madam, you're watching the news is a reminder of our top story. 6 opposition figures are facing close trials and bella roost among them and has been to the position lead up atlanta sick enough that he's that accused of inciting hatred and unrest for his criticism of long time. the example because that's it for me in the news team coming up next. how the world banks plans to speed up coded $900.00 vaccinations and allow the use it's about the it's about power. it's about the foundation of the world order the news talk road. china wants to expand its influence with this trade network. also in china is

promising this partners rich in europe, there's a sharp warning you want wherever accepts money from, the new super power will be kind of dependent on it. china's gateways, europe starts in july, 1st on dw, the introducing the world's newest airline. how sensible is it to start a carrier in the middle of a global pandemic? we ask that he oh, of play from iceland. also on the show, south african banks hesitate to lead to struggling entrepreneurs. private finance outfits are stepping in to fill the void. the corona virus cases are rising and africa amid a slow vaccination roll out. talk to the president of the world bank about plans to

speed up a vaccine deployment. this is the w business. i'm janelle de la unwelcome, launching a new airline during a pandemic that has weighed heavily on the travel sector is not ideal, but that hasn't stopped the people behind play. the new iceland carriers 1st flight took off earlier today to london. seen here getting a water salute as it departed from break, give it please. initial network features several european routes from the i funded capital. i didn't have plans to eventually fly trans atlantic to start up budget airline is seeking to raise $35000000.00 from a listing on a small stock market in iceland. now this new carrier play begins operating flights to european destinations. barrett or young person is the ceo of play and he joins us now. so here's the obvious question. of course, why would you start operating a new airline now in the middle of a global pandemic?

well, i think that if you would look at the market condition, you would see that this point in time is probably the best time point to start the l. and for a very, very long time, the market demand is growing. there's an abundance of new and suitable aircraft to be leased in on a very favorite terms. and also the demand for, for travel in europe is skyrocketing and the next weeks and months. so if you're well fronted like we are, this is the perfect time so, so we know what we are doing. so you say there is no time like the present, but the nordic airline, of course, the northern airline industry, excuse me, is notoriously tough. we still remember, wow, air going out of business 2 years ago. that's a budget airline from iceland like yours. and that was without a pandemic. you consider yourself kind of a reboot. well air we have some dna from low air,

but i think it's also to do with the fact that these kinds of airlines were mostly underfunded. and, and we, you mentioned our i p o v today. but we have previously raised $50000000.00 us dollars also. so we, you know, have close to $1800000000.00 us dollars in new equity with know that that's a huge game changer. so if you have a strategy and you know what you're doing, and you have a controlled stat, we don't want to be the biggest airline in the world. we're not going to go into long haul. like while we're flying to elaine and we're flying to india from iceland, we will, we will stick to our core business, then i think we'll be ok. now you've been highlighting the financing that you've gotten. you're saying you're well funded. you also have said you have plans to eventually fly trans atlantic. going to that you said how quickly will you be able to expand in today's challenging environment?

well, i think you have to have a very good point because we are not in any hurry. we want to build our ground very securely and, and our infrastructure in the company. and then we will launch the us opperation next spring when we have securely secured our base. so we are no hurry to take the big staff or we're growing too fast and losing control of our growth. we just want to do it in a measured staff, in a, in a peer and sensible strategy step by step. if he does that, thank you very much. they're very yonce and there he is, the ceo of play. now as the economic fall out from the pandemic continues, south african entrepreneurs are struggling while the government pledge to guarantee bank loans to them to the tune of $12000000000.00. the bank stem cells have been hesitant. private financial service providers have stepped into the breach. the

pandemic kind of resulting economic crisis has wiped out 40 percent africa, small to medium sized businesses, but efforts to rebuild have inspired one entrepreneur or a financial institution might say, risk own and co mostly innovation. and potentially and look at all business model is one that ends the challenge for space where the traditional banks have failed to help small businesses. we not only give that guys access to funding, we also give them operational support. this initiative moves beyond simply grunting alone and can be actively partners with business owners from the big picture to day to day. anything from managing cash flow to meeting deadlines. what do we need to buy? to buy something like? how many people use it pays off for both parties and co most cost is 20 percent of a projects profit. fortunately for the banks can help me find my fund. my fortunate

i met own advising me or vice me and also supporting me financially. and i'm living a bit of my independence. however, the very great. i wouldn't have had my business without him. in 2020, to sit african government implemented a 12000000000 euro covert. 1900 loan guarantees came with the country's big banks. but after a year, only $1000000000.00 has been distributed as banks are wary of taking on plans they deem to risky for balance between being prudent and being a restrictive. what the sold off can bank deed was being very prudent. because at the end of the day, the loans have to be repaid, and you do not want customers who have an sustainable dent. in comes the wealth management has already funded 16 entrepreneurs to the tune of 1000000 euros in 3

months. protecting 234 jobs in the process. we're looking to deliver innovative financing structures for small enterprise years across the country because of banking sector and the government are not doing that. and it's important for us to do that because the country needs to grow with its aim of scaling up to 10000000 euros by the end of 2021. initiatives like this, offer away for businesses and the setup are going economy to rebound stronger than before. to kenya, now, where are the international monetary fund has approved $470000000.00 in immediate support to the government? the funds are part of a $2340000000.00 packaged approved in april to be disbursed over several years while the i m f. expect growth in the country to pick up this year. it warned that uncertainty and panoramic related pressures with persist until vaccinations are

widely available. now the slow vaccination rollout has meant that kenya and many other african countries are seeing a sharp rise in corona, virus infections in response african finance ministers. and the world bank group has pledged to fast track vaccine distribution on the continent to avoid a 3rd wave. the african unions target is to vaccinate 60 percent of the continents population by 2020 to the world bank wants to help with resources to allow countries to purchase and deploy vaccines for up to 400000000 people across africa . the world bank has made $12000000000.00 in financing available to help distribute vaccines in 50 countries, 2 thirds of which are in africa for more enjoyed by the president of the world bank group. david, now pass. welcome to the program. so can you tell me why has it taken so long for other countries to pitch in when it comes to the african vaccination effort?

these are huge, complex problems. we have to remember that the vaccines only started becoming available at the beginning of the year. and most of the vaccines went to the advanced economies themselves, even down to younger people in those economies. so there hasn't been a system to make available the vaccines to the, to the developing countries. so i'm very pleased with our announcement this week. we've entered partnership with a bad at the applicant vaccine alliance that will that, and they're getting the 1st doses that are coming in. so we're very pleased to be able to finance those and finance not only the purchase of the vaccine but also the deployment. so this is the steps that people really need to do in order to get shots in arms. now you've mentioned deployment, that's also something you've highlighted in your statement that it's important to ensure that purchasing vaccines actually results in vaccinations. how much of

a problem has that been getting jobs into arms? it's been a big problem because there hasn't been up the process to match the available vaccines to the countries that want that particular vaccine. you know, there's been a differentiation in the world in the types of vaccines that, that individual countries want. so what we've done at the world bank is base our base, our funding, and our program. i'm on what the countries want and that, that, in that way, you reduce the reduced the waste. you get some countries one astrazeneca, some countries want johnson and johnson someone, pfizer, that's a, that's a complicated matching process. and that's, that's what we're, we're, what we're doing now. this african partnership is very good because there is already been an identification by the countries of what they want. and now there's a delivery scheduled. the hardest thing has been getting delivery schedules into

the developing countries. and so this would be the 1st step, this matching process. now or also at the stage of the pandemic where the rise of the delta variant is causing concerned in many countries. how worried are you that ever more transmissible corona, various variants might outpace, be already slow vaccination in africa? it's a great concern, not just in africa, but in latin america and, and also in asia at and so the, i think the urgency is to get as many people vaccinated as possible. that's why this matching process is so important and has to be pushed along that, that we need to think in terms of billions of vaccinations in order to then reduce that the creation of those variance. now what should change in order to accelerate heard immunity on the continent?

it's very important that there not be hesitancy in getting vaccinated, especially the people that are vulnerable. so that tends to be the older, the older population. we need to have as much penetration as possible. that means that communication efforts. so the world bank financing that's available also is, is not just for deployment, but also for the countries can use the money to best get the job done. oftentimes that's going to be encouraging people with regard to the vaccines that are, that are arriving. another thing that we're doing is increasing the supply of vaccine. so i'm, i'm, we're, we're very close to announcements of the, of the consortium with, with south africa that will, that will make more doses available. david, now pass,

he is the president of the world bankrupt. thank you very much for your time today . thank you. that's it. for me and the d. w. buses came from or you can always go to d, w dot com slash business. thank you so much for watching. the news . the fight against the corona virus pandemic. how has the rate of infection in developing? what does the latest research say information and contact the corona virus. because the 19 special next on d, w to the point. strong opinions, clear positions, international perspective. sunny days, bomb the evenings, crowded football,

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