plastic waste is picked up and paid for. coming up next indeed of your business with christoph cobalt i'll be back to the top next hour with more thanks for being with us. where i come from we have to fight for a free press and was born and raised in a military dictatorship with just one t.v. shadow and a few newspapers one official information as a journeys i have walked off the streets of many cantors and their problems are almost the same 14 solution according to a lack of the freedom of the press. we got on the 4th to stay silent when it comes

to the fans of the humans on the scene the white 2 fools who have decided to put their trust in us. my name is johnny carson and i weren't. stuck between a rock and a hard place despite more than a 1000000 corona virus infections on the african continent many countries are deciding against except in financial aid to fight the pandemic we'll tell you why also coming up turning waste into money for a recycling firm and god knows making it easier for businesses to earn a bit more by paying them for their discarded plastic and river holidays all the rage in russia as locals avoid for mercy. i'm chris colfer of

the unlockable program aaa that's what economies are striving for aaa is such a credit rating from the world's leading agencies ensures that countries can borrow at relatively low cost the label indicating a safe bet for investors but african that is highly speculative risks a higher and ratings less solid meaning countries need to offer bigger returns to entice investors and the coronavirus been demick is only adding to difficulties. the. ratings are like grades at school very good satisfactory could do better rating agencies use categories like this to rate creditors states and companies a poor rating can mean high interest rates making borrowing more expensive moody's for example reaffirmed botswana's 80 rating which is the best of all african states

and 2nd places with a medium grade rating while morocco and south africa trail in 3rd place with speculative ratings all other african countries evaluated by moody's have a worse rating. right now the fall out from the coronavirus epidemic is playing havoc with the health systems of african countries and yet individual states are reluctant to bail themselves of international aid programs to defer a loan payments. that's because the country which signed the deal with the world bank the i.m.f. or the g 20 risks being downgraded by the credit rating agencies. moody's place cameroon ivory coast ethiopia and senegal under rating review after they opted for debt relief from the g 20 at the beginning of this month moody's downgraded all 4 countries. let's get more on this from michigan would tease there he is a finance lecturer of the graduate school of business at the university of cape

town he joins me via skype good to have you on the program michigan many african countries are reluctant to accept financial aid during this time of crisis pointing towards their credit rating what exactly are they afraid of well thank you for having me it's a number of issues. that. we just discovered. you know you know contracts that all the countries they have signed to under or that they issued they they're close that when that tens of default in one. is that when they seek any. morning top government. that is a crisis right is it so that our own need to already cut. even even those auditoria so it to the rating agencies is just right for doing that

to use our. terms that we have the best and what would the impact be of such a classification of a default. well the impact is a huge help for me our in that i dispiriting in that it morning tony and yes. they had a huge the net effect because a lot of benefits of not paying out. you know and is the interest on that and those were the spike out so you find that dam was still there and. you're all going down a cost to spike up so i think it drew you to be very detrimental because it didn't want to tony i mean. that has to be paid at some point in time and what would a solution look like for countries that worry about their credit rating obviously

but are also faced with this health crisis of the moment well for me less faith that they have conceded to my district in the international financial market that should be the 1st option on there and if it can't be sustainable then they have to look inside. to read a bet or even i don't get dates and alternatively they can at motown point out by choice or. a new market rate so for me those would be the only losses to i that to burra men. mistake what is a of the university of cape town thank you for. plastic waste is a problem all over the world. is no different where only 2 percent of discarded

goods are being recycled as the 1st country in africa just recently joined the global initiative to end plastic pollution and a group of entrepreneurs is doing their bit and earning some cash along the way by putting recycling at people's fingertips. just quickly and their waste collectors on the road and based company is always on call to pick up its clients plastic waste and not only does their recycling phone collect their waste it also pays for eat the beds await the amount entered into the app and the money transferred right to the client's account opted to do it in the morning and then mine printed on a plate make a request and then place my request then one of the i ready to pick from and they pick up the plastic. 20 bags small collection trucks have been zipping around

a prostrate for 3 years every month they collect all the trail tons of plastic waste from regular customers and around $2500.00 housewives brings back to i teamed up with a friend for the project. by the mobile platform. people fingertips because. they can weave courseware pick up the car. and i would just pick them up to do salt to them both of the possibilities would be i would cycle between you put on. at the company's processing sites the plastic is 1st sorted and shredded. then there is out in flakes and pallets assault on 2 companies in ghana and europe. i 80 percent of the stuff is female their women. save the adults and leave the weight from their work here. through 3 or 4 thoughts in

a day that is a lot of money again and very 2nd said this also gets weights from down to accommodate the growing volume of plastic the company recently acquired a match piece of land on the outskirts of the city. and now to some of the other global business stories making news u.s. president all from once the use tax incentives and punitive measures to rein back jobs from china he said companies that outsource jobs to china should lose government contracts at a campaign rally mr trump promised to create quote $10000000.00 jobs and 10 months the current u.s. unemployment rate stands at 10 percent oracle has entered the race to take over tick tocks operations in the united states canada australia and new zealand u.s. president trump has threatened to ban the app in the u.s. if china's bite stands would keep ownership microsoft and twitter are also reportedly interested to talk norway's sovereign wealth fund lost $21000000000.00

in the 1st half of the year as the coronavirus battered global markets the fund was hit hard by its investments in oil companies which plunged a 3rd this year as demand for crude oil. now the united arab emirates may be swimming in oil but it has little arable land and duras dry baking hot summers that's meant and had to buy in 90 percent of food from overseas but now with the help of new agricultural technology the government is hoping to overcome its dependence on food imports. united arab emirates is growing pineapples salads bananas and more this agricultural revolution in the desert has been turbocharged by technology. these salads receive exact amounts of humidity white water and heat and. we want to

have looking at the product to vittie throughout the year the most on regardless of climate change and if or if there's winter floods or drought a bit of them is on. elsewhere farmers are working with hydroponics to grow pineapples without soil and sell the technology on. to tell it out about that off we produce approximately $4000.00 fruits per year and we're working to increase this production and. we're also teaching our friends to learn the hydroponics system. it's part of an aggressive effort to secure its food supply and guarantee the country has up to 6 months of stocks locked away for whatever may lie ahead. domestic tourism has surged around the world as year as the coronavirus and make makes international travel more difficult in russia for example holiday makers are flocking to countryside reversed to enjoy

a summer break. if there is one thing the coronavirus has been good for it's domestic to resume here along the riverbanks initially novgorod thousands of intrepid muscovites come to discover the hinterland to iraq aerated see bookings are up 3 fold thanks to those like the clemente family. but thank you mr abuse new abuse we have so many places that it's difficult to visit the mall a kayak gives freedom no need to drag heavy backpacks over the mountains you can travel by water the landscape is constantly changing you can sit by the fire talking and relax gourds of the mood of. a group of blues. perhaps the appeal of camping holidays as much to international travel bans as rules on social distancing and the great outdoors there is plenty of space to swim face kayak and cook and none of the distractions of city life.

it's in comparable with overseas holidays because here we are closer to nature where purifying ourselves we don't have phones we don't have a wife i would just relax we look at the sky the stars it's beautiful it's great. it's not just russia there has been a boom in holidays a home around the world the question for the beleaguered tourism industry is will it continue long after the pandemic is over. thanks for the company on. the phone.

to beethoven in the genesis did to do did he do. it is it is about a 60. many rubber bands of stolen beethoven. or of course the subconscious always one thing is clear the beat is wildly popular. and she is sure.

the unself biggest composer of time i can't even begin to imagine a world class one player sara letters on a musical journey of discovery. 2 without. a source of candor 16. this is deducted use a shot coming up today. pandemic that keeps claiming lives along the way. more than 50000 people have died in india from the cold of august and those are just 2 official figures what does india need to focus on knowledge to keep the pandemic in check we also chose chief scientist.