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tv   Business  Deutsche Welle  August 26, 2019 7:15pm-7:31pm CEST

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i have concluded the g. 7 summit in france with a joint press conference the 2 presidents held talks of the summit as positive and suggested that trump could soon meet with his iranian counterpart to discuss tension over the or wrong nuclear deal. coming up next sunday their view news that it is w business in africa with my colleague ben physical and i'm sorry kelly in berlin that you so much for joining us have a great day. s.o.s. europe the european crisis. if it's to have a future it will meet champions young champions. to transfer countries. to your function to train for
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a change europe. do they stand a chance. can they save the european idea. of the market i need to stand up for european values and contribute to something important that she of. the future of europe starts september 2nd on d w. shaken not stirred stocks of skittish as trade tensions drive investors crazy u.s. president or trump says talks with china are back on he believes beijing wants to make a deal. can you call that a big milestone the 1st things that african nations to join the world's legal boy likes. and not just printing parts but creating business and jobs our tech
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outfits in south africa are missing the potential of the next industrial revolution . i did for let's do business it's a roller coaster ride it. first tit for tat tariffs then trump's threat to order american companies to leave china global equities dropping this monday beijing allowing the you want a 4 but then the us president in to add another trade war truce sending stocks bouncing back. and did donald trump's hardline approach drive the chinese back to the negotiating table that's certainly how the u.s. president is framing it on sunday in berets trump said he was sticking to the tariffs even while the other leaders appealed to him and asked him to relent then on monday trump announced that china called with the offer of fresh talks.
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very good growth curve balls i mean business there would be it would be a good deal it's very important. for you to look at your story injunction a lot of things around and it's quite a personage a great leader here and it's going to be british and it's going to be greatly missed. the chinese government doesn't seem to share his enthusiasm the aging did not immediately confirm that talks are to take place all that emerged was a terse statement when you go in you know economic and trade disputes between china and the u.s. should be resolved by a dialogue but the u.s. adding further tariffs on china seriously goes against the consensus reached by the 2 countries leaders at the also g 20 summit and harms the interests of both sites and tramples on the rules of multilevel rule trade and threatens the security of
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global supply chains and. that doesn't sound like willingness to negotiate and it sounds more like china signaling a firm stance the rhetoric escalated on friday when trump sharply hike tariffs on billions of dollars of chinese imports retaliation for fresh duties from beijing. at the g 7 meeting in beer it's france and the u.s. have ended a standoff over a french tax on big internet companies that's according to french president manuel cole he says both sides will work on having an international levy in place by the end of 2020 at this point france would scrap its digital tax and companies will be reimbursed france earlier this year and the 3 percent level he'll be idle revenues from digital services over large companies including prominent new west tech businesses president trump had threatened to hit back with import tariffs for example on french wine. they store
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a day in kenya which exported its 1st batch of oil president to who can yet declare the ship of 200000 barrels of crude a special moment in case history and the turning point in its test of a chinese trading company came china or made in shipment for $12000000.00 u.s. dollars for exports of malaysia they all comes from a self luck charm basin in it is found north it was discovered by british for tolo . and it's joint venture partners the company estimates the field holds 560000000 barrels of oil. kenya has joined the league of more oil producers worldwide albeit on a small scale due 140000 barrels of oil were sold to cam time at a chinese multinational firm and shipped through the port of mombasa and in the early on a pilot scheme this is the 1st export cargo from kenya in fact is the 1st export cargo from east africa so it's
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a really key milestone. this cargo will go to the far east. and most likely singapore l.l. pilot scheme will continue the trucks are continuing today to to run smoothly from the count on bring you all here to mombasa and they'll be a number of shipments like this one in the future and not should run for some time in the meantime there's a lot of work going on to prepare for this will be called the fruit field development and the fufu development investment decision we're expecting in the 2nd half of 2020 since 2018 they can document an oil explorer total oil have been running a pilot scheme transporting 2000 barrels of oil per day by truck from to come to in northern kenya to the port city of mumbai to terrorist flow rates before the start up for food production and exports the construction of a pipeline however is expected to reduce the cost of bringing the oil to port the government believes there is more oil to be explored we are 400000 square
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kilometers of sedimentary basin we have explored $10000.00 we drilled 50 wells. it's not that despite this milestone for kenya it won't be until they get $22.00 for the country reaps the benefits of its oil as explorer tello or oil which has the largest interests in the oil with a 50 percent stake will be seeking to recoup a return on investment and stimulated at about $2000000000.00. well joy joy doreen here is our correspondent at the kenyan capital nairobi troy a british firm as i mentioned found this oil and i guess will be raking in the profits how much will trickle down to kenya. well the trickle down effect is meant to be a shared one because we're looking at tunnel or oil that is the investor and the government is what is also looking to rip some revenues from this oil but it's too early stages for it as now to determine how much is going to be gotten out of this
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oil that we have we spoke earlier on to the principal secretary for the petroleum ministry here in kenya and he did mention that this is just krach of the surface of what can use for attention or could possibly be so or yes these 560000000 barrels of oil possibly in what has been explored so far but there could be more in the other unexplored wells in the country is this something to celebrate i mean a lot of countries and companies are going green right now well for kenya it is something to celebrate because they're saying that the crude that has been discovered or that he's being drilled in kenya is low south low crude oil and so environmentally it happens to be more marketable compared to what we are seeing on the wall solar tunnel oil as well was saying this has been easy to mock it even
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with the only oil pilots can because the oil is not as environmentally damaging as the rest of the crude oil we see on the world market the other thing i'd like to point out is that oil's been a curse in places like nigeria how can you do business differently. one actually can say that kenya will escape it because we have seen this happen in nigeria and in countries like ghana and on cola but for can you right now what some of the measures they hope put in place are things to do with revenue sharing where the reserve formula and a free market that guides how much revenue goes to the country or the national government and how much revenue as well goes to the communities where this oil is being drilled and how much goes to the investors well so that you know way sort of controls how much of this revenue goes to each entity but it cannot really be said
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that this won't happen without challenges already we have seen a number of challenges locally where the investor says they have faced a number of challenges with the communities locally delaying the process says for them to transport the oil. to the destination that is the portal so until some of these challenges can be worked out through a legal framework i think then is when we will see small operations of the oil moving from lucky char into qana down to the port of mombasa and also the ports of lamu during vera forrester herbert thank you very much the critics call the next to no 0 revolution a job killing which take will leave us with nothing to do but many analysts and you know creating types of work here to south africa businesses which are proving just that. jaw bones teeth skulls and much much more
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comes right out of this printer and rapid 3 d. the largest 3 d. printing company in africa. we cover design cover consulting we cover the commercial incrementation of the actual machines we do a print service and last year alone we did $40000.00 votes in some of those ports going or on africa we even did install 4 machine in ivory coast. in just over a decade the company has grown exponentially with offices in durban cape town and johannesburg providing chances for growth and development within the 4th industrial revolution. just so the small business in the african continent you always competing against the global players with they've got the size to push product cheaper rate with this is no 2 doing there's no choice you can for pete on small local orders giving the small business in africa locally opportunity to play
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on you can play into. this engine component can be rotated as soon as it comes out of the printer straight away it's ready for use inside the motor this technology can help to create employment the story for industrial revolution enough it has been that you know these robots are going to take much needed jobs but if we get that these things about video and that if we actually implement it in the right way it could actually bring a lot of jobs but it means doing things differently like christian dombo a cameroonian jeweler working in south africa. get to the least at this i was effect yes to do indeed basics only and then how many years to pay 50 before me after listening to visit from university i waste under complicity sainted san. earrings neck cases and pendants are custom made items treaty printing is used to make the molds to create gold or silver jewelry
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did some old songs some support on for that 3 or 4 years ago we had 18 quarries working all to school handmade malls things like that where today we've got nearly 50 stuff and inside of that we've managed to ivo for year paver it literally quadruple the amount of jewelry that pre-manufactured. and for christian the future of manufacturing in africa only means one thing i think you would know that any with from the t.v. money thanks hearing. so we did this we know the embrace of the beta for africa so 3 d. printing could reshape the continent get it finished lasting business with me. reads
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you know the sex phone operator who works her master's thesis on the potato. to read. not a turn on wrote it it's more words it was from their. true list. strange and. every journey begins with the 1st step
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and every language the 1st word can be called the cohesive germany. why not learn with. the chefs in simple mind on your mobile and free. t.w. zingy learning course street journal maybe see. this is deja news africa coming up in the next 15 minutes the new dispensation deploring olds tactics rights groups things about ways in the synagogue what has presided over a brutal crackdown on human rights in he's 1st year in office. don't be afraid very afraid of demonstrating in getting caught simply because of politics
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. and will say each of the planes refugees from both now have to call home.

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