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tv   Business  Deutsche Welle  April 11, 2019 7:15pm-7:30pm CEST

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want to say ahmed we have to leave it there because unfortunately i've run out of time it was a privilege to have you on we wish you and your countrymen all the best someone to see or. met spokesperson for the sudanese a professional association thank you so a very much thank you for spending this part of your day with us we'll be back at the top of the hour. europe has a big chain reaction crash. again around six hundred years ago. in the renaissance the revolution in fast this means that people became aware of their abilities and strengths and a new way there was an outpouring of self-confidence i mean that's the first.
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part. darkest hours into it. the renaissance factor. started people twenty six. w. . the from. the world bank says we need to stop depending on fossil fuels. lending so much money to nigeria to build the biggest oil refinery on the globe. and. suspends classes across the country. protests. to business africa's richest man just found a way of getting even richer. is building the world's biggest oil refinery in
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nigeria and he's got the backing of the world bank itself itself as a champion of green energy it has been funneling twice as much money into fossil fuels in africa. over the past five years this project is just one example as funny reports. we receive rare access to these gigantic construction site. the man behind it. asked to meet a diverse fourteen point one billion us dollars on the construction site. reporting to various international contractors china is one of them the space below the screen offers prefer spite from the burning sun. it's easy to get lost temporary street this is one of the biggest. the world today and tomorrow this is supposed to be the location of the biggest horrified every endeavor but
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it's just a noble. goal to produce refined that nigeria one of the biggest exporters of crude does not have to import refined oil any more. skeptical he sees nigeria's future beyond oil. the growth of the. last. illiberal forward. and i just as i would develop every day at the recent climate summit in kenya the role bank underlined its commitment to end support for oil and gas furthermore there was key emphasis on africa's capacity to go green how come germany who is not so much. enjoin so she could have seven percent of their installed electricity capacity to come from solo
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in the africa this capacity to be one point five percent. according to an international research project which t w was part of the world bank has invested in a number of fossil fuel projects in africa these include financial intermediary investment and a one hundred fifty million us dollar loan to refinery project by roald banks i.f.c. to world bank says this loan was quote designed to help nigeria increase the value addition of its natural resources sector specifically to fertilizers. to roll bank should have instead used its investments to empower nigeria to stable electricity supply. the. three for example. jobs. i would need. that we could. leave you find and go to the oil refinery to sugar salt flour or bear his name.
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this man. the company has become a monopoly granted government protection from international competition. business. employment some want to believe that their lives will change for the oil refinery but experts point out that once construction is finished and medium still jobs there will be and if it does not connect to other industries it will end up being just another project supported by a u.n. organization. for us funny isn't it good that nigeria wants to process its own oil rather than shipping it a broader buying back process products. well than the stuff on it what would you think you would think of if you look at this project and this is also the pledge
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that was made by mr dunn go to before he started this project to make nigeria independent of oil imports but at this point today it's completely unclear when this project is actually going to be finished according to mr dunn go to end of next year according to experts they point out this refinery is going to be so big it may take many many years and even then it is very much unclear at this point how the government is actually going to react to it because at this point the oil business unit has not only a very delicate but also unfortunately a very duty business a lot of people benefit from the state control from the wrong group all of the country on the oil exports and the question is whether these people really want to transfer such an important industry into the hands of one company or one man and eventually actually make it a monopoly so there are a lot of question marks around it why at this point you can't really say who ray go to really is going to pan out with this plan but rather at this point it's
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a huge gamble nobody now knows if it is going to work out what about locals what do they think about it because surely they'd be rejoicing about the fact that they'll be lots of jobs we're talking about the biggest of its kind in the world. a lot of people that i've met on this construction site are rejoicing already there are about seven thousand of them right now at this at this construction sites while booking in low and medium skilled positions access once again point out and also according to all research well if you found out that all these jobs are going to vanish once and should this oil refinery be completed in fact as we're talking right now hundreds of jobs hundreds of people are being trained outside of nigeria for highly skilled positions like engineering and technical jobs so that's what's going to be the be the emphasis upon and not on the low and medium scale jobs and then of course they also concerns about the environmental effects that this refinery could have something that i've seen with my own eyes when i was in the
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niger delta just a couple of weeks ago a main hub of oil production nigeria which led that production of oil lead to environmental pollution to basically fisherman not being able to fish because rivers and lakes are being polluted so some people you talk to i very much overjoyed by this and others are very much concerned ben so tell me why is the world bank telling africa to go green back in this project. well the world bank actually told us upon our requests that they are actually going green and we should look at the number of funds from twenty eighteen they say they have invested in renewable projects around twenty billion u.s. dollars and they did they have disputed the findings of this research group that has been part of they have named projects for example like this should be using lies in india to prove the fact that they are very much focusing on renewable
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energies now nobody is disputing of course that the role bank has projects which are very much particularly designed about going green but the fact is also that if you look and zoom into africa so far the number of investing into nonrenewable projects into fossil fuel projects is double as high as going into green projects but if for us there in the u.s. thank you very much. at some other stories making business news the world bank says the cycling that hit mozambique last month could cost the country up to seven hundred million euros it takes into account damage to buildings agriculture and infrastructure but not productivity international monetary fund says more than because it are requests for financing. and o.e.c.d. report shows inequality is rising and it's becoming difficult to join the middle class in the developed world housing education and health costs are rising
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economically vital middle class is now more indebted than other classes and is affected by automation and temp jobs. a french court has found by his monsanto are responsible for the health problems a family suffered after inhaling one of its wheat killer has. suffered neurological damage off the accidentally breathing in the now bad law so we killer in two thousand and four and santo is also facing thousands of lawsuits in the united states over exposure to ground up. now forget about cutting class today in. the government has shut down all high schools it's trying to quell this week's protests against massive cut to university grants. we want our scholarships chant these protesters and the people who come on this capital the students here angry about a new law that limits access to scholarships at state universities the loss of applicants to a maximum of one thousand and requires
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a higher mark on their final school examinations at least twelve out of a possible twenty points to a former duces the number of students eligible for scholarships drastically it's worth around one hundred thirty euros a month. i'm twenty one years old let's suppose that i get a score of seventeen points in high school so you're just an example but if i'm over nineteen i can't get the scholarship so this decision is completely flawed it sucks. what will orphans do how will they manage if they started school eight and graduated at twenty that means these guys are already doomed. some protesters parents watch the demonstration with concern others support them. since it just it's a pretty complicated situation the state on the one hand wants reward ability. the government wants to help the most deserving on the other hand it's poor families that will take a hit. in unique even. speaking to the crowd the governor's minister of education
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defended the measure citing the economic difficulties the country is facing the new measure could mean dramatic savings for the government sixty five percent of students who were awarded grants last year wouldn't qualify based on the new law. and just briefly google wants to open its first center for artificial intelligence in africa later this year or such have been slated for accra in ghana scientists from both african and non african countries will want together on machine learning to overcome challenges in health care and. i think business with the. it's. the only.
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way. to. keep the sex phone operator to work her masters thesis on the potato from going to. not a turn on well if it's more ridiculous for me out of the true list determined by st. erth home to millions of species a home or saving. google ideas tell stories of creative people and innovative
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projects around the world ideas that protect the climate boost clean energy solutions and reforestation. using interactive content to inspire people to take action google ideas the environment series of global three thousand on t.w. and online. this is d w news africa guess what's coming up in the next fifteen minutes massive celebration is in hock to look after saddam's longtime leader. was forced out what's that all mean we'll be taking a closer look. also a father and son who lost five members of the family in last month you'll get an airline.

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