it's and on the stable economy, the new leader will have a chance to put his reading on solutions to the test. said you're now for business with kate ferguson. there's also plenty more news on the w dot com and on social media our handle there is apps, the units on the co fairly. thank you so much for joining us today by the next someone else through the g d highlights of selected for you. you every week and a new a box, subscribe. now the fast fashion as an environmental nightmare. a clothing graveyard image of land desert. this is where things wealthy industrial nations no longer need, and the lightest textile waste gets stranded here.

all about the final stuff in the global fashion industry. fast fashion. watch now on youtube, the, the international monetary fund says it needs more money as the world is us fault is by a cocktail of crises. we have been hit by consecutive sucks, called the war cost of living prices and that led to increasing fort i met financing in an interview with dw crystelina. georgie. ava defends her decision not to much voting. power with money paid in also told me

of germany $6.00 to deepen business ties with us for cost will bring you the license from a major investment conference taking place in berlin. and the right kind of energy companies, insights africa, are leading the way in the move away from cole. this is dw business on 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 that 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 because

the war cost of living crises and that led to wrap it, increasing demand for i met financing. we now have about 220000000000 in financing to length the 6 countries. and that made the issue of the financial strength of the funds in the world, the more frequent and dramatic sucks. so very pressing that the membership because of decided to take it 2 step approach, step one, make defense financially strong. a step 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 port also under represented countries that they can see the bought to watts real islands because we also need the fund to be

legitimate. i want to stress that our members also took a very important step on representation by agreeing to add a 3rd chair for africa subsonic 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 chris to the natural, ga, the on the dw news youtube channel. now, as we just mentioned, krista mina, georgia. eva is about 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, developed 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 training far behind china, the united arab emirates on the united states when it comes to foreign direct investment in let's talk more about this with thomas chief i. he's a member of the board at forks on group, on the chair of this investment to 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 attractive partner especially compared to the likes of china? i think there's definitely room for improvement going forward. so just taking over the, the j r for the soft free initiative to combine our efforts on, on africa. i think lots has been done. you know, the conflict 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. so today is event stupid,

pardon me. it's a platform where he does kind of connect with businesses that make tons and tons of advance going forward. so definitely very important event today. 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 in judgment, especially on the topics that use that 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 had sustains, coming through, talking about the countries of your child. so strong c o, talking about germany and to administer topic. 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 navigate? it's got huge opportunities within the supply chain uh, spent more than 10 years on the ground in africa and various functions. and i must say that an honest effort has 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 for our development. they don't need to go a combustion engines for us to then go electric. they can go sustainably and one go run those one. really good example of where they have done exactly that. so new solutions with how accelerate the progress they have. so it now is definitely the time to pay attention because it's through literally the only region that has huge development potentially, but everything else is contracting. all right, so we will continue to pay attention to my say. so thank you very much. it's

a pleasure now 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 is 2 thirds or $5000000000.00 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 concrete in villa construction or us course has fine german chemicals company buyer more than $1500000000.00 over its controversial wheat color . this came off for, for plaintiff claimed range of cost 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, some oakland has alonda, the new job, leading advanced a i research term team at microsoft when i opened

a eyes, the biggest backers. meanwhile, x which boss, i'm a cheer, will take over as open a i to the it's to south africa. no. a country where power outages have become a normal part of daily life port 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 his product relies on refrigeration to stay fresh. for that reason, during electricity outages,

we operate out generate as well that uses diesel, which is ducky. 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 pause 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 owns utility. s. com which relies heavily on coal, while renewable energy is on the back burner. so that makes it electricity from code 5 pop plants, which constitute about 80 percent of the utilities fleet. and

these pop plants have been problematic with breakdowns. they often. 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, all the pol costs you to administer. 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 to affect the cash flows of the business. in 2021, the company turn to solar energy. it now deliveries about a quarter of the power in itself. deep mind goldfields and to slash around 6000000 euros and annual costs. but it's not just about saving money. the most important to um, risen was to ensure that we can remain responsible as a,

at least at the company and to, to what contributes to, what's a co, when you try to keep by the end of this year. some experts expect privates of african energy ventures to produce $7000.00 megawatts of power. that's more than double the entire energy capacity of some african countries. and finally, hold onto your hops because buyers are right, 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. it's the 2 points it had to was napoleon sartorial 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 off 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 georgia about defended her calls from member countries to increase their contributions without changing their books. and i show for more, you can always check out dw com slash business. we're on the deed of the news youtube channel as well, from me on the entire team here in berlin, by the

new ideas we gain self confidence in terms of sustainability and resizing electric home. and in fact, emily's us, when it comes down to process the competitive some china and the us all the way ahead, we move the green transport revolution before june and company next on dw, the recycling resolution with fluorescent currently testing a completely new hosting plan for plastic waste right now, one of your plastic points. how does this innovative process work? tomorrow today? in 60 minutes on the w. some hot tips for your package and

manage the corners boats affinities, check on some great cultural memorials to boot w travel regarding the the latest automotive trends and global tales of mobility on today's episodes of rags, the sustainable. com production. is this nothing more than pine? in the sculley is it worth investing more to survive and behind it can.