know you news live from berlin donald trump's former attorney testifies to congress. reduced i suggest to just a trump i regret all the help and support i do think along the way michael cohen unleashes a torrent of allegations against the u.s. president the white house says they're all liars like the second summit between the

leaders.