it's budgeting to cut debt i'll take a closer look at the kenya conundrum. stay with us for this and much more on business africa with monica jones i'll be back at the top of the hour thanks for cheating and. tell us a little. less experience a modern museum centered with her question cultural heritage foundation. here researchers are looking for answers in the $5000000.00 x. each object relates part of the history of mankind. cultural heritage family. treasure trove starts june 21st 2 w.

. what secrets lie behind these money. find out in an immersive experience and explore fascinating broad cultural heritage sites. including the d w world heritage 362 good to see. kenya is crying up a mountain of debt the east african countries are seeking a $750000000.00 loan from the wealth bank to invest in infrastructure projects while at the same time trying to reduce public debt. also coming up they crawl and fly and many of us find them on a thai saying that in 6 could soon be key in feeding a growing wealth population. welcome to the business africa. but to have you will.

yes kenya has one of the fastest growing economies in east africa but to sustain growth it needs to invest in infrastructure and that costs money it doesn't half and that's why kenya is now seeking a 750 $1000000.00 loan from the world bank adding to the mountain of debt it already owes to china only yesterday kenya's government unveiled its budget for the next financial year which includes proposals to reduce government debt kenya is in desperate need of more roads railways and harbors without infrastructure the country can't develop or provide jobs for millions of young kenyans but the money needed to expand the infrastructure is unfair one reason why kenya is going further and further into debt. over the past 10 years the country's public debt has risen to more than 57 percent of economic output now the government's committed to bringing that figure down. the debt burden is rooted in construction projects like

the new railway line between the port city of mumbai and the capital nairobi it went into operation last year the cost of the chinese project almost $4000000000.00 u.s. dollars all financed by chinese loans but loans also mean power and influence for the sponsors china's influence can be felt everywhere in kenya now the east african countries asking the world bank for money around 750000000 dollars and low interest loans are aimed at helping agriculture and other urgent development projects move forward and thus create more jobs for the locals it would also funnel more taxes into state coffers but for now can use huge levels of corruption mean a lot of the money still flows directly into legal channels. meanwhile tanzania's finance ministry has proposed a new tax that's caused quite a stir it wants to put a 25 percent tax on imported wicks and extensions and a 10 percent tax on those made locally the move has cost public outrage especially

among women saying they're being punished for wanting to look good supporters of the new levy say it will help women keep the head watch while the navy is expected to come into force next month as part of tons anya's new budget. south african banks affording behind on digitization because of a shortage of qualified workers the country's biggest lenders told the reuters news agency they were having trouble meeting demand for online and mobile banking because they were not attracting enough candidates with tech skills the need for id 70 workers is rising around the world the mckinsey consulting group estimates demand for tech skills rise by 55 percent over the next decades. and on to some other business stories making the news. the home office foreman the son of an old boss carlos go on the has been raided by french and chief of police local media say the search was part of an investigation into gold's lavish marriage

celebration at the palace of versailles go on already faces charges of financial misconduct and is awaiting trial in japan. e.u. finance ministers have created to the outlines of a eurozone budget even if an exact sum is yet to be decided speaking with german finance minister a french finance minister. called the proposals a game changer that would improve the way the euro zone works but critics say germany has watered down french proposals which envision a more closely united euro set of the mayor also called in italy to clarify how it intends to avoid looming e.u. disciplinary action over its rising it's released its. oil prices have risen further on friday continuing thursday's trend to brant crude so a temporary north point 9 percent increase but it's flattened a bit since the day's peak oil prices had surged by as much as 4 percent following

an alleged attack on 2 oil tankers in the strategically important strait of hormuz . well german drugs and chemicals company by a has launched a p.r. offensive to counter the growing criticism over its weed killer round up the controversial key ingredient the life of say which is said to cause cancer round up was a top seller of us advocate nickel company monsanto and now belongs to buyer after a $63000000000.00 merger last year. buyer is making headlines once again following talks with politicians shareholders and environmental activists the company has conceded that it must make changes they promise to invest 5000000000 euros in research over the next 10 years to develop a more sustainable alternative to 8 in the p.r. campaign however by air is repeating it mantra for site is safe when used correctly and it wishes to continue selling the product but the very existence of this p.r.

campaign shows buyer is feeling the pressure of court cases in the u.s. have done particular damage to the company's image and their bank balance by a was sued for $2000000000.00 in my by a married couple who both got cancer and a further $13400.00 people have filed lawsuits their dented reputation is reflected in the share price which is almost halved in just one year shareholders are not happy. and they didn't hold back against see. the annual shareholders meeting and i pro they fear the acquisition of monsanto and with it the weed killer roundup could spell the end for environmental activists just as unhappy they pointed out the potential risks of glyphosate long ago. like not coal is dividing the greeks thousands of families live from the coal mines they can't even imagine a life without it others say the mines destroyed their livelihoods the change is

unstoppable and not coal is on the way out. of a stall is called the immediate works as a blaster in a mine that belongs to the state owned electric company his father works there too as an excavator driver upper stories earns 1200 euros a month to feed his wife and 2 children not much but he's grateful for the work 70 percent of the young people in the lignite region are unemployed 4 villages were evacuated to make room for the balkans largest mine including his family's. unit polish by the way get to work here is very important to us we feed our families with many people work here and almost all of them there was a family of his but. we did notice other big creamy is nikos 48 c.d.'s village the father of 3 farms the land here and raises live stuff his ancestral fields now belong to the company in 20113 me was supposed to be relocated but the energy company didn't want to pay the villagers feel betrayed.

if they took the field from us let them take the village to and we'll go 90 percent of the people here live from the fields of course there are some people in the village who work for the company but what about the other 90 percent. after putting that back up looking like. throughout this plane there are thousands of families who have worked in the coal mines for generations in 2009 lignite coal supplied 50 percent of greece's electricity but the number has dwindled to less than 30. 3 hours we'll need the coal. it fills me with all my fear when i think about what life would be like without lignite. but coal mining hasn't turned a profit here for a long time and on top of that. penalties for excess of a missions have more than triple in the last 2 years that makes coal energy unprofitable. for the. left. the company

is opening up a new power plant made with money in technology from germany it might be better for the environment but germany is just getting rid of its run down technology the mood is grim the village is crumbling and no one is investing their. equipment about human movie we were at a dead end the water is dirty we have outdated pipes with that specifies but nothing is happening nobody does anything nobody cares and we have to drink this water. up a stone he said his family have clean tap water to drink they were relocated to a new village 25 kilometers from the mine for them coal mining is a blessing for the others it's a curse. let's of the shanghai cooperation organization countries have been meeting in bishkek kurdistan for the group's $908.00 in

a joint declaration they pledged to provide security and stability in the region chinese president xi jinping indian prime minister narendra modi and russian leader vladimir putin also discussed their concerns about u.s. presidents on a trans protectionist trade regime china hopes to get india and russia on board to build a new multilateral trade framework. as the world population keeps growing food supply is going to be an even bigger issue next to grain vegetables fish and meat we should also consider insects a great opportunity for africa which has most of the world's edible bugs and scientists are now taking a closer look at them. grasshoppers and crickets fried and seasoned at filling meal for anyone but one that could take some getting used to. and it is a nice fact the. leaves to the sweetness and sort of mixed in this

space together. researchers at nairobi's international center for insect physiology have long study to nutritional value of the bugs insects aren't only a source of protein and healthy fast they're also this woman rich and raising them for food comes with no environmental impact. requests amount of lungs and car less a month of what on earth it was off conventional routes compared to quantify life the production of. thousands foot is less a model greenhouse gases means less got footprints and insects have utility beyond food they can also be used as 1st a liter canyon firmly organic raises black soldier fly larvae all they need are food scraps they're fully developed within a week and can be released into. the fields we process in 6. into a very simple and very small form fuck

a laser that contains all the minerals that solo's quiet for us plant so we want to eliminate the need of using multiple fatalities us and also want to consider whether it costs hundreds. of rising global population means resorts fullness is in order many scientists believe that rethinking insect use will be unavoidable in the future as this wraps up this edition of business africa here on t.w. from me on that in the end thanks for keeping us company. to .

africa. play time. in ghana merry go rounds for creating electricity and enabling pupils to study as to go. green solutions to find more. again 60 minutes. of it.

surely screw africa and the world the link to exceptional stories and discussion from the news and easy to our website d w that comes from africa join us on facebook w africa. this is the news africa coming up in the next 15 minutes i'll come africa money to its population growth the continent's 2nd most populous country has found one solution is it want to follow. the increasingly being watched and money ted everywhere in this electronic world many are comfortable with that spot in one township near cape town the citizens demand more surveillance not less. onto angola we meet some of the the.