the doctor. so in the clouds it, it's time to to us and then when generations class this week on dw, the business dw news africa coming up on a program, a positive outlook for the confidence. that's where the i m. s predicts by the nigeria, for example, prizes of food and i have a basic needs of skyrocket that's making the cost of living for media unbearable and im gonna people. i also feeling that you cannot make pains with some communities trying to stay afloat by re introducing communal money boxes. plus, we visit survivors of the massive buyer of the hijacked building, and do hon is back down now. he makes if cell to which they say is not safe. and i, the coast is the place to be for all of the 3 of us will be africa,

a couple of nations reports i and i'll be just as the ceo of device the i d my car junior and you welcome to the program. africa is set to be the 2nd fast as go in economic region in the wild with 4 percent growth forecast this yeah, that's according to the international monetary fund i am at now. wow, that sounds like good news. it's not guaranteed. african countries are still suffering the effects of the co, but i'm that make rash as well. and ukraine on these are all have mass conflicts. let's not forget issues like climate change, increased food insecurity and political instability. creating fe about challenges. even africa's largest economy. nigeria has not been sped from high inflation.

correspondence believes that truthful my in lagos, nigeria, when to find out how people are struggling with a high cost of living as this is where you go markets a pop up would markets in lagos, nigeria trust that you had to do, i could buy all these items for $10000.00 that right, that's about $10.00. this yeah, the same amount that only gets me this much is not only put the price. is that that skyrocket soon because of what our basics likes us, what they're showing people on housing. i've also shut up many nights around city situation and seems to be getting worse by the the decision of the models. we have to buy it, but this might be more, more 6000 miles. well, i asked if we thought that the 5000 please. how do we pull these are the items you can get our, the cost of $200.00 and era now is $500.00 nearer everything besides the $500.00 basis includes i wouldn't even say 100 percent increase. one reason why inflation on the so by the nigeria is because of the local currency has continued

to lose value. i don't know president that rates this time last year, one that i could get approximately 500 and ara just the yeah, later one does that equals 1090. right. the roughly the valuation of the narrow is unprecedented here. and that's nigeria in thoughts, most of its goods. the cost of living has shut off. we'd people's findings remaining the same. it has become even more difficult for many nigerians to make ends meets because everything is closed. i'm working in my business because it's basically me because when i did this before, because i realized most ex pats project that made us economy will be most able this year. but for many on the streets, it's hard to see who at the end of the road it's a similar situation in gonna

a country once seen as the model of african development. to put things into perspective, the economy grew by 8 foot sense in 2019 making it one of the fastest growing economies in the world. fast forward to 2022. gotten his car and see the city plunged against the dalai end inflation shots to recognize about 15 percent. that results in economic crisis both gone out to see financial aid from the international monetary fund. now as a government bottles, the sky, high cost of living and some communities are trying to stay afloat financially. the outputs in a fresh spin on traditional saving schemes, maxwell soup reports from north and gonna he a miles away from the copy 1000 grow. women have developed a way to do with economic hardships, is thoughts. we're just looking at books. and then nothing village of nimble. this group of attaching women has formed,

incorporating to save money among themselves. every week, the women bring whatever money each kind of pay and put it into their books. the amounts of paper, the recorded men best coupled with the money to finance their business projects or their needs. then be paid by the loan with a list of interest. and to find gold, no interest is charged on those for school fees or hospital bills. that labs william met a b i, as i said to wait. and whenever i am in a difficult situation open at the door, i want to do business is fantastic. and when i, when i come to borrow from the spot in gonzales and food, if it's for business, let me know, i will pay it back gradually with my profit set that until i pay off the debt and, and then to and then into the, in the end, the business i totally belongs to me. you wouldn't mind that. is that on who does that and needing to ensure accountability,

the group set time deal with rules in the books filled with trees, padlocks and the keys are given to 3 different members. when anyone comes forward to borrow money, all members, mazda consorted the books to look named some correct meaning, or that because one has to pay off the for depth. before we begin. and you, called crude lang consort is teaching the woman financially trustee and have a thing to ensure everyone benefits, fairly savings like this becomes a bit of coping the counties in, in, in, in the midst of this hardship. because we can always rely on the savings that is done by them. and then we can ship out that one is that the, the saved may never will families have no clue to try to get laws from the bonds.

the system is putting the woman on the top to find that she hadn't received the balance to the same is books as that are i'm doing right now. has his own business making a silly share by the may i borrow money from the savings box to pay my children's school fees, then i pay back the loan after making sales, which helps to sustain my better business. religious evening initiative. i don't, you know, if we go, but john is currently coming, was me schemes lied to sound, credible, becoming more relevant will be speaking to the amount of responsible for managing down is economy in a moment. but before that, let's find out what some people are gonna think about the states or the economy and the finance minister in life as easy as not, is not the book. and so far as the information is too much,

is good to waste and there's no getting better. so, well here, let's see what the prices of use and services wasn't done in such a way that the prices are within services has been reduced or do he was able to stabilize the cds for some time that countries for you and then gets a little bit well, it's an all gets what i feel like very difficult for this and nice and use that to prove that explains loss is the dollar rate. so we choose, why don't we also we choose, the price is to meet the cost of living for this. this is a have gone up to what is the stable and to be able to and from joy. yes, very cool. that's so that's chance. if it's doable. let's now welcome gun is minute stuff will finance and economic planning can before we add to to the program, who was listening in from the well, the comic photo in dallas. hello and welcome to the program. say we just had some

guardians, say in the still suffering from the high cost of living. you recently said down is economy is getting back on track. so why are people not feeding back in the pocket? yeah, i mean there's, there's no question that we've been through some very difficult circumstances under headwinds. so the, but that's one of the respondents mentioned, you know, we really hit to low of 54 percent inflation at the end of 2022. and also the currency, you know, plumber to, um, to 50 sense. i am during that period. but this is really sort of come in on the back of an economy. and that was pretty strong of inflation in single digits also. but what we've been able to do this year, as we looked at the tax code, it is, as you can see, inflation has come down to 23.2 percent. so as the gentleman said,

and that's the issue of trying to tackle prices. and then we also saw the currency depreciated by 50 percent. and this year since february, 1 of the gentleman also said so another currencies been strengthening. right? so been able to tackle the issue of prizes, who will continue to do that, and keep the currants to staples, and make sure this for an has changed for us to continue. but we have seen a very strong resilience because the i am a predicted at 1.5 percent growth. and we've been able to choke on with a 3.2 percent of costs. you'll go into the m s seeking overall about $3000000000.00 . that's increasing, gone is that isn't that because now we have and that's of at least $50000000000.00 is is the growing that's a major consent to the countries economic recovery the i'm the

question um, i really am that we have access through this restructuring transaction that we have done, we basically reduce in on that portfolio. we also, uh, in this negotiations have agreed to gradually bring gunners bits down to 55 percent. so this is much cheaper that restructuring to cut some of that off and then get to a position overall 55 percent debt to g d p ratio, which is a good for us. so it's a program okay, of that restructuring. that would enable us get to a sustainable level we have at the end of the day, i'm show your work and to is that you do all you can to make sure that gotten in. i'm not seeing the pain just of much, you know, to cushion the effect of,

of the financial, you know crenshaw economic mailed down, so to speak. so what is your message to guardians, who are still struggling to see lights at the end of the tunnel? yeah, yeah, i think you know, even in this program and the way we did well to ensure that our support to the live live with them, palm and program is literally doubled. we also made sure that a computation and school feeding went out as one of the key issue areas of innovation is really food and agriculture. and you can see that even though for the installation that is coming down and we need to stuff important. and therefore, the economic enclaves that we are putting together so that we can become secure in the area, so rise in mays, etc. and then the new agriculture, minnesota is working. how does that? so that's key. get an a good choice of productivity in place. and then moving on,

i'm to advise you to so that we import less. and i think once we, we grew in each for 3 girl as a nation, what we will be able to then control of these escalating prizes. okay, interim, we are going to do our best to make sure that price is that contain, as information goes as we our witness, which is far enough from again many guardians, what you now when you say you're going to try to get it down to meet at the cost of living mall bearable. what timeframes or guardians we're looking at because it's easier said than done. obviously. they're still feeding the page. what's your message to the view? i found the beauty of what we have is that we are all witnesses to the work we are doing. and so get inflation down. so moving from 54 percent to $23.00 i target is that by the end of the year it will be 15 percent. and then the following

year i would come to the 8 class. so minus 2, which we were on cost with before the cobra issues. so yes, i send the proof isn't what do we have done already? and the target 15, i believe will be able to achieve that and also stabilize the currency, which is also evidence to everyone. so yes, very difficult situation, but i think we all witness to the right direction in which we are moving. ok can also we have to get as many stuff will finance and economic planning. thank you very much for your time, sir. thank you. really appreciate this. so don't forget to median travel as one on any for his final season. post in the daily show. know, and the shows team to the i was in the category outstanding talk series as

a historic when making lost the fast african and fast black person to win in that category. since its inception in 2015. no, i said it was quote, amazing being part of the shows journey. the emmy awards are the most for studios on us in the us television industry. you're watching the news off a gas bill to come football fans from around the world have gathered to witness the continents talk football stars as they compete for the competitive after a couple of nations. trophy the fast, just that africa where the commission of inquiry into the massive file, if you building in downtown you hon. his bag resumed last august, more than 70 people were killed in the central marshall town. district was ablaze that swept through an abundance of 5 story building, which was being occupied and rented out immediately. locals referred to these buildings as being hijacked. the file focused attention on the problem of derelict

buildings and the deans at the post. the people living inside them, one of africa's which is cities that he's asked that also left thousands of families homeless. many have been relocated to an uni built mix of cell to that they see is told to the unsafe dw correspondence diane hawkeye business at the site . this form of parking lot is now home to over 100 survivors of the marshalltown fire. one of south africa's west recent tragedies they were relocated to denver assuming industrial area, with hardly any shops or schools. the new temporary homes have no power or indoor plumbing residents, so i'm happy with the conditions. before we came here, we thought this would be a good place, but this is not

a good place to stay. when you look at the hygiene and health, it's a problem. simbie. so in delilah is a single mother and is worried about her safety and that of her children will call me by my golf, holding that it's that night. we often hear gunshots. there are many gunshots, and it makes me afraid. yeah, i also don't feel good about the hygiene here. we have children and it should be clean back to the residence, right? the table to any way when i move by come on, they should and struggle drains and let them know about when i know my, my thing. the lack of drains creates a big problem. that in mind, for the supplement flags on days of tv, radio, the card was between the corrugated iron checks on narrow and in some cases 4 or 5 people live in a single tiny room. this is one of just for taps that's available to the residents

in this area. if you look behind me, the seems to be a rubbish dump that's building up. and this poses a key, a health risk to the people living here, as well as 2 children who are playing around this area. more concerning is that this tap today has no water coming out of it. and residents say the tap see a regularly run dry. they have taken the municipality to quote, to force it to prove conditions. when we went to court, we went just asking the court to stop what was going on in the us in the court to recognize these presidents human rights that they actually entitled to dignity. and this was not dignified. of the city of johanna said, usability says it has done what is required in know in an emergency you will to navigate it through the accommodation, the a new way as

a short days of, of housing into a c t which we have at least, which is know, and we are doing the best with the lives of resources that you have. the kemp could double in size, the municipality wants to add more effects to accommodate the remaining 5 survivors . as authorities at mit, janice book has a major housing crisis. the city attracts thousands of people from across the country and continent looking for work, leaving hundreds of thousands in search of affordable accommodation. and that's what's lead to a situation like the marshal tom tried to do people with no way else to go immediately occupying unsafe bold it. despite the dangers, many of the people who were relocated to denver, say they'd rather live in the, in the city than here. with a worry that will be forgotten by officials all

eyes our ivory coast asked the country host the 2023 after a couple of nations football. well, it's a competition with find some across africa and beyond. have all got that towards the confidence talk, football styles. lots of it out for supremacy. only time will tell which team will be crowned african jumped, you know, i wish i was about to witness all the excitement. but since i am not, let's talk to someone on the ground freelance journalist assumption, nobody is covering the forgot combinations in abby's. yeah. hello, thompson. i ever you right now you ceiling all the vibes over the tell me what's the full? yeah. like this story. i hear is on tag just to say the least. i mean, behind me is if it is hope that you're on the stadium on much day, this place is completely different because you have a lot of excitement from football frontier. you know that cause of why is

a football loving crazy country on you got got funds, we deal with salad and some of them i drink in the national colors, all the country and for visiting teams also have lots of funds to come in around. yeah, i'm beyond yet. there seems to be putting going on virtually every day and most part of the city. i mean, you agree here the restaurant to go to the restaurant. you hear a sound of music blasting through the speaker. you know, i'm old and everybody seemed to me about couple of nations, eddie. yeah. icon to, to me get that. uh. are you talking about meeting the mood, the so called on the adult teams? i've also been in the mood, i mean, we've seen some very surprising results. tell me, what are these results on the games sofa say about the state of african football. so that's has been the talking points soon as this game started on saturday, january 13 here, a couple of why you go to annual the press conference is that they're talking points. you will speak with coaches, you speak with every plan. everybody's saying,

look, there's no more or less sponsored team in africa because what was the, what the results come into? you look at gun up, for instance, how would you ever think that capt bridge would be gone out to what you look at. also nigeria almost struggling with the good to keep it. you're getting it back in the end of $11.00 on the cost of the media around almost $8.00 or 5 places. don't compare to the cut that it goes up to these. yeah, the model of the desk shows the, you know, the talking points on the, on the high points of these after a couple of nations. so i can tell you about them. there's no more less than 15. there's no more than you know, as an applicant, football on this, i've got a couple of nations have shown so much i'm not positive, probing that by the day i totally agree with you. i don't know why you had to remind me that gun on the bad, so i have a beef to speak with you on that will let us slide for now about state before that's automatically done with before the end be done the way some organizational

concerns, right what can you tell us about the organization so far? you don't know any of that before the start. i'm in stop. it is called the $2223.00 . i've got a couple of nations. what that means was that is that is the fact that it see what's, what's on the expect to have taking place between the trees on the top menu 2020 for the reasons i buy, for example, i'll very much for us. and that's because, i mean what the wedding so prepared in terms of the stadiums that we're going to be least set to be used for their matches. the city is waiting for bed on all of those . but i've been here now for about 2 weeks, and i can tell you that the much to build an additional level a to a level where things seem to be going smoothly. i mean, the stadium is well constructed. the once i've been to, the one behind me here is over 60 s board, but it's being reno beat that completely given the whole may cool about. well, the reason the adapt a couple of nations, the politically so i can tell you are starting to be stuck. but let me pick out

some watch i stadium which speaks for about 60000. um spectate. this is one of the best right now in the, off the go. and then of course the roads, i mean, the roads i'd be giving a lot of attention. they also have a beauty which i've been things that i'm on. so it's been a whole lot. okay. well, could you by, in terms of infrastructure and of course, organization. okay, good, quick one. before you go, what has impressed you so fast? i think, i think even look at this security here. it is, it is really tough. not because the fonts can get into the stadium with water bottles, we p edibles and all of that data can security talk much. i think it's something that i like to commend the organizations or the local organizing community all the options or permission shortly. i mean, it's really big, but unable to people can be receptive. i mean, go to the bad news,

you go to different places. i'll walk, you mean i'm of course ready to accept you and of course, give directions as much as you want to. okay, i would love to swap places we do, but it's all good. so i'm sort of modeling and i'll be down back to you, but it's at thank you very much sadie. that's it for now. is it all to check out all the stories on d. w dot com slash africa. all on social media will leave you with images from ivory coast and the pride of african football. we'll see you next time. go score your own goals and 5 for now or the

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does it need to be news line from berlin tonight in ugly dispute between neighbors, pakistan and the ron watching tit for tat air strikes. pakistan says and attacked ability to hide eltony, ronnie, retaliation for a rainy and strikes with its borders just a day earlier. also coming up in germany, growing calls to band a far wide political party that is now the 2nd most popular in the country. the unborn golf is good to have you with this we begin with the tit for tat air strikes .