city according to one international study al correspondent there tells us more. and how chinese traditional medicine is threatening the traditions of a small island community in eastern kenya. hello welcome to business africa i'm monica jones and berlin good to have you with us and we're starting with news from south east africa the international monetary fund has sent a team to big it's aimed at helping the economy recover in the wake of a devastating cyclone a day hundreds of thousands have been affected by the disaster which left a trail of destruction across southeast africa hitting some of the poorest countries in the world. like loney die made landfall near mozambique's fourth largest city bear on march fourteenth green devastating winds and one hundred fifty millimeters of rain in a single day rescuers and i'm struggling to bring aid to survivors many stranded on car gauges are in roofs or stuck in trees the flood zone covers

a vast area three thousand square kilometers. the i.m.f. has promised to help mozambique as well as other countries in the region. our solidarity is with the people of mozambique zimbabwe and malawi in the aftermath of cyclonic die our condolences go to the families and friends of those affected by this terrible disaster and an i.m.f. staff team is no in. to evaluate options for possible i.m.f. support. the u.n. calls cyclon you die one of the worst weather related disasters ever to hit the southern hemisphere mozambique is the worst affected country around ninety percent of beara has been damaged or destroyed even the port city affectively an island without power clean water or communications for the desperate residents of barrow rebuilding after each is an enormous challenge. how much does

a loaf of bread cost in your part of the world well that's just of one of many questions the authors of a new study considers when ranking the most expensive cities on the planet here are the top ten take a look now three cities joined at the top that is singapore paris and hong kong living in the european cities zurich geneva and copenhagen also cost you an arm and a leg the super expensive cities in asia include or soccer in japan and south korea's capital seoul u.s. cities new york and los angeles as well as tel aviv in israel also make the cut but what about african cities none of them are in the top ten but that doesn't mean that they aren't getting more expensive to one of the biggest movers up the ranks is kenya's capital nairobi it comes in at number sixty four in the world and that makes it the most expensive city in africa so what's behind these trends and should we what should we make of this kind of ranking anyway let's bring in

four more joy in nairobi joy good to have you with us first of all how are these rankings even worked out what factors did the study's authors consider. well when i rule b. i think and the rest of the line i guess the used about fifty thousand individual prices of various goods and services and those include you know food drinks housing or accommodation. schooling as well as recreational costs and the fact is that they did consider well looking at nairobi particularly one would actually say that this survey specifically focused on the expatriates who live in the city knowing that most companies use this intelligence unit. cost of living survey to determine the packages and compensations for these batteries who who are citizens of other

countries coming to work into the city so that is the reason as to why i think nairobi has bought the most expensive cities in the world yet it is exactly in this study it's actually risen thirteen places since the last ranking no you live there of course have you noticed that things are getting more expensive. well over the past i think five years have been set and i have sometimes they are gradually increased in price. due to the other predictable weather patterns over the years and also the price of real estate or you know housing has gone up over the past few years and that can also be actually. considering that vehicle addition is not paid in the local currency but using the greenback and still looking at the kenya currency today actually last year it did appreciate about one percent to the

greenback that means it was the only currency in africa that appreciated against the greenback and that would have explained why certain items or a certain products and services could have short in nairobi also narrow the city has the highest domestic inflation going to other parts of the country now there is of course one thing that might surprise a lot of people and that is that only one african city actually ranks as the top ten cheapest city in the world and that is the nigerian city of lagos how is that. well that is quite a surprise for everybody during that look two years ago or late was come up as one of the most expensive cities in the want but also going back to the entire want you to actually concentrate on the cost of living for x. living in various parts of the world and so maybe now two years is the latest just

happens to. the floor but i am being delayed goes and i can't honestly say that the cost of living in legal is not it is expensive accommodation is expensive food is expensive so looking at other factors like the rate creational costs and all that i don't think it is on its face it's a little. it's all relative if i can tell joy the reindeer are they reporting from nairobi thank you so much. indonesian national carrier is canceling its order for dozens of boeing a seventy seven max eighty jets after the model was involved in two crashes the decision is likely to spark further cancellations from other carriers including from governors rival lion air earlier this month an ethiopian airlines seven three seven max went down shortly after takeoff and last october a seventy seven x. eight operated by lion air crashed in indonesia both cases or people on board were

killed u.s. prosecutors are investigating the certification process for the chief. and are just some other global business stories making the news. right helling company has picked the new york stock exchange for its i.p.o. the listing is lined up for april and could value the company at one hundred twenty billion dollars one of the five biggest ever global ride sharing platform also operates in more than fifteen major african cities from cairo in the north to cape town in this house. a study by pricewaterhouse coopers says tried in india will dominate the i.p.o. scene by twenty thirty putting wall street into third place peter you see also says that liquidity and a stable currency dictate mostly what a company decides to float its shares head of the here rypien people's party in the e.u. parliament month is called for a marshall plan for africa mr bieber who hopes to replace you as president of the european commission said the e.u. must do its best to help stabilize what he called europe's neighbor continent falls

. kenyan police have seized twenty million dollars of fake banknotes the counterfeit cash had been stored in a deposit box at a branch of barclays bank six people including two members of the bank staff have been arrested the seizure comes at a time when kenya nor makers are pushing to relax regulations requiring financial institutions to record transactions above ten thousand dollars barclays can ya says the fake money seized to belong to a customer and that it is cooperating with the investigation. is donkey skin going to be the new ivory well that would be bad news for donkeys because their skin is in high demand in chinese nets and that makes them want tractor for thieves threatening a long preserve tradition on her long island in eastern kenya where donkeys play an important part in people's daily business activities. you won't find many motorized vehicles you know donkeys are the main mode of transport don't have your own money

problem you can hire out of four legged transport or to get yourself or your belongings from a to b. but something is disrupting the order of things on land. they don't these are disappearing. my don't carry building strong sand and cement business i could make around thirty euros per day but now getting even twenty euros is because the number of don't have keeps going down i have lost three donkeys but there's twenty nine year old has lost his donkey to he says he knows who is behind the disappearances the chinese subway formal information that you are getting is that the chinese have taken the donkeys about hundred two hundred fifty don't kids have been reported missing and nobody knows where they are in number we all know each other we are all friends every don't he has a map showing who the owner is. don't you scheme is sought after in china because

it is used in a traditional chinese medicine called. this demand makes the animals more valuable and has more attractive to thieves kenya already has three chinese owned don't you slaughter houses there don't you can sell for up to one hundred twenty euros low resistance fought against the opening of a slaughterhouse in the region but the animals are still being stolen people whose livelihoods depend on the animals are going to look around for alternative work. says i have a family i can just do nothing i had to get another job now i sell fish but it takes time to understand new business i'm used to dunk is it has also affected my income so losing my donkey's has had a huge effect on me. going to say. the tradition of working with donkeys has been passed down through the generations in the don't he plays an important role in the life of the community and each individual. but is this

important part of culture doomed to die out animal welfare organization the don't the sanctuary has been protecting donkeys from ill treatment for decades it is now watching to save the animals from smuggling and slaughter. in april twenty eighth the kenyan government reacted to fears that donkeys were dying out by suspending the licensing of donkey slaughterhouses in the country but this is done little to calm illegal poaching a young people of lamu can only hope that more will be done to protect the animals their traditions and their livelihoods. and that is business africa here on covering up makes you news for me and the business team thanks for keeping us company.

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