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tv   Business - News  Deutsche Welle  January 28, 2019 7:15pm-7:30pm CET

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meanwhile from the spot a self declared interim president. has called for more street protests against a president with us much to. get all the latest news on the information about the. website up next. the day's fitness news of the day. how about taking a few risks you could even take a chance on what. to. expect happy ending. the church. strikes. breach one hundred years old. and join our photo competition. of mint impact your world for
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a chance to win one of three like our cameras. were on instagram tag and your pic using our house one hundred so things. find all terms and conditions for the documentary on instagram. gaza central bank lowers its peer to israel's will that help to modernize the country's agriculture sector which needs to go digital in a hurry. and taking a stand against plastic waste activists from kenya take a boat made from recycled plastic all the way to the sons of god. this is the w. business africa welcome the central bank of ghana has lowered its prime lending rates to sixteen percent on monday bringing it to the lowest rate since twenty
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thirteen markets are expected no change in monetary policy decision is being seen as a sign that the country has made some progress in its attempt to battle soaring inflation let's take a closer look at between twenty fourteen and twenty sixteen the lending rate rose steadily with the figure hitting a high of a whopping twenty six percent it has dropped since then to the most recent rate of around about seventeen percent but compared with other parts of the world like the eurozone for example where interest rates have remained close to zero for years it's still very high the same inflation rage rate which is currently hovering at around nine percent that's lower than in previous years but still very high compared to other countries let's bring in our correspondent from capital. gonna has had the highest interest rates across africa for years how is that
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influenced the going to an economy. well it's influenced the economy a great extent because. interest rates really tell me. bring for example this autonomy and economy that many businesses not fund what they do and so they need to go to the banks for loans and the interest streets determined by that. also influences which treats the banks loans to these means necessary whilst those rates are high they need to sew up prices we talk your sleep in parts everyone who we see in the economy in boston who. might. bump would be seen the need to buy but i finally saw the interest rate this key and you tell me how the economy is like. it is the time really rides to go four percentage points lower. it's a minute accompli and interest rates well what upsets our banks that buy their for
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the reason why do you say this is because in twenty eighteen the last parts of twenty eighteen. some growth experience across accordance with up on friday to some ports and to reduce it to reduce their stay on gandhian so yes this is the time to read you'll see. it in the water but you can get it so well i mean some talent and it's just a really fun and grew up i did reach out to meet people come benefits from all of this is like reducing interest. was the bank then on the other hand maybe to council could have gone even even lower than sixteen percent. sometimes for the reason that he said but then to read through their rates this year on this month was because if seen some improvement in the economy but the pulse also means they're reducing it's. just the way you know what. they mean is
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that you also be out of business you cannot make a lot a lot of gains on the loans if even outside people to do business so they could have gone further by the bonds of course in response aims and sort of set up on how to look at the concept of consumers and also of the banking sector i mean this rate that i know not. so measured to drop in central banks are circulating from thank you very much. thank you. but one of ghana's most important exports is of course cocoa beans the industry is worth some two point two billion dollars a year and provides work to seven hundred thousand people bought transparency remains an issue and payment methods are still old fashioned a group of entrepreneurs now wants to change that first they will have to convince authorities to embrace digitisation. it's
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painstaking manual work cocoa farmer orlando's manu and his family remove the beans from the pods by hand they then laid out to dry for a week. ghana's cocoa industry is state controlled the government decides the national cocoa price every year right now it's around a dollar forty per kilo in larger villages licensed buying companies manage the farmers out push. the harvest from around the region are pool together and packed into sixty four kilos sacks. so this number. come from. so. the biggest. and the business the country has. come through because of this number. but that system doesn't reveal the exact farm the projects comes from in the capital our software
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company is working on ways to address the problem it uses g.p.s. to keep track of farmers and their production processes the data is saved on to smart cards and allows farmers to be paid digitally. for both. parties and. this is. to the click. of the car again before details comes. and then when that information is traffic in the critically be wired the money directly onto the car or the farmer but that vision is still quite far from reality cocoa supply chain can only be digitalized if the state run cocoa bot enterprise gives the project its backing until then everything from counting the beans to quality control checks will still be done by hand. we are
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trying to feed. them and then. we. bite. it's gradual up. but as long as the exact origin of the beans in the sack remains unclear the potential for fraud remains after all no one can check whether the higher price beans labeled as fair trade really do come from farms with better conditions. now plastic waste is becoming an ever bigger problem and more and more countries across the continent people are realizing that cycling is a must mentalists from kenya took to the sea in a boat that looks like a traditional dow but is made entirely from recycled plastic. the good ship flip flop be set sail on a mission it's the first sailing vessel built completely out of plastic waste
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incorporating around thirty thousand flip flops and other garbage the team took two years and ten tons of plastic to build this ten meter vessel on lamu island off the kenyan coast we had this dream of. us. so much crying about the plastic. we feel. eight million tons of plastic waste end up in the world's oceans every year and some of it makes landfall here in kenya this group of environmental activists want to change that they collected garbage and raised money to build the boat they even have the support of the united nations program to combat climate change it seems so simple to me it's so obvious the motivation is just to share something positive we wanted. for message and that's what the flip flopper really clear positive message about plastic being valuable. and aside from floating
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a message to save the environment so far flip floppy has managed swimmingly on her five hundred kilometer voyage from la to zanzibar. going to the u. . hundreds of thousands of workers should be back on the job this week after the end of a thirty five day government shutdown that kept them out of work and. fortunately those workers will receive back pay economists say there's no making up for the last spending of the past months of the price tag is quite steep. it might have been traffic chaos at the airports that brought an end to the u.s. government shutdown after more than a month with air traffic controllers calling in sick flights were delayed or canceled at new york's la guardia and other national hubs then washington came through with a deal. an agreement between president trump and democrats in congress with no
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money paid for a border wall and sure things will go back to normal federal offices will reopen as well national parks workers will get paid and their relief to. the shutdown was really traumatic for a lot of people and i think it put a lot of american workers in a really challenging financial situation and i think that in the future i hope that shut down. the family will be able to pay our bills will be able to hear anything you know be off the street and out begging for through. but the economic damage is done the shut down came over the white house's demand for five point seven billion dollars for a border wall now analysts to standard and poor's say the shutdown cost six billion dollars mostly due to lost productivity and weakened economic activity the council of economic advisors within the white house takes the costs even higher estimating a weekly loss of point one three percentage points of quarterly gross domestic
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product according to their numbers the month long dispute could cost the economy about twenty six billion dollars. and it could all get even more expensive the current agreement will last for three weeks it is unclear what happens then. u.s. president donald trump promised his controversial tax plan would be like quote rocket fuel for the u.s. economy but it seems from stocks rocket. according to a new survey that one point five trillion tax cuts trump signed into law has no measurable impact for most u.s. companies investment or hiring plans that's according to a survey released by the national association of business economics a four eighty four percent of respondents said the muscle little effect on them. or investment. in spain taxi driver. madrid's a major over the weekend to vent. the drivers are demanding
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further restrictions on the service which they say unfairly on the cuts that business needs spanish government already agreed to clamp down to including capping licenses for new drivers about the taxi drivers say the new regulations do not go far enough. and that's it from me and the business to. check out our website for more background stories. slash business. in just a moment. get
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ready for something new on d w d w news office bringing you stories across the region stories that shape our world coming up still the new news africa. that perfectly roadworthy but really in the junkyard in germany over a million diesel vehicles could be banned from the roads because they are too much toxic to matter and nitrogen dioxide. emission limits really have
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a scientific basis. and quality data. that deals with disaster. in sixty minutes on t.w. . sure that people who hold on for g.w. on facebook and twitter up to date and in touch follow. this is new news africa coming up in the next fifteen minutes ethiopia is on a progressive pop up for a fall off of the ministers in the country are now women but while these decisive changes are being made at the top how much still needs to trickle down to the places where cultural biases still persist. and since he's twenty fifteen election when tanzania's president has seen he supports.

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