tv Business Deutsche Welle March 5, 2020 7:15pm-7:31pm CET
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many of the country's gyms also closed people have had to change their lifestyles with some opting to work out in the fresh air instead. and while many italians have been obeying authorities advice to keep at least one meter distance between each other it's not a guideline being strictly observed by everyone. you're watching the news business africa is up next. i'm secure that volume or that's hard and in the end it's a me your not a lot of the year and more we will send you back. are you familiar with this. with the smugglers were alliances of the what's your story ready.
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i mean when i was in women especially in victims of violence and. take part and send us your story we are trying always to understand this new culture. you are not of a little another yet you want to become citizens. in full migrants your platform for a while information. africa's new health challenge the coronavirus rears its ugly head in several african nations it's already hit the continent airline industry with so many china flights cancelled now border security step up the screening of passengers we talked to an expert about the extent of africa's exposure to the outbreak considering how strong its ties have grown to china and meet growth ambitions of german travel giant chewy
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a little virus could get in the way. and benefits all and. let's to business the world health organization is concerned about the increasing number of countries reporting coronavirus cases especially those with weak a health systems 7 countries in africa have recorded cases algeria zenner go egypt nigeria morocco tunisia and south africa the last one being the latest to confirm the disease as a rival south african president cyril ramaphosa says it represents a national crisis health officials say a man who arrived from italy has tested positive for covert 19 post says it's spread will have a huge impact on travel and the economy south africa fell into recession this weekend is already struggling with high unemployment and rolling power outages. the w.h.o. has repeated its warning that some countries are not doing enough to fight the virus uganda in east central africa has stepped up precautionary measures in the
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hope of protecting its people and sluggish economy it attracts considerable foreign capital from china. the riving is and to have a international effort in uganda is not the end of your journey next you have to traverse the medical screening process that's been put in place to keep coronavirus out of the country. hundreds of people have already been put into isolation after passing through the checks some of them within moments of landing everyone isn't a road has to act fast even the airlines normally somebody living a fluke of their lives in 4 months and it begin from the airport but all it's done some taken form and all negative. so as we talk in uganda we still don't have anybody for an avowed off to keep it that way the uganda north or it is sipping extra cautious this group has a right from south korea the country with the 2nd highest number of coronavirus
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cases of the 700 people have been isolated since arriving in uganda almost 500 from the worst affected country china pale james remembers one of them. yeah i did it presented with a cough and sneeze ing and when you checked. this sentence. and we didn't take any chances we took them for blood samples which record the right of an outbreak would be a huge setback for a country that the world bank says needs to speed up its growth if it's to avoid a jobs crisis past one reason why the uganda know authorities are trying to ensure no one infected with corona virus takes it out of the air force. ties between africa and china a strong that's threatening the continent's economies as the virus spreads china finances 19 percent of africa's infrastructure projects making it the largest known african investor compared to the e.u. it only brings 5 percent to the table this could be an opportunity for europe and
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the growth prospects a good 4 percent boost in gross domestic product for north africa is expected this year for east africa we're talking about over 6 percent of course the numbers could change huge volumes of trade are at stake here you also got global commodity prices to think about we'll get to that later in the show 1st of all let's talk about african growth and viral spread with you would have one from the german african business association how worried are you about business between germany and africa 1st of all yet this time being not especially worried because we also see that it's a great towns for the african continent. disruption and the global value chains we have at the time being time ness in every single value chain and we do think that africa can step in here africa depends heavily on china though i mean that's something you can't change overnight but we do see some countries uganda for
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example looking to places like india the united arab emirates. to import because they have been import bans in many cases in china. will that include the e.u. though it will look as far as europe well i do think that africa many african countries have been looking and you are up all the time it's just a european that sort of still have this some glasses on so we just have to make sure that we're taking up the pieces now and that we take the 10 to set we definitely get why the lack of interest from europe. it's again and again a question of risk perception. african countrymen still especially in duminy seen as a very risky business come to an end. but i do think that we have opportunities we have been saying that many times and also the risk for section of course rona is very different in africa i have not that many cases as you said before and it's it's really that the africans say well we have malaria you know corona is not going
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to be our thing and i hope that they're going to be right. tell me more about some of the stop performers in africa senegal for example and what's not to like there are you seeing huge growth numbers but it is that something that puts off german business people do they think well that's so high it could suddenly collapse next year no i don't think that they afraid of that in senegal in the francophone countries we have to admit that it's still the french that are very strong there the germans still don't you know. not very familiar with the french just to start with but we do think this specially san diego but also quick there they are really the stars in the region and if they manage to keep the macroeconomic factor stable then we believe that the growth is really going to be staying to have the oil coming out that will protect an hour and 2020 so there are lot of good factors coming up you're talking about economic stability what about political stability
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because to be realistic at the end of the day that's what the germans want to see that's what they want to see that's true but it's not political stability as such it's a question of do we have a rule of rule of law or not and that can be that can be stabilized with any government to be quite frank. but i do think they're on a good way concerning their governments as well the have more stable governments that have good minutes just coming in we see so many delegations coming in and they are highly educated really good people that are striving to get their country forward and see if things change due to thank you very much for coming in very welcome. iran's oil minister says opec ministers have agreed on an extra one and a half 1000000 barrel a day cut in oil production meeting for 2 days and began a tehran says the deal allows it to remain exempt from the reduction handshakes aside or should i say corona virus where for shakes it's been tension over getting
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known opec member russia are on board prices have dropped $0.25 in stanley because of a global slump in demand. and let's bring in africa's pandey he's tracking the story for us from bonn will ves cuts help cure a global economy hit by a virus but ben this would certainly sue the oil markets which have taken a bad thing as you just mentioned as far as the world economy is concerned a lot depends on how the countries fight the wires how is it how far or is it going to spread any further how is it going to be contained how long is it going to last of these are the questions that is going to actually determine if the world economy is actually will recover or not from this wire is to tell you the truth we don't even know the true extent of the destruction caused by wires to the world economy where will this lead african nations to rely on crude revenues in many
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cases. well absolutely i mean you not much would change for them if the deal goes through they will have to cut some additional 1000 barrel of oil a day in production as far as i'm goal is concerned it is already over complying with the quota so i guess it does not need for haps to go in for additional cuts there it has already seen production decline because of natural reasons nigeria on the other hand has been under complying so again perhaps it doesn't matter for it if it gets to if it's told to cut the additional some 1000 barrels of oil so not much changes as far as the production concerned but they would hope that the world prices go up from here because it's a key source of revenue as is just mentioned the source of. these countries. thank you very much for the analysis. british tour operator thomas cook's
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bankruptcy last year opened up market share in an otherwise tight european travel think that the competitors best positioned to profit facing a new challenge in the coronavirus now it's all about survival. at least the fishermen in the harbor of where to them a cruise look relaxed. but for many the coronavirus is a major headache. tourism magnet 10 a wreath is popular with both the british and the germans but now the sun seeking holiday makers look worried each morning they wake up to gloomy headlines not exactly the recipe for a relaxing vacation. the koren team hotel may be far away in the south of the island but weeks of bad news about the 7 infected individuals intent to reef is having a negative impact on the tourism sector put it up but at the moment it's affecting
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the whole market restaurants hotels we're seeing fewer guests at the moment compared with last year. we're really feeling the loss of the customers but of course we hope that it will all blow over quickly but in most cases where the not that much. for the canaries the coronavirus panic is just one of many major problems wrecks it and the bankruptcy of thomas cook one of the biggest holiday bookers are making the crisis even worse the local office in perth to dela cruz has stood empty for months a list of excursions can still be seen and so can a notice about the company's sudden collapse thomas' kook's insolvency presents a great opportunity for german travel company to eat the germans want to take over thomas cook's market share they'll have to be well prepared for the coming summer season. but the coronavirus hysteria could 4th their aspirations share
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prices of the world's largest tourism company have recently fallen sharply which may lead to relegation the situation on the canaries has calmed down somewhat and most of the cells isolating hotel guests are at large once again but overall there is great concern in spain over tourism one of its most important economic sectors. just briefly while food prices have dropped for the 1st time in months united nations calculates changes based on a basket of cereals dairy products made in sugar prices fell by one percent in february following 4 months of increases they went through the agency says fires contributed to the pushing down chinese imports. nice to visit.
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hot and go friendly now for. in 60 minutes. and on demand. language courses. this is africa coming up on the program it was the turning point so sit down. the revolution last year on june 29th. alleged atrocities carried out to the security forces during the top also coming out. to africa on an equal footing.
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