has released a new devalued cause i currency into circulation that replaces the zimbabwe and bunt notes which were pegged to the u.s. dollar people lined up in the capital harare to be the first to get their hands on the replacement currency this is the latest effort by them bob is government to bring back some stability to its ailing economy and economists say the move could make prices more predictable in the country analysts see it as a step towards a launching a new currency zimbabwe and dollar was abolished in two thousand and nine amid soaring inflation. well this sunday senegal will elect a new president and that could also be a first step towards a new currency opposition candidate whose month suncor says he'll abolish the safe route for a safer from if he's elected the abbreviations c.f.a. stance vocal and the phone says duffy currency therefore he says is a relic of colonial times which keeps senegal dependent on its form occupied france

its view many young voters do support senegal is one of fourteen former french colonies that have been using the c.f.a. front frank since france pulled out of central africa in the one nine hundred sixty s. the say five currency zone comprises six central african nations from a quarter are given to central at the central african republic and eight west african countries these include booking a fossil and senegal. in all fourteen states the current currency policy is effectively laid down in france and the safe from which was paid to the french franc now has a fixed exchange rate to the euro all members of the safe from have to deposit half of their currency reserves in france's central bank some say being back to the euro create stability in member states others believe it keeps them dependent on the old colonial occupies it's a controversial topic and not just in senegal mali pulled out of the safe our fall

in one hundred sixty two but it changed its mind and rejoined the currency in one nine hundred eighty four d w spoke to mali's president ibrahim a book about kate's and asked him how he views the front today mosher not to. the measure of one's evolution i think this is the end of a front gives us more possibilities on the international stage it removes the temptation to print more money and protects us from soaring inflation that could result in needing a sack full of money just to buy a loaf of bread. to see if a franc protects us from that. the choice between stability and instability is clear stability you. bring in when the bashi from. africa desk when the is this changing of the currency a matter of national pride or economic wisdom. i think we just heard what the president of many say and this is what many head of states in the zone for

safe truly believe that defines if i. bring economy in the countries but we need to know that in these debates about define safe we need to make a difference between those who agree with difference a fact and those who are against saying that this is a tool used by a western country to settle and economic dependence but in the media what we have is we hope so i feel will give associations saying that each country who use twenty five today need to have their own crew i see like in tanzania kenya. in a way to show their independence at the economic level. has brought stability to the region low inflation is always quoted by its supporters isn't that a good reason to keep it i don't know if we can say that this is a good reason because some economies people say that inflation can also be good in some times but what we need to know exactly is the fact that difference

a fact and all the debate about difference if i bring one to a peak on the waste on the table this is a question and matter of the very end and economy so very antsy so i think the debates must be open and continue without patients actually disease what i think when the who profits most from the briefly please this is a good question i don't know exactly how to answer because if you ask people you know africa they will tell you that western country had the first one to benefit fifty's but recently debate c.e.o. who is one of the biggest bank in western africa say that they can reassure people that today the country to use difference if i read the independent economy can you so this is a debate who is open and who would continue probably in the future. wendy thank you very much. thank you. president macky sall

hopes to win another time in the seven this in the seven years he's been in office he's tried to appear as a man of action not just pushing several big infrastructure projects a new airport new regional train services and even a brand new city among not all senegalese profit from those success stories. for most of the one million people living in central dhaka he sells grand projects haven't brought much in the markets hygienic conditions are terrible and there are improvised vegetable stands everywhere. what is it that you do when you're the president has to bring costs down and bring lots of money into senegal everything is too expensive especially food. and goods i want a president who brings prices down. if the president can keep things going the better it is for all of us just stability stability is all i want and i think.

five years ago oil was discovered in senegal that attracted international investors he is an economist he doesn't believe that investment is translating into real benefits for ordinary people. on average senegal has six percent economic growth but that can't be felt in the economy because the local businesses have such a tiny tiny part in these projects. alongside the traditional yellow taxis more and more large four wheel drives are appearing in the traffic the car is booming but seventy percent of senegal's economic output is generated by foreign companies in the construction sector for example the biggest investors are turkish companies or. we should build factories here create products locally instead of importing everything when you import you pay taxes which enrich other countries creating businesses here which will create products. locally for sale

here that's more efficient. because. really what we need for the president it's stability first and foremost we need stability jobs for the young and infrastructure to around fifteen percent of senegalese between the ages of fifteen and thirty five are unemployed and mostly earn a living through the informal sector most of the people here in the market see remedying this as an urgent priority. to india now by it has been enjoying a property boom for years if you invested in real estate they used to do pretty well but that's a thing of the past thousands of apartments that unsold in the indian financial power buyers biding their time in the hope of further price drops back in twenty seventeen real estate prices fell by five percent in last year it was almost seven percent it may take nearly two years to sell off just the unsold properties that

are consultants ninth night frank predict will the next real estate prices be made in india here's a report from mumbai the property consultant. me has been in the business for a long time he was always said that you couldn't go wrong with real estate in mumbai but now apartments are getting harder to sell for a good price at least. be an investor myself and in this day and also as i did this and hold people maybe a feeling i myself did in a few properties which i expected would give me. that i would be able to walk away from the market but nobody would say that a the brave in the j. did it in a couple of cases maybe slated or that what i had bought and what had invested. the skyline of mumbai one skyscraper after another has been erected in recent years money was plentiful but the boom is over according to of in one done from the

analysis company knight frank real estate industry has gone through a lot of tough times of late and we've seen that in the numbers in the general feel of the marketplace surprise forms of big come across the board you know all the major cities of india have witnessed a kind of prize fall on an average you know ten to fifteen percent price falls of big companies there are many reasons prices have taken a hit over the past year for example channeling cash into the construction sector has become more difficult because of changes in the law planning areas are also a factor too many luxury in too few affordable apartments were built and then there was the partial insolvency of the major financier ireland fs the chain reaction among india's shadow banking sector was only prevented by government intervention. sharkey's deep the consequences of felt by all those who were planning new projects in the past the real estate developer protests and garvey was able to sell his products in the shell phase he then used the money to finance the completion now

it's more difficult to get capital business is getting harder. if you look at it because of constructing an apartment complex it's very very very near to the field grade what below they're playing with a lot so there is not much of margins left into the business. ironically new buildings are actually originally needed to mum by the because prices continue to fold by as prefer to wait and see it's a vicious cycle and even the best bargain offer won't help. before i let you go in belgium designers have teamed up with chocolate chocolate is to create a really really tasty outfit for this year's. fair in that one delicious creation was made out of eight kilograms of belgian chocolates total

designers presented thirteen chocolate dresses the aim was to strengthen its belgium's reputation as the leading an innovative chocolate maker and as a fashion hot. well i still prefer my chocolates in a box of my suits on a high up and that's it for me and the business africa team much more business news and background stories you can find on our website. dot com slash business. follow us on facebook and twitter if you don't already do so now please stay tuned for more world news here on t w that's up next just off his quick check on global markets.

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this is the news live from tens of thousands flocked to a charity concert in defiance of the venezuelan president's aid blockade the british billionaire richard branson who organized the event on the colombian border wants to raise hundred million dollars to help venezuelans suffering food and medicine.