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tv   Business  Deutsche Welle  May 2, 2019 8:15pm-8:31pm CEST

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that generation is starting to pass on how do you keep those memories alive how do you get the younger generation involved in this is one in a way that innovative way of doing it i think a lot of young people are very receptive to it and in particular the projects meant to grab attention as well i think as you can tell it's done that eight hundred thousand followers that is a lot for such a new account called usman thank you this is yours africa with stephen beard is next. if you ever have to cover up a murder best way is to make an accident. raring to me. you've never read a book like this. the list. of streets. sen's say that is. the sanction we can into this world we need to get in. egypt as can the human mind.
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and then we can make it feel to. german chancellor angela merkel's visiting africa's central sun hell region where terrorism and conflict are major concerns and economic development is severely lacking so what are the needs in the region and is europe doing enough. and one bucket at a time will show you the back breaking work behind bali's rapid urbanisation which depends on buckets of sand from the nearby the shared river. also on the show france and germany team up to subsidize battery cell production they call it
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a strategic investment in the face of tough asian competition others say it's a waste of money and. welcome to the business africa i'm stephen beard's in relent thanks for watching german chancellor angela merkel has pledged more than one hundred fifteen million euros in aid to west african countries in the sahara zone of funds or earmarked for development aid in particular police and education michael's three day visit includes stops in burkina faso mali and the share with mauritania and chad the nations are central to the germans to hell strategy itself part of a larger emphasis on the region terrorism and conflict are the focus as is curbing economic migration. now let's zoom in on one side help country in order to understand the region's challenges mali is one of the world's ten chorus nations just under half its population lives below the extreme poverty line agriculture is the chief means of employment
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a cotton is one of mali's most important exports gold is another income for mining has risen steadily in recent years last year the economy expanded by five point one percent mali faces serious economic problems among them urbanization and a growing population there are currently around eighteen point five million people in mali the median age is just sixteen point two years analysts say the government has to focus urgently on jobs for young people and on improving the security situation particularly in the north and that could encourage private investors including foreigners a current business outlook is quite grim molly ranks one hundred forty six out of one hundred ninety countries for ease of doing business that according to the world bank's doing business report for twenty nineteen now to talk more about this we're joined by joined be into she's joining us from nairobi hi joy so now joy germany calls this
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a hell its main focal area in africa but there was recently some criticism from the shares a terrier minister who is saying that europe could actually be doing more on the continent's what should we make of all of this. well i think maybe he was putting it in context of the e.u. being a little too late in terms of helping the silo rejoining terms of infrastructure development but i think the e.u. and gemini particular have been in the saddle region for quite a number of years in fact they completed i think together we committed over six hundred sixty five million euros to the development of infrastructure that is rules in energy access as well as in helping you know with humanitarian aid as well so maybe the e.u. might be a little league to the party but they definitely have stepped up the development aid as well as funding to this a whole region and mali in particular and speaking of mali we just took
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a look at some of the economic statistics behind the country when you look at that such desperate needs what exactly does economic aid look like well for a country like mali first of all it's a land locked country and one of the poorest countries on the continent and guess one of the poorest ten in the world so we talk about development aid they definitely need it for first of all infrastructure development needed for food security and also the need for energy and says and building that infrastructure as well that goes with it and also looking at the population that is growing youth employment is needed their investment needs to be attractive for that to happen they have to step in lies the country security wise because it out security you cannot attract investment all locally as well as from the neighboring region and
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outside the continent sort of the classic chicken egg question there which comes first security economic policy and development joy during barrow joining us there from nairobi nairobi thank you joy thanks for having me. let's go back to mali were cities are actually swelling right now from the country's high birth rates and a desperate search for work fifty years ago the capital bamako had just two hundred twenty thousand residents now there are two point four million construction projects are booming and so is the very grueling work of sand diving. day in day out men dive to the bottom of the niger river filling bucket after bucket with sand. the construction boom in nearby bomb a co has created a flourishing sandridge an industry here on the banks of the niger and with it employment for thousands because one of the toughest jobs is digging a hole but i'm going to move a little bit at the young diggers died as far as six meters and stay under water
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for up to four minutes filling a bucket with sand that's in the dry season in the rainy season they dive to depths of fifteen meters and stay underwater for eight minutes. to get all my digital. everything here is done manually. most of the boats are under. and there are three tons of cargo have to be punted over the water . and it's hard work and years of sandridge ing have altered the river because of the oil there's now less sand you can see it now instead of sand we can see rocks on the river bed well when you get the mandela but over there but as long as there's sand to dig people to dig it salaries here are relatively high for mali around eight euros a day and there's hardly any other work here. in the dry season one truckload of
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sand costs around one hundred euros two hundred trucks full of sand leave here every day most headed for the capital. well the people in bamako need a lot of sand i think the construction sites there take almost ninety percent of what we dig here. well because the couple. mounties capital is one of the world's fastest growing cities new homes and even new districts so springing up everywhere. estimates suggest that by twenty fifty they'll be. a million people living here three times more than today which means there's likely to be no shortage of work dredging sand from the niger with the at the heart of the electric vehicle is the battery itself a collection of batteries cells and most of those cells are currently produced in asia and the u.s. but europe wants a piece of the rapidly growing industry france and germany announcing today
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a joint effort to kick start battery cell production in their countries with state subsidies to the tune of billions of euros. electric cars and charging stations are still something of a rarity last year just two million electric cars were sold worldwide but that looks set to change with all major carmakers hutchings plans to develop electric models. of course requires batteries at present battery cell production is dominated by asian companies those produced for tesla for example are made by a japanese company panasonic. now europe wants to get in on the game. germany and france have launched a project worth over five billion euros to develop battery cell production among the aims staying competitive against the united states and china. if we don't just want to meet demand from the european car industry we also want to
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export globally and make it clear that factory is made in europe represent an important quality standard for electric mobility and other alec tronic applications . around a billion euros of the earmarks funds comprise eat you subsidies for a cross border consortium involving french carmaker peugeot and its sister company opel in germany a further four billion is expected to come from private companies including energy firms. not everyone believes the project is a good idea the german center for automotive research says high production costs mean european companies won't actually be able to compete with asian rifles. the turkish economy slid into recession at the end of last year high unemployment and rising food prices are just some of the challenges as challenges rather faced by normal turks now the turkish president says he wants to fix the economy but
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experts are warning against his strategy. after his party suffered defeat in two major mayoral elections last month turkish president richard type at a one is only offensive he has pledged to fix the economy. we are certainly determined to lower exchange rates interest rates and inflation to targeted levels. turkey's inflation rate is now at twenty percent the highest in a decade experts say the central bank needs to raise interest rates to keep inflation down but that's not something that sits well with a turkish president who thinks lower interest rates would make the economy grow faster and pointing to economic gains could helping shore up support for his party but economists warn that his strategy would only temporarily stimulate the economy and would be unsustainable in the long run. africa's farmers are
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a step closer to harvesting the benefits of digital technology growers and policymakers met in dakar senegal at the start of this week to compare notes at an event sponsored by the french government take a look. much of africa's farming involves low tech traditional methods but many african farmers are firmly in the twenty first century digitalize in their agricultural workflows farmers here at the agri numa in dakar want to improve yield and efficiency. you know program out there you can really say that there's a digital revolution taking place in africa at the moment it's a real hotbed of innovation where digital technology has really made big breakthroughs with africa's population of over one billion and growing farmers are facing major challenges they want to use digital technology to improve efficiency and an often chaotic logistics chain. we realized that schools for example had a very limited budget to feed students and that the supply chain is so long that between
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twenty five and fifty percent of the budget goes for transportation and paying middlemen. digital technology is reshaping africa's agricultural sector with aid african farmers are beginning to unleash their enormous potential. and that's it for me in the business scene as always you can find out more about these and other stories online and dot com slash business we're on facebook and twitter i'm stephen beard's in berlin thanks as always for watching.
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goal africa a town under stress just a minute let me take you to summon me everything will be fun get me to boston is a. move i think due to climate change and industrialization have battered barney's in senegal a web documentary shows how local people have been affected. in sixty minutes w.
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. take it personally you went with wonderful people and stories that make the game so special. for all true fans. like. the gulf war the football online. this is the news africa coming up in the next fifteen minutes that have us station offsite unveiled. destroyed is running out on families are struggling to rescue the last longer. we are in mozambique without one week after the saigon chemist made landfall only now help is reaching some off effect at rural areas also coming out. and some. that means cop it's a hospital.