is $360.00 degrees and explore fascinating. both heritage dw world heritage 360. now the business the doesn't use africa coming up on a program. a positive outlook for the confidence. that's where the i m f 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 even gonna people. i also feeling that you cannot make pains with some communities trying to stay afloat by reading for use in communal money boxes. plus, we visit survivors of the massive via of the hijacked building and johan is big. yeah, now he makes if cell to which they say is not safe and ivory coast is the place to be for all of the 3. 0,

so be africa. a couple of nations reports i and i'll be just as the ceo of device the i, i'm eddie mike, how 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 cobit, i'm that make rush as well and ukraine on the ease 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 police that truthful amount in lagos, nigeria went to find out how people are struggling with the high cost of living. this is where you go markets a pop up with markets in lagos, nigeria just that you had to do, i could buy all these items for 10000. that right, that's about $10.00. this yeah, the same amount only get me this much is not only for the price is that the skyrockets in the cost of what i base expect, that's what they're showing up on housing. i've also shopped up many and i didn't say the situation seems to be getting worse by the the decision of the models we have to buy boxes might be mumble 6000 miles. well, i think we've got 55000. how do we pull these all the items you can get the cost of $200.00 and era now is $500.00 nearer everything besides the $500.00 pieces includes i wouldn't even say 100 visits includes one reason why there's only somebody 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 now. right? just the yeah, later, one go that equals 1090. right. the right the, the valuation of denial, right east. unprecedented here and that's nigeria in thoughts, most of the goods, the cost of living has shut off with people's fannings remaining the same. it has become even more difficult for many nigerians to make ends meet because everything is closed. i'm working in my business because it's facing me because when i did this before, because i realized my 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 was seen as the model of african development. to put things into perspective, the economy grew by 8 percent as in 2019 making it one of the fastest growing economies in the world. fast forward to 2022, got his car to see the cd plans against the dalai and the inflation shots to recognize about 15 percent. that result in economic crisis force gone out to seek my mind shall 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 savings schemes, maxwell soup reports from northam gonna he a miles away from the copy, tells grow women have developed a way to deal with the economic hardships as thoughts with this little box in the northern village of nimble. this group of k to women has formed,

incorporating to save money among themselves. every week, the women bring whatever money each kind of pay and put it into the books. the amounts at k for the recorded members on board with the money to finance the business projects or the needs then be paid by the loan with a list of interest and define goals. no interest is charged on those for school fees or hospital bills. labs william, but i'd be i, as i said to wait and whenever i am in a difficult situation to open the door, i want to do business as i talked to, not a when i come to borrow from the spot in gonzales and food. if it's for business, i mean i will pay it back gradually with my profit set that until i pay off the debt and then to and then into in the end, the business i totally belongs to me with that of mine. i decide on who decide in need and to ensure accountability,

the group set time deal with rules to the books distilled which the padlocks and the keys are given to 3 different members. when anyone comes forward to borrow money, all members, mazda consorted the books. this look named some correct meaning or that because one has to pay off the afford that. before we begin and you call pre blank on the sort is teaching the woman financially trustee and have things to ensure everyone benefits, fairly savings like this becomes a better coping mechanisms, themes and in the midst of this hardship. because you can always rely on the savings that is done by them. and then we can ship out that one is that the, the saved many of the families have no clue to try to get laws from the bonds.

this system is putting the men on the top to financial to receive 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 ears initiative. i don't, you know, if we go, but john is currently caught on the, was me schemes lied to sound credible, becoming more relevant. i will be speaking to the amount of responsible for managing down is economy in a moment. before that, let's find out what some people are gonna think about the states or the economy, and the finance minister. my 5th as easy as not be as non billable is because the inflation is too much. business is getting worse and there's no getting

better so well, he has not seen one the prices of use and services wasn't done in such a way that the prices of losing services has been reduced or do he was able to stabilize the cds for some time that countries for you and then get to the best i will see it's an all gets what actually 2 very difficult for the nice and easy stuff to prove at this point. now says the dollar rate as we choose, why don't we also reduce 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 of a beautiful. 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 speeding 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 us, 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 55th 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 will, 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 at that's of at least $50000000000.00 is is the growing that's a major consent to the countries economic recovery. and i'm the

question um i really am that we have access through this restructuring transaction that we have done. we've basically reducing our that and portfolio we also uh, in this negotiations have agreed to gradually bring gunners that 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 with an able as get to a sustainable level. so you 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 the for the economic enclaves that we're putting together so that we can become secure in the area, so for rise in mays, etc. and then the new agriculture in minnesota is working. how does that? so that's key, getting a good choice of productivity in place. and then moving on to value so that we

import less. and i think once we, we grew and eat for 3 girl as a nation, what we will be able to then control of these escalating prizes. so the interim, we are going to do our best to make sure that prizes that contain as information goes as we, our witness. which is far enough from again, many guardians, which and now when you say you're going to try to get it down to meet at the cost of living mall bearable. what timeframes will guardians we're looking at? because it's easier said than done. obviously, they're still speeding defense. 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 plus or minus 2, which we were on cost with before they call that 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 award in the category outstanding talk series as

a historic when making no the 1st or 2nd and fast black person to win in that category, since its inception in 2015. no, i said it was quote, amazing being proud of the shows jenny, the emmy awards are the most for studios on us in the us television industry. you're watching the news off the 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 couple of nations trophies but fast. just africa, where the commission of inquiry into the massive file, if you build an in downtown jihad, his bag resumed. last august, more than 70 people were killed in the central marshall town. district was ablaze that swept through an abundant 5 story, a boat in 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 richest cities, that he's asked. i also left thousands of families homeless. many have been relocated to when uni built makes. if cell to that d, c is totally unsafe. it'll be a correspondence, diane hawkeye business at the site. this former parking lot is now home to over 100 survivors of the marshall town 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. the student be soon davila is a single mother and he's worried about her safety and that of her children. me. bumbled up hold and now it's at 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 install drains and let them know about when i know my, my 3, the lack of drains create a big problem. that in mind, for the supplement flags on days of tv raid. 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 full 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 were playing around this area. more concerning is that this tap today has no water coming out of it and raise it and say the taps here 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. assume the quote to recognize these a president's 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 and as

a short days of, of housing into a c t which we have at least which is no and so 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 bully. 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 funds from across africa and beyond. have all got that towards the consonants. tough football spouse, lots of it out for supremacy. only time will tell which team will be crowned for consumption. oh, i wish i was of as a 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 have you right now. you seeing all of the vibes over the tell me what's the full yeah. like or this story out here is on tag just to say the least. i mean, behind me is the hope that you're on the stadium on much day this place is completely different because you have a lot of excitement from football fonts. yeah. you know that kind of why the

football, loving crazy country on you got got fides with the wood salads and some of them i drink in the national colors, all the country and for visiting teams also have lots of funds will 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, i can do it to me. get that. uh, you're talking about being in the mood, the so called on the adult teams have also been in the mood. i mean, we've seen some very surprising results. tell me, what are these results from the game 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 given class,

everybody's saying look, there's no more less sponsor team in africa because what was the, what the results coming to you look a gun up for instance, all when you have a think that kept bread will be gone out to one you look at also, nigeria almost struggling with it, get to keep it, you're getting it back in the end of $11.00 on the cost of the media. i don't almost 8 or 5 places don't compare to the cottage. it goes up to these are the dead shots, the, you know, the talking points on the, on the high points of these up to a couple of nation. so i can tell you about that. there's no more less than 15. there's no more than you know, as an applicant, football, and this after a couple of nations have shown so much about this proven that by the day i totally agree with you. i don't know why you had to remind me that gun not bad. so i have a beef to speak with you on that. we'll 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 sofa? you do know any of that before the start. i'm in stop. it is called the 2023. 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 taking place between the trees on the top menu 2020 for the reasons i bought, 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 list that 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 drop down 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 full of a 60 s board, but it's being renovated completely given the whole may cool. but just for the reasons, although i've got a couple of nations politically, so i can tell you i've done that. the stuff,

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 if we look at this security here, it is really top not because the fonts can get into the stadium with water bottles, we piano bowls and all of that. so they're taking security. mulch. add, i think it's something that i like to commend the organization. so the look organizing committee of the often couple mission. so, i mean it's really been but unable to people have been very receptive. i mean, you go to the bad news, you go to different places. now walk, you mean,

of course ready to accept you and of course, given 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 molly, 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. the

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this is the w news line from berlin, randa santa is dropped out of the us presidential race. the republican candidate says is clear to him that most of the party supporters want to give donald trump another chance. also on the sho organizers say, nearly one and a half 1000000 people rallied against germany as far right across the country over the weekend. and israel's prime minister rejects him off as conditions for the release of hostages. their families continue to protest adding pressure on benjamin antonia.