MEDI1TV Afrique : JT Economie - 05/07/2024
Category
🗞
NewsTranscription
00:00Hello everyone, and welcome to your daily economic news.
00:10We start our edition today in Morocco, where a record volume of foreign direct investment
00:16has been recorded.
00:17This is 16.1 billion dirhams at the end of May, an increase of nearly 20% compared to
00:24the same period of the previous year.
00:26According to the government's latest report, this notable progress is part of the sowing
00:31of the investment chart.
00:33Since its implementation in March 2023, the National Investment Commission has validated
00:38a total of 115 projects totaling 173 billion dirhams and generating 96,000 jobs.
00:45In national economic news, the Ministry of Economy and Finance and the World Bank
00:51have signed a $350 million financing agreement to support the reform program of public
00:59establishments and businesses.
01:00Specifically, this funding aims to support the implementation of Law 5021 and Law 8220
01:07by consolidating the strategic management of state participation and improving performance
01:13and governance of public establishments.
01:15The implementation of this program over five years will be piloted by the National Agency
01:20for Strategic Management of State Participation and the Direction of Public Enterprises and
01:26Privatization.
01:27Still in Morocco, cement deliveries have totaled more than 6.27 million tons at the end of June,
01:34marking an increase of 1.12% compared to the same period of the previous year.
01:39According to the Professional Association of Cement Workers, for the month of June alone,
01:43sales have fallen, however, to nearly 746,070 tons, against 1.05 million tons in June 2023,
01:52a drop of 29.15%.
01:55Deliveries for distribution have reached 3.60 million tons, followed by pre-employment
02:02cement with 1.40 million tons, prefabricated cement with 607,300 tons.
02:09In African economic news, Nigeria envisages a plan of some $ 1.3 billion to fight against
02:16inflation and food insecurity, which affects this country, faced with its worst economic crisis
02:22in a generation.
02:24According to the Ministry of Finance, about $ 229 million would be devoted to health and
02:29social well-being, and about $ 328 million to agriculture and food security.
02:36The Ministry of Health and Welfare stressed that the government would be able to finance
02:40these measures in the implementation would spread over six months.
02:43In May, inflation reached a record level of 33.95%, and it exceeded 40.6% in the field
02:52of food, according to the National Bureau of Statistics.
02:55In international economic news also, the commercial deficit of France on goods
03:02to reach 7.8 billion euros, marked by a progression of imports and a decline in exports, according
03:09to customs.
03:10Exports have receded by 500 million euros, while imports have increased by 300 million
03:16euros, show the statistics of the French commercial deficit, which collapsed for the third month
03:21in a row.
03:22We continue our newspaper in Europe, more precisely in Germany, where industrial production
03:27has surprised, with a sharp decline in May.
03:30Plan B for construction is the manufacturing sector, according to the Federal Office for Statistics.
03:36The key indicator for the manufacturing sector has fallen by 2.5%, and seasonal variations
03:42have been corrected, after a modest increase of 0.1% in April.
03:48Over a year, the decline of the German industry is even more marked at 6.7%.
03:54Note that the months to come are still promising for the industry, with the recent deterioration
03:59of expectations of companies in the manufacturing sector and the constant decrease in orders
04:04in 30, according to the German Ministry of Economy.