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tv   Business  Deutsche Welle  May 17, 2019 8:15pm-8:31pm CEST

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iraj indeed have you news still to come on the program g w business africa disease famine civil unrest congo's had to deal with it all but you can't get i.m.f. help because of another problem corruption if new leader hopes to change that. all that more is coming up with monica jobs i'm sorry kelly enver atlantic you so much for joining us have a great thing. to put your ears. to me here so borger but. don't miss our. action packed life. anything is possible as long as our coffee and his friends can drink. this movie
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kenya's dark refugee camp. his life story many of ground to a halt. 27 years ago but there's no holding back his dreams. thank you for watching. cinema stars may 27th to. come the i.m.f. help congo emerge from its crises congo's new president hopes to revive economic cooperation with the international monetary fund to bring stability back into the resource rich country. and another country that has managed to leave crisis the high and rwanda makes a big splash with cosmetics all told. well. welcome to
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a business africa i want to joan's good to have you with us and just starting in congo which has been embroiled in chaos ever since the last ebola outbreak that started last summer and has already claimed more than 1000 lives civil unrest is only adding to the problem and makes it almost impossible for the economy to get on its feet the country's new president wants to change that with the help of the international monetary fund congo's new president felix it's the security showing here at his inauguration in january has come to office with some ambitious plans he wants to battle poverty lower unemployment and raise wages for that the country urgently needs money that could be $1.00 reason she security stopped by the international monetary fund during his a prove it to the united states his aim to restore economic cooperation that's been suspended since 2012 when the i.m.f. halted congo's loan program after irregularities in connection with one of the
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mining companies came to light in a few days i.m.f. representatives are expected to return to securities u.s. visit on his home turf at the moment the country has credits of tens of millions of dollars with the i.m.f. . let's bring in. from the economy in our foundation where he is country director for congo good to have you with us that there's something that puzzles me and many others here congo is rich in natural resources why is it in such a terrible state. yeah dreaming at home 1st and foremost unfortunately has to do with the history of the country your former dictator. he was highly corrupt he was greedy he ran down the country during his 32 years of rule nationalized companies siphon off the money into his own pockets and very credibly the
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consequences of this they're still be seen until today it's it's not only that the companies remain in a very bad shape it's also that it's very selfish corrupt to rule and which was also careless of people next to a mindset where everyone had to look after himself and unfortunately this mindset that can still be found until today. still until this day if your sea legs all these lacks proper good policies that half the nation that half the population at the center. now of course there has been international help already currently congo has credits off i believe $69000000.00 with the international monetary fund what is all that money for. usually the money that you are mentioning that's supposed to go into investment that help make the matter of economics overall level more sustainable more stable so we talk about investments that help
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reduce poverty that going to help that go into education if you are late $6069000000.00 that's for the size of the years for the size of the population it's definitely not a lot of money so. what's needs to be done in the coming years and like a big endeavor it has to go into the mining industry and when i say the mining industry what needs to be done and where we need to get is that we create tax revenue so that we give more tax revenues from the mining industries into the public treasury now that you mention the mining industry china for one certainly is a very big investor there mining natural resources like cobalt in exchange for building infrastructure at least that's the idea how is that playing out. you know that's a deal. so that deal was done that was struck in 2008 so china.
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greed on a deal where china projects were rebuilding dollars in the mining industry in return they would invest up to $6000000000.00 a number that was that reduced to $3000000000.00 into the infrastructure sector i mean honestly it's very hard to say it's difficult we have don't have a lot of meat on the ground. access is limited. production and extraction in the mining industry is the set to start or have started in 2016 the number in the copper mining industry. 100000 tons are said to have been produced more but again it's very difficult to say we know about a few infrastructure projects like the renovation of a hospital of some roads that having been built but again it's very hard to say ok they're from the foundation talking to us in concession thank you so much thank
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you. and now to some other global business stories making the news. to us present confirms he's postponed a decision on tariffs on cars and parts from europe and japan in now says he'll wait up to $180.00 days for the outcome of trade talks before deciding whether to implement the additional navy's. boeing says it's completed a patch to fix the flight control software on a 737 max plane the software was implicated in 2 deadly crashes in indonesia and ethiopia the company hopes the update will get to the top selling and are now flying again officials around the world have grounded to the jet. a study says germany is the 2nd most attractive destination for i.t. specialists behind only the united states focusing on cities the study found that london is the most popular place for digital experts followed by new york and bulletin no african cities made the list. of british low cost airline easyjet has
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presented its javi of figures and then modern looking good to net losses from october to march more than quadrupled to around $250000000.00 euros compared to the same time a year earlier easyjet blames high fuel costs on the fs as well as the uncertainty surrounding brics it. and germany today decided to allow east school to us on the streets it's a been a heated debate because not everyone welcomes those snazzy guest most sharing the sidewalks with the rest of us the distance for 11 protection and many motorists see them has it right as the testing is good as in some german cities and towns like in the south of germany but that already a common sight on the streets of some other cities like tell of youth in israel. electric scooters rule the tele view streets. they fill a crucial gap in a city choked with car traffic where there's no subway and where on sabbath the buses don't even run. the scooter craze got a huge boost last year when the u.s.
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started a bird launched here allowing users to rent scooters using its app. birds general manager for israel says scooters could help reduce the heavy traffic congestion in the mediterranean metropolis. for a start we go to the q r code 30 per cent am of our rides are between $8.00 and 9 am and $6.00 and 7 pm which essentially shows you that people that take the birds are people that are replacing them cars. scooters are meant to solve what's called the last mile of problem of transport between home and a bus stop for instance allowing people to avoid taking cars. renting a scooter costs about $1.00 euro plus $0.12 for every minute of travel. 10 minutes
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. and done so a little bit crazy i think it would be better i would have a more holds specific year for bikes and i told them starting this year it will be mandatory to wear a helmet more scooter riders mean more scooter x. it. since. and many riders don't seem to realize the risks of riding alongside cars and buses. not being born in slow mo as one person who benefits from the scooters mobility each night he goes around to collect scooters that if run out of power here is about 6 euros for each bird he rich urges overnight it's become a whole cottage industry a 2nd income that to goran feels more like fun. it's like playing a video game playing. only you get paid money you don't call the local one
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but scooters. it's called a bird feeding when the scooters have charged they're ready to make their way through the crowded streets of tel aviv again. not recent yes wanda has overcome its tragic past to become an economic role model in africa it's the tug around the tech startups but it's also a little ground literally and one company is taking advantage of the plant life that can grow there to create cost metrics with a randon touch. they're not just pretty flowers they're useful as well chris and al of era are important ingredients in the wrong cosmetic line. means beauty in northern rwanda's official language that's some promise and a profitable business idea there are now a whole series of who rung up products shampoos screams soaps all made in rwanda. we make sure that the bread you see in is for. africa especially and
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there are natural the other products. you have the chemicals the chemicals. destroy for example the disk in. a few years ago this entrepreneur went independent with just $10.00 in his pocket or so goes the legend today the company is worth $40000.00 and employs 20 people and the business is still growing with new products such as toothpaste the company also exports to uganda and tanzania among other countries. i try to contribute to my going to end by producing these on to video was meant to go that floor. that would you have any to one day enough to go in order to be is solution or skin disease nuff we got the business concept is to make products locally and keep them affordable some
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customers have been using them for many years and they love the quality not a used them i started using oberon got products because i suffered from terrible acne high and it used to make me feel uncomfortable in 2012 gave me a soap to use as a trial and everybody used to laugh because the soap was black and had a strange shape but it cleared the spots on my face he table. her kids also used to be around the her billing gradients are said to have a healing effect and they come from rwanda and business is good. and that is business africa here on the you for me and the team in berlin as always thanks for keeping us company.
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smallgoods include some pretty big changes. people making it possible to go to africa. from times to market trying them as they set out to safety and violence. to learn from one another. and work together for a better future and. to see for yourself. in 60 minutes.
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what secrets lie behind these moments. to find out in an immersive experience and explore fascinating and cultural heritage science related to the d w world heritage 363 get. this is africa coming up in the next 15 minutes mahdi's have the soul is struck with heavy flooding leaving at least 15 people dates we have a report from paul with many families that had been left homeless the rains damaged their houses. and on the international day against homophobia we talked to an l g b t activist evolves efforts to break down discrimination against gays and lesbians in uganda. today in giving old wheels new diets we need the prison
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fitness training.

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