When we all accept the history of slavery as all of our history. Our documentary series slavery routes starts march 9th on d w. Its a bad day all Global Financial markets fee impact of the coronavirus is becoming clear 1. 00 of the worlds most valuable Company Example warns profits will fall short of full cost global trade faces headwinds watch out africa. By poverty how to get gods name businesses up and running when the funding is out of breach for so many. And stop chopping down trees that are mentalists ironically hope teslas plans to build clean cars in germany as it means clearing a forest for the factory. That does all of this new business i know its just a virus no worse than the flu but covert 19 has spread around the globe at lightning speed infecting operations at all sorts of companies in this new connected world africa is not being spared the confidence had its 1st confirmed case of the disease huge joint african chinese Infrastructure Projects face disruptions. Many airlines have cut flights to and from china and now the International Monetary fund is cutting its growth forecast for one of africas top economies by jerry from 2 and a half to just 2 percent the reason plunging oil prices standing from the outbreak it highlights the challenges the biggest africa Group Producer has in diversifying its economy and why breaching effects a little bars that. Well on top of the 1st growth cuts corporations are issuing profit warnings or supply shortages a new type of virus has hit the worlds 2nd biggest economy and gone Global Networks take behave with apple is one of the 1st firms to clarify the extent of the College Shopping malls and Stores Closed across the country city streets empty as millions remain confined to their homes. Factories shows are reopening at a snails pace none of this is good news for apple the worlds most valuable tech Company Makes i phones of various sites across china and also sells millions of them at stores around the country the profit warning underlines just how serious the corona Virus Outbreak is for a business like apple which is heavily reliant on its supply chains in china as well as its Strong Customer base there apple had already been facing challenges in china before the outbreak in 2019 the company made sales of 44000000000. 00 in the country a fall of 12 percent from 2018 and the relative value of the Chinese Market for apple has been declining in recent years in 2015 the country accounted for 25 percent of apples total revenue that has fallen steadily last years figure accounted for just 17 percent. If it is not contained the corona Virus Outbreak could dramatically increase apples difficulties the company has already said that worldwide i phone supply will be temporarily constrained due to their brick for Business Owners and would be entrepreneurs in ghana have completely different worries better access to funding to get operations rolling in the 1st place but its a catch 22 when you dont have any spare cash or collateral especially in a country where the poverty rate of 50 percent. As an entrepreneur who runs her own chain of restaurants and. Her livelihood depends on how much food she sells but she has a major problem she doesnt have enough customers. Theyre hard to come by. You open your shop and youre hoping to have so number of people coming to buy from you and that they are the de you have just like about 20 per cent buying from you then the rest goes to a look at me i mean the Food Industry so what happens is that we stick to it that way without a steady stream of customers wont be able to grow her business she hasnt been able to take out Business Loans either not that she really wants to the Interest Rate there is so high that if you when you take the funds you wont be able to pay in taxes if they give it to you if you meet and they give that to you but i can bet you to take a loan. In this country its more like neil. Poverty levels remain high and gonna shop owners like clement boa tearing struggle to stay afloat because customers simply cant afford their products. By the way because you. Because you call him the price he would like to buy by the purchasing power is not there in 2015 gonna turn to the i. M. F. For a bailout but its currency the city continues to lose value inflation however it did fall to 7. 9 percent at the end of last year still analysts say a lack of liquidity in the economy means ordinary citizens are really feeling the benefit for an economy to be viable to create liquidity you know its true that banks less activity is to says you know make sure that they have the liquidity that it needs but we dont wait for. We. Entrepreneurs want the economy to start bringing in trade sooner rather than later. He joins us now from accra. Is there will do you sense any sort of change is there more of a willingness for banks to lend to people with ideas to set up businesses. For now it doesnt look like. Because theyre really. Businesses that have the capacity to pay back loans we have seen some restructuring. Since last year by this current government which means that banks will have to be very careful. And credits too so for now its. Small businesses to access and i dont think anything will change. Anytime soon and if god doesnt build up its Small Businesses i mean we heard earlier from the i. M. F. That nigeria needs to diversify to depend less on oil is ghana in the same position. As the Oil Production is taking place theres not much benefit for the ordinary. For the economy even though its part of a significant portion of the countrys g. D. P. But the country needs to divest defy if it really wants to ensure that the environment for business is that of the best and its like nigeria to diversify so that everyone can benefit not to depend solely on. The forest in a cross thank you very much. Well energy costs in god are a 1. 00 of the highest in the whole region but now an ngo is showing young entrepreneurs how to turn solar power ideas into businesses to make them less reliant on the dominant power companies. In accra Many Enterprises like these often experience Power Outages for these things. You see you see what ive told you all for doing. Whole. Really really i think theyve. Reduced was cute people just looked at this and walked. With its more than 2000000. 00 inhabitants began in capital demands a huge amount of it. For the last a kid on a has been experiencing i made it easy to crisis that has damaged the countrys economy a major contributing factor has been the arab and overloaded probably a problem it was a rapidly growing population. Ana is an important the midst of the car for International Investors including germany so its not surprising that Energy Experts flock to the west african teen energy and environmental fill in the suspension washup still offer Technical Training in various aspects of solar energy to participants who walk in the sectors such as 28 year old engine the. Us. Been walking for 3 has forgotten cool off farm from them and its mainly build solar panels systems for Large Companies in guyana. Designing a system for. An Office Complex and a massive. And it is a great time system so im preparing to be out on the. Roof mounted system or i dont. Both the top potentially in the country and private individuals often contraflow to buy so no policy stands more in mobys this is want them to make the a production less dependent on the unstable paul agreed we almost we feel that we are just at the beginning of the Renewable Energy markets in west africa and we are currently preparing ourselves our employees and our methodology for that we expect in about 2 to 3 years time robots feel certain and his call up was a city known to strolling down to his company has trouble finding skills tough in kano robot hopes that more young people before those exam call and seek walk. In their new book. He sees it as a job would be much. Jemma bureaucracy is legendary the germans are very thorough but thats not the only hurdle for teslas ambitious plans to frantically build its 1st european factory in the next year and a half environmental activists are out in force at a mosque wants to do something good for the planet by constructing electric cars it means chopping down trees. The german press has started calling it the tesla for a stand the machines felling trees here have stopped a court order has brought them grinding to a halt the Environmental Organization league says the company shouldnt be allowed to continue clear cutting before it has all the appropriate permits to jesus he said just starting activities right now sets a precedent these are things that cannot be reversed after all you cant just put the trees back in the ground after you cut them down because of the. Cutting has to be suspended during the bird nesting season which begins in march if tesla hasnt cleared the site by then it could delay the opening of the factory slated for next year. Its taste if it doesnt work out with tesla and i hope it does. Sent a fatal signal to German Companies but also to International Investors it say that when it comes to global competition your money has grown on able to assert itself as the right place to do business. But on social media users in other parts of the world are scratching their heads at the german delay to a major investment that would bring 3000. 00 jobs tesla has already cleared 60 of the 90 had tears planned for the site the carmaker has promised to replant 3 times as many trees nearby the dispute has some people worried that tesla could withdraw from the deal the matter is being taken up by a state Administrative Court itll decide on wednesday where the cutting can continue. Story and all the other Business News from around the world im. With the. Crime fighters are back africas most successful radio drama series continues. Besos are Available Online of course you can share and discuss song w. Africas Facebook Page and other social media platforms crime fighter 2 mean no. The system didnt touch the entire scheme for jurors or dealing with any more than i killed many civilians i mean the irish coming committing my father was so special i was a student i wanted to build a life for myself. But suddenly life became our kind of. Providing insights global news that matters d. W. Made for mines. This is state of medias epic that coming up in the next 15 minutes the true scale acid attack revealed we need to the survivors who would lift to good now demanding justice and recounting the horrors they suffered. By. Putting this in his pocket
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