a comedy of germany 6 to deepen business ties with africa will bring you the license from a major investment conference taking place in berlin. on the right kind of energy companies, insights africa are leading the way in the move away from cold this is the w business. i'm k. ferguson, thanks for joining me. the international monetary fund has defended its calls from member countries to increase their contributions without changing their boating power. speaking to dw marie, see now on the sidelines of the g 20 investment summit, here in berlin, crystelina towards the 8th. i responded to criticism that countries like china are being asked to pay in more without getting more say, the decision to increase the quote this for the i m f is driven by what discrepancy in the world around us. we have been hit by consecutive sucks,

called the war cost of living crisis, and that led to reputation increasing demand for i met financing. we now have about 220000000000 in financing 2 legs, the 6 countries. and that's made the issue of the financial strength of the funds in the world, the more frequent and dramatic sucks. so very pressing that the member she present decided to take it to step approach. step one, make defense financially strong. the steps to work on the alignment of the shares of members. so countries that, that under represented china, but also uh this i was just in single put also under represented countries that they can see the box to watts real islands because we also need the fund to be

legitimate. i want to stress that our members also took affinity, important step on representation by agreeing to add a 3rd chair for africa. so it's like out of africa. so the voice of africa can resonate most strongly in the decision making of gus. and you can see the full version of maureen's interview with kristin the natural ga, the on the dw news youtube channel. now as we just mentioned, krista, lena, georgia, eva is almost a number of big names here in berlin for a major conference focused on strengthening german business ties with africa. leaders for more than a dozen countries are attending the g 20 compact with africa conference. as the concept becomes increasingly attractive to economy, seeking to diversify supply chains, develop green energy projects. now germany is no exception here, but when it comes to investment,

it is still playing catch up. you can see it here. it's trailing far behind the china, the united arab emirates on the united states when it comes to foreign direct investment in africa. let's talk more about this with thomas chief i. he's a member of the board at foot sign group on the chair of this investment summit. mr . schaffer, thank you so much for joining us. now, african leaders are not short of countries wanting to do business with them. how is germany selling itself of an attractive partner, especially compared to the likes of china? i think there's definitely room for improvement going forward. just taking over the j. r for the soft free initiative to combine our efforts on africa. i think lots has been done. you know, the contact with africa initiated by the german government is you know, testimony to this on behalf, man, huge strides, but this needs to be strengthened going forward. also, today's event,

stupid pardon me. it's a platform where he does kind of connect with businesses that make kind of the consequent plans going forward. so definitely very important. eventually tell me more about what happens up this event. i know germany is especially keen to diversify its supply chains on to develop these partnerships when it comes to green energy. anything concrete helping today? well, today was only the opening, but the many subsequent meetings that are happening now over the next days and already engagement, especially on the topics that you said, not a green sustainability. sustainable energy, but also, and i'll be obviously very involved in the amount of supply chains. but not also this is goes across the spectrum. want to day was getting, you know, getting the positions right. getting the, the presidents that sustains coming through talking about the countries of your child so strong. see a talking about germany and to administer how big. so very important platform. the

beginning. it is only beginning, but you're from the automotive industry. what opportunities do you see in africa to the for goes got huge opportunities within the supply chain. i spent more than 10 years on the ground in africa and various functions. and i must say that in on africa's totally under developed and mobility, there's huge demand for mobility. people need to go from a to b and does a, an opportunity to lead from the development. they don't need to go a combustion engines 1st to then go electric, they can go sustainably. and one goal, ronda is one that read a good example of where they have done exactly that. so new solutions will help accelerate the progress they have. so now it's definitely the time to pay attention because it's through literally the only region that has huge development potentially, but everything else is contracted. all right, so we will continue to pay attention to my status. i thank you very much. it's

a pleasure, good night to some of the other stories making news, the richest one percent of the world is responsible for the same amount of carbon emissions as the world. poor us 2 thirds or 5000000000 people. that's according to analysis by the non profit ox from emissions by the wealthy are mainly related to travel by private jeff and yours, as well as the use of coal crease in villa construction or us course has fine german chemicals company buyer more than $1500000000.00 over its controversial wheat color. this came after for plaintiff claimed ryans of course illnesses including cancer. i are said studies have shown that we'd kill his active ingredient life. the site is safe. so 2 days after being fired from open a former ceo, sam olson has landed a new job, leading advanced a. i research term team at microsoft when i opened a eyes,

the biggest backers meanwhile, asked which boss i'm a cheer will take over as open a. i to the it's 2 sides, africa know, a country where power outages have become a normal part of daily life. poor infrastructure and a continued heavy reliance on coal means energy reform is desperately needed. change is coming though, with some promising initiatives from the private sector, offering hope for the countries green transition here at a distribution center for shop, right africa's biggest supermarket group. it's all about keeping things cool. the site north of johannesburg service is $1300.00 stores. that's about half of the groups. nationwide outlets. all of this product relies on refrigeration to stay fresh. and for that reason, during electricity outages,

we operate out generators for that uses diesel, which is dirty. so we've installed solar so that we can use the renewable electricity over the past year. load shutting costs shop, right, $65000000.00 euros and generator associated cost. since going solar 6 years ago, the group has built enough tunnels in south africa to cover 24 soccer fields. a now shop right is adding solar panels to distribution trucks as well. the panels powers, the refrigeration, as well as the lift when the truck is being offloaded, so it allows the truck to be switched off and safety. so more than 95 percent of both africa's electricity comes from state owned utility as calm which relies heavily on coal. while renewable energy is on the back burner. so that makes it electricity from code 5 pop cents, which constitutes about 80 percent of the utilities fleet. and

these populations have been problematic with breakdowns they often. so it's something those in south africa's mining sector understand very well. mining is the country, 3rd largest energy consuming industry gold. minor goldfields says load, shedding, severely hampers. it's bottom line. when you've got the shooting while the pol costs you do, that means you know um, still being such an activities running such an activity so that it would have been messed up, stuck in, stops that within the business, affecting the profitability offer to the cash flows of the business in 2021. the company turned to solar energy in now deliveries about a quarter of the power and itself. deep mind goldfields aims to slash around $6000000.00 euros in annual cost. but it's not just about saving money. the most important to um, risen was to ensure that we can remain responsible as

a list that the company and the to what contributes to watch a couple. when you try to cheat, by the end of this year, some experts expect private sold african energy benches to produce $7000.00 megawatts of power. that's more than double the entire energy capacity of some african countries. and finally, hold on to your hops because buyers around the world have been losing their heads over an auction. this weekend. the bids push this hot belonging to french. i'm for a napoleon bonaparte to a record sale price of nearly 2000000 euro. the 2 points it had to was napoleon for tauriel trademark. he chose to where it's sideways, he's believe, to have owned around a $120.00 of them, but most are now lost. the auction comes up an opportune time with a big budget movie about napoleon about to hit send him to the

reminder of our top story. the head of the international monetary fund says the global lender need more money and an interview with dw christina george, a. but defended her calls from member countries to increase their contributions without changing their books. and i show for more, you can always check out the w. com slash business. we're on the date of the news you tube channels as well, from me on the entire team here in berlin, by the

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the, this is the, the, the news line from finding guys is how much one house ministration has a dozen people that a hospital have been killed in miss sile strikes israeli tanks of surrounds of the intern easy and hospital in northern causes, which is the last remaining medical facility in the area. nearly 30 temperature of babies in critical condition have arrived in egypt for medical care. after being evacuated from the l. shameful hospital. germany's foreign minister on the line at that ball because rejected calls for a sci fi in gaza say.