in zimbabwe to help ease the cash shortage in that country i want to show we'll speak with our correspondent in harare to find out. all that and a whole lot more coming up on the business africa in just a moment i'll play a little rock and roll in thank you on behalf of all of us are spending this part of the day with us we'll see at the top of the hour. go to the girl next new chance. most a good bunch of stupid. exclusive. must see consuming parts of culture to europe. should be curious minds. do it yourself networkers. subscribers don't miss out.

and on demand. cast lead which course and. video and or. any time. w. . zimbabwe waving goodbye to their old bank know their reserves. to release a new zimbabwean dollars coins and notes today in a bid to these a cash crunch we go to. also coming up ok now fossil stops and oil imports to boost domestic production but analysts warn the ban could backfire and plunge the country into a deeper crisis. and i want to get jones welcome to a business out. starting in sim where where cash shortages us sets to be

a thing of the past the country's central bank was set to officially release new lower denomination bank notes and coins to comp of the cash shortfall it's part of a drive to shift the country back to its own domestic currency in 2009 zimbabwe dollarization as a way to counter hyperinflation the government says the currency is now stable enough to reintroduce the local currency but critics say confidence in the economy is waning. and for more i'm joined by a privilege of most of on here re who is standing by for us and so about his capital harare privilege 1st of all have those bank notes and coins arrived we heard that there was some kind of a delay. monica we can see that thing came through the streets and the banks today in terms of the

new currency that is expected. people were eagerly waiting there were messages coming from government officials sayings that machines are going to be dispensing kish today but the money did not come into the banks or even the streets is we always see that when a new currency is introduced we sometimes fist see it on the peril market was there word why the money hasn't arrived just yet the central bank did not issue any statement or even respond to questions that the media we're asking why. that they expected currency did not come onto the market is expected today these no explicit explanation as of now why this happened right so just briefly in the meantime how do people pay for the

goods they have to buy. what has been in use in the past years all mines is been more bio money and electronic. you know transfer it is and even if you want to piteous things but mostly the. money is been in use but flayed was it what has been happening because of the case should use people have been charged high premiums for them to withdraw money from their mobile so the central bank is saying that by introducing these new currency these going to this is going to be solved all right so when i'm just waiting for those notes to actually arrive privilege listen harry they have reporting from harare thank you so much. that was meant to boost the domestic economy and create jobs but the book enough fossils temporary ban on importing

sugar and cooking oil seems to back a small west african country simply cannot produce enough of the staple food for itself many at the prices will soon skyrocket and that would be a disaster especially for those 45 percent of the population who already live below the poverty line. here in bonn for in western kenya fast so only 20 employees are left here making sugar and production will soon grind to a halt and the reason for the slowdown there's no storage space left for domestic sugar the state run company isn't able to sell it because imported sugar is cheaper . than it was or q many merchants are importing legally but there are other merchants who import it legal sugar the market is saturated and we can sell we have in storage here we just can't compete with the low prices of imported sugar. if you look through production cooking oil producers and book enough aso are having

similar problems with illegal oil imports they know the country depends on foreign cooking oil. according to estimates working afonso needs 100000 tonnes of cooking oil annually we can only produce 13000 tons if you count all the domestic producers together we produce around 25 percent of what's needed with one quarter. not being able to produce enough is just one problem companies there are not catering enough to the needs of their customers who would prefer buying oil in one dieter bottles the import ban is hitting wholesalers hard they're hoping it will end soon. but it caught a lot of people by surprise but the measure itself didn't there were long conferences between the companies and the government and there's the result of

looking at it more closely it's not really a ban there just no import licenses being issued. hairsplitting that doesn't interest the sugar factories managing director in bun for a he's just happy with the results. because the amount of product in storage is going down but when the imports were banned we had $24000.00 tonnes of sugar in storage now it's less than $14000.00 tonnes that means that the measures of cause customers and outlets to buy our products are so we've also been able to win new customers because this is what to us but the government's policies could also have a negative effect many analysts are saying that sugar in oil will be hard to find here in 2 months. and i'm joined now here just to get informal who also sent us this report in our gallant was this ban this temporary ban on sugar and cooking oil

imports was that mistake we can't say that it was a mistake this is yet to see what will happen if this fear which has been expressed in the report will really come true because cooking oil is really basic and stable food because there are many people as you said also in your presentation and if they can perhaps eat one day one time per day it's rice and chicken or rice and vegetables and listed it cooking or see if this is not be theirs might be also a big crisis and yeah so it can be a big danger but the government didn't impose the ban in order to hurt the economy they actually wanted to boost the domestic sector of the domestic industry to produce. the sugar and the cooking oil why can't they deliver if the problem is multiple faces of this problem the one seeing is the agricultural production is not growing up also because of the climate crisis so the rainy season is growing shorter and shorter and so there is not enough supply but on the other hand the

companies which produce a good they don't produce what the market wants to so for instance this company we have seen in the film they produce brown sugar but the also want to have white sugar and they have seen also this very very big oil can this is in the report but many people don't have the money to buy it 20 little it can and so they buy every day like half a litter and they don't get it so they get the important thing and the sort of thing is said there's also this sort of inferiority complex i think everything coming from foreign countries had a better quality so in this they did do the same but the other question to think about this is it's really a good measure to protect your own companies like this or would have been better to in sent them to do to produce products which. is what and if what sort of incentive would have worked better yet. as it would have been to do consulting with companies how can you do you should go what can you do to get other packages if you can perhaps reuse them or reform let them or you know this might have been

a better strategy than to do this temporary ban and then it's good for 2 months and that by the basic problem is not solved all right again into for their reporting for us earlier from book enough on so on the problems they have with the temporary ban on sugar in oil cooking imports thank you so much for your time. their chinese president xi jinping was in greece today to strengthen economic ties with a mediterranean country has this it comes just one week after the greek prime minister met him in shanghai for the 29000 international import export when greece was the official partner country at 1st glance the asian powerhouse and europe's debt stricken member state make an evil couple but they both seem to tend to the other's needs greenies needs money and china needs access to infrastructure one of beijing ski purchases in greece was a majority stake in the historic port of rails and today it is china's gateway to

europe. this is a carefully choreographed business the aim to showcase existing economic ties and to foster new ones. among the deals the 2 sides have already signed off on is a 600000000 euro investment by a chinese company cosco in greece's largest port of parade yes it's set to play a key role in china's market infrastructure development plan known as the belt and road initiative. today will have the chance to visit the cosco facilities and prayers to see and examine up close the further development of this very important investment following the approval of the master plan by the greek government but our target is mutual for a is to come not just the largest port in the mediterranean but why not the largest in europe after all it is already becoming the most vital transit hub between europe and the recent. push towards the investment in parades is one of 16 business

deals ensuring the business and a reminder of just how close these 2 countries have grown over the past decade in 2009 when greece found itself in the grips of a financial crisis it welcomed chinese investments. beijing for its part sees the opportunity to invest in a strategically important location at the crossroads of europe africa and asia. but not everyone sees these kinds of deals as an agreement between equals. in greece and elsewhere in europe there are those who are more wary than welcoming of china's growing influence. and it's a big day for egypt the country is marking the 100 and 5th anniversary of the opening of the suez canal one of the world's most important waterways connecting the mediterranean with the red sea it took a 1000000 egyptians 10 years to build it in

a feat of matching building the pyramids dramatically cut shipping times for the growing international trade between europe and asia a new 72 kilometer 2nd lane which opened in 2015 then allowed traffic to increase to record levels. great achievement and drops our. business africa for now for me and the team here and berlin thanks for keeping us company.

it's a talk show. strong. it's clear positions from international perspectives of supply . every week we get to the point on our current topic. and. come it isn't just. to disappoint. the guys. with different languages we fight

for different things that's fine but me all speak up for freedom freedom of speech and freedom of press. giving freedom of choice global news that matters w made for moderns. this is news africa coming up in the next 15 minutes then i jerry ends in change human rights watch says thousands of people with mental health field a song locked up in places where they're being abused. and also coming up on the show the border between nigeria and their share of remains shots but that's not stopping the smuggling. war. love.