vince to tap an ing start so she must. record july heat also in the u.k. temperatures in the high thirty's course travel disruptions as many trains slow down to prevent tracks from buckling temperatures are expected to drop across the continent on friday. sorry coming up next a big backlash against uganda's tax on social media that's coming up with monica jones on business africa stay tuned for that. thank you. and all. cass language courses. video and audio. where.

did you know it costs $0.50 to feed hungry child for one full day do you want. to. go door. to share the meal you can share with children with just the saucepan to tap on your smartphone together. please don't move the. it's a 1st rate card since 2016 turkish president rich uptight and one wanted a rate cut and he got it the new turkish central bank chief cut interest rates a whopping $4.00 percentage points. also coming up you've got the social media tax was supposed to increase revenue instead it's weighing on business and comes down

investment we go live to come for more. welcome to the business africa i want to get good to have you with us a big change in turkey where the central bank reduce the interest rates by 4.25 points today investors and analysts have been watching with keen interest because just over 2 weeks ago turkish president wretched type add one fired the central bank chief because he had refused to follow his demands for lower rates and some say at one house a point to the interest. trade is currently or was set at a whopping 24 percent but interference like that is a dangerous game investors see a truly independent central bank as vital for a stable economy. well for more on that i'm joined now by senior market analyst at or wonder in london good to have you with us craig what can we just say that add one practically demanded a rate cut t.

even sacked the previous central bank chief because he wouldn't comply how problematic is this kind of political interference in monetary policy it's extremely problematic is the reason why in central banks are independent if the politicians are effectively dictating monetary policy than naturally you are going see attempts by certain politicians to try and drive short term political benefits at the expense of longer term economic growth potential risking recessions of course it's in every politician's best interest so out of the 0 percent interest rates that stimulate the economy the reason why we don't have those levels of interest rates on a permanent basis is because it does so the seas for boring and therefore future problems so naturally when you're seeing issues like this and you're seeing president overstepping not line demanding lower interest rates sucking governors and replacing them with people who will comply you are not really goes be worried about longer term consequences is this kind of behavior this kind of political

influence something that is typical for emerging markets. i would not necessarily say typical of emerging markets are very much so typical probably more so of populist leaders and while those tend to be seen more in the emerging market world over the years because of the political instability that because of the volatility we can see within the economies and particularly within the exchange rates as well we are seeing that now spread of course into the western world the more developed markets and that's where you'll start to see players like donald trump have a more active say of what the central bank is doing making demands of his own a making question people question where the line is between governments and central banks and ultimately when it's the president in the case of the u.s. . nominates and high as they had at the central bank there's always going to be that question of just how much the central bank is doing the work of the president how much they are acting independently right so what signal does that kind of

interference and he gave us some examples here and especially with today's rate in turkey what signal does this send to potential investors. worsens the signal the the long term impacts of the economy is probably is likely to be negative when we take this particular example today we have seen the labor pry its days announcement actually take quite beating and what that does is when you see shop depreciations in the currency that tends to drive higher levels of inflation and we know from plenty of examples in the past just how economically damaging not can be and how it can spiral out of control and how difficult it is to actually get a handle on again now you look at today you would turkey and yes the currency actually hasn't dropped off that much and relatively flat on the day that may be a signal that what they've done today was priced in even though it did exceed expectations present or maybe send there right now for a little small thinking that he was maybe right in this policy move but if this

does continue then i think we can see the appreciations of the currency and much more damage economically ok very interesting there craig allen there from in london thank you so much. and for the 1st time the you case royal academy of engineering 200-9000 african prize for engineering innovation worth 25000 pounds has been awarded to a south african isn't mentioned down queuing times for patients with chronic conditions collecting medication a simple idea that will improve the lives of thousands of patients. in many parts of africa getting speedy access to medical care is a luxury too often the nearest hospital is several hours drive away and getting there can be a problem. then there are lengthy waiting periods especially hard on chronically ill patients who require special medication from hospital pharmacies this is what happened to neo who teary in 2014 the electrical engineer

became sick with the burka loss' every time you have to wait 2 hours for medicine so he decided to do something about it. i was trained to build solutions and product the idea was to then say can we build a product that is patient centric that speaks to us 1st as patients while still a hearing to all of the regulators requirements and all of the framework of the department of health wants to exist to improve access to care. the solution the engineer devised is called pelé books the pharmacist deposits the medicine in a smart locker the patient then gets a pin on their cell phone to open the locker and they can pick up the medication whatever suits them all without waiting. when you've got. the box is ok it's not stressful for instance when i get a message on my phone i can go and fetch it the day after even if i have work to do i can go and get my medication i don't need to wait in long queues at the clinic

anymore also i just come in to get my medication but in that moment i'm happy with that that's something that the cats. who cheery won the royal academy of engineering 200-1000 africa prize big incentive he wants to use the prize money to improve the locker and build more equipment was very wanting for us it was very inspiring seeing that actually the work that we do is on a global level it can compete it can scale it has multiple country applications. there was this was an endorsement of saying we see. there are other companies in the dispenser market who cheer is a war it could give him a competitive edge. increasing tax revenue is a big challenge for many african nations uganda is learning this the hard way last year's introduction of a social media tax caused an outcry from government critics and rights groups one

year on even some of the staunchest supporters of the tax on no longer convinced. for many company owners in uganda like this cake maker connectivity is key. to her business in the capital kampala sells its words exclusively via online orders and most customers contact her using whatsapp on facebook but since last july she's faced the threat of being put out of business. the government introduced a new tax on using networking sites and mobile money transactions which it labelled over the top or the services. the government had expected the move to raise tax revenue by almost $68000000.00 euros so far however it's raised just $11000000.00 that's 17 percent of the amount hopeful. the number of internet users in uganda has dropped by 30 percent since the tax was introduced and plans to invest in revenues to improve rural broadband infrastructure may have to be shelved

. of a more i'm joined on the line now by julia. he's standing by for his income joining us looks like that social media tax is not exactly successful instead it seems to have backfired certainly when it comes to investment in infrastructure can the tax still be saved. there is a picture of this are served regardless of the artist and yet it wasn't just years . because the government has not shown any sign of going backwards the uganda live in your searches this is the stitch run duck body has recently reported that all the less than 2 out of 10 users of the truck now going by this because it might on the return of a malicious to think that this starts on social media kunt substantially anywhere translates into should use a search or development getting those officially entered public life means like virtual president what they called a v.p.n.

idea continues to use facebook or tap to judge other social media platforms out of 10 detects by those attacks in quite unpopular the government doesn't the british public. i mean that the taxes and worked out the way it was supposed to we know just briefly junius it was introduced to boost tax revenue does the government of uganda have any alternatives to that. the government seems to have. in the falklands attack but he has suggested that there is a need to started a social media trucks itself is need to a very small research in order to get these people to predict it's reviving the social media should be able to protect so we need to be right means but also important to note that this is a magic act was actually introduced a descent home another controversial plan on mobile money to abortions were used abused many young men you've got as you knows how bank accounts but how mobile phone accounts so the government others wanted to have many of them to protect you

those folgers will just be a little under the current afraid we'll have to leave it here but thank you so much for your time today as mugabo in kampala. more than half of afghans live on less than $1.00 and $1.00 reason for them or one way of them for them to get out of poverty is that many families are putting their children to work. for 10 year old cameron the work begins at dawn every morning instead of going to school he comes here to make bricks his father told him it was the only way his family could survive. this or how. my father wasn't able to earn enough money so i had to leave school and start working with him. because of that i couldn't go to classes anymore. that. he's one of an estimated $2000000.00 child laborers in afghanistan years of conflict there mismanagement of age and the

emigration of much needed skilled labor has left the country's economy in totters a dollar a day is what we have to make a person would need to have basic satisfy their basic needs and it turns out unfortunately more than half the population lives on less than a dollar. earlier this week the world bank released a report highlighting the factors that led the country to post the lowest growth rate of all south asian economies in 2018. political instability security issues and it drives all played a role. and that is a business africa here on the w. from me and the team and glenn thanks for keeping us company the for.

even the africa team the primate capital of the world. you go to those people a forest national park is given deep in the jungle. its range is ensure the survival of i'm down the creek. a concept for success. here is

a. 60 minutes. what secrets lie behind the small. finder immersive experience and explore a fascinating world cultural heritage science. d.w. world heritage for 60 koofi. this is the. news africa coming up in the next 15 minutes is ethiopian prices developments in the country suggests prime minister reform agenda may be backfiring . and for months off to 2 sides the straits of mozambique 1600000 people are at risk of food insecurity at least until september.