it including the practice of sports medicine specialist mark s. who was arrested along with an assistant police believe he is a leading figure in the doping network. you're watching the deadly news coming from berlin up next after a short break d.w. business news africa will tell you about what the reelection of nigeria's president means for the country's economy a man everything thanks for watching. stories of people world over information. the means want to express. on facebook and twitter up to date and in touch from the us. donald trump and kim jong un round number two here in hanoi vietnam will the jew be able to hammer out a deal that is more substantial than the singapore agreement tentative steps

towards denuclearization in return for an easing of economic sanctions joining us we'll walk you through the events as they unfold here on d w news. much area a new president and invest in pressed. a second beating a more business friendly opponent we go to lagos to find out what the election results means for business and also on the show african startups gain 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 off president. the nigerian stock exchange dipped following the news while rees won 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. to. continue. to serve.

his supporters may be ecstatic but he 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's killed thousands of people but 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 governments and their representatives they will tell you of course it is great they can continue another four years with their mission that

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 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 the 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's 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 or tomatoes for example also bans tomatoes to increase local tomato paste production

that you couldn't go to africa's richest businessman open to 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 those surely open opportunities the business right. well i mean certainly for businesses that are involved into construction and that they're getting these 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 and they have 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 texas and very often it is not clear to them which text or they have to pay now sometimes rules are changing overnight and they constantly have to employ lawyers to see which text 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 a 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

a drain on me all these we've been in charge of ready for four years now and he's been interfering a lot as you mentioned but the economy has recovered a bit so the next few years what's chances are that he's actually doing the country good we 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 and then it's taking time bomb under the wrist 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. translates

as faster which perfectly suits the logistics from zambia in my newly quinta is it chief financial officer the company has twelve employees it provides on demand delivery to five hundred customers across. like many of the other delegates from startups here at the m w c in barcelona is on the lookout for business partners in an hour we'll give a presentation on his company and his hopes are high. so there's a lot i'm expecting from barcelona to start is a good intermingle with a lot of investors a lot of people interested in the logistics base who want to partner with us speed through funding through the through up and 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. i would do the business like what new ways that they have what new ways they implementing in doing that business. start ups are becoming an important focus of the mobile world congress hence all the billiard tables and football tables and of course the food

vans. and 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 bustle and i mean it is wonderful and up in your was but most importantly. the technology is that affecting the wilds. globally. but given our situation. it was once every 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 will done that and sending out to global interagency markets. it's nearly time for emmanuelle 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 to 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 piece went well for the u.k. to do what we do and i look forward to hearing from other people in the same market just immediately after the after the pitch about what approached by someone from germany who wants to know more about what we're doing and is in this in this 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 are 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 denies. german chemicals and pharmaceuticals joined to buy a house reported a shop drop in profits for twenty eighteen after taking over u.s. acme chemical for monsanto net profits tumble seventy seven percent to one point nine billion dollars as costs from the mega merger but into the company's bottom line. and this is a keeping an eye on the second u.s. north korea summit currently underway in hono only one in this pushing can young to give up its nuclear weapons program in exchange for economic development a breakthrough with boosts 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 despite 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's subjugation the huge op now french sporting goods retail led to come to the wall has 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. who needed a dig at your dick is promoting a garment that's actually a confinement of women's body. these women should be doing sports but it's supposed to be for the liberation of bodies and athletic 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 and women should do what they want 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. decathlon is still selling the item in morocco muslim women in france can find he jobs at nike stores the u.s. sports where giant introduced the product last year and that's business africa thanks for watching.

entering the conflict zone confronting the powerful. fear on your security conference here in munich isn't just about the big names of the increases it's also about the special advisor our guest this week friend rhodes a former national security advisor to president obama after two years of trying how the world is obama's legacy holding up a conflict so close in sixty. days

when the way they're going doesn't know what's the most careful does call it the get take a look i. don't just disprove those on super tuesday doesn't know for a month mostly going to. forget about this dummy and. this is deja news africa coming up in the next fifteen minutes nigerians bring back hari as the poll says off the president revel in easy election when we are asked how far does the jubilation over his victory go in the country. and we get in the call of africa's most are bragging champions in uganda they call her.