could a new currency in zimbabwe help ease thing talent shortage in that country monica jones will speak with our correspondent in her to find out. that and a whole lot more coming off the air that a business advocate and just a moment from a good bye i'll see you tomorrow same time same place. there . isn't calculable. their egos consensual. their rivalry 10 foot. 3 princes. who dream of the arab world. there are 4 power and boundless ambition has cost the middle east into a great crisis. so my princes of the cold starts nov

27th on d w. sure that people hold on for g.w. on facebook and twitter up to date and in touch. follow us. zimbabweans are waving goodbye to their old bank note the reserve bank of zimbabwe to release a new zimbabwean dollar coins and notes today in a bid to ease the cash crunch we go to harare for war also coming up looking up fassel stopped sugar and oil imports to boost domestic production but analysts warn the ban could backfire and plunge the country into a deeper crisis. well america jones welcome to do that we have business africa

starting in symbolic way where cash shortages are said 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 cover the cash shortfall it's part of a drive to shift the country back to its own domestic currency in 2009 zimbabwe entered 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 g.w. is a privilege of most of and here e who is standing by for us and so about his capital harare bridge 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 to 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 saying is that machines are going to be dispensing cash today but the money did not come into the banks or even this truth is we always see that when a new currency is introduced we sometimes fist see it on the apparel market was their 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. explaining 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 or months is been there more money and electronic. you know transfer is and even if you want to purchase things but mostly they're more bio money has 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 the accounts saw the central bank is saying that by introducing this new currency this is going to this is going to be solved all right so we're not just waiting for those notes to actually arrive privilege listen harry they have reporting from harare thank you so much. it 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 the small west african country simply cannot produce enough of the staple foods for itself many of 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 is actually important to many merchants are importing legally but there are other merchants who import illegal sugar the market is saturated and we can sell what we have in storage here we just can't compete with the low prices of imported sugar. or the people at the production of cooking oil producers and book

enough so are having similar problems with illegal oil imports they know the country depends on foreign cooking oil. when his team will be q.c. according to estimates working afonso needs 100000 tonnes of cooking oil annually we can only produce 13000 tonnes of so if you count all the domestic producers together we produce around 25 percent of what's needed with one quarter. did was one us who put up a pic will 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 liter bottles the import ban is hitting wholesalers hard they're hoping it will end soon. 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 looking

at it more closely it's not really a ban they're just no import licenses being issued. hairsplitting that doesn't interest the sugar factories managing director in bonn for a he's just happy with the results. and the amount of product in storage is going down but when the imports were banned we had $24000.00 tons of sugar in storage now it's less than $14000.00 tons that means that the measures of cause customers and outlets to buy our products we've also been able to win new customers as well as yes 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 galland was this band 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 we come to it 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 for this you need cooking or so if this is not be there 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 thing is that agricultural production is not growing not 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 friends in this company have seen the film they produce brown sugar but they 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 the toilet in a 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 mood they did do the same but the other question to think about is 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 that and if that sort of incentive would have worked better yet. if that would have been due to 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 but the basic problem is not solved all right again to follow their reporting for us earlier from book enough aso on the problems there with a 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 the 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 massive infrastructure development plan known as the belt and road initiative. today will have the chance to visit the cosco facilities in purveyors 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 parades to become 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 because of. the

investment in parades is one of 16 business deals ensuring the visitors 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 welcomes chinese investment. 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. it is 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. the great achievement drops are for the u.s. business africa for now for me and the team here amber lynn thanks for keeping us company.

syrian born on mary visits a local bar in the. he lives just opposite with a phone who was a member of the hitler youth as a child. some residents are suspicious of refugees in the neighborhood. but i mean there is curious about the bar's regulars across the road worlds apart. close up 60 minutes on d w. earth

a home for saving googling to goes tell stories of creative people and innovative projects around the world ideas to protect the climate and boost green energy solutions by global oil deals being done in a series of global 3000 on g.w. and online. this is deja news africa coming up in the next 15 minutes then i gerri ends in change human rights watch ses thousands of people with mental health illness 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 shut but that's not stopping the smugglers. you build a 12 foot war. chest will be put in for let's love.