MEDI1TV Afrique : JT Economie - 27/09/2023
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00:00 [Music]
00:05 Welcome to Mediantv, it's time for your daily economy update.
00:10 At the beginning of this edition, inflation in Morocco should fall from 6.6% in 2022 to 6% on average this year,
00:19 before reaching 2.6% in 2024, according to Banque le Marib.
00:25 The Bank also noted the sharp decline in inflation, which rose from a peak of 10.1% in February last year to 5% in August.
00:35 This decline was favored by the reduction in external pressure and the tightening of the monetary policy.
00:43 Inflation anticipations, both on average and in the long term, have seen a considerable decline in the third quarter of 2023.
00:51 Preliminary Bank le Marib assessments show that the transmission of these last three decisions on the director's rate
00:59 to monetary conditions and the real economy remains partial.
01:03 We are now interested in the growth of the national economy.
01:07 It should see a gradual improvement, going from 2.9% in 2023 to 3.2% in 2024, according to Bank le Marib projections.
01:19 This evolution would result in an increase of 5% of the added agricultural value this year and 5.9% in 2024,
01:28 under the assumption of an average cereal production of 70 million quintals, according to Bank le Marib.
01:36 For non-agricultural activities, the rate of progress should show a slowdown of 2.6% this year,
01:44 followed by a 3% increase in 2024.
01:48 Still in Morocco, the OCP Group achieved a net result of 3.4 billion dirhams in the first half of 2023.
01:57 The turnover of the OCP in the first half was therefore 37.6 billion dirhams, against 56 billion in the first half of 2022.
02:09 This decline mainly reflects the drop in sales prices in all product categories compared to the exceptional price levels observed in the first half of last year.
02:21 This has led to less favorable comparisons from one year to the next.
02:25 Regarding gross margins, it rose to 18.5 billion dirhams, against 37.97 billion recorded last year.
02:36 This significant reduction is explained by the stock of raw materials previously constituted at high costs, as well as by the large accumulation of stock in 2022.
02:48 We stay in Africa, heading now to Benin.
02:52 The Benin government has just adopted the Finance Bill for 2024,
02:57 which provides for a 6.5% GDP growth against the 6.1% expected at the end of December 2023.
03:05 The General Budget for 2024 is guided by guidelines aimed at accelerating the structural transformation of the economy
03:15 and to better distribute the fruits of growth.
03:19 According to the Benin government, this good trend mainly results from fiscal and non-fiscal reforms
03:26 centered on the dynamic of consumption and massive investments in key sectors of the Benin economy in the course of implementation since 2016.
03:36 And in international news, the European Union has allocated an envelope of more than 7 billion euros for projects related to sustainable transport.
03:47 According to the European Commission, this budget will concern in particular new infrastructure on the trans-European transport network.
03:55 The projects selected for funding will help the European Union to achieve its climate goals.
04:03 They will also improve safety within the EU transport network.
04:08 According to the European Executive, these investments are aimed at strengthening connectivity
04:14 in order to support the competitiveness of the domestic market, both for passengers and for freight.
04:21 The aim is to ensure a better quality of life and a reduction in emissions.
04:26 And finally, the United Kingdom, which on Wednesday launched one of the largest oil and gas projects,
04:34 the Rosbank-Dekinor field in the North Sea.
04:37 This announcement comes as British Prime Minister Richard Sonac softened the measures of the country
04:43 aimed at achieving carbon neutrality in 2050.
04:47 This sparked an intense debate on the British strategy to fight climate change.
04:54 The British Minister of Energy Security assured for her part that Rosbank would produce less greenhouse gas
05:01 than the former oil and gas operations, because the project was designed with emissions reduction measures.
05:09 Also know that this deposit should produce 300 million barrels of oil over its lifetime.
05:16 This is the end of this edition. Thank you for following it.
05:19 Have a good rest of the programme on Mediantv.
05:22 [Music]