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tv   Business  Deutsche Welle  August 26, 2019 8:15pm-8:31pm CEST

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coming up next it is deja vu news africa with christine long one to watch zimbabwe one year after president emerson non-god what came to power we look at the situation in the country today i'm sara kelly in berlin thanks for watching have a great day. welcome to the what is the game here for a decent. place to talk about a. bridge that's a. clear goal. i was here when i arrived here i slept with 6 people in a room. it was hard i was for. i even got white hair.
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language. this gives me a little but you need to interrupt let's say you want to do their story. or fighting them for a little information for margaret. shaken not stirred stocks are 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 east african nations to join the world's league of oil exporters and not just printing parts but creating business and jobs our tech outfits in south africa are harnessing the potential of the next industrial
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revolution. i did let's do business it's a roller coaster ride. first tit for tat tariffs then trump's threat to order american companies to leave china global equities dropping is monday beijing allowing the you want a 4 but then the us president in to add another trade war truce sending stocks bouncing back. to 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. very good growth curve balls i mean they won't be able to get you it's
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very important. for you to look at your story into a lot of things about and it's quite versatile. and it's going to be british and it's going to be great for. the chinese government doesn't seem to share his enthusiasm beijing did not immediately confirm that tops are to take place all that emerged was a terse statement well i'm going to give you economic and trade disputes between china and the us should be resolved by a dialogue but the us 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 in tramples on the rules of multilateral trade and threatens the security of global supply chains and. that doesn't sound like willingness to negotiate it sounds more like china signaling
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a firm stance the rhetoric escalated on friday when trump sharply high 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. 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 own digital taxi companies will be reimbursed france earlier this year and that a 3 percent levy on the idle revenues from digital services of large companies including prominent you is this its president trump had threatened to hit back with import tariffs for example on french wine. and storage there you kenya which exported its 1st batch of oil. president to who can yet to clear the ship out of $200000.00 barrels of crude a special moment in case history and
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a turning point it's just a chinese trading company can china or be made in shipment for $12000000.00 u.s. dollars for export to malaysia they've all comes from the south lock chop basin in kent his father north it was discovered by british firm tolo and its 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 we sold to camp china and chinese multinational firms and shipped through the port of mombasa and that the only or a pilot scheme this is the 1st export cargo from kenya in fact it's the 1st export cargo from east africa so it's 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
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to count on bring you all here to mombasa and they'll be a number of shipments like this one in the future and that 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 the can document an oil explorer a 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 taste flow rates before the start to fulfil 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 kilometers of sedimentary basin. we've explored 10000 we've drilled 50 wells.
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there's nothing despite this milestone for kenya it won't be until they get 2024 the country reaps the benefits of its oil as explora tell all which has the largest interests in the oil with a 50 percent stake will be seeking to recoup a return on investment estimated at about $2000000000.00. which our joy during barrow is our correspondent in the kenyan capital nairobi joy 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 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
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a fraction of the surface of what kenya's full potential could possibly be so all yes these 560000000 barrels of oil all simply 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 folks can yeah it is something to celebrate because this saying that the crew of that has been discovered or that he's being drilled in kenya is no 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 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
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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 gold 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 these 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 that these ones have been without challenges or i mean we have seen a number of challenges locally where the investor says they have faced
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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 charring to kunta down to the port of mombasa and also the ports of lamu during vera for us and i repeat 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 argue it will create in types of work here to south africa businesses which are proving just that. jaw bones teeth skulls and much much more comes right out of this printer at rapid 3 d. the largest 3 d. printing company in africa. we cover design cover consulting we cover the
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commercial incrementation of the actual machines we do a print service last year alone we did $40000.00 votes in some of those parts going africa we even did it install for machine in ivory coast. and 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. 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 tooling there's no choices you can fall keeps on small local orders giving the small business in africa locally the opportunity to play on the even playing field. 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 to store
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a road for industrial revolution enough rekha has been that you know these robots are going to take much needed jobs but if we get that these things out 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 or cameroonian jeweler working in south africa. get to the least of these i was effect is to learn to basics only and how many years to pay for it to go before me after learning to visit from the university i waste it under complicity sainted saying. earrings neck laces and pendants are custom made items 3 d. printing is used to make the molds to create gold or silver jewelry did some old songs some support front for that tree 4 years ago we had 18 clothes working all school handmade malls things like that where today we've got nearly 50
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stuff and inside of that we've managed to i vote for you ok weird literally quadruple the amount of jury that pre-manufactured. on for christian the future of manufacturing in africa only means one paid for by you with no running away from the t.v. manufacturing. so we did this we know the embrace of the better for africa so 3 d. printing could reshape the continent get it finished lasting business with me. someone
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who condos their dealerships their delicacy. they're dangerous because the price paid to produce them is highly contaminated water forced to forestation and even organized crime the darker side of trendy foods. close up in 60 minutes g.w. . much of it is going to. join linked to from
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africa the more the link to exceptional stories and discussions from own uses easy to out with safety debited comes much traffic out join us on facebook. for god . this is do you have any is africa coming up in the next 15 minutes the new dispensation deploying old tactics rights groups say zimbabwe's amasa next up what has presided over a brutal crackdown on human rights in these post yet in office. we don't be afraid very afraid of demonstrating getting caught simply because of politics. and will say case of the case refugees from. now have to call hoax.

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