it's a victory the sollie biggest cheerleader. they want their record as the bundesliga is worst ever team to stand by i that is your news update at this hour stay tuned for business news up next and richardson in berlin for mean the whole news team thanks so much. why did this person. there are. laws that can be done. to.

make up your mind. the pandemic has pulled millions of africans into poverty to truth a sudden disruption of global supply chains but could it new continent wide free trade zone around their fortunes. also coming up it's the 1st day for the post breaks a trade deal with europe's fishing industry still faces is of uncertainty. and the fullback say he wants the latest from cover to take coming expect a v. shaped recovery tough financial cars on the books. the year ahead. campaign was all

and let's do business africa's free trade block is open for business coronavirus delayed the launch by half a year but tradings now underway all african nations side up except for era trade 34 have ratified it the pact makes the continent the biggest free trade zone in the world a single african market of over a 1000000000 consumers total gross domestic product of more than 2 trillion u.s. dollars it's going to take a lot of work though to reach that potential ironically there's still disagreement on the scrapping of tariffs as many countries rely heavily on not revenue the rules of origin remain a sticking point as well the criteria used to determine the nationality of a product and members still have to create a sufficient transport network to make the most of the deal the agreement could help millions of africans with any great change comes disruption. the catch was

meeker and to make it almost sewer had to go far out last night where the fishermen used to fish has been cut off by the military the kenyan government is spending a huge deep sea port off their island in the indian ocean. they want to take the sound from. people in lamu make a living from tourism and fishing but they're victims of a new era in the age of africa's streatch trade zone lemuel is set to become an international not just stick center soon the excavator sent dump trucks will be replaced by cranes thousands of shipping containers will pass through a brand new port sylvester kazuko who runs the mammoth project says new rows and train lines will make the area a central transport hub for all of africa we're looking to be becoming

a signature infrastructure for the integration of the african continent and to realize. at ken yes biggest juice factory they can't wait to reap the benefits of the free trade zone 200 tons of fruit a process here every day they can peel and feel are brands every child in kenya knows and the boss camano kendall would like to export to more african countries the problem so far the lack of infrastructure and high tariffs but there was a history now as of january 1st 90 percent of goods can be sold entirely free of tariffs we are looking forward to this. because. there will be uniform. and therefore that's open market the african free trade zone will be the biggest in the world every african country except it it is taking part

it creates a domestic market of $1200000000.00 people it would have a strong. job opportunities. africa. and. let's all. the world bank estimates that free trade could help 30000000 africans escape poverty but it's going to be a long road here at the construction site in lamu workers earn just 4 euro a day a pittance and they're working for chinese construction companies china has long recognized how strong the african market will be. bigger institute is a research group in hamburg that focuses on developing regions. is responsible for africa is china helping create something in africa that's going to fairly benefit both sides thank you ben and in happy end.

it's all about china it's always a mixed reaction africa. although china has been able to contribute to infrastructure development on the continent and i think it is when it comes to any foreign you know relationship between nations. countries a list think of themselves friends and i think africans should always put themselves 1st in negotiating all relating with the nations china or the e.u. one so and china and the e.u. have you know talked about. their support they have strongly support said yes yes he and i think we should do that and that is when this agreement becomes you know cement and comes into practice i want to see that in practice we want to see them and they go she's in with africa as a single block what about the livelihoods of africans who are sidelined because of these huge infrastructure projects. yeah that it's been

a concern that there will be displacement as a result of this but one thing that. is created to do is to provide pro could use more jobs for africans as the sea is going to create a large markets where mall median and the prices as well as individual and should be in euros can you know disperse of your commodities and have formalize way to trade so the most important thing is that this yes yes you will create jobs. for many people who you know may have concern or may be displaced as a result of that the momentum here is that it is a free trade for the people it's a trade agreement that is target and for africans and will be of benefits of all africans political and will it become a real free trade zone i mean those tariffs still have to fall to the wayside.

yeah there's a lot of conversation about how that is true out the you know the pandemic how one can event as a country general of the yes yes he as been moving around africa is talking to many is does a trade and different groups branch am bags. you know private enterprises do we show that there is a way to create revenue too soon to ensure that it's how it is and use hopefully would see this in the future but there's a lot of that lot going on to ensure that back happens and until those conversations on the new and negotiations come to completion i will not know exactly when this good is going to happen but the the expectation is that terrorists will be reduced and 90 percent of trade between the continents and this is what we are eggs and if they don't all thank you very much for your analysis. thank you oh britain and europe are now doing business on different terms the u.k.

having left a single market for fisheries a 5 and a half year transition period begins in which a quarter of the use quota transfers through british industries after that it will be negotiated every year. captain fritz flint is in copenhagen getting ready for the 1st catch since the brakes a transition period ended his ship is one of the most modern to sail the north sea captain and crew are relieved the deal is done at least now they know the ground rules. have thinkers crossed it all works out to go otherwise we'd all be out of a job for a while it's not good when they say they can't reach an agreement and we've already been laid up for 2 months the norwegians kicked us out to it's not nice we're waiting with bated breath we've got families to think about family for me and a few metres away since boss conor schmidt pores over the new deal he's been at it

for hours. told into politics it's keeping me busy as opposed to. while schmidt reads flint and his crew give the boat a once over. they're ready to go. but the deal means massive cuts in british waters for quite a fish germany's last dedicated fishing fleet that's. just skimmed through the parts about cotton pollak will have 20 percent less catch that means we need 2 boats fewer in the next 5 years sense which is why i thought so your video and listen for a few. on the british side small scale fishermen on the english channel are afraid they won't benefit from the deal with the e.u. but in scotland the situation is quite different that's where most of the fish are caught by large vessels anyway and that's where the british profit the most from the quota increase castoff in cooktown from the e.u. this makes its way through the north sea on course for norwegian waters at least

this catch is guaranteed but the ball still doesn't know with the new year will bring does he have enough people on january 1st we don't know who's allowed in norwegian waters norway said as long as the u.k. and e.u. haven't reached an agreement no one's allowed in. the last days of 2020 were turbulent ones for fisherman around the north sea and despite the break the deal there's no promise that the waters will be any calmer for europe's fisherman in 2021. time now for a quick look at some of the other business stories making news tesla has started selling its chinese made model why customers in china can expect every as early as this month the world's biggest comet is offering subsidies for electric vehicles as it seeks to cut emissions. and a german vaccine make a biotech has won the e.u. could experience supply shortages until other $1000.00 jobs are approved the blocks

come under fire for being slow to authorize the buy and take in the 2 lation and for ordering only half as many doses as the us. so what's in store on the global economic front 2021 a financial correspondent in frankfurt sunday takes a look at whether vaccines can drive a worldwide recovery if the year 2020 was all about the coronavirus and lockdowns this year promises to be about vaccines and a return to normalcy the pharma industry created several vaccines in record time it's about getting those shots into the arms of people all around the world global markets so impressive rallies last year despite the pandemic wreaking havoc vaccine breakthrough suggest market participants could ignore the immediate pains and look forward to a swift post pandemic recovery the jury is still out on how global stock markets will fare this year some experts say that the markets have already factored in

a vaccine ledger coverage others say there is still a lot of steam left however there is little doubt when it comes to shares in travel and tourism companies airline stocks took a battering last year as a pandemic brought international travel to a virtual halt they could be ready for takeoff once restrictions are lifted and then there is the biden factor the incoming u.s. president is seen as less combative and more predictable than president trump and that would be a big relief for global markets which are still reeling from tranced trade wars and that means global trade is likely to continue its impressive post pandemic recovery last year saw a 9 percent slump but the w.t. who expects global good straight to write 7 percent in 2021 that bodes well for germany's export reliant economy the global recovery has so far been well supported by government cash and ultra cheap loans from central banks any premature tightening there could spell doom for markets and the mutating wireless may yet

throw in a cobol or 2 but fingers crossed. as. nice doing business a few fish. to. man and animals living together and unspoiled nature nelson only rain cofounded national life the only african wildlife conservation center run by the mass my community but since the coronavirus continue they have faced many more challenges than usual needs a kind of name shoot seen the conservation movement to find out. over time as you call out for. d.w.i. . used to it is pulling those 1st groups who could have

a. lot of us as we are now. in support of. what's save what's able. to be a book. taking your own hands for yourself on the environment that's often the key to success especially during this difficult times and today's edition of the who africa we will introduce you to a lot of different people who are doing just that with various initiatives to help b.n. bob welcome to the show i know it's a week coming to you from lagos.