on with the grim task of recovering the dead. all right coming up next on the t.v. business africa carlos gone hits back in his 1st public appearance since he skipped bail in japan and embarrassed the japanese just sounds. coming right up with get her 1st on did any business stay with us. every 2 seconds the person is forced to flee their home. the consequences and disastrous our documentary series displaced depicts dramatic humanitarian crises from the. fucking thing we don't have time to think i didn't go to university to kill people. i mean a handful of people feel for their cars and their future so they seek refuge abroad but what will become of course who stay behind is simply

a bill my husband went to peru because of the crisis i wonder if he hadn't gone there we would have died of hunger going on and now. displaced scores for nearly 50. scholars go back in his 1st public appearance since he stripped bail in japan of the virus the japanese justice system that disgraced former speaks out against japanese prosecutors which he says what aided by indictive been such individuals that this solved just yet. africa's economy faces recession the logistics sic to the provide a welcome spot. this is business africa. your update on

africa on global business news i'm out. as welcome and we start with the latter the eyes of the business world were trained on beirut today where the disgraced former comment as a cause go on 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 and accusing him of one sided and the other except to call an acceptable 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 days since i was brutally taken from my word

as i knew it during a press conference lasting almost 2 and a half hour his own 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's nice and 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 it depend on i respectfully but on. and i respect the hospitality that has been extended to me by your court is indeed done 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 is 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 one half of that money went to 9 startups to id financial services providers lead the pack with

a nigerian company into switch at the very top it off has its own cash card as well as digital payments processing that the number 2 was old pay which is also based in the jury up is 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 the national 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 track of who compiled this data and also where the significant uptick in investor interest of african tech startups comes from. majority chuckles the investments in terms of funding amount actually comes from international funds and international investment that is if we compare you know

funding in terms of number of the a lot of local investors in 2001 things will have you know. opened up the funds for the next doctor 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 increase 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 traditionally or technology but the money that is going in is moving into that you know in trust issues and fundamental issues in terms of you know functioning of an economy so if the money's going into a print decoder not just a quarter of a supply chain it is definitely a mentor it will definitely improve the economy fresh. but 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 thin tech and surprisingly you know paul think that startups have been getting a lot of attention from investors and this is probably the 4th year of the 3rd and roll that's been dick has secured the highest amount of funding and capital from a list the reason being you know we're having a bank account you need an ideally didn't address proof which is kind of challenge that is the you know the penetration of this really high and everybody has them all by phone through which these been tech startups you know enabling transactions and making life easier. which other sectors tech sectors that is a 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 expect which you know has seen real big size deal that in most of the startups 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 barclays 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 damages from germany's dima they allege the mercedes maker failed to disclose its vehicles had been fitted with software to cheat on emissions test. price tumble off these. came to light in 2050. 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 a turnaround some some. pluses from memory chips a strong smartphone sales. the russian and turkish presidents have officially opened to the turks stream natural gas pipeline to be put in address of

the one each spoke at a special event in istanbul talks train talks free 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 just 6 . added an estimated 30000000000 euros to africa's most developed economy in 2018 economists believe the logistics and freight sector has what it takes to spark growth in africa's most developed economy one company already proves them right. that breakdown 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 buy the product i thought i did i ramble on to hades 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 $7500000.00 euros a year. after all the empties it holdings company includes feet management fuel and petrochemical supply and most lucratively mining logistics well playing in the money's mines in a way south africa has an advantage and we believe will weapons shouldn't to grow in the sector as a blend on company. rumble on its feet business provides vehicles for municipal work around the country like these trucks that are bound for the city of cape town . to the assemblies that we get involved in

a lot of fleets business both public and private sector. this is also in line with what i've done in the boston i used to work for ms it is a benz i used to do feed management and from as it has been say a few years ago. the logistics sicked if provides 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 and 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 but got lots of the economy challenges we're looking at growing but growing

our truck fleet we are growing our mining largest 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 the business. stories that's. business and also do follow us on social media or on facebook and twitter states christine. for you right after this quick. global markets.

sucks balls favorites. under strict. claiming plenty of emotion. the best games come w. school. what secrets lie behind.

discover new adventures in the 360 degree. and explore fascinating world heritage sites. just 360. now. this is news africa is coming up in the next 15 minutes africa's best football as sahil dominate the senegalese national soccer career began in africa today he's also one of the game's the best players in the world. a father and daughter reunited mozambique often more than 3 decades this is the legacy of a political agreement that's a phrase that families all to the board of the birdland and $989.00.