ah, discover the world around you ah, subscribe to the dawn documentary on you to ah, hello and welcome to a brand new edition of the 77 percent. this is the sure 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 nigerian team

superstar little eliza has a message for africa. girls can't do anything they want. let's kick off today. sure. with an observation. i'll see 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 mom, guy have even had to sell d. i last. cookin, bought to place bets. let's find out more. no, no, no, there's no pseudo money. them that does the sweetest and on a sweet, especially when you receive the message you've worn local from. you feel like your new born, but they're known as in britain. it's only the ausa twins. ah,

as i said, no less am i meaning lately equal myself a beating addict? you know, it's hard because, i mean that's like a job. you know, let's say it's a job job i cannot do without unless i get a better option financing as you either my to negotiate that option as elijah michelle's at at t v. i have even sort of my television cellphone. but the funniest thing, how sword was appleton port girlfriend 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 at mit issue. i wanted to saw just so i could get 200 shillings for beatings or whatnot. and it is life. neal, i can 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. and that leaves compresses over close to 80 percent of the gambling market. and that is on where we've gone with the population less

than most of the countries. it's the internet penetration lit in a more welcome interest of little get another factor that has mid they can market grow very fast and better. so there and better be meant to model. he's able to make $1000.00 deposit and withdraw his fancy over 80 percent of the option of this country is unemployed. and then the majority. so if i met you for unemployed, and then you see a bernard ratchet, think that if i bet i'm going to make some money and become rich ha cycle budd company come the government for not been bitten companies without giving us an alternative path. bidding provides some sort of obama, you can win that money. if you win, you'll not need that was still on the bond. it more people would result crime because only want is money that and the government does not provide such opportunities for elastic or worried shape or design the biggest amount to have lost. i once 114 calcium shillings been withdrew 7000 and lift

a balance of 6700 in the my account. that is a lot of money before your hassle and i'm on 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 with 6700 shillings. that runs less to 2 months and some day. 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 used of what might then to morrow coffee and you look and again i, li, 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 internet and mobile penetration leads to them. or 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 betting you're walking out walking, you're actually allowing someone to steal money from your form knowingly. if better

companies can fuss admission to everyone. that veteran 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 too into silence. there can seem like nothing but really consistent. sports betting can be a major challenge, but that's not the only reason why people are getting into debt at us arctic and our laws for all sorts of reasons which eventually passed 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 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 things we need to

take out a loan for should be provided by governments. we have hot bad leaders, thus teela money and national wealth. so the 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, kimani engages in a very eye opening debate on why so many nairobi. ants are finding themselves in a lot of debt. ah, 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 have 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's reading 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, 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? well, 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 sucrose? i need the money or that more. yeah, you were desperate sir. okay, i understand that eric, you are in a similar situation. right. tell me what. what was the constance's led you to borrow it? of course i needed to do my stuff. you shall establish old routine, break for us 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. if you don't perform, she lives, oil, everything to make. okay, well, that's interesting because what these 2 gentlemen are telling me is quite honestly surprising. the statistics from the digital lender that the patient kennedy 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 honest with the reason 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 to not generate income and then default if they're not paid. so basically you start choosing up after people who borrowed loans from you and basically put them into explained it way close by for they use nothing that to 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 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 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 i've been friends yet to come up with a kind of capital you want 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 bug your cash flow statements in and out mean the type of loan you get. so my 1st thought was 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, you're usually toil. please leave your money, you know, save money,

but you don't see the essence of that. and to give you a new school. so you would literally started learning the ropes and you realize, oh, so they'd lending ups and i personally would they worked for me because i was able to find my businesses, especially operating expenses with the lending. okay. 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 our credit form. 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 of digital ending ups have exploded in can in most artistically crazy. is that the regulatory framework for it? we 7, yes, too late. and i also think that when over the last 7 and a half years when fintech ups showed up, it's when it moved from family and friends and then institutional exact chalmers and banks to finish cups. k b s can be such a success. only 17 percent of the people between the ages of 23 and that 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. okay, let's come back to eric because obviously eric, you are not boring from your friends. you are boring from these mobile lenders by talking about digital lenders. and you go in there, you put in a couple of d, don't give them this money on time. what happens? okay, it takes to then send you a couple of messages on her phone. even i stopped using one of them, one of me now mobile numbers because of their da da da sending me messages. okay. emmanuel, have you had a similar experience where people were, you know, calling calling you, threatening you with things what, what was your experience when it came to the collection of your debts, missouri friends that linda made their money to staff to handle them. so if they're coming out, they picked elevation. so it was your friends were actually coming to your house. yeah. to take items that were of significant value in order to repeat themselves. now up them, and yet i want to come back to just for

a 2nd. because i think basic economic theory states that a person who lends money must be prepared to not get back in should the lenders, 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 you 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 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, 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 no away, 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 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 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 you 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 to 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 us. 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 learnt though 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 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 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 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 that 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've come 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

a way because learn the language and culture. you explore different things. ah, i do remember when 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 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 gave. i was in no way like really mind blown by that full man. but i was also

shocked at how much you need. they also after i worked for a year in new york and then jumped right in. oh. so the problem doesn't transfer can this much is 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 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 to the putting investment in value on preparing the next generation of workers. so go out

we learned from, you know, industries, practitioners. we bring that and we still it, you know, students are over time. people was that to grass if the idea of having functioning, career centers within education institutions and not waiting for people to graduate . and then 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 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 my area. where they are plucking peppers or harvesting 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 all the brains behind the operation for causal and just connor. an actual, difficult for their busy commitment at 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 subscriber. rebecca is actually a computer science graduate. she wanted to find a technological solution to form an inefficiency 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 witnessed many nigeria struggling to buy food. the phone from the 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 them for the masses, 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 a 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 cried from from your phone because it is actually, is it is a for me, i can, if i'm on my point instead of going so far to wrong piece and then i'm getting my income or need i need for been able to hear 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 keeping the use of pesticides to a minimum. we carry her analyses, what are analyses restore the pavilions, pests iraq, any climate, and for 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. so 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 your new way in lagos, nigeria, today on down on mute. we are the jury. 9 year old martin said lisa, it will be in that we hear widely known as lisa, lisa, a. why did you change the use 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 all 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 knew and i this girl from equal tribe. and if you 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 worn, the level of freedom with them dazzle was one with a girl gravel. i love our confidential much. she's really smart. i believe on a 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 scene gene being a lawyer acting and so on. so i say once again, all new to the go child, hope you understand a has we created several songs, different damn new lyrics. now we'll wait for the next challenge to see her as a scientist or us on 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 the 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 pressure of 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 luigi and sizes. appro beats hits one a lisa. my name is mike latino. thanks for watching with

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[000:00:00;00] with who beach in new york neighborhoods known as little odessa. because of the many immigrants from ukraine. but people from russia, i also live here and they show that there is a common ground understanding and friendship global 3000 in 30 minutes on

d. w. doing business with russia for many international companies. that's no longer an option since the war began. they support the sanctions against routine and accept losses in the billions but some are boycotting the boy a made in germany 90 minutes on d w. what making the headlines and what's behind them. dw news africa. the show that was the issues in the continent live are slowly getting back to normal. yeah. well, in the streets to give you in the report on the inside our cars, funds is on the ground reporting from across the continent and all the trend stuff . mazda u. t. w. news africa every friday on dw,

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 and the author accompanies a cell, a fist family in more than syria insights into the isolated world. of radical islamists and into a spiral of violets, without in a film about family, faith, masculinity. so fathers and starts april 16th on d,

w. ah ah, there's a dw news alive from berlin, ukraine's president demands russia is brought to justice. president lensky calls on the you went to act now to stop the war. after images of a civilian, a massacre shocked the world was how poor moldova, one of europe's poorest countries is struggling to host large numbers of ukrainians between war western countries. the pledge hundreds of millions of euros in 8