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tv   Business  Deutsche Welle  June 10, 2019 8:15pm-8:31pm CEST

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women's world cup campaigns with a thriving group c. clash games all square one all going into the last minute of injury time but it's really stuck a dagger into australia hospital not barbara but on seeing at senior a school her 2nd goal to seal the gate to the final school. while the judges up next with the days of big business stories from africa have a good. rock n roll. band. sinful with contempt by the church. i know the evil feeling that you feel when you think. your past. stopping no one is more popular than. rock and religion
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clash that brings many parallels too late. for the really super reconcilable card. killing. 17 t.w. . it's a bit like david versus goliath china is one of the biggest trading partners for many east african nations kenya a more balanced relationship now china office to negotiate a trade deal we go live to nairobi for more also coming up it's a spectacular transformation ethiopia's economy is growing at a rapid pace thanks to state build industrial parks that are now also attract foreign investors at multi-national it's. welcome to do business africa want to get
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good to have you with us so china looks ready to negotiate a trade deal with the 6 nation east africa community a report by reuters news agency says the deal is said to address kenya's complaints about a huge trade imbalance in favor of the asian economic giant china has become one of the biggest trading partners for many east african countries the african countries exports to the world's 2nd biggest economy are dwarfed by imports of its manufactured goods like electronics and plant equipment. well let's talk a little bit about that and bringing in joy during barrow joins us now in nairobi joy please explain what exactly is the issue that kenya is worried about and is it the only nation in east africa worried about. well kenya 1st of all is the biggest economy across the east african 6 states
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that is ok in uganda tanzania rounder as well as and south sudan but the biggest worry for kenya right now is that agreeing to these treat terms with china means that kenya is actually going to say when it comes to the manufacturing sector can you has said that it's money factory sector is pretty nice scent and so are going to the terms that china has the negotiating says $316.00 means that they're going to be more chinese products coming into the east african country and that's leading to watered down the local manufacturing. all right joy thank you for that don't go anywhere because i have another issue that i would like to discuss with you because the news of a possible or possible trade talks with china comes as kenya's leader who will kenyatta and biogs on an attempt to crack down on financial crime earlier this
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month he announced plans to withdraw an old version of kenya's $1000.00 shilling bank notes because of widespread counterfeiting tobar the 1st the note you see here will no longer be legal tender the old notes will be replaced by a new version with security features designed to prevent the creation of fakes criminals and corrupt officials are thought to be in possession of hundreds of millions of shillings in a quiet cash and that is something of course we would like to elaborate on a little bit more with joy to read in biro who is still there in the in nairobi for us so counterfeiting apparently quite obviously a problem any other problems. well we could see problems but also since kenya 2 can't get new constitution it has been a requirement for kenya to actually change the face of the carrots and it
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actually has taken long because they have been quite a number of legal cases with some of the citizens and happy with the rule to change the currency and while somewhere saying you know it's not yet time for us to change the currency or why are we taking too long to change the currency some of the citizens were unhappy with the design of the proposed designed for the new currency and now that it is out we are seeing mixed reactions or it it has actually been a gradual process because it started really refocusing the quite instead is the metal quine's and now it has graduated into the notes and the 1000 shilling kenyan or what happens to be the biggest dinner in asian of the currencies that come in different denominations of 50220100 shillings and 50 shillings it can you tell me what exactly is wrong with the design it looks pretty enough to me. well the design has actually it's
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just different views from different people and some have said you know the new currency can't easily be counted because we have seen that the 1000 surely not across the region has been used for different crimes and in fact it was saying that it was used in legal financial flows where we were seeing more people using the kenyan currency not just in kenya but even across the region to change money and use it for various reasons including crime and so now with that you design there are some people who are already moved to court and said you know this currency still does not fit the bill for what it can in currency should look like and according to the constitution they said that the currency should not bear the image of any individual as some have actually gone to court because the currency still holds the image of the founding father who happens to be the president of the
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republic of kenya but then of course the new currency looking at it julie had to look at it it almost looks like the rose in color yeah and. yes and also the advantage is that now people who are visually impaired can also be able to tell the difference between the smaller denominations and the biggest and only nations which have the $1000.00 should not ok joy during barrow there reporting for us from nairobi thank you so much for this. well staying with currency issues workers in zimbabwe are taking on the central bank as the country continues to struggle to establish a reliable currency the zimbabwe congress of trade unions is preparing a case against the reserve bank office above where saying it illegally converted to their salaries from u.s. dollars to a new pseudo currency the r t g s dollar was introduced in february in an attempt
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to align the exchange rates for bonds and electronic payments but its value has been decreasing rapidly president emerson last week promised a new national currency 10 years after the zimbabwean dollar became worthless. while the ethiopian parliament today postponed a debate on a proposed law to liberalize the telecom sector the bait is now set to take place on thursday that is part of ethiopia's new prime minister ahmed economic reform package moving the economy from state led to market based growth the country's economic growth already is the envy of its african neighbors at close to 8 percent . inside only a decade of the capital addis ababa has become a state of the art metropolis with its own metro line built by the china railway group ltd much of the boom has chinese credit behind it now china is sinking its
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money into industrial parks and industry but it will be easy for the government to supply all just like the utilities like electric power water and whatever it was to swallow the theo paean government offers tax incentives to attract foreign investors to these parks every morning buses drop thousands of ethiopian workers off at this one to work in its chinese own steel mill and other factories like chongqing based only found cars ethiopian wages have risen 50 percent in 10 years but they're still low enough to attract foreign investors. has not seen but competent to live i submitted just to tell you this worked ok be cheap because it's not a negative connotation so this is it's not multinationals like h. and m. and folks for moving in lured by the fact that the average ethiopian worker earns just $32.00 euros a month that's cheaper than bangladesh. and bara mental groups in south
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africa suing the government for failing to tackle air pollution and a north eastern province of. the area produces more than 80 percent of the country's coal and is the ported to have the highest nitrogen dioxide emissions in the world activists say the toxic waste produced by the plants needs to diseases like asked bronchitis and lung cancer the government has 15 days to respond to the claims. and in other news dennis is saying 2 big cruise ships thousands of protesters rallied on sunday calling for the massive cruise ships to be banned from coming to the city the demonstration took place just one week after a large line a lost control and crashed into a pia injuring 5 people activists also claim that big vessels jeopardize the balance off the land goons ecosystem. are right now to
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question you've probably never considered before what determines the origin of a woman swept up the sheep it came from all the human who netted it business owners and lettuce in iceland are at loggerheads over the answer. iceland sheep are pride for the quality of their woollen fleeces which enable them to withstand harsh arctic conditions. no wonder then that the sweaters and scarves made from their wool have become a kind of national trademark beloved by locals and tourists alike. but in recent times the relationship between businesses and local craftspeople has become anything but warm and fuzzy. an issue is this common demarcation had been issued from icelandic bull technically true but with one detail omitted the knitting often takes place in china
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a source of fury for iceland's local artisans. the man in the carbon footprint to ship containers of icelandic wool to hong kong and have a process there and then sent back halfway across the world off to the. business owners say it's the origin of the wool and not the people who knit it that should count. so or if they have to live here and they. screw up the very last convict or if they were to have been poor with still be our father or son leo but critics say the labeling is misleading and accuse businesses of pulling the wool over the eyes of environmentally minded customers. now from knitted jumpers to elegant robes dekker fashion week came to
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a close this weekend it's an annual event that's helped define senegal s one of the big players of africa's $31000000000.00 fashion industry now that's an industry beset by distribution issues as a struggles to reach very markets in the 17th edition of the ha fashion weeks or 28 designers from across the region showcasing their creations including many afro futurist inspired designs the promise of a multi-page features in international fashion magazines like vogue have many hoping for a stronger foothold in europe. as business africa here in the w for me in the team thanks for watching.
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amsterdam is abusive full city that draws people to it almost mechanistically the dutch capital has become so popular. that locals continue forward to live there anymore gentrification exploding prices high demand this is real estate prices and the squeeze. close up 60 minutes d.w. . much of it
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a. good link to moves from africa and the world your link to exceptional stories and discussions from the news and museums and wild whips id deputed comes to africa join us on facebook at g.w. for god. but above. this news africa coming up in the next 15 minutes unprecedented mass protests have rocked liberia people fed up with corruption on the on going economic hardships demand solutions from the rest of us where thoughts come to you to live up to speak to a political activist. doesn't bob when government steps in. the car reports i don't know why pharma business will start i said by lead. me to join in what do you what do you want to do to my land.

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