tv Business Deutsche Welle April 24, 2019 7:15pm-7:31pm CEST
shifting powers the topic in focus at the global media forum twenty nineteen and the laboratory for the digital age group who are responding to we trust debate and shape the future at the georgia village global media forum twenty nine t. the place made for mind. a country on the brink with a sudanese president imposed population living below the breadline is there a better future on the cards for africa's mines the biggest economy sitting on rich reserves of oil and gold. mobile phones all the communication backbone in most parts of africa i've been. in a funk by the welcome all companies for many thriving small businesses. this is business africa. the future of sudan hangs very much in the balance in
a tug of war between civilian protesters and the military meanwhile the economy is suffering saudi arabia and the united to send three billion dollars worth of aid to saddam which according to the united nations one of the poorest countries in the world despite an abundance of natural resources. it said a million people are toiling their way through sudan's deserts and mountains gold diggers dreaming of striking the mother lode and a subsequent life of these gold mining has been around here since the time of the pharaohs but most of what's found nowadays winds up in the pockets of the khartoum government and its regional potentates there's not enough funding or know how here for industrial scale mining. and who wants to invest in a country anyway it's caught up in a revolution. after three months of mass protests the military stepped in and took power. but the demonstrations continue the sudanese people are demanding that power
be hundred over to a civilian transitional government. the protests began last december the protests were provoked by wizened prices the price of bread jumped for one pound to be pounds the same with fuel very high prices now the pollution got there of the museum but it is we don't have a solution for the economic crisis that is facing or was fifty percent of the population who are below poverty line so the challenges are big sudan is one of the world's poorest countries the u.n. says almost six million people there are threatened by hunger but the state of the economy is still a huge mystery because i noticed have little access to reliable data. that's been our correspondent in barrow from nairobi joy with president omar bashir deposed does there's now mean it cannot make better economic times for the sudan
economy well hadley's so because since twenty seventeen when the u.s. looked at some actions on sudan the hope was that the economic crisis would ease but this is not the case as we have seen the economies struggle over the past decade really the inflation is shooting up to about seventy percent in twenty eighteen alone and what we're seeing quarrels is that this crisis could actually last longer and over the next two years not much is going to be done either. whether transitional government what can they do to push the economy can they do anything. well there's not much time that they have considering they only have two years until the next generation action and saudi arabia and the united arab emirates have placed three billion dollars of which five hundred thousand dollars five hundred million dollars rather is meant to go to sudan central bank
and the two point five billion dollars is meant to be given or sent in form of food from a set of coals as well as petroleum products but the transition government deal will have to struggle to fix the crisis that has been looming for the past ten years or even twenty years as as would be one of the poorest countries in the world of the joy have these these protests affected business with sudan's neighboring countries and maybe it is any help coming from those neighborhoods. yet if you look at sudan's neighboring countries you talk about chad central african republic as well as if you pierre if you don't gain this case could have been affected the last because it's one of sudan's close as a partner is. sudan imports rather you'd be imports gas from sudan and it's full of energy to sudan and this energy is worth millions of dollars
a week that is fraction of the cool and the protests there's a lot that has been affected from kenya as well. kenya airways that is the national carrier in kenya through i is just sudan about five times a week and so these disruptions have caused quite an interference of business interruption for kenya airways uganda as well exports coffee to sudan and all these protests and hash economic times have affected these exports to the country as well audrey and there our correspondent in nairobi thank you very much. closer investment ties between nigeria's petroleum ministry and saudi arabia. on the cards following the nigerian oil minister's visit to the kingdom nigeria says the visit ended with a pledge for talks spending the entire oil and gas value chain is five be africa's biggest crude producer of nigeria imports most of its fuel you to insufficient
refining infrastructure around khaleesi spending refining operations and for the production in a bid to become the world's largest integrated and engine. much of africa has simply skip the age of land lines and moved straight on to cell phones today almost half of africans have a mobile phone that's nearly five hundred fifty million people mobile phones not all are only used to make calls but also to transfer money pay bills and manage personal finances huge market has developed in africa. telecommunications. anyone looking to buy a cell phone in mali's capital bamako will likely head straight to the mark she did telephone. no one knows exactly how many dealers and workshops there are here but it's somewhere around two sizes and crowded together along the road the magic come ourselves new smartphones in his stall he says the place isn't just full as it used
to be like demo but what we're going to get a good look of the crisis in the country is making our business worse people have less money and if they do have money they buy other things not phones but if it wouldn't it be that would be cool but don't. molly is one of the poorest countries in the world but mobile network coverage reaches almost one hundred percent of the population and one who can afford one hasa cell phone upset my motto is there's a stand for second time phones business is better there modibo haidara has already checked a few dealers but hasn't found the right one yes. of the. i'm looking for a second time phone for us i don't have much money and secondly this street is the best place to get second time evolves so what did. he buy him haidara no relation as a small range of things mostly used i phones they're more expensive but they look
impressive and they're a lot cheaper than the new ones across the way. for the i phones come from the us or france people often trade their old ones in so i buy them after they've been repaired. the repairs are done in one of the yards along the road it's where adama's to dba has his workshop cracked screens and broken circuit boards even the most hopeless cases are brought back to life here have repair cost the equivalent of a she sends to twenty euros depending on the job. towards the sun so my repair all brands samsung i phone android but it's only possible if i can get the replacement parts here in mali from oprah's school for two. locked phones are also taken care of in the repair shops. silly man they said d.b. has programs that can get any phone up and running again.
this was a very fortune i phone seven to me because it had a security code therefore it didn't work decode it now and install a new system then it will work again of. the system it's about. the mashie to telephone provides thousands of jobs in bamako and just by the country's crisis these jobs are relatively secure as africa's mobile phone system is the fastest growing in the world. and some of the other business stories making . lines around the world u.s. aircraft make a boeing so quarterly profits full steeply as it grapples with a seven three seven months crisis the plane was grounded around the world after one ethiopian and one indonesian seventy seven months have crashed killing all on board boeing says the crisis has cost the one billion dollars so far it has now abandoned
its financial four cost twenty nine thousand. japanese carmaker in the sun has issued its second profit warning saying twenty eight hundred profits will come in at two point eight billion dollars that's more than twenty percent down on its previous estimate. says it faces we can sales in the u.s. as well as corporate issues taken to mean the rest of the c.e.o. follows. japan's softbank is investing nine hundred million euros in german financial technology company y. a card for stake a five percent wildcard specializes in electronic payment services and was a rising star of germany's fin tech sector but was shaken for a while by a series of allegations about its asia operations. at the beginning of may no country will be able to import iranian oil without sanctions that's what the u.s. government said on monday the oil market was quick to respond and in the long term
some countries like turkey are bound to struggle once iran's alltop is turned off there's no doubt iran itself will be hit the hardest. inflation is up by over fifty percent that means everything is getting more expensive for ordinary iranians but hardly anyone wants to comment on the situation publicly. yet in the media you do some have a fixed limited wage like us when prices rose we had to change a lot of things our rent went up we were forced to spend money on rent instead of food. i figured it was about what india had before us and. in other words money has been losing its worth since u.s. sanctions on iran were reinstated in november of last year. i've left my life before the sanctions was hard for maybe half of the people but after the sanctions approximately eighty percent of the population is having
a hard time. when things are about to get harder prices are expected to rise even further once america sanctions plug the last hole in iran's oil well. from me on the business africa. follow business news and back on story. com slash business i'll stay. up next. right after this brief look. very much for much of.
and innovative projects around the world ideas that protect the climate boost green energy solutions and reforestation. interactive content to inspire. well to take action i'm looking to the environment series of google three thousand on t.w. and on the line. this is news africa coming up in the next fifteen minutes here's the outbreak in congo is surging out of control the world health organization has taught me suspended its vaccination campaign as filed into attacks on treatment centers force n.g.o.s to wind down their services what does this mean for the nation of the deadly virus. and sudan's defiant demonstrations people from across the country are pouring into the capital hard to keep the pressure on the military council.