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story so that people world over information provide. the means they want to express d.w. on facebook and twitter and up to date in touch follow us. government once ethiopians living abroad to be able to invest in the country addis ababa is now relaxing finance rules making it possible for them to do just some analysis about what that means for the economy. and head to tunisia tourists stayed away from the country following deadly attacks but that's changing at the tourism industry is recovery. is business africa d.w.i. . welcome these european government is embarking on

a series of reforms aimed at opening up the economy along with a commitment to privatized several state enterprises polman has agreed to allow if yo people's living abroad to invest and set up lending businesses in the country absent all that has not been possible because the government fit the influx of foreign money the traditional small scale lending practices and economists see the opening up of the financial industry to the country's not. as a trial run for more liberalization 5000000 ethiopians live outside the country prime minister. who has been in charge for a year now is seen by many as a reform lot. let's bring in the. if he'll pm journalist based in frankfurt germany and joins us now from this about it what why is the government doing this right now. thanks for having me yes as you earlier

mentioned it's part of the economy pre-formed that the government. has been doing and it's part of. one of the reasons it's not only living up rollerblading here parents who hold foreign passports were not out to get involved in. the financial sector and when i was about that i was expected. to do that. when a financial sector was entirely closed off or 40 nationals so that. by default put ethiopians that are holding foreign passports under foreign nationals so they were not overdue but this this was they they used to before but i think 3 years ago there was a new regulation that stripped them off their ownership of any shares in banking and so that was completely closed door for them so they are now and out to be under the new regulations there are now to buy shares in banking and also get involved in

the financial sectors in general some experts including the chief of the european central bank say that the opening of the economy also needs to be taken step by step what does ethiopia need to be very careful about where you know i mean this is a highly regulated financial sector what we have in ethiopia and opening up the door why do all things would automatically make the locally financial sector completely vulnerable because they it's a question of whether or not they could put up was a competition that could potentially be you know put them up and decide when to eat so there's a lot of precautionary not states even government is receiving or how to state by state implementing their reform in the state if you know white white opened it the secretary make them more vulnerable because it can't quote beat sort of from the frankfurt thank you very much. thanks for that. we're going to

south africa which has lifted visa requirements for 4 countries it's part of an effort to boost the country's beleaguered economy create much needed jobs visitors from new zealand qatar saudi arabia and the united arab emirates will no longer be the visitors permit for tourism conferencing or business trips visits or numbers have been falling for her recently and the economy is flagging unemployment the direct hold high of 29 percent. this year. we stay in the sector in its initial 2 deadly attacks 4 years ago left dozens dead and tell dealt a blow to the country's tourism industry foreign to operators took that country took the country off their list leaving many tunisians in the hospitality sector without jobs a visitor numbers of rebounded robustly and the industry is slowly recovering.

a pack to be chin seuss' abdul hamid karzai says that's exactly how it looked here that notorious summer 4 years ago he does friend mohammed to working as hotel security guards when suddenly a young man armed with a kalashnikov rifle began a killing spree the 10 to 38 lives. this is the 3rd year he was a true terrorist many of the tourists died right here on the beach it was a black day for his or. after that tourism here collapsed it's taken a long time to recover police patrol regularly to try and impart a sense of security here and it's working this year the tourists returned to his ears especially attractive to package holiday makers and it could turn out to be a record year. in 2015 the year of the attack just 5000000 tourists came to visit

tunisia this year 9000000 are expected to arrive. you can see there are even more security officers and i say that there are no more problems here with security or. life became very hard for the people of susu recent years like many others security guard abdel-hamid lost his job now the city's cafes are counting on the upswing and abdel-hamid has already found some casual work in an internet cafe he thinks he's heading for better times just the movie hope i can get a job working in hotel security again everyone's doing well now the tourists are all returning to do these more more perspective is extremely important for all of tunisia the economy continues to be a real problem for the north african country. part of a population of 11000000 people 500000 now employed directly in tours i'm

a further 2000000 are involved in directly in the sector. everything points towards recovery but the sense of safety is fragile not long ago 2 suicide bombers blew themselves up in the capital tunis. just look around you the beach is full of people chin is here is safe again. and sheen is eons hope desperately it will remain that way their livelihoods depend on it. knowing is postponing the delivery date for the ultra long haul version of its 777 x. model the airliner series has reportedly phased engine problems during development the delay could threaten boeing's deal with australian carrier quantas which wants the plane by 2023 that's when it hopes to launch the world's longest nonstop commercial flights 21 hour trip between sydney and london boeing is still reeling

from its ground in the running of its 7 $37.00 x. and following 2 crashes the u.s. plane maker reported a loss of $2900000000.00 in the last. gibraltar. allow the detained r.a.d and super tanker to leave the british overseas territory despite a last minute u.s. attempt to seize the vessel the move to fused tensions between london and tehran as a british flag tanker remains held by the islamic republic a tosser as part of increasing friction with the west over economic sanctions the ones bearing the brunt of iran's international isolation iranian business owners and of course consumers. from the iranian port city of pounder a whole line of tankers can be seen transiting the strait of hormuz they come from the entire region kuwait bahrain and the united arab emirates supplying the whole world with oil container ships are also in transit many dock in iran bringing

important goods to the sanctions stricken country ship owner and trader abdullah sufferer he has just arrived here from dubai with a consignment of refrigerators. it's becoming increasingly hard for him to trade with other countries. and. are used to wait for one or 2 hours for permission to dock in dubai now i can wait one to 2 weeks and see wondering if they let me in or not because of the u.s. sanctions i've got chinese traders you know insist on cash payment from iranians like myself we can't make bank transfers all because of the sanctions which have been under. every day life is becoming really difficult in iran foreign products scarce even medical technology and pharmaceuticals which plant targeted by the sanctions. knows how bad it is and what he originally needs. after almost passive girl really like to do business with traders from further

afield than dubai and china would also be great to buy goods directly from europe but for that bank transfers would have to be reinstated and going to visa should be given more freely to business people. is it ok to search for. what he says more and more traders from other countries are turning away for now his business remains restricted to dubai and china. well one of the trade. world war it is the one between japan and south korea so once japanese companies to pay compensation to koreans forced into labor in world war $2.00 now on the anniversary of japan surrendered to the allies south korean president in has offered an olive branch to tokyo calling for a wide ranging dialogue. demonstrators take to the rainy streets of seoul demanding compensation for labor is forced to work for japanese companies

during the 2nd world war the issue has dampened relations between japan and south korea and lead to significant trade tensions the decades old debate has reignited last year when south korea's supreme court ordered japanese firms to compensate the workers and seize japanese assets tokyo responded by imposing curbs on tech exports lift it up and it is the victims of wartime forced labor have been fighting for compensation for the past 25 years we prepared today's protest to fight alongside them until they get an apology and compensation from japan. is. there a tentative signs that tensions might be easing on the anniversary of japan's 2nd world war surrender south korean president moon j in code for a wide ranging dialogue should all go we hope japan will help us facilitate peace and prosperity in east asia while it contemplates a past that brought misfortune to its neighbors if japan chooses the path of

dialogue and cooperation who will clearly join hands. with your hand on the. japan is also marking what for it was the end of the 2nd world war the commemorations have seen politicians visit the yes a cooney shrine which also houses the remains of war criminals visits to the sites always touch a nerve among japan's asian neighbors especially china and south korea the visits may add to pressure on seoul to hold its line in the trade war. that's it for me and the business team here you state your.

the for. the 3. journalists discuss the topic of the week from quarterly to this week 3 focus on kashmir one of the most beautiful and most troubled places in the world now india has revoked the region's long held autonomy and suddenly it all looks all kinds of conflict so how bad can things get find out on court riga show. 60 minutes.

take football personally. with all the wonderful stories that make the game so special. for all true for. the more than football. cuts. this is africa coming up in the next 15 minutes the shops closed for business in south africa have been underground which can be china's but township of soweto. owned by foreign nationals the government saying it's hung and has urged communities to refrain from the criminal activity. and the most vulnerable of the victims of mali's conflict we'll hear from the children pointed by nightmares off the fighting. then is kenya on track to reveal its ethnicity.