Business Weekly
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 11 September 2021
⏱️ 50 minutes
🧾️ Download transcript
Summary
In this edition of Business Weekly, we look at why one of the poorest countries in Latin America, El Salvador, decided to make Bitcoin legal tender. We also find out what happened when the cryptocurrency crashed on the first day it was rolled out. We hear about the devastating economic effect of covid in Kenya as it rolls out further curfew restrictions. Also, in a few weeks’ time, the matriarch of European politics, the German Chancellor Angela Merkel, will step down. We hear what issues are playing on the minds of German voters as they get ready to head to the polls. And for years Lamu, Kenya’s ancient trading port, has been in decline. But government hopes the opening of a vast, new facility means it can be a commercial superstar once more. Plus, the chief executive of Babbel, Arne Schepker tells us why the company is listing on the Frankfurt Stock Exchange and whether lockdowns have impacted on people’s desire to learn languages. Business Weekly is presented by Lucy Burton and produced by Matthew Davies.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hello and welcome to Business Weekly with Lucy Burton. |
| 0:08.1 | Today we'll be looking at why one of the poorest countries in Latin America, El Salvador, |
| 0:13.9 | decided to make Bitcoin legal tender. |
| 0:16.7 | We'll also find out what happened when the cryptocurrency crashed on the first day it was rolled out. |
| 0:22.2 | In a few weeks' time, the matriarch of European politics, the German Chancellor Angela Merkel, will step down. |
| 0:28.7 | We'll hear what issues are playing on the minds of German voters as they get ready to head to the polls. |
| 0:34.3 | And for years, Larmu, Kenya's ancient trading port has been in decline. But the government |
| 0:39.6 | hopes the opening of a new deep sea port means that it can be a commercial superstar once more. |
| 0:45.4 | But we'll begin the program further inland in Nairobi, where COVID curfews have been extended |
| 0:51.2 | due to a rise in cases. Nearly 5,000 people have died of the disease in Kenya |
| 0:56.9 | since the pandemic began and the vaccination program has been slow. And whilst case numbers have |
| 1:02.8 | been lower than in other countries, the economic impact has been huge. My colleague Vivian |
| 1:08.1 | Nunes has been hearing how some Kenyans have been affected. |
| 1:12.9 | Like much of Sub-Saharan Africa, the official numbers here in Kenya suggest the country has escaped the worst of the coronavirus. |
| 1:21.6 | Even so, there are around 700 new cases reported every day, and there have been nearly 5,000 COVID deaths since the outbreak began. |
| 1:30.9 | In the early stages of the pandemic, strict lockdowns were put in place, and there are still |
| 1:35.8 | an overnight curfew. The economic impact of those measures has been enormous, especially |
| 1:41.9 | on the millions of workers who make up Kenya's informal economy. |
| 1:46.2 | Street vendors, house cleaners, restaurant staff and others suddenly found themselves sent |
| 1:51.3 | home from work, often with zero financial support. The situation for many was dire. |
| 1:57.7 | Among them was Josephine Malchiwa. My friend sent me some little money. |
| 2:03.8 | So I bought the food that I've been using. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

