with him how to be done. as well by us having if i had known the boat would be that small i never would have gone on the trip i would not have put myself and my parents in that danger of the god of the theme of the going to get a flavor would. love one spunk a little bit on the ability to give them i have serious problems on a personal level and i was unable to live their lives i'm going to.

want to know their story in full migrants terrified to come for a bible information for more grants. i subscribe to g.w. books to meet your favorite writer famous i like to see myself as the king sky in the strange grown up world to this degree books on youtube. carlos going back in his 1st public appearance since he skipped bail in japan and embarrassed the japanese justices the disgraced former boss speaks out against japanese prosecutors which he says were aided by. petty individuals had listened to . africa's economy phrases recession delivered just accept the provider well. it's business africa 100 of you

your update on africa and global business news on as well and we start with the eyes of the business world we're trained on beirut today where the disgraced former commoners of collars go in has made an explosive public appearance his 1st since fleeing japan where he was awaiting trial on corruption charges he described his treatment by the japanese legal system as a quote travesty against his human rights and dignity and revealed more details about why he became a few fugitive tokyo prosecutors have reacted swiftly slamming his allegations accusing him of one sided and other except to call other people rather criticism of japan's legal system. in beirut carlos ghosn faced the cameras for the 1st time since his daring escape from japanese justice today is a very important day for me one that i have looked forward to every single day. for

more than $400.00 'd days since i was brutally taken from my words as i knew it chairing a crest conference lasting almost 2 and a half hour claim to have been a victim of a conspiracy by those who were against his plans to merge nissan and renault he pointed fingers it nissan executives tokyo prosecutors and elements within the japanese state i can't talk about what happens in the government of japan i can't give you names i know that but. i am a divine on i respectfully but on and i respect divorce because it has been extended to me by your core it is indeed and in no way i want to do anything or say anything that would make that task what difficult going described his decision to flee japan inside this musical equipment box is the most difficult choice of his life new footage has emerged apparently showing him being transferred between

private jets it is stamboul airport. back in tokyo prosecutors raided the offices of goans lawyer on wednesday junichiro hear a knock at says he was as surprised as anyone by his client's escape from japan. now that he's out of the country carlos cohen has shown he has no intention of keeping quiet about why he left and who he believes his to blame. turning our attention to africa now for years venture capitalists took little notice of african startups but that seems to be changing according to a new report the number of newly found newly founded rather tech companies is going through the roof and they're attracting large amounts of venture capital last year for the 1st time african entrepreneurs received more than a 1000000000 u.s. dollars from investors around the globe more than $100.00 of that money went to 9 startups to id financial services providers led the pack with

a nigerian company interest which at the very top it off has its own cash card as well as digital payments processing the number 2 was open a which is also based in the jury upis now known across africa allows customers to make payments with their smartphones number 3 and dela is headquartered in the u.s. but is active in africa the company trains that outsources african i.t. specialists to international tech firms that jury is far ahead of kenya and south africa 2 years ago south africa was the leader on the continent. spoke with of we tracker who compiled this data and also where the significant uptick in investor interest that african tech startups comes from. the majority of the investment in terms of funding amount actually comes from international funds and international investment that is if the combat you know finding number

the lot of local investors in 2001 things will have you know. opened up the funds for the tech startups and in fact one of the biggest investment done on the continent comes from a corporate which is close to $200000000.00 but the funding. that is a lot of money with this increased capitalization of those young companies have any real impact in local economies you think of course it has to because the continent just right continent is ripe for any sort of business be traditional or a technology but the money that is going in as well being in. that you know infrastructure issues and fundamental issues in terms of you know functioning of an economy so if the money's going into a print day or the largest a quarter of a supply chain it is definitely a mentor it will definitely improve the economy bush. well it's obvious

5 out of the top 10 who collected the biggest chunk of investment on fin tech start ups why do you think that is. young thing tech and surprisingly you know full think they've been doing startups have been getting a lot of attention from investors and this is probably the 4th year of the theory and role that's been discussed secure the highest amount of funding and capital from a chick opportunists the reason being you know we're having a bank account you need an ideal you didn't address proof which is kind of challenge but that is the you know. it's really high and everybody has a goal by phone through which these been tech startups are you know enabling transactions and making life easier. which other sectors tech sectors that is at the should investors watch now in africa. this was not the strength was

not the last day it was maybe very tiny but this year what has come up really big is the right healing and largest expected which you know has seen real big. deal that in most of the start ups have actually got funded you know under cities and raising more than upwards of $70000000.00 so i clean these 2 sectors are you know sectors to watch out for by antis i measured it and co-founder of we track us thank you very much. and now to some of the other global business stories making headlines today a group of barclays shareholders have filed what they're calling the 1st climate change resolution at the european bank they want the bank to stop financing energy firms do not comply with the 2015 paris agreements climate goals batteries is a british bank and the fossil fuel industry is number one financial supporter in europe. more than 200 institutional investors are seeking nearly 1000000000 euros

and the damages from germany's dima they allege the mercedes maker failed to disclose its vehicles had been fitted with software to cheat on the emissions test done. after the scandal came to light in 2050. shares have risen almost 3 percent despite a likely 34 percent drop in operating profits profits in the last quarter the south korean company expects to have made $6000000000.00 during the last 3 months of 2019 that's down on the down of the $9000000000.00 posted a year earlier but off on the gloomy predictions of analysts investors are seeing it as a sign of the tundra some some higher prices from memory chip substory smartphones . the russian and turkish presidents have officially opened to the stream natural gas pipeline to be put in address of out of one each spoke at

a special event in istanbul talks stream talks 3 will transport natural natural natural gas from russia across the black sea to turkey a 2nd section will eventually supply southern europe turkey is one of the world's 2 biggest consumers of russian natural gas alongside germany. while many of south africa's industries spots are in the phase of an economic downturn the the just 6. added an estimated 30000000000 euros to africa's most developed economy in 2018 economists believe the logistics and freights sector has what it takes to spark growth in africa's most developed economy one company already proves them right. i break down is just what you want to run the line it doesn't need i he runs a feat of 22 trucks constantly delivering coal to south african power stations i

got to get up to go out to buy the product line i thought i did i ramble on a heads one of the most diversified logistics companies in south africa i he founded his business in 2010. it has grown steadily and is currently turning over a $7500000.00 euros a year. after all the empties it holdings company includes fleet management fuel and petrochemical supply and most lucratively mining logistics well playing in the money is mind in a way south africa has an advantage and we believe will weapons shouldn't to grow in the sector as a black owned company. rumble on its fleet business provides vehicles for municipal work around the country like these trucks that are bound for the city of cape town . the 2007 days that we get involved

a lot of fleets of business both public and private sector. this is also in line with what i've done in the process i used to work for ms it is a benz i used to do a fleet management after mrs benson a few years ago. the logistics sic to provide 11 percent to 7 africa's overall annual g.d.p. growth. although an industry with low profit margins it is not yet dominated by and monopoly opening opportunities for smaller businesses. it's very much so sort of a cowboy atmosphere in the trucking environment but it is adding to g.d.p. it is one of the few areas of the south african economy that is. consistently performed and rumble on hopes his company and others in the sector will lead a revival of africa's most developed economy. but just as in africa the sky's the limit regardless of the economy challenges we're looking at growing we're growing

our truck fleet we're growing our mining which is fleet getting into warehousing. while the road for south africa may be unclear rumble on a says he will not allow anything to get in the way of his journey to the top. that's it from me and the business team here in the berlin also check out our website for more business stories that's the w dot com slash business and also do follow us on social media we're on facebook and twitter stay tuned christine month i will have news article for you right after this quick look at global markets at this hour.

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