ah, d w. so he was there with love on banning things away from that, but i'm not even know how to work my own car and everyone with later holes in every day. first getting, are you ready to meet the german? then join me, rachel stuart on d. w. 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 lew t with 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 one down until foreigner who is staring young students towards their right career path. and nigeria and team superstar little eliza hath a message for africa, girls can do a new thing they want. let's kick off today. sure. with an observation. i've seen many young people in garnish 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 asked me about to find out there. sticks can be very high. some people like dennis more guy, have even hard to sell dea last cookin port to place bets. let's find out more. no, no, no. there's no pseudo money than that. that's the sweetest, silly, sweet, especially when you receive the message, you've warned welcome. you feel like you're on to borne, but then organizing, getting sunday the house at twins. wow.

i left them on the nightly 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. i gilbert 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 saw my television cell phone. but the funniest thing, how sword was open port to a friend, and it was the only one i had for putting a gun, a leak while my dad i had to lay to him, but it was an immediacy issue. i wanted to saw just so i could get 200 shillings for beating or what not getting it his life new life can then gambling. my kid is a $1500000.00 in a in that i get my get has always been in between 18 and that to, for, to that to fail. and on their, in their lives,

compresses all of our close to 80 percent of their gambling market. and that he's on where we've grown with our population less than most of the countries. it's the internet penetration lit and a mobile can interest submitted. another factor that has mid there can and my kids grow very fast, is and better. so there and better 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 you find that you for an employer, and then you see a better, and i'd rather you think that if i better, i'm going to make some money and become rich. go off, local 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 like crime because only want is money 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 been withdrew 7000 and left a balance of 6700 in my account. that is a lot of money before your household and i'm of such money. i will need to have done a lot. for instance, i spend 100 shillings a day for my meal only. so 100 times 30. that is 3000. would 6700 shillings. that translates 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 bidding, but you know how it is your stuff. it might then promoting a coffee and you look and it was again, my lea, a cycle repeated on my game. if it all and betting is big enough in the company that want to invest in betting in africa, this is that aged him because country country is opening up in terms of internet and the mobile penetration leads to them all. believe that better it's just a lie. what would better does kids force hope? you're going to win some money. and so you think because you're getting your wacky

not working, you're actually allowing someone to steal money from your form knowingly, if beckoned. companies can fuss at mich to everyone. that veteran is harmful. it's dangerous in baking cubes. then we can talk about regulation now to make it safe for every one. 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 arctic and our laws for all sorts of reasons which eventually pass on and leads to crush in debt. so we asked you why some people would take out loans, they know they can't afford to repay. and here's 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 teela money and national wealth. so it does seem like high interest rates on loans, 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, kimani engages in a very eye opening debate on why so many nairobi amps are finding themselves in a lot of debt with the 77 percent is back in a row b 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's 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 happened 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 monkey money to pay for some vacation. so use you like it to pay for sucrose? i need the money about more. yeah. you are desperate. 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. you should establish hold 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 there. you are borrowing to take care of your girlfriend. no. you know, if you don't perform, she moved with comerica harvey. okay. well, that's interesting because what to gentlemen are telling me is quite honestly surprising. the statistics from the digital lender, the the asian kennedy says that people borrow money primarily to invest in their businesses and then that occasion, but not necessarily for recurrent expenditure. people will not be harnessed with verizon for boring, basically in most of the loans that are consumer based loans. basically the good to we got into expenditure and most times because those ones do not generate income, then then defaulted, they're not paid. so basically, substituting after people who borrowed loans from you and basically put them into explained it that way close by for there is nothing that you get out of which that money is consumed. you have a head to go to tony. i'm coming to you,

please don't run away because i could hear you me in and i mean in the background. currently the interest rates on average and can are 24 percent for any money, but 24 percent is average or any money borrowed. and usually when you go in anything, the chance of 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, the middle income, like the friends here to come up with a kind of capital you want them to come up with that period of time? ok, 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. mean the type of loan you get. so my 1st thought was there's something called lending ups and then there's so many there you 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, right, keep the capital injection to credit. yes. when you're fresh from school,

your usually toil, please save you money. you know, save money, but you don't see the essence of that until you're finished school. so you would literally started learning the ropes and you realize, oh, so they'd lending ups and i personally would be be worked for me because i was able to fund my business is especially pretty expensive. we. linda 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 for them. this was astounding to me that before you go to a bank, you go 1st to 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 lending, authentic sorted in can and 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 finished up showed up, it's when it moved from family and friends and then institutional exact codes,

chalmers and banks to finish up k b. s. can be a statistic says only 17 percent of the people between the ages of 23 and that if you 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 few, then send you a couple of messages from your phone. even i stopped using one with one of me now mobile number because of the. now they're sending me messages. okay? you manual, 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 are coming out the big television,

so it was your friends who are actually coming to your house to take items that will of significant value in order to repeat them. so no of them on yet. i want to come back to just for a 2nd, because i think basic economy theory states that a person who lives money must be prepared to not get it back in return. should the leg, does the washing tons of this world are sealed, 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 engagement, 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 that's what you got into when you agreed to the terms of the engagement that you got into is a contract? no. the family? no, no, no, no, no, no, no, tony says no away, only got a data protection. every single individual from having to phone scraped in their

details, used for anything but for the results. 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, call 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 eve book, you know, these are quite a read on it. said i hiding from mission in books because africans when i read them, if books are not your thing, right, just good to will and decide every money. i'm going to you such 10 articles about boring 10 articles about managing money. and then the final one point across is mindset. let's or not to yes, i didn't have money i board. but can i also have the respect to at least be bought out? yeah, i agree. yeah, 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 inculcate to the cultural, financial management and ourselves. so that when, when it comes to boring musical, you cannot, i went from that. but when you're boring, you're boring for the right to pop up. your body want to contribute to repeat, but within your means and also we need to lunch hopefully within our me. well, thank you so much. this has been such a wonderful and inciteful debate. i've learned so much a little bit like an economic class. i don't know how you felt, but if there's anything i've learnt is that it's not that clear cut is debt. any 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 that's a question we're leaving you with. is that on economic or a social issue? let us know what you think. and as always, you can watch a longer version of this street debate on our youtube channel. the best way to make sure that the young people don't get trapped in that bed cycle in the 1st place is

to provide them with well paying 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 got that kigali bass until 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 london. i have know that it's something that been me and my mind even went out and lay fred things in 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 the time that i've come that much. we are

working close the skills, go up to korea, guidance and career focus for students. i was born in uganda, 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, surprisingly also feel like there's a culture shock and awe. after i finish my high school, i good an opportunity to study abroad. i went to study in the us where i did my undergrad of the phrase and left for school. i knew i was going to come back what i was going to come back to do was the month of 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, you see both sides to the story which you don't gave. i was in no way like really mind blown by that false man. but i was also shocked at how much need they also after i worked for a year in new york and then jump right in. oh, so the problem, the transfer of ton, this much of a lack of skills for young graduates. and also the mismatch between what can last want and what students have to or graduates have to offer a our education system just really fast in that quick change doesn't give a lot of students time to learn to just to feel confidence in the skill sets that they have but the other part also comes from, you know, employment space and employers not with the putting investment in value on

preparing the next generation of workers. so go out we learned from, you know, industries, practitioners would bring that and we still it, you know, students are over time people that took less if the idea of having functioning, career centers within education institutions and not waiting for people to graduate . and we think about how to best prepare them for the market. my advice to anyone who is abroad and they are thinking about coming back. if you hire it, tells you to do it. do it. the worst case scenario is you try something, it doesn't work. you people to do something else, they maybe you don't have to jump right in. come to the water. so i hope can don't

get hospice bad. you to go out there and never give up or london that job you've always dreamed about. but let me be honest with you, not everyone will find an office job. so have you can see that farm in. it's the biggest source of employment in africa. and now with new technology, it means that it could just be your big, big, but don't take it for me. rebecca moore is a tech savvy farmer who west feels by her mobile phone. let's had to you, but done to find out more in agriculture is a big business in my area where they are plucking peppers or harvesting tomatoes. that's something for everyone, 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 chelsea kobuck.

and i feel good for their basic needs for their home. but correctly, we have a class of people wanting to be part of the fun for me. one program. currently we have over 10000 subscribers. rebecca is actually a computer science graduate. she wanted to find that technological solution to form an inefficient after seen her mother and other farmers battle for many years. she originally founded way and more forms in 2016 to sell the post office waste problem . but during cove it she witnessed many nigeria struggling to buy food. the phone from your phone program was launched during the holiday week of the course, 19 funding. it was created this point and use interest and cultural and to also create them for the month. especially dudes and ensuring the end of a studio from the conference 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 for me, having a reliable team do something and i get the benefit out of it, which was lovely. i tried to find from your phone because it is actually, it is a for me, i can, if i'm on my point instead of going so far wrong piece and then i'm getting my income or need anything with 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 analysis restore the pavilions, pests iraq, any climate and diploma conditional, the police 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, to water and reduce the attack whole pest and 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 vehicle from you. 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. tell everybody i am angel or yet you're anywhere in lagos, nigeria today on down on mute. we are jerry night out. martin said lisa,

it will be in that we hear widely known as lisa. lisa, a. why did you change delirious of the songs that you re mix? i changing because i want it to be simpler for people to on this for kids my each to understand. i why do you think in evil? i think any will because i'm a correct. it will go, answered paul, for to, to keep my language alive. how do people react? when do you hear you sing in the hall? if we are like, wow, this is amazing. i don't, i does girls 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 dave. all the level of them with them there. so listen, look at it,

go. i love our confidence so much. she's really smart. i believe when i pre day to get house only in future i go, child is normally beaten, the kitchen. begone. but the speeches, dean's leg dancing, see jean, being a lawyer acting and so on. so i say once again, i'm new to the go child. hope you on the stand, a has recreate at several songs, given them new lyrics. now we'll wait for the next challenge to see her as a scientist. oh, as an engineer to recreate. i'm positively judge wald 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 sub in to 70 percent family. and we hope today's show has given you some tips on how you can set the personal debt and be your own boss. that's set for this week. but before i go test a little surprise for you. this is little alyssa, but a cover of legit and sizes. appro beats hits one elisa, my name is michael ot, thanks for watching with

ah, with

ah ah, with a can logically advancing spacious. and most importantly, a wide range. the new mercedes e q, e. the electric vehicle has a lot going for it. ah, but will the car hold us on a test drive? read?

30 minutes on dw blue with every journey begins with the 1st step and every language with the 1st word, louis pinnacle. rico is in germany to learn german. why not learn with him simple online, on your mobile and free to shop. t w's, e learning course, nico speak? german made easy. ah

ah, what does war do to people are hatred and violence inherited from generation to generation. and award winning documentary searches for answers for 2 years. the author accompanies a cell of fist family in northern syria insights into the isolated world of radical islamists and into a spiral of violets. without in with a film about family. faith, masculinity of fathers and sons

starts april 16th on d, w. ah ah, this is dw news live from berlin, fighting back ukrainian forces say they have retaken the entire cave region. the soldiers moving into villages and towns around the capitol find scores dead civilians also coming up. miss isles hit the strategic port. city of odessa. people in the ukranian city wake up to the sound of explosions and black smoke filling the sky. ukraine's government says tough bottles in the south.