a bridge loan from 3 european countries which will allow it to settle its debts with the african development bank it's sudan's latest step in settling $50000000000.00 of debt the bank praise sudan's recent sweeping economic reforms. general motors has reported higher 1st quarter profits despite a shortage of computer ships that has slowed global auto manufacturing the u.s. government says it hopes taiwanese chip manufacturers will allocate some of their supply to american companies. the rocky road to ratification just got rockier the e.u. has shelved its efforts to win approval for its massive investment deal with china after tit for tat sanctions were imposed over beijing's treatment of its weaker population european commission vice president valdis dombrovskis said choose day that future efforts to ratify the deal depended on how broader you china relations evolves the investment pact was pushed through by german chancellor angela merkel in december but had been expected to face opposition in the european parliament. now amid this atmosphere of growing mistrust the european commission is also m

secured a bridge loan from 3 european countries which will allow it to settle its debt for the african development bank it's sudan's latest step in settling $50000000000.00 of debt pray sudan's recent sweeping economic reforms. general motors has reported higher 1st quarter profits despite a shortage of computer ships that has slowed global auto manufacturing the u.s. government says it hopes taiwanese chip manufacturers will allocate some of their supply to american companies. the rocky road to ratification just got rockier the e.u. has shelved its efforts to win approval for its massive investment deal with china after tit for tat sanctions were imposed over beijing's treatment of its weaker population european commission vice president valdis dombrovskis said choose day that future efforts to ratify the deal depended on how broader you china relations evolves the investment pact was pushed through by german chancellor angela merkel in december but had been expected to face opposition in the european parliament. now amid this atmosphere of growing mistrust the european commission is also moving to ti

, the development banks, financial development, you know, banks. we are borrowing from, you know, african bank, nigerian bank. david: so when it's all said and done, though-- aliko: but we're borrowing, i think--roughly about 55% and we're funding the re of it. david: what is it gonna cost to build a refinery? aliko: for now, it's gonna cost us about $12 billion. david $12 billion? aliko: yes. david: so you're putting in a fair bit of it yourself. aliko: we are putting, you know, almost, you know, half of that. david: so do you ever get worrd at night that that's a lot of money to have in one asset? aliko: ah, i don't get worried because we've done our numbers and we believe that it's going to work. it's to create ability to transform the nigerian economy. and, you know, we'll have the petrochemical, which we are doing, and, you know, that will have us to have about 1.3 million tons of polypropylene and polyethylene. so it is going to really change the entire economy of, you know, nigeria. so can the imports of petroleum products and also exporting the excess capacity, because the capacit

and if you look at the latest data from the african development bank, what's happening is that the import bill is actually increasing and not going down and used to be that 1000000000. if she has a goal, i've had, you know, numbers that are approaching close at 200. so, so what we need to do is to completely re enable africa food production capacity to meet the needs of, of africans. and i think it requires more than just basic, you know, household food security. it requires interventions on the research side. oh, and the input provisions side on the mechanization and also and how much of and okay so so mind. yeah. it's talk about how technology specifically mobile phones can play a role in all of this? well, i think, i mean, that's something i'm personally very excited about because in the work that i do, we've seen real value in how, you know, mobile technology, digital technologies can actually be very transformative. i'm a defend view that digital is the great equalizer. if we look at what we've been able to achieve with digital technology and financial services with, you know, tools

and if you look at the latest data from the african development bank, what's happening is that the input bill is actually increasing and not going done and used to be that 1000000000. if she has a goal, i've had, you know, numbers that are approaching close at 200. so, so what we need to do is to completely re enable africa food production capacity to meet the needs of africans. and i think it requires more than just basic. you know, household food security, it requires interventions on the research side and the input provision side on the mechanization and also and how much of it. okay, so, so manager, let's talk about how technology, specifically mobile phones can play a role in all of this. well, i think, i mean, that's something i'm personally very excited about because in the work that i do, we have seen real value in how you know, mobile technology, digital technologies can actually be very transformative. i'm a defend view that digital is the great equalizer. if we look at what we've been able to achieve with digital technology and financial services with, you know, tools like and

african middle class. who is it and what businesses are dependent on it. thanks, steve. the africa development bank considers or defines africa, middle class as those ironing high income relative to average. and those are individuals with an annual income exceeding about $4000.00 us dollars in purchasing power. and the strongest countries that have robust and growing private sector as those that tend to have the higher number of middle class individuals and to nice in north africa has the highest concentration of middle class in north africa. and they are also very susceptible to economic shocks. and so the reason why businesses depend on them so much is because they have a higher purchasing power at across the african continent. we also have a high concentration of, of, of middle class citizens in gun, in kenya in botswana, born in south africa as well as my area. but then again, the, our major me entrepreneurs who are boosted by the growth or robustness of the private sector in the different african countries joy this pandemic has thrown the middle class into turmoil across the world. is there a

let's talk about africans, middle class, who is it and what businesses are dependent on it. thanks steve. the africa development bank and consider as or defines africa, middle class as those ironing high income relative to average. and those are individuals with an annual income exceeding about $4000.00 us dollars in purchasing power. and the strongest countries that have robust and growing private sector as those that tend to have the higher number of middle class individuals and to nice in north africa has the highest concentration of middle class in north africa. and they are also very susceptible to economic shocks. and so the reason why businesses depend on them so much is because they have a higher purchasing power at across the african continent. we also have a high concentration of, of, of a middle class citizens in ghana, in kenya, in boats. when a good born in south africa as well as nigeria, but then again the, our major me entrepreneurs who are boosted by the growth or a boston. this of the private sector in the different african countries joy this pandemic has thrown the middle class into turmoil across

african bank. >> back to ivory coast june 17. thank you very much for giving us that sense of what this means for ivory coast. she will keep us up-to-date with all the developments that story. time for business. anyone for tennis? french open has got underway in paris. you have been looking at the impact of the coronavirus pandemic on the tournament's finances. >> we have seen in the last year, the world of business and sports colliding. a limited number of fans are allowed to attend. the restrictions still mean a second year of reduced ticket sales at roland garros. >> eager tennis fans lined up to enter the roland garros complex at the french -- as the french grand slam got underway. due to the coronavirus pandemic, strict audience caps have been set ranging from 15 to 35% capacity. that translates into over 5000 spectators a day through june 8 and for the end of the tournament when restrictions are eased further, just over 13,000 visitors a day. the french tennis federation estimates it will sell around hundred 18,000 tickets this year. that is down from a record high of almost 500,000 tickets in 2019 but still much better than at the height of the pandemic i