tv Business Deutsche Welle April 18, 2019 8:15pm-8:31pm CEST
version of special counsel robert moses reports into russian interference in twenty sixteen presidential elections it concluded there was insufficient evidence for the trump campaign had colluded with moscow and did not play him illegally obstructing the investigation. says de w. news still to come zimbabwe is celebrating independence day with high unemployment and spiraling inflation a thumping the mood. and facilities will have that story in business africa in just a moment. don't miss our highlights. programme. w dot com highlights. closely. carefully.
this isn't the making of a horror movie finding cockroaches destined for the dinner plate and the use in medicines. i've been fizzling let's do business zimbabwe is celebrating independence day but no one celebrating the economy thirty nine years of independence from colonial rule and public anger is only growing over president. was failure to revive the economy for a long ruled left it in ruins and the situation is still a catastrophe ninety percent unemployment and perennial food shortages following the seizure of land from white commercial farmers two decades ago zimbabwe was still able to achieve economic growth of close to three and a half percent last year but the outlook for this year is very different the international monetary fund for costs mine is five point two percent is a lack of funds for investments how the anyone is prepared to lend to zimbabwe
rapid inflation would eat that away anyway just a year ago inflation was in check but it's shot up to almost fifty seven percent and the situation is getting worse by the day the un reckons over five million people are in danger of starvation well zimbabwe is trying to get back its white farmers many of whom moved abroad long ago some are now suing south africa for helping the gobby to suppress their case for compensation let's talk about that and the economy with privilege here in the capital harare for us first of all zimbabwe's already offered white farmers some money for the investments they made on this seized properties but they want compensation for their land what's what's the chances what are the chances of them getting that from south africa.
their case that the putting in the south african courts it is difficult for them it's an up with task because you look at south africa itself right now it is going through the same process that zimbabwe went through true wanting to expropriate land without compensation so you find that yes they may approach this african courts but. for them to get a favorable judgment it is difficult to see that and the other issues that are going to south africa yes it has been there so that figure by then it supported the dissolution of the south africa the south in african tribunals courts which had a why did the white farmers. have betrayed you know for them to get compensation but then. how that judgment then would be implemented for them to get compensation for their land and even the improvement that they had done on the land
in zimbabwe it is quite in. africa one may see how it is and how is it going to or not that even pay for land which is not in their jurisdiction diction privilege tell me more about the economy first of all inflation how did it get so hot. the inflation in zimbabwe. if you look back it's these are historical issues dating back from the time when the former president robert mugabe was to be in power the call on me has been in ruins and now coming to. what they're now calling the second republic you may recall that earlier this year there was a sharp increase in fuel and that has caused a lot of increases in the prices and even in inflation yes
inflation is caused by an increase in money supply situation if you want to look at it it is because there are shortages that have been created by the sharp increase or fuel and this is had in effect across their war economy because businesses are now increasing prices especially if you look at this week people are crying foul because prices of commodities sharply. and even though the explanation is difficult to get even from economist and even government to say how is the justification of that sharp increase in duties even the president today when he was addressing the. gathering for didn't celebrations for independence the third tonight the celebration in the celebrations you mentioned that you know and they don't want to go the route of going to price controls they want market forces to
determine but it's difficult to control inflation because of the price of fuel. fun here in forests in harare thank you very much. now to some of the other business stories making news interests initial public offering has price the photo sharing platform above expectations of twelve point seven billion dollars it launched in new york with an initial share price above the original proposal interest claims hundreds of millions of users a decorate their pin boards with pictures of food fashion travel. amazon is pulling out of the chinese market the online retail giant is closing its interest internet store rather in china in july it's a significant setback for the company amazon has struggled to win over customers from local rivals and jaydee dot com. and the jury is minimum wages
rising from the equivalent of fifty nine dollars a month to ninety eight dollars it's the first hike in seven years the cost of living has become a key issue in africa's most populous state where a lot of people live on less than two dollars a day. incubating over a thousand eggs all at once that something new when back in a fast so we hardly anyone can afford modern equipment but that's why these next pharma builds his own hatcheries. it's just a simple box but it's a great innovation for bikini. country sell it go go study doctor culture in turkey and brought the incubator technology home from there and he adopted the system to the needs of a country on the side hell's own. we said that the demand for incubators enormous here and work enough ah so it's something completely new it's going to of course incubators have been around for a long time the imported equipment is simply too expensive for the average chicken
farmer with our handmade incubators we really have opened up a huge gap in the market. in much the. one of his clients is matthew cohen in addition to his job the official a set up a chick farm in the heart of the capital ouagadougou by chance he saw an ad on social media but that's what gave him the idea of the chicks in the first place. operation for my show. three days of training an incubator handling so then i immediately discussed with the managing director just i would go go see what an incubator would look like to fit my needs why don't. we refine the initial designs and then we finally came up with the solutions up to a takes all of my problems into account that if it can. conform to. you to frequent power outages you had a semi automatic incubator built. twice
a day he has to turn the eggs by hand. every ten days two hundred chicks hatch in his living room. the equivalent of sixty euros per successful batch. to be such a stud it isn't i'm very satisfied with his results of again we have about eighty percent touching success and that's a very good advantage of the incubators is that we can control everything is a customer again and again this is on a just the incubator is according to the climactic conditions you need to click on . the demand is huge the country consumes forty million chickens on you only eighty percent of the chicks are imported at high prices mostly from the ivory coast are gonna also. from france with local incubators made in ouagadougou the cost decrease. business is booming the company now has four employees and sells an average of five incubators a week for the equivalent of one hundred forty euros. and if you don't like the
chicken maybe this next story will interest you fragrant and crispy guess what a serving up it is next chinese restaurant cockroaches breeders insists the insects are clean and tasty and working with chefs to make them a delicacy a warning report contains a lot of bugs. imagine having a million cockroaches in your home the stuff of nightmares but that is the case for leaping can i and he couldn't be happier as a breeder he sees them as his children he also thinks they're delicious. and. a lot of people think it's disgusting and call them pests were the ones that we bring it here american cockroaches are in a hygienic environment the proper feed nothing synthetic we feed them corn flour fruits and vegetables so sam additional value is also very high also i would.
cockroaches have been a documented part of chinese medicine since the sixteenth century for their perceived detoxifying qualities and that's why last year lee was able to sell a ton of his dried insects to a pharmaceutical firm for ninety thousand yuan or thirteen and a half thousand dollars billy's passion project is to turn roaches into a delicacy that's why he's been working with the chef of a local restaurant to sichuan province. now there was all younger though these are farm cockroaches not from the wild so there isn't any bacteria after cooking at a high heat it's fragrant and crispy. preserves up around thirty dishes a month to cockroach hungry diners you heard in by they claimed health benefits combined with such one signature spicy sauce after a few tentative first bites what they think. it's
tasty and crisp and it's really nutritious. it's my first time eating cockroaches to kill the ones i sort of home but i think that delicious. not bad for something that might otherwise have ended up on the bottom of your shoe. didn't kill them or they say you can't take it with you in god extract i can cough and symbolize the profession's of the deal the departed will say something about their personality for a shoemaker a giant a shoe casket a farmer might get to kick off or one many people are gonna believe the deceased will continue their jobs in the afterlife no rest for the dead. nice doing business with.
a decent struck new elections why they matter to asia. what secrets lie behind these memos. find out most of experience and explore a fascinating cultural heritage sonic's. d.w. world heritage three sixty get. this is state of the news africa coming up in the next fifteen minutes to sudan one week off to omar al bashir as al steps price has just lost it on the streets and they have vowed to keep demonstrating until a transfer of power from the military is complete. some people want to fall of out of sheer will be felt forgotten.
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