MEDI1TV Afrique : JT Economie - 11/02/2025
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00:00Hello and welcome to your economic crossroads on Medihand. We start in Morocco, where the
00:13Casablanca stock exchange closed its main index on Monday, the MAZI, with a 0.14% bonus.
00:20The MAZI 20, index grouping the 20 most liquid values, and the MAZI ESG, index of companies
00:26with the best ESG rating, published by Moody's ESG Solutions, fell respectively by 0.04%
00:34and 0.01%. The MAZI Mid and Small Cap, which measures the performance of small and medium
00:39companies listed on the Casablanca stock exchange, fell by 0.14%. In the international
00:45sector, the FTSE CSE Morocco 15 Index and the FTSE CSE Morocco All Liquid ended on
00:53losses of 0.03% and 0.07%. In national news, Morocco confirms its strategic role in the textile clothing sector in Europe.
01:042024 will have been a turning point for Moroccan clothing exports to the European Union.
01:10At the end of November, it was ranked 8th in the EU clothing suppliers, with exports
01:16reaching 2.52 billion euros. But the Kingdom is also a major player as a client,
01:21placing itself 4th in European textile importers, with nearly 1.9 billion euros in purchases,
01:27a momentum that illustrates the solidity of the Euro-Moroccan partnership in this industry.
01:32After a notable drop in 2023 of nearly 14%, Moroccan exports soared by 7%
01:38during the first 11 months of last year, to reach 2.52 billion euros. Morocco
01:44thus distinguished itself from the Mediterranean suppliers, with a significant decline in Turkey
01:48of less than 7% and Tunisia of less than 8%. Globally, European Union clothing imports
01:55stabilized at an annual rate of 78.6 billion euros at the end of November 2024. China remains
02:02largely at the head of the EU suppliers, with 22.1 billion euros delivered during the same period
02:07with more than 1%. Good news for the Moroccan economy. The signing by Africa Corp Consortium
02:14of an investment agreement for a amount of 55 million dollars. Africa Corp Consortium is a
02:20multisectoral actor present in Morocco and Africa, active in industry, distribution,
02:25agriculture, mines and education. The group recalls having made a major strategic acquisition
02:31in early January 2025 and is celebrating the signing of an investment of 55 million dollars
02:36at a summit held by the Ministries of Industry and Trade of Morocco and the United Arab Emirates.
02:42The agreement was concluded with Al-Hazim Holding Group, a minority shareholder of Intercoil International.
02:47This partnership aims to create a regional leader in the literary and sleep industry,
02:52combining the development power of Dolidol, currently present in a dozen countries,
02:57including Nigeria, with four factories, and the industrial expertise of Intercoil. The agreement
03:02envisages an increase in the capacity of production infrastructures, an expansion of markets and an
03:07acceleration of innovation in the field of technology, sleep and sustainable littering solutions.
03:12Still in the kingdom, the production of watermelons experienced a net decline in 2023,
03:16showing a significant decrease of 140.23 million kilograms compared to the previous year.
03:23This decline is explained by the persistent drought that affects the country, making the situation
03:27even more worrying for 2024, whose harvests are becoming just as difficult due to the
03:33scarcity of water resources. According to data from the specialized platform Horton Info,
03:37Morocco ranks 20th in the world in the number of watermelon producers, having recorded
03:42a total production of 462.72 million kilograms on a surface area of 14,582 hectares in 2023.
03:51This corresponds to an average yield of 3.17 kilograms per square meter. Despite a slight
03:57increase in the cultivated surface area of 324 hectares, production nevertheless fell,
04:02a phenomenon directly attributed to the harmful effects of drought and the scarcity of water resources.
04:08The watermelon season 2024 is therefore being announced under bad auspices,
04:12marked by a serious shortage of supplies and growing concerns about the quality of fruits.
04:18This dark table is largely the result of the water stress suffered by the Taraya Tsefil Elch region,
04:23Morocco's largest watermelon crop zone. In this context, the future of the industry seems uncertain.
04:29And finally for Clore, your OCP economic capsule successfully raises 300 million dollars.
04:35The AMI group has successfully issued an additional 300 million US dollars,
04:39linked to its international mandatory emission, carried out in May 2024,
04:43which rose to 2 billion US dollars. This tapestry operation was carried out
04:48in accordance with the authorization of the OCP Board of Directors and at the disposal of the
04:53European Regulation, which allows the issuance of additional obligations in a 12-month period,
04:59following an initial issuance, in simplified conditions and with a limit of 30% of the initial amount.
05:05It is therefore 75 million dollars with an expiry in 2034,
05:09out of a coupon of 6.75% and 225 million dollars with an expiry in 2054,
05:16out of a coupon of 7.5%. In addition, the OCP plans to affect the funds raised
05:21to finance its investment program and its general needs.
05:25Obligations are listed on Euronext Dublin and benefit from BB Plus rating for Fitch Ratings,
05:31BB Plus positive for Standard & Poor's and BAA3 stable for Moody's.
05:36This was the essentials of your Economic News.
05:39Enjoy the rest of the program on our antennas.