tv Business Deutsche Welle August 20, 2019 7:15pm-7:30pm CEST
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discovered the. subscribe to the documentary. is africa gearing up to show beijing the cold shoulder china is the biggest investor on the continent and its biggest credit hold up some african countries including ethiopia want to get out of the gate trap. also coming up with germany's chemical and life signs company bias it's animal health units to count to epping revenues and profits. put chill game face on because it's games combine the world's largest gaming event is back with
a new focus on smaller developers. but come to you this is africa cajones to have you with us. now china is africa's biggest investor in infrastructure projects invest this good there is a caps with loans was $143000000000.00 between 200-2017 china has also become the largest creditor on the continent international critics have long said beijing is landing african nations in debt tops and encouraging dependency and there are skeptical voices being raised elsewhere to in ethiopia for example leave on motors symbols cars for ethiopia's rapidly growing middle class i think of 444 cars in the blue michael because that they will do the future so that's why we're all them other companies that decide to come in here through the through the beneath. the cars are chinese and the streets they drive on have also been built by
chinese companies today china has let ethiopia 12000000000 euros to upgrade its infrastructure the country is one of the largest recipients of chinese loans in all of africa structured development helping you see up at the grow more than 8 percent a year ethiopia has long been considered china's poster child in africa since the early 1990 s. has oriented itself toward beijing successful development model this is included economic upswing by government order but that growth came despite widespread protests in the spring of 2018 a new government was elected the new president liberalize the country and relations with china have also changed. and i don't care about human rights abuse in the country that china don't care about how the government do that running their own country it's all about business just like in this new apartment complex in addis ababa built by chinese companies with loans from chinese state owned banks it's
being built with materials imported from china. it's a similar story with leif on motors all the components come from china but the workers are ethiopian they earn 32 year as a month that's in line with average wages in the country the chinese give little away and that means they will most likely insist on repayment of the loans for ethiopia's infrastructure projects of for more i'm joined now by health man directorate our fair investment and development policy and the german african business association good to have you with us i think one of the most. biggest questions right now is why and how did african nations actually get that dependent on chinese investment. i really think of going back to history it was the chinese saying that we will the group of developing countries will in the same old
method and google in the same custom let's work together but time now force were developed a lot faster than the african continent did for example and so now we're getting a little unbalanced a little bit of a balance there and you can certainly sends a sort of a shift of attitude we've just seen this report of ethiopia there was also in recent months tanzania recently suspending a china back to port project can you hold that construction again of a china backed coal fired power plant do you think this is a shift of attitude the just isolated incidents i think it's 2 things happening at the same time it's on the one hand it's them the african governments starting to move for development in a sustainable way and they need to look for work places for their for their people for their growing population and if they don't make it so about to have more of the value added in the country they're going to be in a bit of a problem very soon and the other one is i think that the chinese are really
looking at their 1st of lending feeling and the cost of respect they start to have some countries and some sectors i also know for a couple of projects also in kenya for example based on that gorge railway that was stopped because his credit was not disbursed by the chinese so it's a very interesting parallel movements so it's certainly high high time for african nations looking for investment to look elsewhere not just china and we where exactly is germany right now well that's a good question i think africa has been looking at germany for quite a long time as that we would like the investments to come from germany but the germans are still quite reluctant we have the technology but it's high end technology and it's still difficult to place it and some parts of the continent and it's difficult to find the financing. we need more german and. bester is to go there to take the opportunities that's according to the uk i think it's a chris it's a risk. question of risk mitigation it's political waste and we don't have the
backing from the state like time has but it's getting more what we have developed of what the government has developed since the g 20 i think it's a good step forward with getting more money on the table for more projects so we're hoping for that now in this report we just said that china is likely to ask for its money back sooner or later what happens to african countries when that happens we're talking about a lot of money there aren't we if we're talking about a lot of money i'm afraid i think parts has been backed up given collateral it's with material resources and all that but at the end of the day i mean if you have a contract even if it's a contract with china and you have a grace period of 20 years so basically money given for free then you can't really come up and say i wanted to be paid back right now but we see what happens but countries will be broke right if you tell them of the director of investment and development policy at the german african business association there thank you so much for being here and sharing your insights with us. moving on to
our next story and that brings us to germinate chemicals and life science giant bio the take over all of us agriculture and john monsanto did not only cost by a billions of dollars it also alleged 2 lawsuits over the company's weed killer round up which is alleged to cause cancer so far germany's by a has lost every single round of related lawsuit and stiff fines of driven a chemical company to the verge of bankruptcy or at least a lot of shareholders have dropped out now by is selling some assets to stay liquid . man's best friend is trending with incomes rising worldwide the demand for animal health products is also increasing now german pharmaceutical giant buyer in selling its animal health unit to u.s. based drug firm lanko for 7600000000 dollars the move will create the 2nd largest
company of its kind for buyer animal health is only a small part of the group's business and 20 again it brought in revenue of around one and a half 1000000000 euros it's larger units include consumer health with $5400000000.00 euros crop science with just over $14000000000.00 and pharmaceuticals with almost $17000000000.00 euros selling the animal health division will allow a buyer to bring in some urgently needed cash the company has had a few rough months with multi-billion dollar lawsuits over the weekend a roundup and its active ingredient delightful said with phones dwindling and share prices dropping fire has recently moved to sell units not directly related to its core business of life sciences most recently it on loaded suntan lotion brand coppertone as well as its dr scholl's care unit buyers planning to focus more on its traditional divisions including pharmaceuticals and consumer health.
and i just some of the other business stories making headlines. african swine fever has decimated the pork trade in china but held some breeders to a healthy profit according to the chinese ministry of agriculture at least one 3rd of the market has been wiped out prices of homes have now weeks to $200.00 an all time high and they are set to rise further as demand goes up after the summer months should help. thousands of people in ghana are worried they could lose their lives savings the country's central bank has cracked down on 23 savings and loans companies and boat to their licenses due to a lack of cash reserves around $70000.00 people are affected as much as $1600000000.00 us dollars i don't. know this is games called the world's largest computer games trade fair has opened its doors to visitors in cologne the opening was streamed live on the internet many of us around the world could tune into the spectacle over 370000 visitors at last year's games this yeah
even with what i expected to check out several new titles from the some of the world's most prominent develops but this year's gabe's com is also going bigger on smaller studios indie game village is a new addition to the program a showcase for small developers and one of them is called the good evil and is run out of a small flat in cologne it's a tiny operation and the studios games are no match for major developers but that doesn't bother them or is it's not to make millions and millions of money but for us it's to a profit be a profitable business case that were to gives us the freedom to do. a bit maybe we nicira games for like a very specific audience that you wouldn't do in a aaa environment. they cherish the freedom to build games for kids under 12 years
old all their big projects come with a legal mark up the indie designers used to construct entire worlds from scratch. the studio in cologne creates its own graphics animation does its own programming until finally they've got a game ready to play on popular console's like the nintendo switch or p.c.'s to top it all off they also print their own merchandising and design marketing material for squirrel and bear europe their upcoming educational jump and run game about european cultures yes so there's like i'm still like a lot of preliminary material have been years for building like the area so all these orange and yellow planes they of course need to be houses to was just like hundreds of other indie developers at games come they're looking for exposure and feedback from a variety of players they can't get anywhere else before their game launches next year. now then this is no joke south african born comedian
trevor noah is the 4th highest paid stand up comedian in the world that's according to the forbes rich list $29000.00 the new york best and no raked in at 28 and 1000000 dollars last year from his various jobs among them his day job as t.v. host of the daily show but the bulk of his income came from his world tour as a stand up comedian on regulations and that is your business update here on d w from ne and the teen in berlin as always thanks for keeping us company.
trying in order to understand this new culture. another visitor another guest you want to become a citizen. in for migrants your platform for reliable information. this is the devaney is africa coming up in the next 15 minutes droughts storms and prop failure a study finds more people in africa and feeling the effects of climate change. their house everything there's nothing left. we're here to suffer. we're suffering i don't know where we're going to be able to stay very.
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