so you see after send us photos and videos off what's. up next ahead on data business update is that taking a look at the economic affects of the coronavirus in kenya i'll be back at the top of the. happiness here is for everyone schumann penises are very different from primates we have a totally ridiculous romanticized view of nature. and this is climate change rags and sex how freeness in 3 books you get smarter for books aren't. just listen this is the sound of time passing as forests the size of 25 football fields are lost every minute adding to greenhouse gases but what is the sound of

a tree not for us the sound biodiversity tourism community development reliable food and water. the united nations development program is listening and working with communities to protect forests for the future we want if you're hearing what we're hearing find out more. coronavirus pandemic could see a spike in food prices in kenya the global outbreak is hitting all sorts of local businesses will catch up with our correspondent in the capital nairobi. trade is in your grandchildren's supplies a country normally imports almost $5000000000.00 worth of goods from china. by the chinese province of the center of the outbreak that allows factories derby open a ghost town to beijing's show of confidence that it has things on their control.

let's do business so far kenya has been spared the coronavirus but the economy is suffering because of its extensive trade relationship with china with travel bads in place flights canceled and restrictions on certain imports businesses are starting to have trouble keeping shelves stocked economists warn prices are likely to spike. in nairobi the store shelves are well stocked for now but many shop owners warn their supplies of clothing electronics and other goods made in china could run out by months and. shipping is tapering off in kenya's major port mombasa due to restrictions on trade with regions affected by coronavirus like china and observers say that could cause prices to spike throughout the country. and china is also responsible for hundreds of millions of euros in direct investment each year including in critical infrastructure projects

investment which could be in danger if the worldwide crisis continues each one drop china's domestic investment equals 0.6 percent in africa so at a high level i'm really really worried that this feedback. is now going into reverse this is unprecedented black swan event and i think we are we are going to really suffer the economic fallout from what is happening in china. with supply chains are structured around the world the kenyan government has faced accusations it's failing to prepare for the worst. and that could mean shortfalls of critical goods like pharmaceuticals as the coburg 900 continues to spread and that's going to directly for joy doreen beera is that criticism of the government justified. one would say yes it is justified but then on the other hand it was saying the government is doing everything in its

power to keep the coffee 19 out of the country but when it comes to you know the criticism of the government in one way or another there are some experts who have blamed the government for not exactly doing enough and of course not protecting the businesses of people because this virus has been and precedent it and therefore at the end of this month some of the business people in the country are predicting that they're going to run short of stork and then they will not be able to import more stock because as is the port of mombasa which is the biggest port in the east african region has not doctor but 2 ships 2 capital ships in that he said at the end of this month it's not just kenya that's going to suffer it's also by extension the neighboring countries that use the borders for importation tell us more about the types of businesses that are affected. well

there's so many small medium and large scale businesses as well that highly depend on china for manufacturing but also for the importation of finished products electronics clothing and textiles and so many others as well we've seen some business as well importing food from china and selling it here in kenya so all of those businesses are going to be affected those that manufacture in large scale to come and sell small scale in kenya as well are being affected and by extension the east african region what about tourism kenya has become a top destination for safari send i mean you could get any further away from the virus then went on safari. right and one of the source countries for kenya is tourists one of the new source countries has been china for the past 3 years and having this corona virus outbreak is cutting short

expected revenues for the tourism sector in the country and largely around the african continent because the figures have been poor at about $600000000.00 on the african continent that is likely to be lost as a result of the group outbreak and really comes the aviation industry as well that has been affected kenya has had to cancel all its flights to china to and from china and so the big losses that are being expected and of course people are talking about the economic fallout as a result considering that kenya highly depends on china of not just for most of its business but also for foreign direct investment just by thinking you put a price on the losses made on exchanges or for mr competence. on the 4th of march the nairobi securities exchange said it had lost about 125000000000 conditionings and that was just in

a day he saw all foreign investors and now looking into you know seeking shelter that is from fixed income assets and that is where most of the investments are going so the narrow securities exchange ease suffering as well and many other sectors as well and yet to call for government bonds and things like that but then we cannot tell how long this is going to continue during their thank you very much . thousands of businesses and traders in ghana rely heavily on products from china to serve their customers but the paralysis caused by the disease means they can't get access to vital supplies at a struggling to stay in business. joseph bang has been trading in lighting and electrical products in akra for more than a decade he imports over 70 percent of his products from china the outbreak of the coronavirus worries opening his current stock will only last for the next 2 months

he's afraid it could push prices up affecting consumers we talk about demand and supply demand is high definitely the money is constant. as always consume would be made and then this is forming in the place is going to go up. products from china used to arrive at ports like this one every month but there hasn't been a delivery here since the outbreak of code 19 and local importers are blocked from traveling to china to bring in more goods now they fear the worst if the health crisis continues after march there's not even fright in the 1st place. come to. those countries.

in some bull. so this is a big fuss. in $28000.00 alone trade volumes between ghana in china it's $7300000000.00 imports from china alone accounted for $4800000000.00 that makes donna china's 7th largest trading partner in africa. depend on chinese products and experts say gonna and other african countries don't have an easy way out of the crisis. everybody looks at china and even even you decided to go to euro cost of inputs could be much higher in europe and not yourself how many businesspeople would be competitive p.b.b. with sourcing yet imports from you so i don't think that is an issue that we can get. see that ok we don't really mind now if china with click to another country

because i think. for now that open can do is hope for the virus to be contained in the coming weeks to keep his business healthy. well it can all be traced back to one a city of 11000000 in central china and the epicenter of the new strain of corona virus disrupting global commerce. province of who bay says it's starting to go back to work after a lengthy lockdown if this ghost town is transformed it will be a positive signal for the rest of the world but there's reason to believe things won't immediately go back to normal carmakers are already signaling a return japanese firm honda saying it will restart work on its factory on wednesday rival nissan saying it's partially restarting 2 plants in the surrounding who pay province china is eager to show that industry is getting back on its feet it's routinely releasing videos like these showing factories in full swing but many

businesses and especially larger manufacturers are operating under reduced capacity they lack workers many of whom haven't made it back from the lunar new year holidays due to travel restrictions and distribution of goods also remains a problem to transport and flight restrictions. and even as infection rates steady there are questions of whether the worst is over or if the disease isn't yet done with china. there are still many cases and who by province and move on and control is arduous spread of the disease overseas uncertainty. uncertainty still the keyword as china tries to reboot its industry in a global economy. some of the stimulus measures countries are taking to shore up their own con amaze the bank of england has unexpectedly cut interest rates to just a quarter of a percent governor mark carney expects temporary but significant disruptions to supply chains and we can activity meaning increased demand for short term credit from households and companies. german chancellor angela merkel says her government

will do all it takes to ease the fallout from the outbreak that could include easing strict rules and increasing public spending medical science forecasts that 2 thirds of the country could contracts the biarritz. italian government is pledging up to 25000000000 euros to mitigate the economic impact of code 19 a 1st tranche of funds will be detailed in a decreed later this week it's expected to go to propping up the health system covering welfare payments and supporting businesses. the international monetary fund says spain should be allowed to hold off on structural deficit cuts this year as it adopts one of measures to support the economy during the epidemic dritte has promised to do whatever it is necessary to overcome the crisis it is expected to unveil a package on thursday guaranteeing medicines and providing loans to businesses. and in the u.s.

a survey by the institute for supply management shows nearly 75 percent of manufacturing and services firms ever boarded supply chain disruptions washington says assistance is in the pipeline for victims who are not getting sick pay and small and medium sized businesses. the u.s. government is giving while waiting another 45 days to do business with american companies this is the 3rd extension from the trumpet ministration officials say they're concerned the chinese telecom giants equipment uses lax software that could allow china to spy on communications traffic. company has denied the accusations. business with.

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