MEDI1TV Afrique : JT Economie - 18/12/2024
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00:00Hello everyone and thank you for joining us in this new edition of the Journal of the Economy.
00:13In Morocco, the Council of Bancal Marib has decided to reduce the CEO rate by 25 points.
00:19Given the evolution of inflation at online levels with the objective of price stability
00:25and the strong uncertainties surrounding the prospects in the medium term,
00:29especially internationally, the Council has decided to reduce the CEO rate to 2.50%.
00:36On the fourth and final quarterly meeting of 2024 of its Council,
00:41Bancal Marib will continue to follow closely the evolution of the conjuncture
00:45and will fund its decisions meeting by meeting on the basis of the most up-to-date data.
00:51We still remain with the figures of Bancal Marib.
00:54National economic growth should be limited to 2.6% this year after 3.4% the previous year,
01:02but will accelerate to 3.9% over the next two years.
01:06Bancal Marib projections are based on an almost stable non-agricultural growth
01:12around 3.5% this year, before an improvement to 3.6% next year and to 3.9% in 2026.
01:21For its part, the added agricultural value, suffering from unfavorable climate conditions,
01:27prevailing during the previous campaign, would accuse a 4.6% decline in 2024,
01:34before showing, under the serial harvest hypothesis of 50 million quintals,
01:39progressions of 5.7% this year and 3.6% in 2026.
01:46We still remain in Morocco with another figure, 68,263,
01:51which represents the number of companies created at the end of September 2024.
01:56According to the Moroccan Office for Industrial and Commercial Property,
02:00these creations mainly concern people with 49,164 units against 19,099 individual companies.
02:11The sectoral distribution highlights the predominance of commerce,
02:15representing 34.64% of new entities, followed by public buildings and works,
02:22real estate activities with 19.23% and winter services with 18.65%.
02:31The sectors of transport, industry, hotel and restaurant display more modest shares,
02:37while agriculture and fishing close the gap with 1.63% of creations.
02:43At the regional level, Casablanca State dominates the ranking with 21,263 new companies,
02:50followed by Tangier, Titoan, Al Husayn with 9,761 and Rabassa, Lekinitra with 7,912 units.
02:59In addition to economic news, Mali also inaugurated the largest lithium mine in Africa,
03:05a project of an investment value of $ 318 million.
03:09Located in the Bougouni region, 150 km from Bamako,
03:14this mine should produce annually 500,000 tons of human spore concentrate,
03:19a main source of lithium, thus meeting the global demand for this essential metal for electric vehicle batteries.
03:28This project is led by Lithium du Mali, whose main shareholder is a Chinese company.
03:33According to the Ministry of Tutele, the mine will generate about 250 billion francs CFA for Malian companies,
03:41of which 51% of subcontractors' contracts will be attributed to local companies.
03:46In Mali, the new mining code adopted in August 2023 allows the State to obtain a free participation of 30% in the project.
03:55This legislation aims to ensure positive economic returns for the country
04:00by maximizing the benefits of natural resources while supporting the economic autonomy of local companies.
04:07In international economic news, Italy saw its trade surplus increase to 5.15 billion euros in October
04:16against 4.49 billion during the same month of the previous year, thanks to the increase in exports.
04:23According to the National Institute for Statistics, the third economy in the Eurozone has seen its exports grow by 1.6% over a year,
04:32despite the drop in car deliveries and refined oil products sales.
04:37Imports, meanwhile, increased by 0.4%.
04:41In the first ten months of the year, Italy's trade surplus amounted to 45 billion euros against 24.6 billion euros in the same period of 2023.
04:52The energy balance deficit was reduced in October,
04:56to 4.7 billion euros against 5.2 billion euros during the same month of the previous year.
05:04China is now heading in a context of reduction of its activities in the face of the intensification of competition.
05:11Technology giant and e-commerce giant Alibaba announced that it was going to sell its InTime chain of major stores
05:18with a loss of more than 1.2 billion euros.
05:21Alibaba is expected to record losses of around 9.3 billion yuan following this sale.
05:28The company, based in Hangzhou, has had to face tougher competition in recent years
05:33due to the rise in power of its rivals and the desire of consumers to seek ever-lower prices.
05:39The group, founded in 1999, recorded a moderate growth of its turnover of 5%
05:46during the second quarter of its fiscal exercise shifted to a level lower than expected by analysts.
05:54This is the end of our edition today, good luck with the programs.
05:58Thanks for watching.