the fact is next i'll talk at the top of the hour meantime course as always the web site in dublin. what secrets lie behind these memos. find out in an immersive experience and explore a fascinating cultural heritage site it's. w world heritage 36050 f. . k. you know this 05 minute minute yeah. it's nice has

a power and beauty combines has it all. fits in the pantheon of the great tenors certainly he's one for the ages. of 10 or for the ages starts july 10th on t.w. . facebook's new digital currency is facing a backlash regulators from the u.s. and europe are rethink but across africa currency experts say the advantages outweigh the risks and ordinary citizens across the continent are set to profit. and stop our sportswear make a nike finds out what happens when one of your famous brand ambassadors goes rogue on your products because he thinks its prices to. google was made in

germany a german family company became the key supplier of traditional clothing in west africa. this is business africa and the. u.s. lawmakers have urged facebook to hold its cryptocurrency plants they want time to investigate the wrists poses to the global financial system regulators in europe also call for closer scrutiny meanwhile advocates say the facebook currency would be a boon for the millions of the so-called bank people across africa but concerns are also growing currency with the power that could develop could easily via rail weak currencies across the continent and denies central banks control over monetary policy. introducing libra a new global currency designed for the digital world facebook has promised finance for the future with its new crypto currency and i'm saying its arrival mark

zuckerberg said leave would empower billions of people even those without bank accounts will be able to send money around the world with these what's more facebook says libra will be what's called a stable coin meaning it will have none of the volatility associated with bitcoin and other crypto currencies it says it will ensure that by linking its value to other established global monetary systems. major corporate players are already backing libra even if some of the world's financial leaders are not. bank of england approaches libor with an open mind but not an open door. and now a group of u.s. lawmakers has written to facebook asking them to put their crypto currency plans on hold until congress can assess the risk it poses nevertheless facebook's plans to disrupt money continue to progress with libra expected to begin filling digital wallet in early 2020. within the studio is chris cleverley an

entrepreneur and c.e.o. of kemarre point he made it his mission to develop economic mechanisms that help ordinary people across the continent the continent and blocked and you say is quite important for that 1st of all if you take a look at libor what is stronger the enabling fact of the day to day uses all the dangers for local currencies well if you look about the very words you used earlier about the unbanked i think the most important thing right now is to make sure that those people have a way in the means with which to transact with each other at low interest rates interest rates can monitor about 30 percent for farms in africa and also have the ability to go across borders so overall it's a very important thing right now in africa to to have currencies like libra but cryptocurrency is in general have many critics warning of that volatility than the lack of regulation taxation issues and cyber fraud how do you see that let's look

at some of those so one of those image does cross border so cross border issue is very very important in terms of being able to track the transfer money between countries right now and about him all the trade in africa is done between african countries leap is consistent that tax collection is about 2 fifths what it is in the rest. with the world and you know with the digital currency and see what's actually going on especially when you look in part as the hands clean is another one's going to look at being crossed or in terms of providing water services across border and libra is very much going to be very open to countries governments to allow them to do that it will give up a government though and local currencies isn't libra sort of going to become a 2nd reserve currency and further destabilizing local currencies especially in canonical we countries across a i think it's probably the other way round i mean i think the the country is going

to suffer most potentially will be the ones who complain the most at moment see go from you know you've got the euro you've got sterling you've got the dollar potentially it's another federal reserve currency that could actually in some way to stable that except for one big factor is balancing itself on fits within those countries well it's the labor is based on a basket of currencies the currencies they choosing all of the big global currencies if anything they're probably going to boast of them and if you look at what the effects of been recently of things like you know financial crisis is once again we're back to concede the easing is a christian the god is there are going to be taking over for tension a for the european bank they're big signs that we're looking for another potential struggle within the local county the local currencies of the o.e.c.d. countries rather than what has always been volatile african currencies are always very volatile and it's a lot easier to provide a stable currency in the digital realm than within the current trends is the worth

of the moment do you see a similar backlash across africa and central bankers and governments against leave broad do that or do they like libra well if you look today today's the day which african boat conference is happening in uganda is being run by kwame redundant his father is the prime minister of uganda so i'm imagines that in some currencies some countries they're very much looking forward to having that kind of flexibility that digital currency fives but also the stability of the digital currency can provide the opposite chris cleverly thank you very much thank you. american sportswear brand nike has been dragged into america's culture wars after it was pressured to pull a special edition 4th of julys sneaker from stores the shoes featured an early version of united states fly from an era where slavery was commonplace conservative lawmakers claim it's a matter of political correctness going too far and they're making sure nike feels

the backlash financially. this shoe features a flag created during the american revolution former n.f.l. star and controversial nike poster boy colin kaepernick said he found the design commonly referred to as the betsy ross flag offensive because of its connection to an era of slavery and he asked for the shoes to be removed from sale so like he just did it after shipping the shoes to retailers in the company recalled them again some people supported the decision. his people i mean died under that flag you know and were slaves under that flag so yeah i think it makes perfect sense and the flag has recently been used by some white supremacist groups now it's the turn of the american right wing to get really ticked off about like he arizona governor doug jussi a republican who's been involved with far right so-called patriot groups released a flurry of tweets nike has decided that betsy ross is unworthy and has bowed to

political correctness and historical revisionism. nike has made its decision and now we're making ours i've ordered the arizona commerce authority do with draw all financial incentive for the company to look a 2 year. arizona's economy is doing just fine with nike we don't need to suck up to companies that denigrate our history. at least some of the limited edition shoes have already made their way on to the market and with changing hands privately for hundreds and even thousands of dollars meanwhile it seems that some potential customers are voting with their feet. nigeria's president. will sign a deal to scrap trade tariffs among african countries are an upcoming summit nigeria has held off on joining the agreement after pressure from local unions and businesses fearful it could make them less competitive the african continental free trade area has its call hopes the elimination of tariffs will help boost regional

trade by 60 percent within 3 years after those other moment where it's like in south africa have already ratified the free trade deal at present only 16 percent of trade by african nations is with continental neighborhoods. if you haven't heard about african fashion made in germany well as a german family owned company that has indeed carved out a niche selling material for booze to western africa who was the africa version of the city's city gents suit and it's made of damask the german bar company exports 2000000 meters of it per year to countries across africa. glowing colors shiny materials complex embroidery on the top down booboos of the festive go to live with it west african muslim and the tailors in the capital niamey can use up to 9 meters of material for this kind of traditional clothes were. dumped on to good we

measure the neck exactly it has to see will because that's where the embroidery goes if a nick line is too wide and doesn't sit right the entire government is ruined it doesn't matter how well you have so in the wrist it's a waste it all depends on the nick pm i did do i don't hold the fabric for booze comes. far afield even from the small german town of oh in saxony where the company has been supplying african countries with textiles for booze since the 1960 s. known as to mask the fabric for them is woven from $2200.00 spools companies huge machines we've the myriad of threads into the final parts and product. its managing director says the material is very special. to realize that while our status symbol here is the car in west africa. the outer

clothing layer has to look great and fashionable look at this. plus this is so in a typical finish for african goods. you can see the reflective shine on the material here. and when you grasp it it's non-slip it has to hang in a certain way and it needs refining to a very high degree. of monkey and his bose representative in africa. he has a good eye for the latest fashions there as well as being the company's local troubleshooter our farm with him from budget challenges include firstly the sweeping changes which can transform the political or custom situation from one day to the next leaving you with goods held in port because new regulations have been imposed because that. generates 40 percent of its sales with food

a mask for africa where it's in demand in countries like mali senegal and nigeria. and that's it for me and the business africa team here in berlin for more business news analysis and background stories from around the world check out u.w. dot com slash business. business business of the news africa in the next either after this quick look. around watch. this is us.

i was huge when i arrived here i slept with 6 people in a room. it was hard i was sure. i even got white hair. in the german language help me out on this gets me a little but you need to interrupt this and say you want to know their story my limbs are fighting and reliable information for margaret. with

different languages we fight for different things that's fine but we all stick up for freedom freedom of speech and freedom of press. giving freedom before us global news that matters w made for moderns. this is news africa coming up in the next 15 minutes the u.n. saying is the deadly attack on a migrant detention same so in libya has all the hallmarks of a war crime dozens of people are dead and more than 100 others wounded after an airstrike on a center housing african migrants in tripoli humanitarian organizations have warned they are at risk so just responsible for housing people that. at often video often empty allegedly assaulting a woman goes viral nigeria's having a conversation about immunity and.