generation attendance, 75, a couple energy, non dusty cities that would take us to 1600 and then we will see, you know, with time we will increase the 1800000 solar panels installed in this power plant are jointly operated by total energy div a japanese firm and a consortium of battery investors are the people behind it say that this is not just a p r exercise, but this keen energy will have a real impact on how people utilize energy is the just to greenwashing is because we shifted or strategy, the ambitious, so darlena jesus to become a marquee energy company, which means, or jazz. and it explicitly electricity from renewables is the 1st, i would say world scale plan, but the 3 now she's as built. we have a great ambition to build 35 gigawatts, or by 2025. we have already beat 16 and here the hawk in kitta, it's $800.00 megawatts. which of song contribution to all i would say hold map and

on be sure. and when you reverse, the oversaw solar power plant goes on line as the world grapples with an energy crisis and cuts your forty's believe, perhaps the world needs to move to words will cleaner and sustainable forms of energy. ah, no child reserve missile robin in doha, reminder of all top stories, frustration over the rising cost of living has sparked a nationwide strike in france. now they've been disruptions in the public sector and transport system. war counts that nuclear power plants and oil depots have drastically reduced frances energy and fuel supply. the strike that we have organized to de depends on relies on 2 factors. the 1st one is that we are all struggling with the rising cost of living and the wages that are not following up and keeping people completion. despite the fact that profit a huge profits are being made at the back of our work. and we are just claiming our

fair share of the wealth. the government says it's captured the strategic town of shadow along with the l mater and caught him in the northern to gray region. the foreign ministry says it's ready to work with humanitarian organizations to ensure aid is delivered to areas controlled by it saw me more strikes on ukraine's capital of killed. at least 2 people. ukrainian officials say 3 missiles that a power facility and keith. russia has been striking critical infrastructure across the country. french cement manufacturer, lafarge has pleaded guilty to paying armed groups in syria. it face a penalty with, with $800000000.00. the company was charged in the us court. it admitted that it paid i saw while running a factory in northern syria. it handed over millions of dollars from 2013 to $14.00, even as the group carried out high profile executions. now the cholera break in

level these getting worse 46 new cases have been reported in the past 24 hours with one person dead. now the spread of the waterfall disease is no longer confined to syrian refugee camps, where there have been 60 death. police in denmark have concluded that explosions were the cause of the damage to the old stream gas pipelines, pipelines, transported gas, russia, to europe. a swedish newspaper published in foothill showing gaping holes in the structures. it says a 50 meter section was missing from one area of the back with a news are in half the time next to the inside story to stay with us. ah, what role does africa play in a global economy?

african countries say their margin lives and complain and global financial policies hampered their access to capital markets. so what should be done to integrate the continent into the world economy? this is in find storm. ah hello and welcome to the program. i'm emily angland africa's influence on issues of global importance remains far too narrow and marginalized african ladies made those comments earlier this week in washington d. c. as the international monetary fund and the world bank held annual meetings. the i m f. latest economic outlook for africa shows the region faces uncertainty. as countries attempts to bounce back from the pandemic have been hampered by the

war and ukraine. regional leaders appealed for the continent not to be forgotten. they say, assistance would have more impact if contributed. listen to those, they're helping who better understand the conditions on the ground? the governor of kenya's central bank says emerging markets have become collateral damage, saying innocent bystanders are being punished. he says, a failure to address spillover effects will have costly spill bank consequences for the world's, for now african nations face having to borrow more to keep their p from going hungry. south africa, the finance minister says the continents ladies have little faith in the developed world after its mist its target to channel $100000000000.00 per year by 2020 to help the developing nations cope with climate change. he also went on saying we were proponents of the debt relief, but the design now we're not happy with. so let's take

a closer look at the challenges the continent is facing growth this year is expected to slow sharply by more than one percentage point to about 3.6 percent. that means it's too slow to make up for the ground. lost to the pandemic. rising food and energy prices are impacting the regions most vulnerable people and public debt and inflation. levels not saying in decades, inflation is expected to remain high this year. and the next at 12.2 percent, and 9.6 percent. ah, okay, liz, bringing i guess from the cow, we have sam been a distinguished non resident fellow at the center for global development jan for my executive director at the international monetary fund from robots. we have abdel malik l a. we. he is an economist and ceo and founder of gay power group. gentleman, thanks so much for bringing on the program. the. the,

i'll start with you. can we talk about an african economy so broadly when it contains 54 countries, which is so diverse? yeah. yes indeed. if there was an $8064.00 definitive challenger. what. what did you have a high energy? just talking about vision of activity. oh hi. yeah. it puts a guarantee on that. i guess they need to ship their

abdul malik? what are some of the ramifications for africa if global financial policies and reform to better serve the continent? actually, you know, africa you mentioned is very diverse. we africans only become africans after the quarter finals of the, of the world cup. really been before that. we are moroccans on jerry and from seneca. and we have different issues that are at stake. but the issue of financing the department of africa is at the center of the global conversation because it is in africa that you will find the raw materials for the ecological transition. everything that you have inside your phone is located in africa. if you want extractive industries for the future, they are in africa, but our continent is under funded. it has been under funded for the last 25 years. and if we look at the words of economist benjamin graham, he says, the market in the short term is a voting machine. but in the long term, it's

a way mission. africa has proved that it can fast and it's development that it can go much faster. but still, we're having a bad reputation when it comes to financing our development, even though we're minor league players when it comes to corruption and to so many hindrance that are against us. yeah, one of those issues is the levels of public debt, particularly across eastern in southern africa is low income countries that have doubled over the last decade is the management of debt. a key role here, and i'll address that question to you, ada. any actually quite

likely also respond. ready to the demand position where maybe you know how, you know what the what why why we may have to be local but also makes sense. what after the sharing

community what do they need to be able to go about next? what we can access now would be much higher. they need to be able to read that to their and i think you'd find a common course department. you

know, so let's look at some of african larger economies. now the likes of nigeria, south africa, and morocco, abdul malik your in are about in morocco. what role does that country play in the economic situation across the continent? in a nutshell, morocco has been pursuing a very strong african agenda under the leadership of his majesty to king 106 because after the financial crisis of 2008, our traditional partners, which, where europe had a very, very low growth rate. today i can tell you that morocco is the 2nd largest invest in africa and the 1st investor in west africa. but this is very important because we witness that the conversation is changing completely. if you just look at last

week, which country received the warning from the people at the u. k, it was nothing african countries. so there is a momentum for large economies and, and the african countries that want to calculate and hub for exchanges between europe. the us and, and asia to be in a place where they can broker the global economy conversation and be able to, to be a candidate for the development of africa. this is the ambition of morocco in rural . we have a king with a vision and we are a kingdom with the plan and in our plan, africa is on top of the priority. that's bringing now, i guess now from washington, they say we have a 10 shower as senior director at i s g 's africa practice where he advised his clients on trade investment and governance on the continent via thanks so much for being on the program. i wanted to ask you about the informal economy in africa, and if you can firstly, explain to our audience what the informal economy is and how that makes up nearly

83 percent of employment in africa. and what impact that informal economy has on policy making. well, you refreshing are very important for informal economy and the development of the continent. i mean many times economies when it's talk about africa is going to move forward. it talk about boosting production, manufacturing, infrastructure, larger products, which is right. but a former economy is really the number one employ on the continent, is the way the african citizen themselves are able to meet the needs. i mean, we're talking about from the mom and pops up in the market. all the way to maybe smaller to produce with that on the verge of breaking into the middle, middle class of the continent. so the emergence and the importance of the economy is not lost on a lot of african policy makers. but to be quite honest,

sometimes what makes the most last, not only devoted veterinary international community, our bigger projects on, on a larger scale. so while it absolutely important proposed makers to look at the economy and ways to boost its efficacy, it's not always the number one priority to african policy makers. and it absolutely should. i noticed you and nodding then did you want to contribute? yeah, it was actually last week and i was talking about, you know, shop maybe something and kicking people so

that's why i and so where are you able to respond to the how my how is and how and why would be fine. ready not a question about what i,

what i'm what i'm getting. i'm in and out of it and i didn't know whether you're not committed to what i before anyone with any will be able to

yes. and just to reiterate what i just said, of the i'm at $650000000000.00 global allocation in special drawing rights are $33000000000.00, which is just 5 percent was allocated to africa. abdul malik, if i can address this question to you and it's slightly of a different topic, china has become a key political and economic power in the, in the continent where does by gene come in. all of this, while i was wondering when you were going to pronounce the name china, our traditional partner in the us and europe are always talking about china involvement in africa. but we have to say that mean africa are pragmatic, because when it comes to africa development, the world headquarters stand, that failure is not an option because it will be a global fader. every year,

14000000 young africans entered the job market. and the 7000000 of those 14000000 enter the formal specter and china has been a driving force in so many sectors in africa. and they're having a partnership. this is very different from the partnership that africans have with europeans or with america, which is a partnership. no questions about internal politics. they're not meddling with political issues with african countries, court china and import the partner, a partner with the long term agenda. and the chinese are investing heavily in recruiter in tech, and it's normal that there is this competition. but i have to say we as african, are we want to work with every country, every superpower, that he's sharing a rendition to develop the content. pierre, i noticed you were noting profusely there. what did you want to add to the conversation? no, i agree with my team. there's been

a lot of competition around chinese china rope. others afraid? so the director general say dr. go the country. well. question when we got to a young, beautiful, right. and it's okay to have many different sooner than it's actually go into the sooner that after chinese, the most so full agreement and the fact that the consonant needs to deal with whatever you as a partner, whether or not china has a vision of the continent. i think that's another part of the debate, but today's certainly not preclude countries from diversifying the partnership pulled as long as those partnerships are beneficial to the african people. i think it's just interesting. we're talking about china as well as kind of the debt relief from that solution. part of the question because yes, you have heard the role of china and how much debt the old one thing we're

forgetting is private lender, including bottom builder, that was readers really whole 35 percent western private lender, whole 35 percent of african external debt. and only 13 percent or 12 percent of the chinese debt and are interested on the pavement or to china. last year was 2.7 percent. whereas for non chinese profit debt holder was 5 percent. so you do need to have a shit in only focusing on their trying blending, especially are going to talk about their belief, but also talk about the private matters to play a bigger role. there really will be debt relief and solution to debt that the african countries are making right now. if the whole landscape was universe of debt lenders is not local, not just the germans. let's move away then from china and look at the continent as a whole. and the african continental free trade area, pierre, direct his question to you. what is it, explain that to our audience,

and why is it so beneficial for the continent that it works? the free trade continental area i think is one of the biggest fiscal and our trade development that we've seen in this side of the sensory quadrants. because it creates the largest free trade area in the world. at the moment. our only competing is the w t o, which is the whole world, and essentially is an attempt by african states. so harmonize our regulatory framework. so harmonize. laws don't allow ensure africa treated. recall it in facilitate the movement of goods and people through the borders of different african state, as you will know, country to what for people to believe in the western part of well, africa is not a country made up of many different countries and made different profiles and we

cannot reach any of these as well. so the idea is in the segmented and fragmented way that they are set up right now in countries, they won't be able to compete on the global stage compared to some of the other trade blocks. like, for example, so the idea is to harmonize the african continent be trade block that would not only given muscle or global stakes, but most importantly, and this is really the number one driver is ca, it's or dr. local development to try to pronounce that group or construction, local manufacturing, mobile production of the scene or me, other cards of the world grow. you've got to trying to get a lot of countries in intellect, korea already look to get all of these blocks will be created and the walk through the production of the local and construction of the local goods. so

that's what it is you're trying to do. harmonize normally at a regulatory level, but also developmental level organized african goals and it's actually boost or economic or it's an army prospect of african citizens. spaby of resources with african countries have massive natural resources that they can tap into. and i'm conscious that we're, we're running short of time. so i've done malik, i'll address this to you. how can big african hubs like morocco help sure, up the leverage for the continent in the context where natural resources a badly needed, especially as a result of the ukraine war. i mean, that's a big issue. and in morocco, as you know, we're the world's largest producer phosphate. so we have a direct impact on the agriculture. a and the keys very simple, or we need to go up in the industrialization letter, and we need to fill in all those gaps and enable local manufacturing. and for this

we need investment. that's the, that's the absolute center point of every development attempt in trying to create those hubs. the 2nd thing is that we, africans have to work better on the ease of doing business. we have to fight brain drain because there are key issues. and in that point, i mean, i would like to stress out something very important that we as africans and asthma, were particularly shocked by the decorations of the head of the external relations of the users. at barella said 2 days ago that in europe they succeeded in created the garden, and they are now surrounded by the jungle. and they're afraid that the jungle might take over the garden. but he forgot one thing, the elephant in the room is that europe and the us are taking our resources and the most important resource, which is our talents. they are preventing illegal migrations, but they are easing the brain drain and talent to go. so in africa we need the

global initiative to retain our parents. so we can have industries that are talent based, flourish and help us develop more industrial sectors and how those clusters with ecosystems in industry, in automotive, in cars, in all industries that are not affected by the 4th industrial revolution, which is destroying blue color and white collar jobs, but we need to take this to another never. we need a new global conversation with europe with the u. s. in order to address the standard question, i do that we only have one minute left. so late, the final response to you, we've been talking about the ramifications for africa. but one of the ramifications for other parts of the world if, when angel policies reformed to better serve african countries, what they're talking about.

and now you're talking about the people in mac, and in fact i have to be ready and everything would be required to be more than happy to be follow up with

plenty of moving parts to this issue gentlemen. thank you so much for your time. your insights and your passion, thanks to i guess the same been at dell malik, l. we and p at 10. sure. thank you to for watching at home, you can see the program again. any time by visiting our website, al jazeera dot com. and for further discussion, go to our facebook page. that's facebook dot com, forward slash a j inside storing. you can also join the conversation on twitter handle is i j inside story for me, emily anglin, and the team be by the ah

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