tv Business Deutsche Welle November 5, 2019 6:15pm-6:31pm CET
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business reports on power outages in zambia as drought needs hydroelectric plants high and dry delicate you can always get the latest news and information around the clock on our website it is e.w. dot com i'm humphry in ballet and thanks for watching. i'm secure in the my work that's hard and in the end this is a me you're not allowed to stay here anymore we will send you back. are you familiar with this. when the smugglers were lions of the what's your story. 'd on what numbers of women especially in victims of violence in terms of its.
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part and send us your story you are trying always to understand this new culture. are not a visit or not and yet you want to become a citizen. in 4 migrants your platform for reliable information. zambia high and dry add left in the dark growing power cuts as drought leaves the country's hydroelectric power plants desperate for water. and the world's oil cartel opec says it isn't wired about the rise of alternative energy sources because energy demand is also on the rise. a bit as well and that's a business turning up the hate climate change is already hurting several countries in africa. especially zambia the country is facing its worst drought in years but
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the lack of rainfall has also affected its capacity to produce electricity by june this year water levels down the world's biggest manmade reservoir with down to a 3rd of what it was last year that forced the zambian government to implement some drastic measures since october zambians have been putting up with 15 hours of rolling blackouts a day to try to conserve whatever energy can be produced for the mining sector and while that could help protect the main source of exports the power cuts are hurting the productivity of workers the majority of zambians work in the informal sector. well to talk about that my colleague is he a chip on the chin beta. is loads of. loads and loads of load shedding rolling blackouts full ordinary energy consumers what else is the government doing to try to solve this problem well what they are doing they're really like running
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at a 3rd of capacity they can only produce a 3rd of what they need at peak demand so that's a huge deficit of power for the country and the solution that leads that was announced by the main electricity supply is asco was to imports electricity for south africa for 6 months that's $22000000.00. just explain to viewers why that's such a great great idea because of africa as it has its own energy issues and we don't know if that's even sustainable at all also we have to factor in the fact that he has a huge debt to g.d.p. ratio so buying energy from another country is by no means a good decision they have a currency a depreciation problem so buying in dollars also puts them at a huge disadvantage so there's a whole range of problems that the country has with electricity and its economy that if you put together a just not to working to it's of its advantage and obviously a problem scraping together the funds to invest in what really needs to invest in why hasn't it invested in the 1st place and say the g say well it has been in the
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way it has been there's been a lot of announcements but of course we don't know if the money is really going where it should there was a $4000000000.00 hydro power project announced by both zambia and zimbabwe in the summer and that would be on the river which the 2 countries they are on both sides of the river and it's on the talk of gorges supposed to be built by general electric and china power but that's of course not going to be something we can see from you know from night and day that it changes overnight going to happen so it's a long term project there's another one also at another river in zambia a few a gorge but that's something that's been high. it was being built by a chinese constructor and we don't know why that hydropower project of worth $2000000000.00 by the way was hold does no reason why so we don't know if it's related to the drought going on or if there were just issues with the project specifications with the chinese a constructor it was old a little bit of
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a hush hush thing what about in some of the other countries like south africa which we mentioned before. that's been going on for a really long time now it's problems with electricity and i guess that's going to be with them for quite sometime what. is the whole region has problems spoken about south africa we've spoken about zimbabwe of course as well the major problem major problem is the energy mix of these countries if you look at zambia it depends on 85 percent of its power coming from hydro power investing in hydro power moving hydro power and yet it should be probably doing more to invest in other power sources which had been enable it to be a bit more diversified so that solar for example is solar or wind or just other energy sources which enable more diversification and less dependence and the same could be said of south africa it's relies on 90 percent coal energy and that's also a problem so diversification is the big board here obviously surely jim davis thank you very much for coming in well the opec oil exporters say rising demand for
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energy especially in developing countries means global demand for oil will continue to increase the contents will cost a 12 percent rise in demand by $24.00. opec's and your report says that oil producing countries have no reason to worry about revenues despite the rise of renewables oil will still be the most important source of energy in 2040 it's mostly because the global economy is set to double by then meaning all energy sources will face the increased demand. in 2040 oriel is expected to have the largest share of the global energy mix at 28 percent followed by gas and coal renewable energy sources will account for 19 percent nuclear energy 7 opec assumes that many more millions of barrels per day or m.b.d. are needed 50 small countries which will be required to meet the majority of
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the. demand that equipments demand for pick liquids is therefore projected to increase to our own 44.4 n.p.t. in 2040. from time to 6.6 m. bt in 2018. the cartel expects market increases in demand from india and china especially those economies are expected to grow fastest in the coming decades and trends like electro mobility aren't causing opec any anxiety yet it predicts that even in 20 years only one in 4 out those will be battery driven. u.s. president donald trump says he will be ending trade assistance to cameroon starting in january he says it no longer qualifies for benefits under the african growth and opportunity sacked washington says cameron has failed to address u.s. concerns about human rights violations
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a military court ordered the release of opposition figures last month but that hasn't the situation and the independence movement in english speaking regions as in a military crackdown and $3000.00 dead according to the international crisis group . in the other global trade news french president of mammal mccaughey is in china to drum up new business and blow the trumpet for free trade accompanied by other e.u. leaders he met his chinese kind of paying at a vast import fair in shanghai against the backdrop of a trade war between washington and beijing. at the international import expo in shanghai my call and she raised a glass to global trade but behind the bar now many are deeper efforts to ease the tensions stifling global commerce the e.u. wants china to open its markets further despite repeated promises of reforms
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european companies are still disadvantaged in china korea. creating new balance links requires that chinese market access procedures be accelerated to make more transparent to enable foreign companies especially innovative ones to a stoppage themselves in china with confidence. of the question. she repeated his mantra about globalization and opening up chinese markets to foreign investment but he offered no new initiatives to ease trade tensions with washington and europe. china has been feeling the pressure of the trade war growth has tumbled to 6 per cent prompting the country to seek new ways to boost the economy. job for china will be happy to conclude high standard free trade agreements with more countries will also speed up negotiations on the china e.u. investment agreement at china japan south korea free trade agreement to china gulf
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cooperation council free trade agreement. call on the e.u. delegation will now try to seize the opportunity he now heads to beijing where he hopes he can build on the shanghai goodwill with she to address taboos such as the pro-democracy protests in hong kong. these next prized coffee beans approving a stimulant for the economy of. indonesian province usually makes headlines for stricture real. fame as a place for coffee tourists to visit. the best coffee in all of indonesia grows high in the mountains 1800 meters above sea level its special location gives ghio arabica strong aroma connoisseurs say it has a perfectly balanced blend of sweetness and acidity. life used to be pretty uneventful in the remote village of taka gone in sumatra such
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a province now coffee shops are popping up all over the place the beverage has become so popular that the local agriculture agency is gearing up for a wave of tourists. and get the shot that we cooperate with the tourism agency to design a tour package which includes rafting and overnight stays we teach them about how coffee beans are processed followed by rafting that week and. are not the one the company diot the growing popularity of coffee drinking is not the only reason that the farmer maradi now gets $21.00 instead of $3.50 for a kilo of beans. about an issue farmers can sell their products to the buyers who come directly to tuck a gun or they can sell their coffee beans online this mode of sales is very helpful to farmers because they can sell at a higher price compared to the past when access was limited and sometimes middlemen would cheat the farmers. to. new sales opportunities combined
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with the growing desire for quality coffee has created new possibilities in this remote location high in the mountains of sumatra. stocks around the world have been making gains on signs the united states and china may be inching closer to a trade deal japan's nikkei hit a one year high and shares in shanghai hong kong and so rose following the financial times reports that washington is mulling a plan to roll back levies on $112000000000.00 worth of chinese imports european stocks including germany's dax also close like the up of the news and you said being pointed at record highs. nearest flights from germany will be canceled already this thursday and friday a cabin crew union has called for a 2 day strike in the towns as citing an ongoing labor dispute with germany's
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largest airline the union says all flights starting in germany will be affected there is working on an emergency shuttle to minimize the impact on passengers the airline has condemned the walkouts and is considering legal action to prevent it. and the union are at odds over pay and pensions and the cons its refusal to recognize the union. nice doing business with you.
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language courses. video. anytime anywhere. w. . this is state of news africa coming up in the next 15 minutes big brother is watching especially what you're posting on social media. and this stems as preaches that all south africa's cost spitting. hello i'm christie one the welcome to news africa it's good to have you along.
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