Or you are not a visitor nothing yet you want to become a citizen. In 4 migrants your platform for reliable information. Or corona virus vaccine within a year german farm the 3rd killed back tells us it hopes to have its drug ready by mid 2021 as it secures an e. U. Order for hundreds of millions of doses. That barely off the ground but are now facing a crisis well look at the devastating impact of the coronavirus pandemic on africas startups. And remember whenever one seem to be death. Britney buying toilet paper loamy one businessman who tried to cash in but whose idea went down the path of. Christies d. W. Business on robots in berlin its great to have you with us its been compared to the space race the competition to develop the worlds 1st corona virus vaccine is famous almost 170 potential products are being monitored by the World Health Organization germanys cure fact has one of the most promising candidates so promising in fact that the e. U. Has just ordered 225000000 doses. German Pharmaceutical Company karabakh dreams of changing the world its workforce of 480. 00 employees have their sights set on the worlds most sought after prize a Coronavirus Vaccine and the newly listed company is making progress. We are planning to have the vaccine are ready somewhere mid next year depending certainly on the date of your run in Clinical Trial which would be prudent after your 1st Clinical Data which we expect in september october but it should be afforded both so you shouldnt overdo it with a price there are certain settings already done we are in a very low base cost of goods and that should be reflected in the price areas well so i would guess somewhere between 10 and 15 years. Back its only one of many covert vaccine hopefuls 170. 00 companies from all over the world including the us china japan buchanan india are also in their race. Is a race against the time there is a pandemic outbreak there was a huge effect on Society Nobody doubts about this one and therefore its a race and. Not that much against the competitors and at the moment and hopefully all of those vaccines would work there is a raise also to have enough capacity you always start in the beginning and you can cover everyone and therefore its good that other players are. In the game as well. Last week russia claimed to breakthrough president Vladimir Putin proudly declared his country was the 1st to approve a vaccine russia all now began testing the vaccine on 40000 people but some scientists doubt the vaccine named sputnik 5 is really ready. Whats beyond doubt is that thanks to high tech methods used by the likes of cure back research is moving faster than ever it used to take 10 to 15 years to get a vaccine to market. Now some companies have moved to Clinical Trials in a matter of months regulators expect to break there as early as next year no other product in the world has a larger potential market share back plans to produce a 1000000000 doses a year and it already has buyers knocking on its doors the European Commission agree thursday to buy at least 225000000 doses of cure of x. X. In hopeful the question now is how soon it will be ready. Now the Economic Community of West African States has condemned cheese days military coup in mali eco wafts National Leaders have been holding a Video Conference the block has been attempting to mediate in the crisis in mali since june but has now suspended the country as a member and is discussing sanctions after a military junta forced president even him. To resign and then seized power. That times are tough for south africas young entrepreneurs navigating almost a decade of corruption and maladministration following the Global Financial crisis many are now being wiped out by covered 19 economic chaos its a disaster in a country thats already in recession and with an Employment Unemployment rate of almost 30 percent. Like many young entrepreneurs imported is really after the onset of the covert 19 pandemic. Upmarket catering business once employed 15 now she needs to downsize and move operations to her home. As her dream begins to fade in an economy that was a ready in a recession before the current crisis. And is expected to contract by as much as 30 percent year on year in the 2nd quarter of 2020 are. Honestly am im trying to be hopeful but we literally are that generation of young entrepreneurs who have really broken the bonds and we really feel its in china to do what we doing but here we are faced with this and i dont know if we are going to pull through the crisis has hit victoria yards and entrepreneurial hub in downtown johannesburg where danna and others ply their trade particularly hard theres been quite a lot of turnover of tenants during the covert pandemic people just cannot sustain themselves. In the new south Africa Government promoted entrepreneurship to create jobs and Economic Growth in the worlds most and equal society but that path out of poverty no longer seems clear even for educated south africans in a country with over 50 percent youth unemployment i havent had funds diploma in what to ecosystems but i have to resort to selling secrets on the street which is illegal at the moment for me to survive. So its very difficult getting a job or only right now. Forging on is the only option for some. Chip almost makes custom denim jeans and pivoting into personal Protection Equipment means his business might succeed. No plan for it when it 1st hit us everybody had to go home for a couple of weeks and you know we had to rethink what we do from selling jeans to sit in cloth month turnover may be down but hopes he will survive the crisis times are tough right now with this whole cover 19 but a Small Company or Small Business were very hopeful for the future of quite a small team in the 30 k. To to make things work and its this type of determination that africas most developed economy will need to rebound in the post code 19 world. Where we can now speak to moses acqua who is the founder and c. E. O. Of afro link which is based in berlin but works with african startups is tough hearing from some of the young businesspeople there in our reports are africas young entrepreneurs having a particularly tough time during this pandemic. Thank you i think that they are in tough times. I call it a unique time where you know q rule. Some are having of course some have been quite a negative impact but in all nearly no one expected this randomly to hit us and so yes there is a tough time where i dont know. What are the main problems that these young entrepreneurs are facing is it that people are spending money is there enough money available for them to get their businesses go. Right so what we see at the moment is the fact that there is one side which is a positive challenge whereby people who are having like big business what we call. The high 5 or there are sectors like i requote your Health Care Education law just extend distribution the people that are actually having a lot of the mind and the need to actually know how to adjust to. The. Requests that are coming in on the other hand the people that actually i mean a lot of physical contact and engagement are having a really tough time because they need to shut down the shop to come out actually engage more people and again what is pretty crucial is the fact that there is less money to be spent because some people would buy the products and services. When there is no minute slowing its becomes their problem and so we are actually hoping for a lot of the stimulus packages that are currently coming in to really revitalize the economy so that young and to promote can be able to get back on the. From africa link thank you so much for joining us here on d. W. P. Thank you now some of the other business stories making the news. The number of americans filing for initial Unemployment Benefits rose by the unexpectedly high figure of 1100000 last week the latest wave of corona virus infections has forced many businesses to shut down President Trump has signed an executive order to extend the supplement a reduced rate of 400. 00 per week but it has yet to be implemented. Australian flag carrier quantas has revealed it lost 1400000000. 00 u. S. Dollars as demand collapsed because of the coronavirus pandemic revenues plummeted between april and june yeah line is cut 6000. 00 staff and doesnt expect to reinstate its International Routes until the middle of next year. And that the n. B. A. Has fallen for an initial Public Offering just months after the coronavirus ended the Global Travel industry in may the company was valued at 18000000000. 00 during a funding round a short Term Rental Company cut almost a quarter of its workforce in response to a short sharp fall in demand. Now stop funding was a major problem in the early days of the pandemic remember toilet paper was one of the surprise commodities that suddenly became at times practically impossible to find one german businessmen who tried to cash in on the loo roll rush has been left with something of a blockage. Pallets of toilet paper stretching right up to the ceiling the warehouses full dark rooms who runs the supermarket in northern germany wasnt expecting this when the demand for everyday Household Goods exploded at the beginning of the coronavirus pandemic in march the retailer ordered in bulk from portugal russia and greece as it looked like germany was going to be sold out he ordered over 10000 packets of blue paper and invested 20000 euros but then he was left sitting on those. And you know for the look of me put it on sale cut prices to 0. 99 try to euros 0. 22 but a stock like lead on our shelves i know we had to economically. The laws of the market have left him facing a hefty bill 1st off the goods came too late and secondly the quality of the imported goods was not up to Consumer Expectations the consumer is a creature of habit even in a crisis and hes prepared to pay for that privilege and so the important toilet paper is blocking the warehouses and storage areas. Now the businessman is donating his bulk purchases to social institutions thus making a virtue out of a necessity. And also from the Business Team here in berlin if you want to check out our website or we dont come slash business were also on facebook and twitter expert. To the point. Clear positions international perspectives. Huge protests in belarus and growing calls for the countrys authoritarian president alexander lukashenko. Just. In time have been laboring russia and the children turn leader Vladimir Putin find out im sure. To the point. Of being such a d. W. I. Im david and this is climate change. Happiness in 3 books. This is the book for. Smarter earth free to do you go on. This every news africa on the program today dampening superstition in god. We will hear from the women who were attacked and almost killed after being accused of witchcraft also on the program the Victoria Falls is growing as if it is calling for change said the next hour just showing up on your splendor but sadly they feel fearful of freaking going to come and witness this the i dont know International Visit does it