tv Business Deutsche Welle June 18, 2019 8:15pm-8:30pm CEST
graceful mfi chief said data that sanction is due to end in october but he's questioning by french authorities leaves his future uncertain. on my last rock n roll and business news africa is up next and. i am. not. it's been 15 years since the. heat was the 1st man to walk on the. planet. as a small boy she dreamed of the stars. as a pilot she seemed the same no matter how to. decode it up.
as an astronaut he took part in the greatest adventure in history. lauren strong was his destiny starts july 20th on t.w. . facebook is going krypto after rumors have been flying for months the social media company finally presents plans for its new cryptocurrency well it's really give traditional payment systems a run for their money. as economy is growing fast it's just luck or as president paul good to doing a good job with the economy. also why many african countries now want to sell ivory on the world markets to finance the fight against. this is the business of
africa as in berlin welcome conference spoke take cryptocurrency main street. world's largest social network unveiled a digital coin of plans to roll out next year the project is called libra according to media reports proponents say it could revolutionize digital payments under a single streamlined currency over a dozen global firms will invest in it govern the currency like master card vodafone or this group will supposedly wall off control of the currency from facebook itself facebook coin will be takes to a basket of global currencies like the dollar or the euro to shield it from the wild fluctuation that has plagued bitcoin instead of many average investors and potential uses will it catch on facebook bets the scale of the social network alone with 2400000000 monthly users will forge
a new huge marketplace for streamlined purchases and exchanges facebook c.e.o. mark zuckerberg already had this to say about the project which was it was officially announced on tuesday i believe that it should be as easy to send money to someone as it is to send a photo so we're already testing this in india we've got a 1000000 people it's been used a lot in the feedback so far is great and we're already working on rolling this out in a number of other countries later this year. facebook also says liberal will help to bridge the so-called banking gap giving the 1700000000 people around the world who do not have a bank account secure and stable eternity of to cash and it's high time and especially interesting across africa where in many countries mobile usage is widespread but bank accounts remain a luxury while in the western world nearly everyone has a bank account in chad for example only 12.4 percent of the population have
access to one that is a similar picture in cameroon. gerri it's only 6.7 percent at the bottom of the personal banking spectrum in the central african republic only a little over 3 percent of the population and send and receive money via a bag sold facebook facebook's new currency make a difference here's a question i would like to ask you did have 100 she's with the africa association of german business and joins me in the studio now judith facebook's new cryptocurrency promises to help close the so-called banking gap will it. good question if i know for sure i've been on the other side of that of the ocean i would things that it can very much help to gap the banking brits especially if you
look at south africa for example you just had the impressive figures on the people using bank accounts in the south africa for example it's over 10 percent of the internet users that already use. call in or other virtual currencies so that's quite interesting because even more than in thailand and in other asian countries which seem to be top of the pops in the sector or so i think it can help and it can also help to overcome and the difficulties people have because of inflation if you look at them bob the for example high inflation is a really big problem people do use bitcoin for example and it's a leg of liquidity it's the inflation it's in stable banking sectors all those things push people to use virtual currencies so yes. with a functioning crypto currency and payment system that's what that's what facebook seems to offer there what will that mean for african economies cross the board well the functioning system is always the biggest challenge i believe but as far as i
know facebook has quite a good group behind them i think all the big players have been joining this project so i'm quite confident that they will be able to overcome tellen juice i think the main thing will be that the states in africa as different as they are will allow this to happen will allow people to use the virtual currencies and then things will sort of the market the market will roof things if the states interfere and i don't think that virtual currencies which ever it might be able work if we're looking at africa based in new facebook's new currency what can it do that other virtual currencies. bitcoin what difficult a difference does facebook's lieberman i think the liberal have quite quite a market power because facebook is behind it and as i said before quite a few partners big partners people etc behind it and i think it's going to be
trustworthy because the virtual currency is very much market driven it's almost democratic it's the users that decide to use it and then the value starts to to rice and facebook has a very well known and if it will be spread all over the continent then i think we're very well off and can overcome a couple of telling just such as inflation. the credit of currencies etc could have been hundreds of the africa association of german business thank you very much for joining me in this to my attention 20000 elephants are killed for that costs every year according to estimates from the world wildlife fund conservation efforts grow more robust across africa much of it is confiscated and often destroyed so it can feel the trade in ivory any further bought a group of african countries now wants to sell it and use the 300000000 euros in
profit to support their fight against poaching. an anti poaching patrol in the zambian bush the men are well armed against illegal hunters but also against the animals they're trying to protect this bull elephant was separated from his family and is extremely dangerous should you be here. you need to goodness. it wouldn't boot if it comes but busiest. a national park on the border with zimbabwe around 1500 elephants live here alongside antelopes and hippos they're targeted not just by zambian but by foreign poachers elephant tusks are highly coveted for traditional chinese medicine as are hides and even blood big business for poachers sometimes they're better equipped than we are you know they have gadgets like g.p.s. modern compass is maps and other things you find that some of them are even
ex-military guys and yet elephant herds here have grown in recent decades thanks to the protected area maybe a little too much that's leading to conflict with farmers requiring selective killings. but culling is exclusively a result of very good management. and it's actually almost a good situation for them we have too many animals just one tool in the fight to maintain the parks elephant populations farmers also plant chili peppers which keep the animals at a distance only with such cooperative solutions to african elephants stand a chance in the future. in rwanda latest figures show that the economy is continuing to grow round us g.d.p. has been expanding steadily since it began to recover from terrible weather last year g.d.p. grew by 8.4 percent between january and march compared with the same period in 2018
round us national institute of statistics put that growth down to a strong performance in all 3 of the main components of the wand and economy services contribute the most towards one as g.d.p. absence but services in particular so significant growth in the 1st quarter of this year the 2nd biggest component is aquaculture with which grew by 28 percent between january and march and that's despite the. 7 percent drop in t. production of the prices hit a record last year industry also makes up most of what's left it grew 18 percent during the 1st quarter thanks to a big increase in construction activity is one does finance ministry says it expects the economy to continue to grow now from toronto canada i'm joined by david him he's a professor of international development and interestingly a former aides to run us president paul gami david is president karzai doing a good job and with regard to the economy. we're on paper yes.
i said growth. or you know as you mentioned those. numbers sound as a starting trends. but it's already when you begin to look at it closely. what is this growth about you find that. much of the growth in the things that are not traded. traded was. most it industry to be used to your mission industries. industry. is not. manufacturing is. nonexistent. so the industry that basically construction. mining and stuff like that. that really do not added value or exploitable david this is not this is just
talking about the bits that are actually working do you don't think that that rhonda could be a role model for other african economies no absolutely not it's you cannot be in mordor flow 3 reasons 1st. this is a country. whose budget to the tune of 50 percent comes before any number 2. they cornered me we speak about the biggest act. in they going to actually is there one and put your dick front group or presidential. america controls not only this. but they called me as. i did. any immoral that is repressive that does not allow. innovation and you know exchange of ideas
that cannot be and if it was or if you need autos. in east africa well look in the neighborhood so say cadia kenya whose g.d.p. is it did 1000000000. which is 10 times bigger than. they were there i'm afraid we have to leave it here we're running out of time thank you very much for joining us. and that is from d.w. business africa on all fronts.
. claiming in a puzzle. it's not easy to go to another country you know nothing about ok i'll do this because we can't stay on as well or i'm not quite that. costly global news that matters. made for mines. this is steve news africa coming up in the next 15 minutes they watch as they feed those people were happy to death with machetes and their whole burnt to the proud we'll hear from the congolese people now just plain interesting violence in the region this as the u.n. saying that same violence has seen 300000 people.