Transcripts For DW Business 20240714

It comes to the fans of the human scene the right to foals who hunt inside to put their trust in us. My name is jenny paris and i were in a d. W. I. Kenya is hiding are a mountain of debt the east african country seeking a 750000000. 00 loan from the world bank to invest in Infrastructure Projects while at the same time trying to reduce public debt. Also coming up they crawl and fly and many of us find them on advertising but insects could soon be key in feeding a growing World Population. Welcome to your business africa want to jones in berlin good to have you with us kenya has one of the Fastest Growing economies in east africa but to sustain growth it needs to invest in infrastructure and that costs money it doesnt have and thats why kenya is now seeking a 750000000. 00 loan from the world bank adding to the mountain of debt it already owes to china only yesterday kenyas government unveiled its budget for the next Financial Year which includes proposals to reduce government debt. Kenya is in desperate need of more roads railways and harbors without infrastructure the country cant develop or provide jobs for millions of young kenyans but the money needed to expand the infrastructure is unfair one reason why kenya is going further and further into debt. Over the past 10 years the countrys public debt has risen to more than 57 percent of economic output now the governments committed to bringing that figure down. The debt burden is rooted in Construction Projects like the new railway line between the port city of mumbai and the capital nairobi it went into operation last year the cost of the chinese project almost 4000000000. 00 u. S. Dollars all financed by chinese loans but loans also mean power and influence for the sponsors chinese influence can be felt everywhere in kenya now the east african countries asking the world bank for money around 750000000 dollars and low interest loans are aimed at helping agriculture and other urgent Development Projects move forward and thus create more jobs for the locals it would also funnel more taxes into state coffers but for now kenyas huge levels of corruption mean a lot of the money still flows directly into illegal channels. Meanwhile tanzanias finance ministry has proposed a new tax thats caused quite a stir it wants to put a 25 percent tax on imported wicks and extensions and a 10 percent tax on those made locally the move has cost public outrage especially among women saying theyre being punished for wanting to look good supporters of the new levy say it will help women keep they had natural the levy is expected to come into force next month as part of toms n. E. s new budget. South African Banks affording behind on digitization because of a shortage of qualified workers the countrys 4 biggest lenders told the Reuters News Agency they were having trouble meeting demand for online and mobile banking because they were not attracting enough candidates with tech skills the need for id seti workers is rising around the world the Mckinsey Consulting Group Estimates demand for tech skills to rise by 55 percent over the next decades. And autism other business stories making the news. The home office foreman the son of an old boss carlos go on the has been raided by french anti for police local media say the search was part of investigation into golds lavish marriage celebration at the palace of versailles go on already faces charges of financial misconduct and is awaiting trial in japan. E. U. Finance ministers have created to the outlines of a euro zone budget even if an exact sum is yet to get it decided speaking with german finance minister a french finance minister. Called the proposal a game changer that would improve the way the euro zone works but critics say germany has watered down french proposals which envision a more closely united euro zone than they are also called in italy to clarify how it intends to avoid looming e. U. Disciplinary action over its rising. Raised. While prices have risen further on friday continuing thursdays trend to brant crude so a temporary nor 2. 9 percent increase but its flattened a bit since the days peak oil prices had surged by as much as 4 percent following an alleged attack attack on 2 oil tankers in the strategically important strait of hormuz. Well german drugs and Chemicals Company by a has launched a p. R. Offensive to counter the growing criticism over its weed killer round up the controversial key ingredient the life you say to it is said to cause cancer round up was a top seller of us advocate Nickel Company monsanto and now belongs to buyer after a 63000000000. 00 merger last year. Buyer is making headlines once again following talks with politicians shareholders and environmental activists the company has conceded that it must make changes they promise to invest 5000000000 euros in research over the next 10 years to develop a more sustainable alternative. In the p. R. Campaign however is repeating it mantra for site is safe when used correctly and it wishes to continue selling the product but the very existence of this p. R. Campaign shows buyer is feeling the pressure court cases in the us have done particular damage to the companys image and their bank balance was sued for 2000000000. 00 in my by a married couple who both got cancer and a further 13400. 00 people have filed lawsuits their dented reputation is reflected in the share price which is almost halved in just one year shareholders are not happy. And they didnt hold back against see. At the annual Shareholders Meeting and i pro they fear the acquisition of month center and with it the weed killer roundup could spell the end for environmental activists just as unhappy they pointed out the potential risks of quite a sight long ago. Like not coal is dividing the greeks thousands of families live from the coal mines they cant even imagine a life without it others say the mines destroyed their livelihoods but change is unstoppable and not coal is on the way out. Up a story scully an e. T. S. Works as a blaster in a mind that belongs to the state owned Electric Company his father works there too as an excavator driver upper stories earns 1200. 00 euros a month to feed his wife and 2 children not much but hes grateful for the work 70 percent of the young people in the lignite region are unemployed 4 villages were evacuated to make room for the balkans largest mine including his familys. You know polish might be going to work here is very important to us we feed our families with many people work here and almost all of them have a family it is but if we did Something Big creamy is nikos 48 c. D. s village the father of 3 farms the land here and raises livestock his ancestral fields now belong to the company in 20113 me was supposed to be relocated but the Energy Company didnt want to pay the villagers feel betrayed. But if they took the field from us let them take the village too and well go 90 percent of the people here live from the fields of course there are some people in the village who work for the company but what about the other 90 percent. Of the voting that i cook is like. Throughout this place and there are thousands of families whove worked in the coal mines for generations. In 2009 lignite coal supplied 50 percent of greeces electricity but the numbers dwindled to less than 30. Well need the coal. It fills me with all my gear when i think about what life would be like without lignite. But coal mining hasnt turned a profit here for a long time and on top of that. Penalties for excess of a missions have more than triple in the last 2 years that makes coal energy unprofitable. Plus. The company is opening up a new power plant made with money and technology from germany it might be better for the environment but germany is just getting rid of its run down technology the mood is grim the village is crumbling and no one is investing their. Equipment up our human will we were at a dead end the water is dirty we have outdated pipes with us best of us but nothing is happening nobody does anything nobody cares and we have to drink this water. Up a stone he said his family have clean tap water to drink they were relocated to a new village 25 kilometers from the mine for them coal mining is a blessing for the others its a curse. Thats of the Shanghai Cooperation Organization countries often meeting in bishkek care to stand for the groups 1000. In a joint declaration they pledged to provide security and stability in the region chinese president xi Jinping Indian Prime Minister Narendra Modi and russian leader Vladimir Putin also discussed their concerns about u. S. Presence on a trans protectionist trade regime china hopes to get india and russia on board to build a new multilateral trade framework. As the World Population keeps growing food to supply. Going to be an even bigger issue next to grain vegetables fish and meat we should also consider insects a great opportunity for africa which has most of the worlds edible bugs and scientists are now taking a closer look at them. Grasshoppers and crickets fried and seize the atheling meal for anyone but one that could take some getting used to we. Need a dozen as fact the. Bees to be sweetness and salted mixed in with his base details of researchers at nairobis International Center for insect physiology have long studied the nutritional value of the bugs insects arent only a source of protein and healthy fast theyre also this woman rich and raising them for food comes with no environmental impact. The question less amount of lungs in a car less amount of water. Convention which compared to conventional life the production of inset also means that its less a modeling house guss means less ecological footprint and insects have utility beyond food they can also be used as firstly lights are kenyan firmly organic raises black soldier fly larvae all they need are 5th scraps theyre fully developed within a week and can be released into the fields we process insects. Into very simple and very powerful fertilizer that contains all the minerals that sols quiet for us plant so we want to eliminate the need of using multiple for the latest and also want to consider it costs in foods. Of rising global population means resorts fullness is in order many scientists believe that rethinking insect use will be unavoidable in the future with. And this wraps up this edition of business africa here on t. W. From me and that is a member len thanks for giving us company. Im still the they were more than tired and in the end this i mean youre not allowed to stay here anymore we will send you back. Are you familiar with this. With the smugglers with lions and. Whats your story. Ready on world numbers and women especially are victims of violence. Take part and send us your story your training or with understand this new culture. Another villa to another year you want to become a citizen. In for migrants your platform for reliable information. Please. This is the. News africa coming up in the next 15 minutes africa monies its population growth the continents 2nd most populous country has found one solution is that one to follow. Increasingly being watched and wanting to head everywhere in this electronic world many people with