linking the us from east to west. it's one of the biggest i.p.o.'s ever right hailing platform goes public in new york that launched its raked in eight billion dollars but will over drive us in africa get a better deal out of it and is the economy helping african economies. also will the u.s. and china manage to trash. minute trade agreement tense talks break off for friday in washington the usa says they were quote constructive but fresh u.s. targets hit china today and pasting has promised to hit rock. also amazon's blue horizon space rockets aiming for the moon getting ready to deliver and no one's ever delivered before. this is business africa on the

w m god help us in berlin welcome in new york stock exchange opens to usher in the year's big i.p.o. and investors have been jumping into to go along for the ride shares in private company initially prized lower than expected at forty five dollars per share but still raising over eight billion dollars the cautious stock may have been driven by doubts about the ability of writing services to actually make money. global expansion has also left a footprint all over africa where it now operates in ten countries from egypt to south africa in kenya company has been active for four years has disrupted the fragmented transport market that in sub-saharan africa alone has gone it's about one point three million riders since the start of but there are rivals too like

toxify and little in numbers african cities regular taxi drivers fear for their livelihoods and also the protests against the. well was of course part of the so-called good economy where there is no contract no social security or holiday pay and most of the intrapreneur risk is shouldered by the drivers and those drivers have been on strike this week all over the world also in nigeria and kenya this is wed from where joy to read joins us now joy. in the crossfire what's your experience with the service in kenya that. as a cast my experience has been ok because the entrance of going to the market really transferred market sort of gave a level ground especially for the conventional drivers of the traditional sassy drive ins who are enjoying monopoly so at the entrance of. sort of level of the ground and thereafter we saw at the hailing taxis that it is like taxes i also into

the market which even forced to lloyd's rates by thirty five percent which now made the drivers a little bit unsettled because they said they were just making it and that a bit lower than two dollars an eighty nine cents per hour which was a very small rate compared to what the conventional drivers have been i think sounds like a paltry sum is that special about the situation. drives where you are in kenya hours at the same elsewhere. i think it's the same issues that for kenya particularly has been about a number of issues festival the security bit where some of the drivers felt that they were being attacked by the conventional drivers but then also the issue of the pay where. actually takes twenty five percent of the commission that is made by the

driver is and then of course. lets the drivers pay their own taxes so it does not we call it taxes even up to the doctrine of the twenty five percent commission so the drivers feel dissatisfied with the ending less and yet putting in more money some of them drive their own cars and has just recently. had started to bring in cars that were cost of my used by piece of a clean but still a reason to have the satisfaction but because i sort of also gives them so form of employment so there's some stuff we pull back and i guess this is a common problem not just that also the. tax even seventy cents a joy is that this. economy. and several others is that a model for growth in the kenya and other parts of africa or people are more wary about its pitfalls. full of people who use it you know it is convenient

because on a continent like forgot that is field reads lots of traffic on most of its major roads especially in of and cities it has been one of those convenient transport services that when it comes to the issue of insecurity and also the pitfalls that are being experienced by the other countries like poland and the united states and the united kingdom that are currently on strike this week the programs that are is happening even we countries like kenya and nigeria but for them i think the big issue is ease on pay their pay is so little that sometimes the actually do not know what the taking home at the end of a tall order and bear up from nairobi there thank you very much. drive us on happy and investors of course asking will the right hanging from ever make money the company has posted only losses and the ten years since it was

founded and it is no stranger to controversy either. it seems controversy has constantly tell gaited since the company was founded ten years ago the disruptive startup has put taxi drivers around the world in terror of losing their livelihoods leading to protests in the u.k. spain and poland where last month parliament elected a bill to legalize the ride hailing upstart and other based car hire firms and if they feel it seems if we feel we're discriminated against we have to get licenses pay pension contributions we have to set up a company to work and we have other costs in contrast the illegal carriers have low costs they're often people convicted by the courts seventy five percent of them are without polish citizenship if they work illegally and the government does nothing about it. has faced legal challenges from drivers demanding basic labor conditions it's been banned in several countries including denmark and hungary in

twenty sixteen hackers attacked it was cloud server and downloaded millions of users personal data a year later its c.e.o. travis calendaric was forced to step down after a series of scandals there was a fatal accident involving one of the driving cars and there have been numerous rape and sexual assault allegations against uber drivers from india to america more than one hundred in the u.s. alone the company has also been criticized as having a culture of sexual harassment. then there's the balance sheet over the twelve months to the end of march up losses of three point seven billion dollars a record for a company in the year ahead of its i.p.o. . trade talks between the u.s. and china broke off after a brief meeting which u.s. lead negotiator steve nugent described as quote constructive there was no sign of

the deal the. ease trade friction between. the world's two biggest economies china trade and voyeur he shook hands with nugent before leaving it was clear when talks continue u.s. markets were down on the news and trade tensions were muted washington post a new raft of terrorism chinese goods today just hours before the trade negotiators met. you are the richest man in the world you cannot only afford to think big actually do big i guess that's why i'm isn't boston wants to send a mission to the moon because he can't for years he's being poor in a billion dollars annually into his space venture blue origin which is two thousand people but it's not just a flight of fancy billions to be made on the moon. let me show you something he said lee knows how to sell things retail like jeff bezos rich many men do well

as of the future could receive that amazon apostles via this land base as is tech experts who spent three years working on blue moon. it sent to travel to the moon fifty years after the first landing there was down to the surface vessel sees the moon's low gravity is ideal for high tech manufacturing. and it would all be carried on markets like these also from blue origin and that's the core business idea freight transportation between the earth and space a market potentially worth billions of dollars which is why it was a billion as i mean only gain two including tesla boasts on musk he and bezos are in something of a space race pouring mind blowing sums of money into space travel it's a long term project destined to outlive any opiate friendly rivalry but what i'm laying out here today is obviously

a multi-generational vision. this is not going to get done by any one generation the next step says based on giant space station's gravity free enabling space duelist to fly around inside them with any luck they too will be available online from amazon just one click away. meanwhile back here on a facebook's executives face increasing calls for the corporation behind the social network to be broken up into smaller companies the latest criticism comes from chris use one of facebook's cofounders and its former spokesman in the new york times this week hughes it uses facebook of creating a monopoly and denying its two billion users worldwide and he will turn to u.s. lawmakers have also urged the justice department to launch an anti trust probe facebook says the internet is worth needs regulation not it as a common. the plant manager of german sue mica to see coke and

its indian competitive tata as falls through to pulled out of the deal because it expects the european commission to block it on competition concerns as a result is in focus that it will be cutting six thousand jobs around the world the plan was to merge his and still unit with tata the agreement was a fifty fifty joint venture creating synergies saving up to six hundred million euros per year to cope and tata said they had expected to generate sales of fifteen billion euros. trade between germany and iran fell steeply in the first two months of this year according to germany's traumas of calmest exports from europe's largest economy to iran plummeted by more than fifty percent year on year to around two hundred and thirty million euros in january and february imports from iran also

plunged massively of the chambre says trade with the islamic republic has become extremely difficult since the us really imposed sanctions on tehran. and that's it from me and the business africa team in berlin for more business news and features. slash is now here's a quick look at global markets where you stay tuned for news after.

he takes it personally i do it with all the wonderful people and stories that make the game so special. for all true fans. placing a. leg up more than football longline. shifting powers the old order is history the world is reorganizing itself and the media's role is to keep the topic in focus of a global media forum twenty nineteen today one out of two people is online who are we following them do we trust to beijing and shape the future at the georgia dome or global forum twenty nineteen.

cutler. hello welcome to this special day.