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tv   Business - News  Deutsche Welle  March 4, 2019 7:15pm-7:31pm CET

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wins one of africa's top three and tries this you take into. the trust get hot as hell with business africa stick around for that meanwhile there's a reason website and see w dot com. today don't miss our highlights. programme line d.w. dot com highlights. the players. take. the stage and control. in the game of power and money the competition is fierce as most important structural resource bluffing betting
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checking how long will they be able to play and who will win their school we believe that renewable energy clean important role in the future. the good poker game the geopolitical mistake starting munching on t.w. . producing electricity is not enough you need to get it to consumers to grow there is a common problem all over africa but in came the other government is talking the issue with a massive drive to electrify towns and countryside their businesses are beginning to feel the difference. also on the show the clock is ticking for breaks it the business community is waiting for a deal with bated breath some companies are cashing in on the fear of them and linked. sales. this is business africa. as welcome
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economic opportunity increases access to energy that's an equation so self-evident that here in europe which if a rugged places like kenya most people have no access to electricity is special in rural areas only a third of the population in kenya is connected to the grid but that percentage has been rising fast thanks to the last mile connectivity project four years ago it started to supply schools in the countryside with electricity then homes and now businesses and farms are following losing runs a small shop she used to have a sort of panel on the roof but the yield was not great and. once she was connected to the grid she could expand her business. electricity. so efficient. it. was
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a costly. since she added new services business has really taken. up to twenty four and she has a staff of six losing the sun was lucky she was one of the faster customers to be connected to the power grid and at no charge. the aim is universal access by twenty twenty two and a full seventy percent of the electricity generated in kenya is green from wind hydro power and your thumb or one hundred percent is a realistic goal. mark is an expert for immutable energy he sees great potential in independent local passes many people can't afford to connect to the national grid most of these customers they've added cannot pay the connection fees the monthly fees and the consumption fees it's a burden on these consumers however very small scale solar systems are increasingly cost effective in kenya there's probably more than a million solar systems out there but for some. isn't enough.
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wouldn't be able to operate how will the. rainy season there's just not enough somebody pungs to the national poll agreed she now has electricity year round. let's bring in our correspondent george. joins me now from my robey joy how many kenyans have been connected since this project was implemented and how the rural and urban connectivity ratios compare writes about four point nine three million kenyans something connected since the project was rolled out and therefore we had about two point two million so that makes brings the total to about roughly seven million kenyans more guns which is actually a huge difference without the project and i don't think this would have been achieved and if you compare that to. connectivity seventy percent of these new connections have happened in kenya is that this is an expensive program.
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well you can look at it in two different ways they're considering you know that you know quality got some kenyans who think it's not a lot of bull but it is affordable for kenyans who would like to connect to it for business purposes one would actually spend about one hundred you know that is still on collection to get electricity into the household and what businesses it would be the same thing between one hundred fifty dollars and three hundred fifty dollars one we'd be able to get connection tricity in kenya. if the jury newell's come into play there should think they had sold our can play an important role briefly if you fat. indeed solar and other renewable energy solutions do play a huge role because of receiving today's that one million kenyans are connected to solar energy and we also have zero subtle that he's now being connected to the
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national greed and of the solar system like we are and i am us as well as. you know the other renewable energy sources all of kinds of benefits in from this but it is much more difficult kenyans who are legally all green because the infrastructure needs to be laid and there's a lot of land conversations that need to be done but otherwise renewable energies playing in huge role in connecting canyons to. job remember are from nairobi thank you thank. them bob wayne has borrowed nearly one billion dollars from african banks to buy fuel and other critical imports this is just the latest effort a cash strapped country has undertaken to bring some stability to its ailing economy recently replaced its previous current see with devalued new one that slashed the savings all of them bob whence by more than fifty percent the loans will help the country to get more needed the much needed imports but that may do little to help about when government get its chaotic house in order its budget
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deficit is now above three billion billion dollars. now to some other stories making news around the world chief financial officer of wa wyoming one joe is suing counted up over her arrest back in december that could delay her extradition to the united states where she is facing charges of violating sanctions against iran case has heightened existing economic tension between washington and beijing. greece is back on the bond market after nearly a decade the last ten year greek bonds were issued in twenty ten during the country's financial crisis the bonds which will be distributed later this week are expected to raise around three billion euros. british prime minister tourism has unveiled a regional development fund worth one point six billion pounds it's called the stronger towns fund and focuses on job creation and training particularly in
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northern england the area that backed the briggs's referendum referendum with the strong majority opposition m.p.'s have dismissed the fund as a desperate bribe to gain support for the deal has made plans to present a final break as it takes for a parliamentary vote by march twelfth. and one of the biggest sticking point in the divorce deal with the european union is the border between northern ireland and the republic with no prospect yet of a resolution that will gain support of a majority of lawmakers some brits have been going to great lengths to prepare for all eventually seize these kits contain everything seed merchant paolo rigo says is needed to weather britain's departure from the e.u. well if brics it happens there are some very quick very fast growing varieties like cussing come again let us if you were to say that. you'd be saying it three
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weeks later for the london based company fears over a disorderly brax it could provide a temporary boost to business after all seeds tend to sell especially well in times of crisis elsewhere the outlook is far from rosy in february job losses in the u.k. for manufacturing sector here's a six year high and standard stock exchange last week announced it was causing two hundred fifty jobs to prepare for the potential for leisure breakfasts with so much uncertainty if not always easy to just keep calm and carry on now when burton has been stockpiling canned food since the referendum in twenty sixteen but the drawn out process of britain leaving the e.u. means he can't always keep up with the expiration dates he misses the pre-breakfast days. i want to go back to normal life i mean this is a pile in a crib no life was i would come home on a friday have a look see what's on t.v. order you know an indian takeaway and then settle down for the even if britain
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imports almost a third of its food from the e.u. and now than for one wants to ensure he won't go hungry in the case of a messy praxis. in south africa's major centers businesses and households are increasingly feeling the effects of rampant metal theft thieves scavenge for any metal that will be bought by unscrupulous dealers as has been rolling blackouts damage to key infrastructure and severe transport delays weighing heavily on the economy struggling to emerge from last year's recession. an average morning for this group of scrap metal thieves in inner city johannesburg scavenging for anything of value that will end up to three euros a kilogram because wherever that's going to give us money to give it in that's going to give us money because it is a. really big. windows
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scrap metal theft is engulfing south africa's major urban centers leaving city residents and business owners under siege the door was already broken into and we got here and what had happened they'd stolen all the the copper piping and they'd broken off the copper piping with the water still running so they run the water was running down the street there was a spate of these these everybody's in the street and they went into all the shops after hours and as still all the copper piping john as we go thirty is regularly raid scrap metal deal is searching not only for miscellaneous stolen steel but also metal infrastructure that causes blackouts in the central business district. there was a theft off topic cable lost a lot of copper cable or locked of electrical cable chatter impacted negatively on the city however there were big businesses which did have generators which were able to supply electricity quickly but there were other businesses also which did
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not have the generators and they were they were affected negatively that's having a disastrous effect on local industry already struggling to make a living last year i mean we had a cable fair here and the electricity was completely off for a week and we had no power and you know we need power to run the machinery in the know without that you know we lose business and we might have to close our business and i'm very bitter about that. there are no hard figures on how much this costs africa's most developed economy but infrastructure is buckling and commuters are often left stranded thrilling delays caused by fear of transport infrastructure. thieves are adamant that in the face of over twenty six percent national unemployment they are left with little choice but to steal. my workers but it because you know it's. everything here in his mind. food you eat.
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the food you eat bugs the smoke everything you need money. and as long as there is demand is little doubt this will continue. from the business africa. you can find a lot more business news stories on our website. business also do follow us on facebook and twitter for the. news that's up next right after this check the global markets if you're the for.
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he came as an illegal immigrant lead a productive life and got to pause it or it. can say is gone and he's not welcome back lady liberty's plight is looking down shaking her head night what happened to him and. donald trump sirrah tolerance policy has torn apart illegal immigrant family in america. sixty minutes.
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i. it's not easy to go to another country you know nothing about the wife of i don't do this because we can't stay on venezuela. closely global news that matters d.w. made for martin's. this is news africa coming up in the next fifteen minutes the islamist insurgency in west africa that's showing no signs of abating attacks are intensifying in book enough and the new government is calling for help we'll learn just how bad things have become. then we meet the ugandan boy who saves a dog says but not for facts. and the film on the wars in the democratic republic of congo wins best movie awards in the african oscars in.

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