tv Business Deutsche Welle January 9, 2020 6:15pm-6:31pm CET
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story was repeating itself one thing is for sure though with this new criticism of flaws of the british presence unlikely to stop anytime soon. aren't we just have some breaking news coming in briefly u.s. president donald trump saying he has suspicions of the cause of the iran plane crash he believes somebody could have made a mistake a 2 u.s. officials have reportedly said they believe iran accidentally shot down the ukraine airliner that killed 176 people where of course waiting for more details on that stay tune for to have your business with her doctors. believe this meter just shows but rather shows how. smart the way when you're going to. go
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before with mobility show every week w. . in the light of climate change. africa. what's in store. for the future. that can make your city go to insight. culture. the power others depend on the war the construction of the grand ethiopian. has led to conflict between egypt and today the parties will be meeting for. told his story to reporters formal. talks to prosecutors in beirut meanwhile.
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his accusation. of crowds it would keep doing business with iran to preserve a critical nuclear deal and offset u.s. sanctions so why is european investment. on african global business affairs. as well. the construction of the ground if you . lead to conflict between if you and egypt sit down on thursday the parties will be meeting for talks in addis ababa. one wants the others depend on the water finding a breakthrough is said to be a challenge so far it has ignored all protests against its plans after all reliable. essential for the country's development. a vast modern textile factory in addis ababa right now ethiopia is doing better
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economically than almost any other african nation. the government is keen to develop the martin manufacturing sector but regular power cuts are making life difficult for companies which is why many ethiopians are eagerly awaiting the completion of this mega project. the grand ethiopian when a some stem is set to go into operation at the end of 2020. once full the reservoir basin will be up to 120 kilometer zone and 50 kilometers wide 16 turbines will then generate around $6000.00 megawatts of hydro power enough to supply all of ethiopia with green power. but the dam could cause difficulties for ethiopia's upstream neighbors like sudan and egypt as much as 90 percent of egypt's
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irrigation and drinking water supply comes from the nile. egypt once ethiopia to fill the reservoir very slowly to cause the least disruption to its agricultural irrigation system. pierre on the other hand wants to have the hydro power station running on maximum capacity as soon as possible so far the debates not showing much sign of let up. prosecutors in lebanon have banned carlos grown from leaving the country after interrogating the foreman this and over the the financial misconduct charges he's facing in japan during his 2 our hearing go on was also asked to provide the address of which these residing on have in his french passports he has french brazilian and lebanese citizenship gold's lawyer says he is very comfortable with lebanon's judicial system that's a big contrast to what the former car boss said about japan on wednesday. using his 1st public appearance since fleeing the country. beirut's justice palace this is
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where carlos going was questioned by prosecutors for nearly 2 hours his lawyer says go on trust the lebanese justice system. there were 2 sessions one related to the interpol request and another one related to visiting israel will be a communique shortly and it is a group of lebanese lawyers has filed a formal complaint against going accusing him of normalization with israel over a visit he made in 2008 levanon deems as your own enemy state gone doesn't have to fear going back to japan because lebanon has no extradition agreement with tokyo in japan his arrest triggered a heated debate about the country's justice system on wednesday go and alleged that he was held in inhumane conditions and treated like a hostage he said he had no chance of a fair trial the charges against him include under reporting earnings and misappropriation of company funds from his employer nissen his criticism of japan's
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justice system has struck a nerve for years a federation of attorneys there has complained that they are not allowed to be present during the questioning of suspects who are put under enormous pressure to confess that makes a guilty verdict highly likely. the conviction rate is 99 percent even a judge would think the defendant was guilty because they are not so right from the beginning even though the defendant's lawyer says he's innocent the judge doesn't think so. when you know something when you and we say that. japan's justice minister rejected the allegations and called on going to submit to her country's justice system. digitalisation is widely thought to be a huge opportunity for africa but for nations to be able to make the most of it internet access has to be reliable and affordable only turns out that in many places it's not let's look at download speeds for example here's how long it takes
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to stream a high definition movie in front of 5 gigabytes in some places the republic of congo it's 734 minutes as more than 12 hours so it's still an ethiopian in the. guinea it's would take more than 1300 minutes to download that's almost a whole day what's more many of the slow speeds come the highest costs this is the average price paid for a gigabyte of mobile data more than $35.00 in authorial guinea $25.00 in zimbabwe and a bit more than $10.00 in south africa comparatively cheap so let's bring in. from our crowd to talk a bit more about this tell me about where you live how is excess ability in ghana. so it's a mixed situation in parts many parts of the country is difficult for people to
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access the. you can't access the internet. along. the internet at the high speed and really even within. areas where you cannot access. high speed internet so for many people who really rely on it for business this is quite challenging to plan with eat and also the cause is that. for some. companies you need $10.00 to watch says one bite of the issue also is that you need to. pay i think we lost. of the. telecommunications and internet access not very good oh yes ok we'll try to get back a bit later in the show. and now we come to some of the other global business stories making headlines today the world bank has cut its global growth forecasts
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for 2020 planning a slower than expected recovery in trade and investment slide fall comes despite hopes of a trade truce between the u.s. and china last year the global economy grew at its slowest pace in a decade. china's inflation has hit a 70 year high due largely to the surgeon told prices after an outbreak of african swine flu the cost of pork has doubled as authorities struggled to contain the disease while maintaining meeting demand. german luxury carmaker b.m.w. sold a record number of vehicles last year sales were up 1.2 percent compared to 2080 the results of all this with an overall trend in the car industry which is facing weaker global demand. just under a year ago france and germany created a special investment vehicle to shield e.u. companies in iran from u.s.
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sanctions the idea to help iran's economy and give tehran more reason to abide by nuclear a bit it hasn't worked out european investment in iran continues to fold and can't come close to making up for the country's lost oil sales through the u.s. sanctions now many iranian businesses are wondering if things will ever turn around . entrepreneurial counted on was saudi has shown many visitors the model of his 58000 square meter production facility he wanted to generate $500.00 jobs in the region 3 hour drive from the capital tehran suppliers would account for another 1200 jobs he wanted to begin production long ago but then the u.s. sanctions went into effect the tension could be cut with a knife. if i can envision bits that will top the banks and money transfers make our lives so difficult that we can't pay our suppliers and the suppliers can't even
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deliver the items we order. we're a german company caught between 2 worlds and we're trying to struggle our way through so i get through thick and thin. down of zod he has both german and iranian roots he's been a successful automotive component supplier in southern germany for 30 years he initially invested 8000000 euros in games or he runs special economic zone planning on entering the renewable energy business after all iran has plenty of sun the plan was to invest much more but then the banks put the promised loans on hold what was meant to be a blossoming business landscape remained a barren wasteland and donald saadi is not alone he knows more european investors who trusted each us sure and says that they would support investments in trade with iran in spite of u.s. sanctions assurances that now ring hollow. we expected things to go wrong but we knew we had the german government's assurances and efforts so we
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thought we could make it work because the german government had our backs but unfortunately that hasn't happened yet. dogme are born in from the german chamber of commerce in tehran has paved the way for many german companies interested in doing business in iran the middle eastern country has 75000000 inhabitants that makes the market interesting at least until tensions turn into a war is good even if we have a saying iran is not a market for beginners it's very advanced businesspeople but the advanced business people know i can assure you and they tell me to this day that the market is interesting and the efforts pay off. but only of the investments took place before us sanctions in iran donald doesn't see any chance of building a solar factory he'll now have to go back to concentrating on his components company in germany. and here's
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a recap all 4 of our top stories prosecutors in lebanon have banned carlos golan from leaving the country after interrogating the foreman this on chief over the financial misconduct charges he is facing in japan and that's all from me and the business africa team here for an end if you want more stories and lots of background check out our website which is of course d w dot com slash business also if you don't already do follow us on social media we're on facebook and twitter. better stay tuned for christine she has news africa for you that's up next after a quick look at global markets at this hour thanks for.
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what keeps us in shape what makes us see. my name is dr carson i talk to medical experts. and i discuss what you can do to improve your health. stay tuned and let's all try to stay. out of. this is. coming up in the next 15 minutes is a lawless libya getting closer to political settlement there's been a flurry of diplomatic engagements but the theater is crowded with foreign actually has to have different interests and back rival powers in the country. and the price of saying i do in africa i'll be talking to one of the most sought after waiting.
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