round reporting from across the continent, all the french doesn't matter to you. in 60 minutes on d, w, these places in europe are smashing all the records. stepped into a bold adventure. it's the treasure map for modern globetrotters. discover some of you to record breaking sites on your back too. and now also in book form. hello and welcome to your favorite program that 77 percent. i am your host, eddie, my god junior. with. now this episode is all about inflation. what happens when your money is wet? less and less every day? the up, a lot of us are feeling it in our pockets. they thought africa. we find out how

inflation impacts informal markets. in our street debates flourish. drucquer, i asked nigerians how the coping through and economic prices. and in lagos, we get up to speed with a risky trend of currency trading with. now let's jump straight into it. what exactly is inflation? let me break it down for you. now imagine you often get a bag of rice foresee to dallas, but now you have to pay for dallas for the same bag of rice, the cost of living has increased, but your income remains the same. that's inflation, and it's rising all around a wild and sought africa. there's not left out. so many people are turning to the informal economy to so by, for example, to avoid taxes,

which makes prizes of goods cheaper by the so called black market that sells stolen or counterfeit googe is also booming. and that is dangerous. here's why. ah, inflation has it a 3rd junior high in south africa. price shocks and a crippling energy disaster have left south africans battling a cost of living crisis. surging prices have outgrown fixed incomes. fuel prices increase 10 times, but taxi 1st just to run from this a carton of cigarettes and only makes overruns, are put up the no credit burner because people resort to buy an o credit full from all cleaners to security guards. if they don't get that much of pay, a lot of them face a lot of inflation issues with price changes from time to time to get by more south

africans are turning to the informal economy, which is neither taxed nor monitored by government. south africa's informal economy is estimated to comprise over 28 percent of the nation's g, d p. it supports about 2500000 workers and business owners. one in every 6 south african workers works in the informal sector. businesses here provide about $850000.00 pay jobs, almost doubled the direct employment as mining still it's a legal gray area. the also booming black markets, however, is regarded as illegal, but way of black market. good sourced goods are mostly assessed through the bud door by having a person in the money general position. sell them to you cheap. and also that is hijacking of trucks carrying the goods by criminals. what a like a boat to the boys is that they are not greedy. when they steal the call, the community legal and elicit businesses often operate side by side, alongside fuel, food and electronics. another possibly more dangerous product is easy credit. which

traps desperate people in a cycle of dead blue. we take your license said tiffy kate, we keep it here. and then we vault, your loan doesn't matter whether you blacklisted or what we have the procession to take the car if you are unable to pay at the end of the month. but while elicit goods are in demand, the trade can do serious harm to legitimate businesses imported counterfeit clothes, for instance, under cut products from the local clothing and manufacturing industries threatening formal jobs look illegal and counterfeit good exchange harmful to the clothing and manufacturing industry. the prices artificially deflated clothing is expensive everywhere. the problem is not the price, but the must be as and the syndicate, even among people who might actually take part in the black market. there are mixed

feelings towards it. ok my take on the black market is it's not good. it's good. i still would walk in the black market. i just because i know my situation rebuilding south africa is economy is a tough task and for now, experts believe the informal sector will continue to boom. many people, one of the governments to create more jobs for them or needs to create that conducive environment for business. now for a long time and narrative of growing middle class, painted a hopeful picture, but do young my jillions have a chance of truly attaining financial stability? on the 77 percent st debate, mike leigh flows throughout, spoke to young entrepreneurs, trying to build their lives and businesses against offs. a welcome to

a buddha named jerry s capital. now nigeria is africa's biggest economy. there's so many young people here who are vibrant, innovative, working hard every day to build their lives. what recent times have been hard, they do as economy has been plagued with unemployment rising cost of goods and even a failing currency. so how are these young people coping? that's the topic of discussion today and i'm going to start with a bio me about me now. you want a small business here. now boucher kind of explain to us what you do and how you started business. a i started a corner business, i saw it copa. there was during cove each in 2020, anybody saw state and it was due to the order of seen so many and i d and graduates doing nothing at the end of dia and waste. yes. as ice, would i decided to doubling to occur obviousness that will sustain mean and i'm

going to depression. by the way, i kara, is been kick is a common snap carry nigeria and use that has to go to that because of unemployment . now how come to you? i name, how is business been for you, especially the past few years? you run a kick business. you make pastries aren't kick. what exactly has made business difficult for you? first of all, inflation has really made it difficult for us because the cost of production has almost tripled in the past one year. our profit margin keeps shrinking, and so we are, we are earning lower than we used to. we can't employ as many hands as we need, so we are not able to kitta for the masses as much as we're supposed to. all right, so i'm going to go to martha. now, you are an economist on a researcher. can you explain to us why things i like this in nigeria? i think 1st things 1st. it's not necessarily niger and problem. the world old. all of our we're seeing economic downturn and the u. s. is also facing unprecedented.

and inflation rates. ah, but that being said, that we are witnessing an aftermath of you know, all the academic activities that happened during cove it so now that the world has opened back up where seen people going back to work and, you know, trying to go back to the things they used to do before, however, nigeria has been facing economic downtown, even before the covey crisis. so i'm just going to you missed that, alcorn, now you walk with the humanitarian ministry now. um, why, maybe you can start by explaining to us why the problem seems to die right now. what opposes a in 2015 ah, during the campaign promises mom to promises was what was that, that they're going to create massive job for the, for the youth. so in a program, how to get up of nissan of these you out of up to get out of these on unemployment

issue, recruited ski oppositional programs on one of these, these are good. i got rent what i get you got there. oh no. to get it, there we go. if you want, if you are quiet skills, maybe as a carpenter, and masonry, a plumber, electrical engineer, automobile and julia all in the hospital, it treats all of this. we give you a set up that way enable you to start off on your own. okay. mr. alcorn, you are talking about what the government is doing to help young people. i'm going to come back to that point, but i want to speak with okay, you have something to say. we can give some credit to the government, but i think they are not dreamy enough. in the concho for over $200.00 median, the 80 percent of the men jump operations are youth. and you're talking about training, just 1500000 this is, is, is very unfair and there is no way a conser would drive me such kind of numbers. so i'm a humanity when i walk in times of eradicating hunger,

i'm 40 security and the type of hong godaddy's in this country right now. it's not . it's on a much nipple fiano doing. they know of an issue rise up to that responsibility. we sal calling you or no, do you agree with that? i quite agree with him because 1.5, milan is jaws a like a little drop in the ocean. so better, i don't know if i tell you how much you are spending on this program on monday business. if you have one belonged, a beneficiaries. i tend to 30000 that how much does that belong era every month? thank you mr. alcohol. as i admitted that the government needs to do more sci fi, i your to respond to that. who are the people the actually by taking a dispute on is because you that really needed to be honest. i don't think you're aware. because by the way, where dinner dubuque, he wants support to look at it, i sense to local as one partner with the government. right? to give voice these nuclear that saw that he said the trained so that we can give them access to markets business. we have the information i got was that is based on

who knows who. so somebody will bring 50 people from joe, bring them up with you, train them, other train and send them back to just. and then after we seen you kind of going to raise the people that hadn't been trained. okay, cynthia, i was raised in about serious issues. mr. alcord, do you want to respond to that or is a very right? you are very current is what has been happening before. i give you 1500000. we have a database, what is 1.5? you don't just come to off, you know, you have non just local, i'm going to give you specific numbers. i'll direct you. we have the, the database, we have your phone number. i'll tell you, call it is one. god is one. anyway, it throughout the country. you can see after we're done with the debate, but whose responsibility is it to help you solve this economic problem is it does is sorely restaurant. gov meant, or is there a way that we can all come together to solve the problem. erica. okay, so do you responsibility for sustainable development on growth,

financial side to release not only under governments, but also in the private sector also, or the non governmental d and jewels and the csr. but it's really crucial that i would look into us over there. as i said, was our value system. what do we ask people who are very suckers are, are we hoarding account of those people who are receiving much forms to do the right thing? or we are just at mind. so i think it's also bolt on to our video people. ok, thank you very much for that. i want to come to you think yeah. your hand was up before. my hope is that after this conversation, we have representatives from each industry right? that we go back and implement some of the ideas that we've mentioned from changing value systems to found as do the product actually. so the real problems to the government actually focusing on partners with the private sector so that they can extend the impact of their work and to, to more

a better relationship so that i can come get better. i think that's why we will join the call today. thank you so much to pine, at least for joining us. and maybe you watching. you might not be from nigeria, but you might be facing the court on time. tell us how you're coping and what you think can be done to make things better. i would like to hear from you. thank you so much for watching. bye. thank you. flores for that informative debate. now, if you want more of our st debates, you can visit our youtube channel. you get more that. i was always good to hear from young people themselves on what can be done to better their situation. for example, a new generation of talent had online treat as, as lenin de, moves of for extruding. hold on. i've got you, folks trading is the process where a tradeoff exchanges one currency for another. what

a hope of making profit when the value of one currency rises or falls against the other. now we find out why this business model can give hope to young nigerians. i can also be risky. ah, 25 year old jeffrey benson is a forex millionaire. i was 21. when i took and i crossed and for found the hostile $2040000.00. in 6 months, the nigerian law school dropout has made a career out of the risky business of buying and selling foreign currencies online . and by sharing videos of his enviable lifestyle on social media. oh, it says it, some people still think maybe that he calls his came or some, it's a get rich, quick pain. and i'm like, no, this is in business symbol. you treat your quotes business,

same way you treat your oil and gas business, sim, will you treat your engineering business? does war for a student is now my routine. everything i just flits from someone who could even barely by a on a time in a foreigner. now i'm now now for a lot of projects, we hardly lot of houses having a lot of cars and he's not alone. researchers estimate that the nigerians involved in the forest street now number in the hundreds of 1000th of soft 20 to 20 to one. we have what we had over 300000 to with the forest tre. doesn't render 70 percent of them are youths? if up what 6 percent of them are women, many new traders land academies like this one, this job. so for a flock of give, shoot for freedom, kind of flesh that you can actually get in manchuria was sharing his cute, freely on youtube, is what made geoffrey famous. he often drops in full hands on lessons with the young people who pay to take the trading skills to the next level. i kimberly the

maya said a month or 2 caching out making money. and realistically, it's more like that you need to study, you need to learn. in the middle of last year, i say hannibal hobby and jeff reno 9. john guys, that's due for exam that i saw him while you're watching the video. and i said, believing anything, it was prior to that i was thinking, i don't know any manager in the 4 street. so i was skeptical, while few have made fortunes in the business. it's not without risks. why we knew that the gin knew forestry dost thou also, fick investment, trade, forest investment through the will use your opportunity of the online marketing because he seems to law also specs in subscriber zone. suspecting that you're investing in one and end, it goes down the green. many, many. i've lost yeah. life savings on the business of fake investment portfolio. even jeffrey himself seized reporting cameras and impersonators in the common

sections of his videos is a daily chore. but he insists that the risks of legitimate for ex trading are ultimately manageable. the, i don't think versus highest, i think is risk that you can control is not high risk in the sense that i just like having a lumber guinea for id. so buck, fast car, there, nobody. right. people crush in time. yes. or like hardness a par bike. we have are people prussian, on the double par by. cars? gord. yes. so the reason i was going to break, so if you know when to apply a break noise player, there isn't, i don't think that's a risk. so it's one q is greeted you depressed, and you're driving speed. so if you're greedy with money when you're supposed to see the market to keep holding, then that's when skews well, you know, they say being greedy with money is dangerous. but of course money in itself is not a problem. if i make just the right amount of it,

i'd love to higher multiple. i was when i contact romantic, i to okay to design my future house. now, he is trying to build the africa of the 21st century with a focus on sustainable design. but push him back against increase and above sprawl, is proven to be his biggest challenge. smooth lines, open spaces, and purely minimalist. this modern piece of architecture in the good woman neighbourhood of quote one is the brainchild of romantic atoll. keep back in 2013. the young architect found at his own firm in perry, in 2017 room arik moved back to his home town, could to noon in benny, a master of his craft. he swartz to find details that most people would miss up at the wheels on the to her is on to lines, cover the entire extent of the house. these very clean lines marked the peculiarity of what we have as an architectural work. remarks agency tries to focus on

sustainable construction while keeping to assign budgets. not always easy in the architectural world, his aim, building and africa for the 21st century. but he says, there are still a few aesthetic hurdles to overcome of more and all god there is. oh he for unfortunately, we still have visible phone and electricity lines yet not ones which run under ground. you can see behind me that there are lots of poles that make the building a little ugly. so we don't see its full architectural beauty. we have no choice and we have to live with it to many level, but that's what also makes our african cities so charming reza fo see the sound up and some the movie love again, remarked reluctantly admits he's not a fan of local architecture, but he's also quick to point out to the african continent diversity in building style. i'm not too keen on the architecture you find in africa. it's not an easy thing to say. but the architecture that you find in as

a hellion country like molly, is not the same architecture that you will find in the country like beneath which is on the coast. another challenge you face this is pushing back against increase in urban sprawl. but despite all, perhaps because of these challenges, remarried is clearly proud of his profession hold. we are talking to her on us in some of them, i would say being an architect in africa today and particularly and benign, is a noble professional. it's a job that keeps a man alive because being an architect is something else. having an intellectual background allows you to offer something that meets the needs of a certain clientele. nothing. or what are you? i bond of dissolved and said that agree and then so to room i, i took it which together when his clients to create division, his services don't come cheap. lucy, for me. i did not choose romero at ok for nothing. if i already know that romero got okay knows what he's doing and that he's good with this in this

is where all the action happens here. remark is built in the family villa. he believes a handsome attitude is vital to see his vision through. but that's not so common in beneath that article. i think one of them will look at more. thank you left about do nuclear. most of our clients do not understand what an architect is for them. the architect draws the plans, but he does not come to the site. the engineer is the builder. they fail to see the value of the architect because an architect, he thinks he creates, but he is an artist. he could so knocking. at the end of the day remarked, let the finish products speak for themselves. oh that some really cool stuff, isn't it? talking about what's cool, how about sustainable fashion in come, who lives in guanine 1st worked in the oil industry before becoming an award

winning fashion designer and method is authentic and made with love or style. and the environment ah said against the lush green jungle limby in cameroon could be a beach paradise. but the fine dark sand is hardly visible under a sea of trash, even after a clean up. it takes just a few days for plastics, textiles and other rubbish to pile up the trashy look of limby speech inspired award winning communion design. allison granted to make clothes that would never drift unloved and unwanted. the textile industry all contributor to fall, put st of michael plastics. and i think it is a big issue is one of the most polluted industries. and a while, i think the 2nd industry aka patrol saw is how we started looking at cuts in tao. this pollution penguin actually used to work in cameron's oil industry,

a sector not exactly revert for sustainability or environmental best practice. since becoming a full time fashion designer and putting all her efforts into models mode gwanae ames for sustainable fashion. from 1st thread to the catwalk. i actually started in may, so as you go in and very passionate, in fact shown, i decided to look how this tool could merge together. so i found that my brand, um, i've ever did, it's a culture brow, which is my was flawed. our mission is to use partial as a tool for social and environmental change. and now i also just found that this initiative then, always fraction which is to cut down with our we have started with text. i was, the no waste factory literally uses textile off cats from other tail us. sondra emma volunteers so i just want, speaking of the wisdom, rome, the 10 was on me a year at the remaining farm is sent out,

but now he deemed saw the gun transformed the whizzes so useful materials this with people ticket on the portal. pulling lids the wrong man, i was trying to set up or are trying to reduce ever been couple rashawn. so that's one more to be to me. be a one until august factory. so we can use the read on transforming through your to foot doctor that i'm you stuck on stuck. i shall kiss african materials i forgot to run you short on. i've gone through them. but what would recycled? classic textiles be without some super stylish new designs based on bespoke i'd that's in touch with traditional could tour. ah, enter search is zoe. just one of a number of artists with whom my bos mode collaborates to different one is creations. a truly communion touch. my odds are usually people buying it and put you on the walls. so it's a new business, hopefully to see somebody actually when it's gone. and

o is the perfect dress or wrap. it's more than just a garment. it tells a story and includes something in tangibly important to each new customer, fresh on this language. so i think the story lines are the most important thing you could do to make traditional of enjoyable, again. with any luck, limby speech will soon be known as a site for showcasing sustainable style, rather than forgotten textile racks. good job limby, sustainable fashion is indeed the way to go. i should all do our parts to protect the environment we live in. and that is how we wrap up the show. hope you enjoyed every part of it because i said singly, did i am eddie micah junior? thanks for sharing your time with me on. see you soon. a. everybody was money, money, a life. and for me, i don't need that much money with

blue ah, with ah, with

who was making the headlines and what's behind them. dw news africa, the show that was the issues in the continent. life is slowly getting back to normal you way on the street to give you in the report. on the inside. our correspondence is on the ground reporting from across the continent and all the

trends doesn't matter to you. in 30 minutes on the w in the south, there are tourists and dream beaches in the north armed conflict and flight and those m b. land of treasures and turmoil. what night the divided country and boost it's long way to recovery. in 75 minutes on d. w with journalism helped us in overcoming divisions save the date for the d.

w global media forum 2023 in bonn, germany and increasingly fragmented world with a growing number of voices, digitally amplified. we see where this clutter can lead what we really need, overcoming divisions into vision for tomorrow's journalism. save the date and join us for this discussion. and the 16th edition of d w's global media forum that has been floated. you do the full. i'd have to channel fantastic. ah, she survived auschwitz, thanks to music. he was the nazis favorite conductor. he is morally degenerate to musicians under the swastika, a documentary about the sounds of power, inspiring story about survival at home and go get the cellist. i was the only one

what lies look. music in nazi germany. watch now on youtube. d. w documentary. ah, ah. ah. business dw news alive from berlin. vladimir putin visits crimea just a day after an international arrest warrant is issued against him. russian president is making an unannounced visit to the black sea peninsula, the trip max 9. yes, since rush as an eagle annexation of the region from ukraine. also coming up. donald trump.