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tv   Business  Deutsche Welle  January 29, 2020 6:15pm-6:31pm CET

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this africa we look at how it plans for a giant dam on the river nile have pitched its electricity needs against neighboring egypt thirst for water. all that more coming up to my colleague ben don't forget you can get all the latest news and information around the clock on our web site that's the team w dot com and you can follow us on social media. thanks for watching have a great day. coach of british. sure link to news from africa the world tour link to exceptional stories and discussion from own uses easy to our website d.w. dot com so much for joining us on facebook j w for. the. climate change.
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her most are. still. going to be yours today couplers future. d.w. dot com there goes the. clue to the term. electricity old water both key to economic development both in short supply in africa if you know he has plans for a giant dab on the roof pitch its electricity needs against a brick egypt those for water ministers gather in new york to discuss a solution. to the world's 2nd. biggest economy under quarantine small countries
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close their borders to china to contain the coronavirus companies shut down operations. and health concerns aside cigar smoking hot right now african vendors hope to light up the industry. from going to school and business the nile river is egypt's life lot but high up on the blue nile tributary ethiopia sees hydroelectric power as the key to its drive to modernize that 6 cairo and up for conflict with sudan sandwiched in the middle egypt takes 90 percent of its agriculture and drinking water from the nile just 20 kilometers from the sudanese border if the opiah has been building 145 meter height grand ethiopian renaissance dam to provide hydroelectric power to rural areas and boost the economy egypt fears ethiopia's dam could pose an existential threat this week foreign ministers from egypt if you and
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sadat a meeting in washington to reach a deal water use during the years it will take to fill the dam and into the future once ethiopia's hydroelectric plant is commissioned let's go over to reporter maria get nicholas who she's following the story for us how justified are egypt's concerns in this dispute. well you jim's concerns of course are many about it's access to fresh water as you said the elder presents about 90 percent of egypt's press fresh water resources and mainly used for drinking water agriculture which is really crucial to the economy of course. and so egypt is concerned not necessarily because of the existence of the dam itself which is supposed to release all water but especially because that there has to fill a huge reservoir which is basically a huge artificial lake in front of the dam and wants to fill that reservoir as soon as possible of course to generate much needed an atrocity in the country but egypt
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fears that if the filling will need to quickly this will drastically decrease the flow of the nile and so it is really. is really pushing for a very slow healing 10 to 21 years as opposed to 6 years so some technical experts say they say however that it is not impossible to find a way to build a dam regrettably while ensuring that this will not significantly impact egypt so really briefly maria just explain to us directly going to get some sort of compromise. so i went to the agreement that we have seen in previous talks one of the possible agreements is about the feeling of the damage your guy has agreed to fill that out in stages many during the rainy seasons from july to september but the details still need to be a creed upon and also the main question which remains is how much water will be released during periods of drought so this requires
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a detailed definition of course of what drug means and how much huge of will need in case it dropped maria thank you very much for filling us in. chinese president xi jinping says containing the new coronavirus remains grim and complex analysts warn of a severe new term blow to the world's 2nd biggest economy more companies are cutting travel airlines cutting flights neighboring countries closing borders to china. the coronavirus is threatening more and more businesses reliant on chinese tourists from the mainland. in the absence of guests at the luxury marco polo hotel the move han staff have taken to exercising together in the lobby to stay active but the rapidly spreading outbreak is having profound effects on all kinds of businesses in china. in the capital beijing over a 1000 kilometers north of normally bustling streets and shopping areas are eerily
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quiet. coffee chain starbucks has temporarily closed 2000 outlets that's half of all of its shops in china. british airways and lion air have suspended all their direct flights to mainland china for the immediate future. several of the world's largest companies have taken similar measures apple has a major presence in china it's restricted employee travel to the country and is closing stores facebook has also restricted nonessential travel and advised workers to work from home toyota has closed down all production until feb 9th in china. has temporarily closed half of its stores on the mainland. with more than 130 people now dead as a result of the virus and around 6000 cases confirmed worldwide things are unlikely to return to normal for businesses any time soon. china's high tech sector is
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discovering africa as business with the u.s. gets tricky chinese companies a redoubling efforts elsewhere companies like well way start times trans ssion and putting more resources into their african benches opera the chinese payment service is up and running in both nigeria and kenya gen based mobile phone producer transition is considered a good example of how chinese companies can do well in africa and biotech firms like gene biological products see africa as a lucrative market the company office rapid test devices to detect malaria and dengue fever another wave of chinese tech investment is expected to roll onto african shows this year let's talk about that with most of the c.e.o. of after link a platform that brings together the best as entrepreneurs and innovators. 1st of all what sort of size of investment are you expecting this year from the chinese
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tech sector in africa so this you respect i would say 2020 respect and over a 1000000000 investments like you already talked about oprah oprah already raised $140000000.00 for african operations so i believe strongly that with the doubling of investments from chinese investors we are looking at over a 1000000000 this year tell me is it just a way for china to expand its tentacles or is this going to be a win for africa as well i think strongly is going to be a win for africa if you look at actually the new way we're looking at service up locations in service for ducts like we talk about payment was a look in the official intelligence like speech recognition and you can see that africa has a lot of languages and so in a way we are also put in african and they could tell mup so in a way i would say that it is also a win win as much as chinese companies are now looking into africa the more i think that it's also not what she's done it's actually creating jobs for african youth to also be able to you know kind of get paid for every word study actually gets
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recorded what you see is the most successful profitable fields to invest it. so i always tell any investor diversify and i think that's right no biotech is actually taking a strong. kind of strong impact so basically i was a biotech i think shell intelligence because there's a lot of data that needs to be collected for ai and then the last and i was in the service industry so payment what i would call equalize all the things that normally didn't exist without the help of technology these are things that i would tell investors invest in iraq going to be a busy man in 2020 absolutely i have to say i'm really excited to see that not only are we having the traditional investors like the americans or the british but also know having different players come to the field and that actually brings more fortunate into the african continent was a very much thank you. another setback for the us campaign to stop china's well way
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from building 5 g. networks over wires of spying the e.u. is urging member states to screen supplies for security risks but it stops short of any bad. the european commission says member states should consider banning high risk 5 g. technology suppliers from its most sensitive assets but stopped short of naming china's huawei the company's the global market leader in 5 g. technology which in turn is considered crucial for the digital future increasing connection speeds and possibly revolutionizing medicine agriculture and energy grids 5 she will make a positive difference says margaret divest aga the european commission to execute if ice president and digital economy chief but only if its networks could be secure as many critical services row depends on 5 g. ensuring the security of networks is of highest strategic importance for the entire
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european union. cybersecurity threats including the risk of interference by known e.u. states or state facts actors are becoming more sophisticated and more widespread the european commission is asking member states to assess the risk profile of 5 g. suppliers and apply restrictions when necessary whether or not that's the case for huawei remains to be seen. the e.u.'s decision mirrors measures approved by the united kingdom on tuesday both the u.k. and the e.u. a falling short on demands by the united states for a blanket ban for the chinese firm. everyone knows smoking is bad for your health but the tobacco industry is still thriving $29000.00 global sales of cigars well worth $17000000000.00 for africa it's worth some $116000000.00.
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cigar lounge in makoto the capital of mozambique it's a refuge for enthusiastic and ever growing middle class meets here to celebrate the pleasure of a good cigar. sound i started smoking cigars 10 or 12 years ago i tried bongani cigars recently and noticed they getting really good and it's nice to have a cigar that was rolled in mozambique made and produced here in africa. maybe nothing made in mozambique. i can afford bongani is out relief comes from cameroon and the tobacco is from mozambique each cigar is rolled by head and it's a skill that needs to be learned the company employs 5 cigar rollers together they produce $10000.00 cigars a month. to the front door of our kids guys involves
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a lot of understanding we feel like a family and we live that feeling in our work every day that's. the best in mozambique and in africa we hope we can bring them to the rest of the wallet and even if we are. in 2016 bung ghani sold its 1st cigar a single cigar costs around $13.00 about 10 percent less than a cuban cigar at the moment they are available in south africa kenya and mozambique lost in business or.
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blah. blah blah blah blah. don't miss our highlights. program. w dot com highlights. carefully. the soon. to be.
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discovered. documentary. this is state of the news africa coming up in the next 15 minutes that dirty business that is kenya's waste disposal we'll take you to a landfill in the capital nairobi if that's a source of livelihood for plucky people but is run by i'm stripping a criminal gag the government's hands on. the south african 1000000000 there has apologized for telling you.

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