Midi infos - 16/07/2024
MEDI1TV Afrique : Midi infos - 16/07/2024
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00:00Hello and welcome to Median TV. Thank you for joining us for a new newscast. Here are the headlines.
00:19In the case of the Samir case, the International Center for Regulation of Investments, rejects most of the demands of Coral Holdings.
00:28The CIRDI grants less than 6% of the amount requested by the Samir's reference shareholder.
00:35Donald Trump welcomed under the acclamations on Monday at the Republican Convention in Milwaukee,
00:40when a president appointed James David Vance, a 39-year-old senator, to support him in the presidential race.
00:48In Rwanda, Paul Kagame is heading towards a 5th presidential mandate after the removal of more than 79% of the bulletins.
00:54The outgoing president has more than 99% of the votes. We talk about it at the beginning of the newscast.
01:03The International Center for Regulation of Investments rejected yesterday most of the demands of the Coral Morocco Holdings group
01:11in the case of the Samir case. Demands estimated at 2.7 billion dollars.
01:16The institution was only granted a compensation of 150 billion dollars,
01:20which is close to 6% of the amount that the group claimed.
01:24The Minister of Economy and Finance, Nadiya Ftahalewi, said that Morocco is studying all the possibilities,
01:29including the cancellation of the CIRDI.
01:32Morocco recalled all the means put in place for the benefit of the Samir by the public authorities since 2002
01:37to preserve the activity of the refinery, whose financial situation has never been rectified by its reference shareholder.
01:47And following the unfavorable verdict of the CIRDI in the case of the Samir case,
01:51we are live from Rabat with Mustapha Sreimi, a political scientist. Hello.
01:55Hello.
01:57To start, a word on the role and procedure of CIRDI,
02:02the International Center for Regulation of Investments,
02:05which has just given its verdict in this case opposing Morocco to the Coral Morocco Holdings group.
02:11It should be noted that the CIRDI is an institution that is a member of the World Bank group.
02:18It was created by a Washington Convention,
02:23what is called the Washington Convention of 1965,
02:26and it has about 150 members. Morocco is obviously a member of this CIRDI.
02:32The Moroccan position was strong,
02:35and that is why the Kingdom welcomed this arbitrary sentence with satisfaction,
02:40thus granting its demands.
02:44Why is Morocco satisfied?
02:46Because it has established as a support piece,
02:49in the course of a long procedure,
02:51the shortcomings of the contractual obligations of the Coral Morocco Holdings group,
02:57of which the majority shareholder is the Saudi businessman Al Hammoudi.
03:03Morocco had refused until now,
03:07in the course of the procedure,
03:09a possibility of agreement on my investment,
03:11which was not subject to mediation,
03:14given the quality and solidity of its files,
03:18and that is why there is satisfaction,
03:21expressed by the Minister of Finance.
03:24The Saudi businessman had claimed 2.7 billion dollars,
03:29as you have said,
03:31and he only obtained a compensation of 250 million dollars,
03:35which could make Morocco an object of an annulment.
03:39We must note the variations in the position of the Saudi businessman,
03:43who had initially asked for 1.5 billion dollars,
03:48and then practically doubled his demands.
03:51There is no solution to this,
03:55other than the arbitration of Sirdi.
03:59Why did we end up in this situation?
04:02Because the Saudi businessman had practiced a policy of blackmail,
04:08in the place of the Moroccan authorities.
04:10We must remember that the Samir was privatized in 2017,
04:14and that it became an object of an annulment,
04:21by the Saudi businessman, in August 2015.
04:24He had claimed that there were breaches and unfair treatment,
04:29which were applied to him by the Moroccan authorities,
04:32which is false, and which was not retained by Sirdi.
04:35We must also add that on the same date, in August 2015,
04:39the Samir was in judicial liquidation with a union,
04:43and that it owed a huge sum of money,
04:46of the order of 43 billion dirhams,
04:49due to whom? Due to customs, taxes and banks.
04:52We must also add in the procedure,
04:55that on November 5, 2018, three years after the closure,
04:59the trade court of Kazakhstan,
05:02which had already pronounced judicial liquidation,
05:05extended this judicial liquidation to the personal property of the Saudi businessman.
05:11We are here today.
05:14So, Sirdi, you said it,
05:16still granted a compensation of 150 million dollars
05:20to the Coral Morocco Holdings Group,
05:22which represents 6% of the amount initially requested.
05:26So, what is the object of this litigation?
05:29The litigation is about the conditions in which
05:32the Samir was managed by the Saudi businessman.
05:36He organized, practically,
05:39the insolvency, the capital flight.
05:42The Samir, you know, in August 2015,
05:45refined 200,000 barrels a day.
05:48And he started, from that date,
05:51to reduce production.
05:53There were big management problems.
05:55And that's why the Moroccan authorities
05:58seized the Moroccan justice,
06:00the Court of Commerce of Casablanca.
06:03And it's a character who had a strategy
06:07of liquidation of the Samir
06:10and of extraction of the assets of the Samir,
06:14of the heritage of this unit.
06:19And then Morocco, of course,
06:22took charge of this case,
06:24voluntarily and firmly.
06:26And for that, there is an international procedure that is indisputable.
06:30It's the seizure of the SIRDI.
06:32Morocco asked for the arbitration of the SIRDI,
06:36not the mediation or the conciliation,
06:39because it was considered that there was no possible mediation
06:42with such catastrophic and condemnable practices
06:46as that of the Saudi businessman.
06:48And good law was given to the Moroccan request.
06:51This proves that Morocco respects
06:54the international legislation,
06:57the protection of investment.
06:59There is a legality, there is a justice,
07:02and it is a strong sign addressed to the economic operators
07:06who do not doubt, of course,
07:08the attractiveness of the business climate
07:10and investment in the kingdom.
07:12So with this case, can we say that Morocco
07:14reduces its chances a little?
07:16Or maybe we'll see new refinery projects
07:18set up in Morocco in the years to come?
07:21It was mentioned by the Minister of Economy and Finance,
07:24because it is a major strategic tool.
07:27The problem of Morocco is that today
07:30there are practically no refineries.
07:33However, all the oil is imported
07:38with refineries in Spain, elsewhere, etc.
07:42So the cost of the refinery is not the same.
07:46And in the context of energy sovereignty,
07:49it matters that the SAMIR is revised, corrected,
07:52saved, if I may say so,
07:54because it is an element of the strategy
07:57of energy sovereignty.
07:59Thank you, Mustapha Sahimi, for all these clarifications.
08:02I remind you that you are a political scientist
08:04and a law professor.
08:08We stay in Morocco.
08:10More than 56,000 sinister families
08:12have benefited from the financial aid allocated
08:14to rebuild and rehabilitate the houses
08:16damaged by the Dalhousie earthquake.
08:18In front of the House of Representatives,
08:20the head of the government revealed
08:22that he is interested in a 95% completion rate
08:24and an envelope of about 1.4 billion dirhams.
08:27The Moroccan government also plans
08:29to implement a program for the period 2024-2028
08:32aimed at accelerating the fight against unsanitary housing
08:35and the definitive eradication of slums
08:37for the benefit of 120,000 families.
08:39I would like to invite you to listen
08:41to the head of the Moroccan government.
08:45After a ten-day meeting
08:47by the inter-ministerial commission
08:49in charge of the reconstruction
08:51and general rehabilitation program
08:53of the areas affected by the Dalhousie earthquake,
08:55more than 56,000 families
08:57in the affected areas
08:59have benefited from the financial aid
09:01allocated to rebuild and rehabilitate
09:03their damaged houses,
09:05with a completion rate of 95%
09:07and an overall envelope
09:09of about 1.4 billion dirhams.
09:13The number of building permits
09:15awarded to targeted families
09:17has risen to more than 53,000 permits,
09:19representing 90% of the population
09:21in Dalhousie province.
09:31In response to a question
09:33on the policy of urbanization and housing
09:35and its impact on economic dynamics
09:37and spatial and social development,
09:39the head of the government
09:41addressed the assessment
09:43of the Direct Housing Assistance Program.
09:45Since its launch
09:47at the beginning of this year,
09:49the Direct Housing Assistance Program
09:51has been a success
09:53that has exceeded expectations
09:55and has met
09:57a strong demand
09:59from Moroccans
10:01inside and outside Morocco.
10:05On July 15,
10:0784,500 applications
10:09to benefit from the aid
10:11were deposited
10:13on a dedicated platform.
10:17The number of beneficiaries
10:19of the program
10:21rose to about 17,000,
10:23of which 44%
10:25were women
10:27and 22% were Moroccans
10:29living abroad.
10:33The total value
10:35of acquired housing
10:37rose to 6.3 billion dirhams
10:39with a contribution
10:41of 800 million dirhams.
10:45At the same time,
10:47the sector of urbanization
10:49and housing has recorded
10:51positive indicators
10:53since the launch
10:55of this royal site.
10:57During the first quarter
10:59of this year,
11:01the number of authorized projects
11:03increased by 16%,
11:05the added value
11:07of the building and public works sector
11:09to 1.5%
11:13and the loans
11:15to real estate developers
11:17to 3.8%.
11:19Donald Trump welcomed
11:21Milwaukee's Republican Convention
11:23as a hero.
11:25Two days after escaping
11:27an assassination attempt,
11:29the former American president
11:31raised his fist
11:33by entering the huge
11:35blue and red decorated room
11:37of the Republican Party.
11:39Yesterday evening,
11:41Donald Trump accepted
11:43the formal invitation
11:45of the Republican Party
11:47next Thursday.
11:49Donald Trump was officially
11:51appointed this Monday
11:53a candidate of the Republicans
11:55at the presidential election.
11:57The former American president
11:59appointed James David Vance,
12:01a 39-year-old senator,
12:03to support him in the presidential race.
12:05The themes of the convention
12:07will be purchasing power,
12:09immigration, crime and security.
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14:27If the divergences persist, the presidents are in a situation that is obviously difficult
14:34because who to nominate so that we can hope to have a majority, not a majority, but finally
14:43a sufficiently solid political group to support a government and allow it to make a number
14:52of decisions, to vote for laws that allow it to ensure the government of France.
14:58In the current political landscape, personally, which I consider to be totally shattered,
15:05I see absolutely no way out, especially on the side of what is called the left, because
15:12the left ultimately represents only a minority in the country compared, on the one hand,
15:17to the hard right of the National Assembly and to the centrist right, center-right, center-left
15:24that represents Renaissance or the Republicans.
15:27So I think that we are in a deadlock at the moment.
15:31This political crisis in France, would it lead to a constitutional revision to balance
15:36the powers?
15:37Are we heading towards a sixth republic?
15:39Michel Rousset gives us the details.
15:43Listen, I don't know.
15:45Anyway, the big problem is that the leaders of the main formations agree, but those
15:52who are likely, in my opinion, to agree, are those of what we used to call the Macronie,
15:59that is, the Renaissance, and on the other hand, the Republicans, with perhaps some
16:06dissidents of the moderate wing of the National Assembly.
16:11It is around the center-left, center-right, that it is possible to find a solution to the
16:16current political situation.
16:17Well, listen, I have already lived under the fourth republic for a long time.
16:21I believe that the fifth republic has shown its ability to overcome a number of trials
16:28and I don't see the need to set up a sixth republic in which we don't see at all what
16:33it could be.
16:34The only thing that could currently be done is a modification of the electoral law
16:40in order to introduce in the electoral system a proportional dose that would allow to soften
16:46a little the rigor of the functioning of the majority system at the rate we are advancing
16:51today.
16:53A bus carrying about fifty employees of an industrial group crashed this Tuesday in
16:58the northeast of Spain.
17:00Three people are in critical condition while thirty other people are injured.
17:04The bus that connects Barcelona to the city of Tordera crashed vertically into the entrance
17:09of a tunnel.
17:10Emergency services have specified that they have taken in charge a total of fifty-two
17:14people, including three in critical condition.
17:22In Mali, since July 10, political parties have resumed their activities.
17:25The Independent Authority for Election Management has met with the political class to relaunch
17:30its framework of exchanges after three months of interruption.
17:33This is a report by Mohamed Taniouko.
17:36This meeting between the Independent Authority for Election Management and the political
17:41class, a few days after the suspension of party activities, was placed under the seal
17:47of the relaunch of the activities of their framework of exchanges.
17:51This new political context, if we design this opportunity that is offered, creates favorable
17:58conditions for our framework of exchanges, which appears to be institutional materialization.
18:05The dialogue between the political class and the political parties must ensure the organization
18:12and the holding of elections in our country.
18:16For some, this meeting, in addition to the suspension of political party activities,
18:22is a foretaste of a future publication of an electoral calendar.
18:27Normally, this suspension of political party activities must lead us to the elaboration
18:34of an electoral calendar for the holding of pre-election elections, to end the transition.
18:43During this meeting with the Independent Authority for Election Management, to mark their support
18:49to their comrades in prison, the members of the framework of the signatory parties of
18:54the 31 March communiqué left the room.
18:58We have decided to suspend our participation in this political meeting and all the other
19:05meetings to come, because 11 of our political comrades are unjustly detained.
19:14We think that this meeting is a surprise.
19:19It is not natural to facilitate the obtaining of liberation.
19:25Following the political parties, the IJ plans to meet the civil society to renew the same exercise.
19:35In Dakar, the Consortium for Economic and Social Research presented the results of the research
19:40on the reallocation of the special drawing rights of the FMI.
19:43Experts emphasize that reforms are necessary to access the FUD for resilience and durability.
19:49Jeunesse Moukaï, Cheikh Ndao, gives us the account.
19:53At this workshop in Dakar, the results of the research on the reallocation of the special
19:58drawing rights of the FMI have been restored.
20:00How could CDTS of the International Monetary Fund finance the economic recovery of Senegal?
20:05It should be remembered that these are resources that are made available by the G20 countries
20:16following the exceptional allocation of 650 billion of DTS decided by the Board of Directors
20:25of the FMI in 2021 in response to the budgetary difficulties of the countries following COVID-19.
20:35In order to access the FUD for resilience and durability of Senegal, several conditions must be met.
20:42There are three conditions to access the FUD for resilience and durability.
20:48The first condition is to conduct strong political reforms.
20:55The second condition is to carry out a program supported by the FMI.
21:02These two conditions have already been met by Senegal.
21:06The third condition is to present a viable public debt and increase the ability to mobilize resources.
21:18Following these workshops, the Consortium for Economic and Social Research, or CRES,
21:24plans to share the results with public decision-makers and civil society.
21:29What we can do is to share our results, which will obviously take into account the discussions
21:39that have taken place during this workshop, share our results with the decision-makers,
21:45with civil society, with all those who are interested in the Senegalese economy,
21:52and we anticipate that these results will be useful for all those who have dealt with this aspect of the Senegalese economy.
22:05This initiative of CRES, in partnership with the African Consortium for Economic and Social Research,
22:10could mark a decisive turn for the Senegalese economy.
22:14The Senegalese government is doubling its efforts to preserve the country's natural resources,
22:19including gold.
22:21The Senegalese jewellers invite the authorities to set up a commercial counter to facilitate the purchase of gold locally.
22:29This is a report by Evassania and Cherndaou.
22:33Senegal exports part of its gold, thus contributing to its national economy.
22:39However, the commercialization of gold in Senegal is a significant economic activity
22:45that has been growing for a few years.
22:48Its inflation refers to the price increase on the market.
22:52Precious material, its economic instability is often perceived as a safe value reserve.
22:59This is why a demand for gold, whether for investments, jewellery or other industrial uses, can lead to a price increase.
23:10Don't forget that gold is fixed on the international market,
23:15which is called the ounce, which determines the value of gold.
23:18Since gold is fixed on a certain currency or currency,
23:22it is fundamentally a prized product on the market,
23:26which can play a fundamental role in the demand, the supply and the price,
23:31thus creating inflationary situations or a social trend.
23:35Senegal has several gold mining sites in different regions of the country,
23:40notably in Sabadola, where the country's largest gold mine is located.
23:44Gold is sold in local and international markets.
23:49We have denounced the fact that Senegalese gold does not circulate in Senegal
23:55because there is no gold purchasing office.
23:58Since there is no gold purchasing office,
24:00raw material is becoming increasingly rare for the jewellery craftsman.
24:05So this is a problem in Senegal.
24:07Senegal cannot be a gold producing country
24:10and there is no gold purchasing office here in Senegal, nor a gold refinery.
24:15Although it offers economic opportunities,
24:18gold also has a lifespan and a touch of beauty,
24:22as confirmed by this lady.
24:24I love gold and I also ask women like me to buy gold jewellery,
24:32because gold is like a safe or a bank account.
24:37It has value.
24:39It has a touch of beauty in women.
24:41The aesthetic aspect is incomparable.
24:44I just bought two bracelets for 21 carats.
24:50It should be noted that the commercialization of gold in Senegal is a growing industry.
24:55The new Senegalese authorities are aiming at transparency and good governance.
25:02A way to make their population benefit from the economic downturns of these industries.
25:10This is the end of this news. Thank you for watching.
25:12Stay with us, the info continues on Mediain TV.