the so-called euro rally is thought to have been organized by a norwegian organization which is not being investigated for running a profit was it called race and in danger in front traffic. d w business africa was stephen beasley is up next i'll be back at the top of the hour a good day. we're not here to judge but to eliminate prejudices. we're not here to change your opinion but to open some space for different points of view we're not here to speak on behalf of anybody but to let everybody speak for themselves. and not here to give the right answers but to ask the right questions. were not here to

indoctrinate but to listen. plus ninety connect to an unbiased agenda subscribe now on you tube. illegal fishing has battered coastal communities in west africa liberia turn the tables on some help from an environmental group we'll take you to the west african coast. and huawei is the viking europe governments avoid the chinese company which some call a trojan horse or is the threat overblown we'll take you to a crucial meeting in prague. also on the show it's not real meat but is it the real deal an alternative me producer fine. big success in its first day on wall street.

welcome to business africa i'm stephen beers in berlin thanks for joining us illegal fishing has long been a problem for west africa where maritime surveillance is weak and coastguards typically under equipped the environmental groups see shepherd estimates that around forty percent of the catch in african waters is illegal the n.g.o.s lately been working with the liberian government on coastal surveillance they seem to be making progress take a look. an inspection aboard a spanish fishing vessel it looks like a bumper hole for liberia's coast guard one hundred eighty seven blue sharks to touch fins and baby sharks it's grim and yet it's all too typical forty percent of the fishing off west african coast is illegal that's according to the ngo sea shepherd which has been supporting liberia's coast guard for two years. most of the vessels that are fishing illegally are from china all the european union. china has

the largest water fishing fleet in the world and the e.u. is a country that the second largest with spain france portugal. they're the main ones you can count. it's not just fish populations that are hurt but local populations the liberian coast and three hundred seventy kilometers long more than thirty thousand families make their livelihoods from fishing in coastal waters with others that everybody loves fishing when i do my agent different everybody. so that fish and i live by we stop he she is known to. put liberia has only recently been in a position to watch over the majority of its coastline it's only would see shepherd that it's improved its view of coastal waters. we were like just by choice forty to forty five percent of our costella by the coming off sea shepherd have given us that opportunity to extend our posture as far as almost ninety percent of our what though. sea shepherd has its own patrol boat on location the ngo also finances

small vessels and runs training sessions fourteen ships suspected of illegal fishing have been intercepted for illegal fishing since the beginning of the liberia program the practice is in reality an elaborate business with wide reaching ramifications a major problem with the person this is the deadly efficiency taken in so schoolchildren anything else in it up to a mile. the legal vessels off offline that catch up to refrigerate in congo those illegal vessels are also flooding that catches on to these british ships so where the catch is it can broaden into the pocket as little fish and you cannot keep track. word of the more frequent inspections off liberia's coast has gotten around the country is now considered a pioneer in matters of coastal protection fishing fleets or even avoiding national waters even the legal ones on local populations can cost their own nets

a bit more confidently. and we're joined now by correspondent isaac collette see an aqua isaac who exactly is fishing illegally in the west african areas so it's into full. valving this because they want to get around the system and we also have the foreign vessels coming largely from china and in recent years we've seen some indication that some european vessels also commented a system to fish illegally so basically these id individuals involved in the process and we touched on this a little bit in the piece but what are the effects of such massive overfishing both to the ecology and the economy of that area. so for many of the areas in west africa they are linked together and many of them depend on fishing to survive to take their children to school for livelihood among other

things so one illegal fishing obviously depletes their fish is seen in their waters and sold. to really new fish and able to get enough fish to sell and also to feed their families and obviously on the economy then we have a shortage of fish because some point to point in time we are able to have enough fish to go to the markets and so then prices so fish becomes high and therefore people are not able to access to the environment is destroyed and obviously people are not able to live on this which is a livelihood for many people and of course the areas so significant consequences with real trickle down effect now are the improvements in a country like we saw with liberia are those really sustainable by liberia for example. so for example in ghana yes we still have got actually partially in the water is trying to read some of these illegal fishing vessels and the challenge for countries like liberia and ghana will be that you

don't have enough of these stocks forces to go around some of these vessels so yes although it's a good move for it to be sustainable low cost have to be involved you have to let authorities when you see some of these vessels because some of these locales with these foreign vessels to operate in this manner that's an important point and lastly i want to ask you can you give us a size for those who don't really know how big these coastal areas are give us the size of the scale of this area that has to be policed by these coastal countries. well these these areas are very this area is very huge in the west african sub region is very very huge and so. many of these schools because for example in some countries countries like ghana you have hundreds of course not gods and you have a huge b.s. of see that people have to go through to be able to show that vessels are not in

the system so it's a very difficult. was. isaac let's see joining us from accra thank you isaac. the world bank plans to boost lending to african countries to help fight poverty that's according to the bank's new president following his tour of three sub-saharan african countries david mall possibility of madagascar ethiopia and mozambique meeting with the country's leaders and visiting world bank funded projects the bank said on friday it had increased emergency support from mozambique zimbabwe and malawi to seven hundred million dollars after those countries were battered by a psych loan in march. we're in prime minister. mani is meeting with economic affairs commissioner pierre moscovici and rabat morocco the meetings will focus on how to improve and further develop the partnership between morocco and the and the european union especially in the fields of economic and social development. adidas has reported strong sales for the first quarter of

twenty nineteen driven by continued growth in developing markets as well as in china and russia shares in the german sportswear giant reached record levels friday on the back of a six percent rise in turnover which continues the winning streak for the company uses market value has grown by twenty billion euros since two thousand and sixteen using the company's value to just shy of fifty million euros. the czech republic made headlines last december when its cyber watchdog warned about the potential dangers of network technology from two chinese firms while way and. with that prague suddenly found itself in the middle of a larger trans-atlantic debate over chinese tech firms and the rollout of critical five g. mobile networks and that debate returned to prague this week where european nations discussed network security again and ultimately agreed to a non-binding statement acknowledging the risk from suppliers. the prague agreement might not mention huawei but the u.s.

representative at the two day conference in five g. made clear who the allies should or should not trust we hope that like minded governments will avoid committing any one system or vendor until they're able to properly that and compare available technologies and fully assess risks across the lifecycle of side g. networks installation and operation steinmetz com and so clearly targeted a trois way whose hardware is already banned in the u.s. for months the u.s. government has been trying to convince other governments to follow suit and exclude the chinese telecoms equipment maker to the company is the global leader in its field and is said to have the best technology but some accuse the firm of being too close to beijing and enabling the chinese government to spy on countries working with well we hardware so far who always remains optimistic about their global perspective. so far we've shipped more than forty thousand five thousand base

stations around the world in china korea across europe in the middle east. and we've signed more than thirty commercial five hundred contracts so far twenty one thousand we see is the year of five g.'s when five hundred people. there's a journey ahead but the early signs are very encouraging several european countries are set to auction five g. licenses this year their main decision is whether to follow washington's lead or to trust huawei and anger the us government. now one of the big stories on wall street from yesterday investors were hungry for imitation meat producer beyond meat on its first day of public trading the vegan burger start up more than doubled its initial offering price ending the day at close to sixty dollars a share and giving the company a market valuation of nearly three point four billion dollars now that despite the company warning that it likely won't turn a profit anytime in the near future. leonardo dicaprio.

bill gates and snoop dog they're very different celebrities with one thing in common they're investors in beyond meat which makes plant based meat substitute burgers and other products that are already widely sold in supermarkets in the u.s. . on the first day of trading beyond me cheers skyrocketed to one hundred sixty percent of the original offering price valuing the company at three billion dollars. that's a similar figure to the amount americans spent on beacon products last year but demand is growing strongly showing the kind of potential investors believe the sector has even fast food chains are getting on board last month mcdonald's put a vegan burger on its menu. the big question is whether the company is really worth

all the hype. analysts point to the fact that beyond meet employees under four hundred staff and had sales of only about ninety million dollars in total last year and ended up around thirty million dollars in the red. and that's it for us and the business team here at g.w. as usual you can follow all of these stories or find out more about them online at the dot com slash business and you can follow us on facebook and twitter i'm stephen bears in berlin as always thanks for watching.

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