d, w. stories that people for world over information. they provide opinions. they want to express d. w on facebook and twitter, up to date and in touch. follow us. ah, hello and welcome to a brand new edition of the 77 percent. this is the show for africa youth and i'm your host, mike lety. they say money makes the world go round, but what happens when you don't have any of it? yes, was coming up on today's show. on the streets of nairobi, we debate, while many young people are drawn in debt. we meet or wonder under printer who is staring young students towards their right career path. and nigeria and teams who

passed our little eliza house, a message for africa. girls can't do anything they want. let's kick off today. sure. with an observation. i've seen many young people in gunners. capital are crap glued to their mobile phones, placing bets on football games over the last decade. sports betting has become big business in africa. and us, we about to find out their sticks can be very high. some people like dennis more guy, have even had to sell dea last cook in port to place bets. let's find out more bernardino, tom. there's no suit of money than that. that's the sweetest and on a sweet, especially what he received the message you've worn local from. you feel like you're on to borne, but they're known as in getting sunny the house at winds. ah,

as i said, let them, i mean, lately, call myself a beating addict, you know, it's hard because i believe that's like a job. you know, let's say it's a job ideal but cannot do without unless i get better option. senior senior, georgia merchant got better option as arch michelle's at at t v. i have even sort of my television cell phone. but the funniest thing, how sword was hooking port to a friend and it was the only one i had for preparing a valet leak. while my dad i had to lay to him, but it was an immediacy issue. i wanted to saw just so i could give 200 shillings for beating or what not getting it his life new life can and gambling. my kid is a $1500000.00 in a in that i get my get has always been age between 18 and that to, for to that to fail. and on there, in the lease, compresses of our close to 80 percent of the gambling market. and that is on where

we've gone with a population less than most other countries. it's the internet penetration lit in a mobile can interest submitted good. another factor that has mid they can and markets grow very fast and better. so their and best be meant to model he's able to make $1000.00 deposit and withdraw east 20 over 80 percent of the option of this country's unemployed. and then the majority. so if i met you for an employed and then you see a better, and i'd wretched thing that if i bet i'm going to make some money and become rich, go off equal budd company come, the government will not bun bitten companies without giving us an alternative best bidding provides some sort of obama. you can win that money if you win, you will not need that is till adult. and if they bundled more people would result crime because only want is money $1.00 and the government does not provide such opportunities for elastic or what shape or design the biggest amount i have lost. i once 114 calcium shillings has been with through 7000 and left

a balance of 6700 into my account. that is a lot of money before your hostile and i'm of such money. i will need to have done a lot. for instance, i spend and at shillings a day for my meals a 100 times studied. that is $3000.00 would $6700.00 shillings that translate to 2 months and some days. this is me eating will fail. so losing these money, hard to the point i decided i was done with betting, but you know how it is your stuff. it might then promote coffee and you look and it was again, my lea, a cycle repeated zone on my game. if it all and betting is big enough in the company that want to invest in betting in africa, this is an h t m because country country is opening up in terms of the internet and the mobile penetration leads to them. or believe that better greets jobs july, what would better does kids force hope that you're going to win some money? and so you think because you're better, you're walking out watching, you're actually allowing someone to steal money from your form knowingly. if better

companies can fuss at mich to everyone, that veteran is harmful. it's dangerous in baking cubes. then you can talk about regulation now to make it safe for everyone. so us, we've just seen 20 years there to inter saelens. there can seem like nothing but really consistent sports betting can be a major challenge, but that's why the only reason why people are getting into debt at us are taking our laws for all sorts of reasons which eventually passed on and leads to crash and debt. so we asked you why some people would take out loans. they know they can't afford to repay. and yes, what you've been seen, nelson k, helen says the interest rates on small business loans are crazy. however, does not generally the reason young people struggle to pay them back. the main reason is a poor business plan. and classic mind, i'd be more law says the assistant is actually the problem that thinks we need to

take out a loan for should be provided by governments. we have hot, bad lead us, thus teal up money and national wealth. so it does seem like high interest rates on loans are a big problem across the continent. where on the streets of nairobi as that many young people are borrowing money simply to cover their daily spending and our very own edit, kamani engages in a very eye opening debate on why so many my robbins are finding themselves in a lot of debt with the 77 percent is back in a row, be kanyes capital and it is here that as of april last year, we were told that 14000000 loan accounts had been blacklisted by what we call the credit reference bureau. these are the people who basically determine whether or not to get credit, and for those people, they're at risk of either not getting financial services at all,

or getting limited access to credit. so we're going to start with emanuel, who is really a representation of what most kenyans experius been caught up in the dead cycle. so emmanuel in 2019 before cove, if you had a job as a waiter and then 2020 happen covey, do you lost your job? unfortunately? and i'm sorry. and then you decided life is too tough. i need to borrow money. so where did you go? i went to to bang to borrow 217000. and when you went to the bank, what did you say you wanted the money for? what? you honest, that you wanted to use this money for rent? no, i just bought the monk money to pay for some vacation. so use you like it to pay for service? i need the money about more. yeah, you are desperate sir. okay, i understand that. eric, you are in a similar situation, right. tell me what was the constance's led you to borrow to? of course they needed to do my stuff. usual established routine break for us for lunch. things like credit for new. know?

yeah. you of your girlfriend there, you have to you have your girlfriend story with comerica harvey. okay. well, that's interesting because what these 2 gentlemen are telling me is quite honestly surprising. the statistics from the digital the, the ation of kenya says that people borrow money primarily to invest in their businesses and then that you cation, but not necessarily for recurrent expenditure. people will not be honest with the reason for boring physically in most of the loans that are consumer based loans. basically the good to the current expenditure and most times because those loans to generate income and then default they're not paid. so basically you start choosing up after people who borrowed loans from you and basically put them into expenditure, waco, to buy for these, nothing that to get out of it, that money is consumed. you have a head to call to be tony. i'm coming to you, please don't run away because i could hear you me and, and i mean in the background. currently the interest rates on average and can are 24 percent for any money, but 24 percent is the average or any money borrowed. and usually when you're going

anything, the chance of you getting a 24 percent return on that investment is upset. it doesn't matter what you invest in gold to try. it doesn't work in a 30 day period. yes. so how do you expect people in the country that the middle income, like out the friends here to come up with a kind of capital you want them to come up with that period of time? okay, so let's come to the ladies here because you're both entrepreneurs and also relying on credit from banks, from maybe some of these mobile apps that we're hearing, you know, for you to wear a bank. you have to deposit in a buck your cash flow statements in and out to tell me the type of loan you get. so my 1st thought was something called lending ups. and then there's so many that i can start with, nor knows me. you know, none of my problems, i can start from that. would you credit the success of your business to use the capital injection to credit? yes. when you're fresh from school, your usually toil, please leave your money, you know, pocket money, but you don't see the essence of that and to different school. so you would usually

start learning the ropes and you realize, oh, so they'd lending ups and i personally would say be worked for me because i was able to find my business is especially operating expenses with the lending. ok. let me come to tony here for a 2nd because we're hearing that family and friends actually constitute the 2nd largest majority of where we get a credit form. this was astounding to me that before you go to a bank, you go 1st through a 3rd party who is until december unregulated and then you go to your family and friends, talk to me about that. yeah, over the last 10 years, digital ending having started in canada most difficult crazy. is that the regulatory framework for it? we 7 years too late. and i also think that when, over the last 7 and a half years when can take up showed up, it's when it moved from family and friends, and then institutional exact jama banks to finish up k b. s. can be a statistics has only 17 percent of the people between the ages of $23.00 and that is we have a business that makes them any form of money. so when you have

a 60 or 90 day credit system where you getting your money for ok, let's come back to eric because obviously eric, you are not boring from your friends. you are boring from these mobile lender that we're talking about digital lenders, and you go in there, you put in a couple of details. boom. they have all your information and you have your 2000 shilling. if you don't give them this money on time, what happens? okay, they take you then send you a couple of messages from your phone. even i stopped using one of the, one of me now mobile number because of the. now do i, you sending me messages, okay. you mind you have, you had a similar experience with people. well, you know, calling calling you threatening you with things what, what was the experience when it came to the collection of the most friends that live with their money, the stuff to handle them. so if they're coming out they picked elevation, so it was your friends who are actually coming to your house. busy to take items that will of significant value in order to repeat them. so now up them on. yeah,

i want to come back to just for a 2nd, because i think basic economic theory states that a person who lives money must be prepared to not get back in return. should the lenders, the washington's of this world, assume some degree of risk. and therefore, the question of you have to pay your debt. is it really accurate the person that is lending your money? they're spending so that they can lend you money. so it doesn't make any sense that if they get into a contractual a goodman to do that, you fulfill this and they fulfill my part of the obligation come on just so let's not kid each other. we've just heard that people are using text messages, calling you employers to harass you, but by that's what you got into when you agreed to the terms of the engagement that you got into. if a contract no. the family. no, no, no, no, no, no, no, tony says on norway only got a data protection act, a single individual from having their phone scraped in their details used for anything but without clients without consent. and even when they ask you for

consent, they still cannot use your data against you. they can use your data for creating credit score systems or anything like that. the can check all of these things, but no one should be allowed and no one can be allowed to come and use your information against you to call your mom or your best friend or your husband or your wife. it's illegal, flat out simple. let's come to the educator olive solutions. my 1st solution, e books. you know, there are quite a read on it. said i hiding from mission in books because africans will not read them. if books are not your thing, right, just go to google and decide every money. i'm going to you such 10 articles about boring, 10 articles about managing money and in the final $1.00 at the point across is mindset. let's or not to, yes, i didn't have money i borrowed, but can i also have the respect to at least be bought out? yeah. graham washington, very quickly. solutions. so i think from a very tender age, as, as, as parents and the people are growing up, we need to be connected to the cultural, financial management and ourselves. so that even when it comes to boring physical, you can not. so i went from that. but when you're boring,

you're boring for that. i to papa. yeah, you're boring. what to contribute to repeat, but within your means and also we need to learn to how to really within our me. well, thank you so much. this has been such a wonderful and inciteful debate. i've learned so much. it's felt a little bit like an economic class. i don't know how you felt, but if there's anything i've learned is that it's not that clear cut is destiny comic issue or a social one. to be honest, i still don't know, but i know that i'm thankful that you're watching a santa santa thing. so thus requesting, relieving you with is that an economic or a social issue, let us know what you think. and as always, you can watch a longer version of this street beat on our youtube channel. the best way to make sure that the young people don't get trapped in their bed cycle in the 1st place is to provide them with well pain jobs. but we all know that find in your dream job isn't exactly a walk in the park. so let me introduce you to alan. can don't go that kigali bass

enter for now. help assess students on the right career path after graduation. ah, why did i come back? and i knew from the moment i realized there was a problem in our workforce here in one that i have no, it's something that been me and my mind if i went out and i tried thinking that you know, when you're not fully invested in something, it's hard to kick it off and get it my name is and then kinda found and i found that much we are working to close the schools, go up to korea, guidance, and current focus for students. the are for in gun the

growing up in a different culture, pushes you to be more adventurous in the way because you learn the language and culture, you explore different things. ah, i do remember when i moved to wanda present greed also feel like there's a culture shock for them me. ah, after it is my high school i good and continue to study abroad. i went to the in the us where i did my undergrad before i left for school. i knew i was going to come back what i was going to come back to do was the whole time the phone to go. then when i got there, that's when i figured there's a problem and i consulted. ringback people have a perception of what america is, but i think when you get that you see reality see both sides to the story which you don't get. i was in no way like really mind blown by that full man. but i was also

shocked at how much you need to they also after i worked for yeah, in new york and then jumped right in. oh. so the problem doesn't turn on this much of a lack of skills for young graduate. and also the mismatch between what can last want and what students have to or graduates have to offer our education system changes really fast in that quick change doesn't give a lot of students time to learn, just to feel confident in the skill sets that they have but the other part also come from, you know, employment space and employers not really putting investment in value on preparing the next generation of workers who go out

we learn from, you know, industries, practitioners. we bring that and we fill it in, you know, students over time people in that quest, if the adel having functioning, career centers within education, to show that not waiting for people to graduate and then we think about how to best present for the market. my adverse to anyone with abroad and they are thinking about coming back. if you hire it tells you to do it. do it the worst case manual you try something, it doesn't work. you people to do something else take. maybe you don't have to jump right in, you know, come to stay. so i hope can do a half if you to go out there and never give up on london the job you've always dreamed about. but let me be honest with you. not everyone will find on his job. so

have you can see that famine is the biggest source of employment in africa. and now with new technology, it means that it could just be your big brick. but don't take it for me. rebecca moore is a tech savvy farmer who when the feels by her mobile phone, let's had to you, but to find out more in agriculture is a big business in line area. whether you're plucking peppers or harvesting tomatoes or something for everyone's table and taste. but farming is also cool and becoming tech savvy. now, you can even manage acres of land using nothing but your mobile phone. and rebecca, i'm old, is the brains behind the operation for causal and just colemander. and i shall put out for their basic needs for their home. but currently we have

a whole class of people wanting to be part of the fun from this one program. currently we have over 10000 subscribers. rebecca is actually a computer science graduate. she wanted to find a technological solution to form an inefficient after seeing her mother and other families battle for many years. she originally founded way and more forms in 2016 to solve the post office waste problem. but during cove it she witnessed many nigeria struggling to buy food, the cell phone, the phone program was launched during the holiday week of the coven. 19 funding was created this point. and it's interesting and cultural. and to also create empowerment for the masses, especially dudes. and showing the end of a studio from the photo from rebecca who found that the african wealth initiative with other young professionals to create the program that allows everyone to participate in forming and with the benefits. i put in because my morning walk

from me having a reliable team do something and i get the benefit out of it, which was lovely. i still try to from, from your phone because it is actually, it's, it is a for me i can, if i'm on my phone instead of going to farm. so wrong piece and then i'm getting my income or need i need for been in the market for remote for i mean is booming and rebecca is making sure that quality control is a top priority. for instance, she and her team a keeping the use of pesticides to a minimum. we carry her soil analyses. what are analyses restore the pavilions, pests iraq, any climate and diploma conditional the please? that helps us understand the balance they exist in the environment already. so that help shows a neuro and the kind of an organic process to follow some water and reduce the

attack whole pest on to increase productivity. and that's how you go farms to market. in the 21st century, rebecca and her team have made it easier than ever to become a farmer with a swipe of your finger instead of a fickle from it. but um, let's head down to legals this, this plenty of people make a living from youtube, instagram or take talk. if you're 30, you might struggle to wrap your head around this idea. so sit back and let 9 year old instagram sensation little lisa, explain a pen, everybody. i am a john or yet you're anywhere in lagos, nigeria. so they're on dallas off mute. we are jerry night out. martin said lisa, it will be in that we hear widely known as lisa a. why did you change the lyrics of the songs that you re

mix? i changed it because i want it to be simpler for people to on this. for kids like each to understand i why do you think in evil? i think any will because i'm a corrective, we'll go unzip awful to to keep my language alive. how do people react? when do you hear you singing the pool? if we are like, wow, this is amazing. i knew that this girl from equal tribe. and if you don't, the 1st are stick, read in the woods. so i remember i did a cobra full finnow hi week by him. a guy diaz applicable good. they want to level of and i'm with them there. so listen, look at it, go. i love our confidential much is really smart, i believe. and i pre day to get house only and future i a go

child is normally beaten, the kitchen begun. but the speeches deemed like dancing, singing, being a lawyer acting, and so on. so i say, once again, i'm new to the go child. who few on the stand a has we created several songs given them new lyrics. now we'll wait for the next challenge to see her as a science is on engine. yeah. to recreate. i'm positively judge world around her. from lagos, nigeria, i am ange, out on unique way. i love you all. so all of you about that he's all day. i hope lisa hoss inspired you to give social media a try. and of course we are already on instagram,

youtube on facebook. if you haven't liked our pages yet, what i waiting for a part of the subbing to 70 percent family. and we hope today's show has given you some tips on how you can set the pressure old debt and be your own boss that set for this week. but before i go test a little surprise for you. this is little alyssa, but a cover of luigi and sizes, upper beach. hit one lisa. my name is mike latino. thanks for watching. i

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india, a city growing at breakneck speed at the expense with the younger band when we got an eviction notice where our family, a megacity wound by, from slums to skyscrapers in 75 minutes on d. w ah, happiness is for everyone. human penises are very different from primate penises. we have a totally ridiculous romanticized view of nature. and david and this is climate change, regulate sex, who happiness in 3 books. you'll get smarter for pre d w books on you to on the green. ah,

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ah ah, this is dw news live from berlin. the red cross says it's trying again to get people out of the devastated ukrainian city of murray. the organization says it's attempting to bring aid and evacuated civilians from the 4 towns the earlier they were forced to turn back due to a lack of security guarantees. also on the show, a potential breakthrough in yemen, united nations broker.