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tv   Business  Deutsche Welle  April 13, 2019 3:02am-3:16am CEST

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africa's al-hassan goes to wall street giulia the continent's biggest e-commerce operator launches its initial public offering in new york. also on the show busying heights for disney stock after it unveils its new streaming service. and it's game on for a young african takis third turning augmented reality games into a way of addressing persistent problem. is this i'm joined in in berlin thanks for joining us it's the first african start up to list on a major global exchange online retailer jumeirah how to its first trading day today it shows new york to raise one hundred ninety six million dollars selling its shares in the middle of it set marketing range besides raising money the firm is also looking at raising its profile and boosting growth now in june yes potential
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is huge a market is developing across africa off faster and larger than any than in many other parts of the world when juno was founded in two thousand and twelve it was launched in the continent for biggest countries morocco egypt south africa and nigeria now it's active in fourteen nations for third not the only game in town and africa's logistical challenges are immense. clothing household goods mobile phones t.v.'s if it can be sold to me is likely to have us. for african shoppers tired of encountering a limited range at their local stores and malls the e-commerce giant's large product offering gives it a competitive advantage that it's helped to to grow quickly. the group has eighty one thousand docked of sellers and four million customers online. in two
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thousand and eighteen sales of mind to two hundred thirty million euros but high investment costs mean jimmy is still in the red it actually lost one hundred seventy million euros last year but our lists are betting on solid growth in the future at present only one percent of retail sales in africa take place online as internet access continues to grow e-commerce is likely to expand to in recent years to me it has entered the logistics and payment system sectors to prior to today's i.p.o. analysts pegged timea to be worth one point five billion dollars. all those new will soon launch its own streaming service charging customers about seven dollars a month the service called disney plus starts in the us in november and will reach all major markets within the next two years it will stream all content ordered by the media conglomerate and that includes classics like the lion king but also the
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star wars franchise by marvel and pixar as well as the nature documentaries produced by national geographic disney also recently purchased twenty first century fox library all that content will be pulled from the lake starting this year and appear exclusively on the new service. now we have a flurry of activity on wall street so it's high time to bring in our man on the markets against quarter high and so let's start with jr how was it received on its first day of trading. it was a very stormy start by the end of the day there's stock went up by more than seventy per cent and was that julia reaches a market capitalization of roughly four billion dollars even if since its founding mess a loss in the past seven years of more than eight hundred million dollars by the wall street obviously sees the growth potential when it comes to new countries so
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when it comes to overall revenue growth and that really got the stock going here on the first trading day i ask around here on wall street at the new york stock exchange and i was told the actually is the very first african company being listed here at the new york stock exchange that does not come from south africa but in this case from nigeria so obviously wall street does believe in the growth percent of many african markets impressive and it's been a big day for it is the two but a somewhat less auspicious one for not like shall we say. certainly because netflix is getting a big competitor and so far netflix was also running some of the disney content and that will probably not be possible in the future so the stock of nest for netflix and lost by about four and a half percent by the way next week netflix will be coming out it was their earnings report and it's a whole different story with disney that stock popped up by about eleven and
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a half percent to reaching a new all time high and what was mindblowing year on wall street is the price for the new service that is probably to begin here in the u.s. in november six ninety nine per month just to give you a comparison if you wanted to see the next disney movie in theaters here in new york you would need to pay about sixteen dollars and the netflix service will probably increase in price to thirteen dollars so a very aggressive price of from this an unbeatable deal thank you very much chance quiet on wall street. it's one of the biggest mergers in the oil sector u.s. based chevron is buying anadarko in a deal valued at thirty three billion dollars with crude prices going up forty percent since the beginning of the year chevron hopes to improve its exploration especially in texas and the gulf of mexico the deal will give it a stronger position in liquefied natural gas. now who should pay for the pain of
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the past students at georgetown university have decided they should at least partly they voted to add a symbolic twenty seven dollars and twenty cents to their fees to benefit the descendants of slaves sold by the university two hundred years ago but the vote has not been without controversy and the next report we hear from some students at georgetown and how they got to that number i'm not a patient because our product or country is in fact it's hard to say i'm a patriot because of what we could. work she says the u.s. could be is farah nihilism in the students at georgetown university calling for their own cherishing fees to rise by twenty seven dollars and twenty cents per semester why such a precise amount ten cents for each of the two hundred seventy two slaves sold by the university package eight hundred thirty eight keep it so for the flight to initiative if approved to see every student paying into
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a pot that would help fund for example scholarships for the descendants of slaves. i think is really important for george don't take a stand because like the human capital that we gained from the sale of these people is still benefiting us a person would have closed down without these people giving this kind of like i'm willing sacrifice and so i think as a student who goes here like i'm benefiting a lot from this education so i owe it to these people and their descendants to get up back here the students held a nonbinding focus on whether or not to introduce the ink. fees and everyone is in favor so personally i'm just going to go to you know i. i empathize with the costs with the idea of paying reparations but i don't think that it should be coming from the students i think that the university is the one who made this mistake several years ago and i think that the university is responsible for paying these reparations but that proved to be the minority opinion georgetown students voted by two thirds to introduce the reparations fund is now to the universities board of
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directors to take the final decision. and now we'd like you to meet a pair of ghana and game designers using augmented reality to combine activism and amusement they've developed a game and tended to tackle pollution and to teach recycling it's set and gone as biggest waste dump site and the game as in real life the stakes are high. imagine you are a space command and responsible for keeping. what would you do. this is a trailer for the video game the chronicles of clue the game is set in. a district in the southwest of central accra. a rare home to the in famous crop he had known as sodom and gomorrah it's a vast dumping ground for easy ways to. game developers prince andrew added
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a few and matthew huntsman who grew up in garner. they want to come up with creative solutions to one of their country's biggest challenges waste anyone playing the chronicles of peano needs to be on location at the site interacting directly with the environment. the game deals with the theme of recycling but in a playful way another task players might have to complete is taking pictures to document the pollution is no more than a trend where. games like. to broaden our how we understand how we are whatever we need in. the chronicles of clean new is one part of a mental game called africa it consists of fifteen different location based mobile games that are aimed at creating positive social change across the continent.
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a different approach to problems. solving what is too gimmicky creation too game mechanics thinking out of the box and sometimes thinking like there's no box archer that we want to see that approach a problem solving operator. i think game currently focuses on pollution but prince andrew at de feo hopes that in the future the game could tackle all sorts of important issues i want to see africa being sustainable in olivia's. job or sustainable at this is that when it comes to business when it comes to have a core child when it comes to a good development every industry has the industrial revolution africa must be institutionalized right any fifty points are sustainable and it's well for you to be able to run so i'm turning fifty but antarctica i want to see africa beat if you look at are you creative. for the moment it's this vision of
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a clean africa is only a virtual reality can gaming help the vision crossed over into the real want to. thank you for watching.
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what's coming up. here now has come to take a look at all that means for the title of course. the home to sligo every weekend here on w. i'm not often kept the jet well just sometimes i am but i stand up and. think stephen for german culture looking at the stereotypes classics put in here think the future of the country that i now know i'm playing. ridiculous drama. it's all about. bob i might show join me to meet the jetman from d.w. . post. and.
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or you know. any time anywhere. w. media center. this is the w. news africa will be gettin into the next fifteen minutes five years off but i cannot think of the chip all girls in nigeria one father on how his joy they are union has turned two on which. in was a meek long queues for doctors on the medicine more than a month off a cycle to die it's the country you take you to beirut where there's a cry of precinct medical kneecaps. we go behind the scenes of not.

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