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tv   Business  Deutsche Welle  May 9, 2019 7:15pm-7:31pm CEST

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what. a business africa is next with god alpheus us a state chairman. of the for. we're not here to judge but to eliminate prejudices. we're not here to change your opinion but to open some space for different points of view we're not here to speak on behalf of anybody but to let everybody speak for themselves. we're not here to give the right answers but to ask the right questions. we're not here to
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indoctrinate but to listen. plus ninety connect to an unbiased agenda subscribe now on youtube. continent of opportunity for investments while the chinese have got it billions into africa german small medium sized companies are still sitting on the fence missing out on business left right and some. industries leave the big profits to foreign partners. and one of the biggest lies.
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in fifty is a forgery it's got three spelling mistakes in it then it's real. this is business africa. with fifty four countries africa is a continent of opportunity or at least it should be seen as such especially by foreign investors with an appetite for a market so vast and consumers and workers so young like few of china is one of the few countries that have understood that and has put that money where their mouth is investing in roads rail lines and as a result china's access to that market and to import raw materials is getting better by the day meanwhile the rest of the world's companies seem unusually reluctant to do business with in africa with only a few exceptions. this little gadget might look simple but it can transform crop production. grains.
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and you can also see. karl-heinz canopus company built it with africa in mind along with some mobile drying plant they enable harvested crops to remain on the fields without perishing. the machines are deliberately kept technically simple so that they can be easily repaired on site. solutions like this are urgently needed here every year in sub-saharan africa alone forty percent of all crops and rotting after they are harvested. grain needs to be treated or dried to prevent it from developing mold or fungus and if we eat foods that are rotten and moldy we get sick people can get a series of illnesses including diarrhea. is unusual it's still relatively rare for mid-size businesses from germany to turn to africa. a
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recent report says half of midsize german companies have operations in other western european countries eleven percent operate in china and eight percent in russia. but just six percent of these firms are active in africa a continent with fifty four countries that's the same number of companies as are active in india alone. poor roads a lack of electricity and widespread corruption the combination makes africa less than attractive for many german enterprises. but that isn't putting off karl-heinz . he has for factories in europe and now wants to open one in africa he says he'll be taking both the economic and the political situation into account when deciding exactly where it will be. with me in the studio now is a bona fide a expert on why german companies are snubbing africa. is representing germany's
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powerful small and medium sized companies famous middle she's trying to improve business relations with africa very welcome to the studio germans have a tendency to err on the side of caution is very famous for its german as its as its core is it that it keeps german estimates from investing in africa so indeed the way we see so far in trade from germany to africa it's very low according to the global trade me of a countries it's only about two percent it means that one thousand eight hundred firms german firms are sitting in africa and they created about two hundred thousand jobs so i think that one of the most important reason why german news doesn't want to invest or don't invest a lot in africa it is because it doesn't is this really market for them because the
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german is in these is based actually on machinery and generally it's not a consumer goods industry but more about in general and machinery in dismay is not that it was done to an existing there and it is also because of the lack of infrastructure. is that different in other european countries for example have other european countries stronger ties business ties to african nations so actually it's like a paradox because if you see that most of the african countries among the fest's gurren countries in the world but however deferring direct and vestment is still low if i take it to globally it is about three point four percent globally and if i take no other countries in europe i can munch. for instance the u.k. are friends because they are also traditional partners. friends is the big crazing
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for instance in the year two thousand and eighteen but if a c. from to tell us until two thousand and seventeen the experts between france and africa has been supplied by ten it's a lot and they're. also created about four hundred seventeen jobs there direct jobs and what is also very important is that one third of the french exporting countries do they do i mean. yes you do it we've africa. germans always say or you hear a lot invest in africa is dangerous because corruption is a big problem that they do have a point. yes but what i want to emphasize it is something very obvious it's very important to see that as you said africa is a continent and have fifty fifty four countries it means that if you want to do
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business with those countries just have to see in which countries you want to do business they are not the same in the south africa in the ivory coast for instance just have to to choose it and if i can mention some initiatives from the german government like compact of africa they are about eleven countries said we want to make our country better of to more to make it more attractive and first answer can start with those countries and part of it a lot of african countries also decided to make this emerging plans like synagogue or every coast b.p. indeed it means that they out and proving themselves so just look at the card and see what's market is for you you know we are going to thank you very much come to yell at him. molly's most important export product after gold is roll cotton in the last two seasons the country is harvested around seven
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hundred thousand tons of it around four million gallons a quarter of the population depend on cotton for the life. of the country process is just a fraction of the commodity itself and then ends up importing clothing from abroad no compassion is going to increase local production and the profits that come with adding value to a product at home. this early morning on the pickers on this cotton plantation have been working for this year's harvest has been good again partly thanks to fertilizer subsidies introduced by the former government in fact plantations receive several financial benefits including cheap loans but the investment is any partially rewarded just a fraction of the cotton is actually processed in mali. madly amoled two is among those wanting to change that have business in the capital bamako makes comments from han span organic mali and cotton jack it's good to talk to us but i'm committed to processing it here not exposing it in its real form it requires
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technique a certain craftsmanship. it's a social and cultural issue things that sadly are not valued like attempt to but. no better reason. than money there is only one factory processing native cotton on a large scale it's time to buy come attacks but even if process is just one percent of the total harvest it's cheaper to import processed cotton from the brewers. are they saying mali is a big textile market but it's also a market which is flooded with cheap imported textiles. and that seriously disrupts all companies business. the state owned mali in textile development company now wants more local cotton to be processed on home soil. analysts however fear that tiny energy costs and the lack of skilled workers
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could put off potential investors though that's not happened with comment text it's made just stakeholder is that china overseas engineering group sometimes new doesn't necessarily mean better in australia central bank has confirmed that its latest batch of fifty dollar notes has a spelling mistake. one word is misspelled sweet times across the millions of notes have been printed the bank says it will only corrected in the next print. it just goes to show sometimes you have to read the fine print australia's high tech polymer banknotes are extremely hard to counterfeit thanks to their highly detailed printing but evidently that technology doesn't include a spell checker the word responsibility is misspelled three times on the new us notes missing the last. but australians seem willing to overlook the error.
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well i guess with this instinct is that he has cash anymore and quite a lot of people the note was printed forty six million times and that's one hundred thirty eight million missing eyes but yet you'd expect somebody to check and make sure that it's all correct before they suddenly pointed his gun out to that many people and he signed it and you expect it to be. australia's central bank says it will fix the error on the next series of notes later this year meaning that sometimes you just have to take responsibility however you write it. talk about responsibility of british bank barclays warns that it will take u.s. plane make a boeing longer than expected to get back on form in the wake of two crashes of its top. model boeing says it's working to correct issues with the plane and plans to start a reef flying a seven three seven months this fall but in a box
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a survey in the u.s. and in europe just on the hof said they would wait for at least a year before flying in the mobile possibly foresee allan's to move the planes grounded. it's writing off. that's it for me of the business africa. formal business background you can always visit our website www dot com slash business schools and do follow us on facebook twitter or. check. with us because africa with it. is a place to stay. sometimes
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you books are more exciting than real life. preparing to. very. long you know. what if there's no escape. trigger list. german must treat. they want to represent you so what do you want from the joint on the phone from twenty four i'm still unsure valid as we put your questions it seems politicians from around to your
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opinion and across the political spectrum in our special debate will be hearing from young europeans voting for the first time in the new elections in may voicing their biggest conserves taste of a says i mean peace answer to you. and confront twenty four. this is d w news africa coming up in the next fifteen minutes south africa's in seaweeds to find out how strong gets voted on tossed still the fast test of the polls also run off and his promise of a fresh start with corruption inside the box will not be enough. need to do meant i wanted the people in south africa the good jobs because the thing about though we had to queue up with you but. i haven't met dave because other people live i just don't get what is because you don't look too cute clothes are coming out stress indeed.

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