on d w. how about taking a few risk? you could even take a chance on whoa, rearing to lou. don't expect to have the ending literature list. germany. hello and welcome to a brand new edition of the 77 percent. this is the show for africa youth and i'm your host, michael o t i. 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 our wonder under printer who is staring young students towards their right career path. and nigeria and teams who

passed our little eliza hath 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 gwinnett 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 there. sticks can be very high. some people like dennis mom, guy have even hard to sell dea last cook in port to place bets. let's find out more bernardino, tom. there's no pseudo money than that. does the sweetest stand on a sweet, especially when you receive the message, you've warned welcome. you feel like you're going to burn, but they're known as in getting sunny the house at winds. ah,

as i said, no less am. i mean, lately, li, 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 do, but cannot do without unless i get a better option. senior senior, georgia might sneak up at that option. massage michelle's at at t v, i have even sold my television cell phone. but the funniest thing, how sort of was open port to a friend. and it was the only one i had for repairing a gun, a leak. while my dad i had to lay to him, but it was an immediacy issue. i wanted to saw that and just so i could get 200 shillings for beating us or whatnot. it is life new life. and then gambling market 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 there. and these compresses over close to 80 percent of their gambling market. and that he's on, while we've gone with

a population less than most of the countries, it's the internet penetration lit and a mobile can interest of needed get. another factor that has mid there can, and my kids grow very fast, is and better. so there and pick up a mental model. he's able to make $1000.00 deposit and with joyce 20 over 80 percent of the option of this country's unemployed. and then the majority. so you find that you were unemployed. and then you see a britain, i'd rather you think that if i better, 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 for best bidding provides some sort of obama you can win that money if you win, you will not need that is to ludlow. and if they bundled, more people would result crime because only want is money one and the government does not provide such opportunities for elastic or world shape. or there's i the biggest amount to have lost. i went to one foot in pelham ceilings and been

withdrew 7000 and left a balance of 6700 in my account. that is a lot of money before your household and i'm a 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 day. this is me eating will fail. so losing this money, hard to the point i decided i was done with betting, but you know how it is you still for might than promoting your coffee and you look and again, i cycle repeatedly on, on my game. if it only betting is big enough in the company that want to invest in betting in africa, this is an aged him because country country is opening up in terms of the internet and the mobile penetration leads to them all believe that better gets judged ally would would better, does kids force hope that you're going to win some money? and so you think because you're betting you're watching the walking, you're actually allowing someone to steal mine from your form knowingly. if

beckoned companies can fuss admitted to everyone. that betten is harmful, is dangerous in baking cubes. then you 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 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 looms 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 nairobi. ants 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 $14000000.00 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 there 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 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 debunk, to borrow 2007000. 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 money money to pay for some vacation. so use you like it to pay for. suppose 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 is lead you to borrow 2 of because they needed to do my stuff. usual established routine breakfast for lunch. things like credit for new. know?

yeah. you of your girlfriend. there you have. 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 that the patient can says that people borrow money primarily to invest in their businesses and then that you cation, but not necessarily for recurring to 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 the current expenditure and most times because those loans do not generate income, then then default they're not paid. so basically you start choosing up after people for borrowed loans from you and basically put them into explained its way close by for there is nothing that you get out of which 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 i'm, i'm being in the background. currently the interest rates on average and cannot 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, 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 where 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 something called lending ups and can 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, to use the capital injection to credit? yes. when you're fresh from school, you're usually told please have your money,

you know, save money, but you don't see the essence of that until you're finished school. so you would literally start 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 operating expenses. we. linda ok. let me come to tony here for a 2nd because we're hearing that family and friends actually close to 2 to the 2nd largest majority of where we get a credit from. 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, i've extended 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, exactly jama 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 to handle them? so if they're coming out, they pick television, so it was your friends who are actually coming to your house. yeah. to take items

as well, 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 it back in return. should the, does the washing tons of this world, a seal, 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 their part of the obligation. come on, joshua, let's not kid each other. we've just heard that people are using text messages, calling you employers to harass you, but, but 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, or norway only got a data protection act. every 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. the 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, call 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, you're feeding, right? just good to will and decide every money. i'm going to do such 10 articles, about boring 10 articles about managing money. and then the final one, a 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. 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 inculcate the cultural, financial management and ourselves. so that when, when it comes to boring musical,

you cannot. so i went from that. but when you're boring, you're boring for the right to pop up. yeah, you're boring, 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 learned 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 thus questing, relieving 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 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 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 do got that kigali bass enter for now. health 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 didn't let me in 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 wrapped. my name is and then kinda found. and i found that much, we are working close the skills, go up to korea, guidance and current 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. and i moved to one that surprisingly also feel like there's a culture shock for them me. ah, after i finished 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 in 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 clip is 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 need they also after i worked for a year in new york, couldn't jump right in. oh, so the problem does turn on this much of the 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 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 at the idea of having functioning korea fences 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 sick. 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 i'm of 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 had to you, but to find out more in agriculture is a big business in line area where they are plucking peppers or harvest and tomatoes . that's something for everyone's table and tastes. 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 called wanda

initial. typically for their basic needs for their home. but currently we have a whole 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 a technological solution to farm and inefficiencies after seeing her mother and other from a 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 witness many. nigeria is struggling to buy food we found from your phone program was launched during the holiday week of the coven. 19 funding was created this point, and use interest and cultural. and to also create empowerment for the masses, especially dudes. and showing the end of a studio from the conference from rebecca who found that the african wealth initiative with other young professionals to create

a program that allows everyone to participate in farming. 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 that try me is it was a for me, i can, if i'm on my phone instead of going to farm. so one 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 analyses. what are analyses restore the prevalence, 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,

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 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 angel or yet you're anywhere in lagos, nigeria today on down on mute. we are jerry now. yeah. old martin said lisa, it will be in that we widely known as lisa lisa,

are you sure? why did you change the use of the songs that you re mix? i changing 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 correct. it will go, unzip awful 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 knew that this girl from iep will try and do them. the 1st are stick, read in the woods. so i remember i did a cobra full finnow hi week by him. a good idea of luca dave won the level of them with them. docile was look at it, go. i love our confidential much is really smart. i believe when i pre day to get

house only and future i a go child is normally beads in the kitchen. the kung. but the speeches, things like dancing, singing, being a lawyer acting and so on. so i say once again, i'm new to the go child. hope you understand a did you were when i bring the answer to lisa has we created several songs given them new lyrics. now we'll wait for the next challenge to see her as a scientist. oh, as an engine? yeah. 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 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's set for this week. but before i go past a little surprise for you, this is little alyssa, but a cover of luigi and sizes are 4 beats heads. one a lisa. my name is mike latino. thanks for watching. i

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ah! with a war is raging below. what about up here to the international space station, a cooperation between the usa, russia, and many other countries. the violent invasion of ukraine is overshadowing international partnership is peace in space also under threats. to morrow to go to the ball. in 30 minutes on d,

w. o, how many push it out in the world right now? climate change very cost the story. this is my flex, the way from just one week. how much work can really get we still have time to go. i'm going on with his subscriber, along with the conflict zone with sarah kelly. i put the tough questions to those in power, challenging the key players face to face. it's real and hard hitting debate that goes beyond the jargon and helps us better understand what's really going on. holding the powerful to account, getting to the truth,

that the conflict of conflict on d w. a, we're all set to go beyond a as we take on the world. we're all about the stories that matter to whatever it takes to least meant follow with on fire made for mines. ah

ah ah, this is dw news coming to live from berlin. russia is accused of war crimes around chia as gruesome evidence for mergers. general soccer is the most outrageous authority atrocity of the 21st century. ukraine says the bodies of more than $400.00 civilians have been found showing signs of abuse. spend torture. the wes condemns the killings and threatens even harsher sanctions in response. also coming up.