JT Economie - 04/07/2024
MEDI1TV Afrique : JT Economie - 04/07/2024
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00:00Hello and welcome, it's time for your Economy News.
00:09In Morocco, we start with this figure, 16,300, it is the number of people who benefit from
00:15the Direct Housing Assistance Program until July 2.
00:18According to the Ministry of Housing Development, the housing acquired as part of this program
00:23represents a total value of 6.3 billion dirhams.
00:27The number of authorized projects has increased by 16%, sales of cement by 20% and loans
00:33to housing by 1.5% between May 2023 and May 2024.
00:38According to the Ministry of Housing Development, a total of more than 81,006 requests for housing
00:43were registered at the end of June.
00:46In national economic news, Morocco also plans to double the capacity
00:51of its airports, bringing it to 80 million passengers per year by 2035, against 40 million
01:00currently.
01:01The announcement was made by the Ministry of Transport and Logistics, which indicates
01:05that this ambition is based on extension and renovation projects of several airports.
01:11These efforts aim to prepare the kingdom for the joint organization of the World Cup
01:16of Soccer in 2030.
01:17At the same time, Royal Air Morocco plans to quadruple its fleet by 2037 to strengthen
01:23the role of the international airport Mohamed V of Casablanca as an international hub.
01:29In African economic news, the World Bank approved a subsidy of 207 million dollars
01:37to support the Zombie in its efforts to reduce the effects of drought on
01:42vulnerable populations.
01:44The approval by the World Bank of this second funding will strengthen existing social protection
01:49programs and reduce the harmful effects of the vast drought that the country is experiencing
01:54in a limited national resource context.
01:58According to the Zombie authorities, the funds will complete the government's response plan
02:02to drought, by intensifying the social transfer program in kind to help fill
02:08the deficits and ensure regular monetary transfers.
02:11Note that the Zombie has declared the periods of prolonged drought as a national disaster
02:17and an emergency in the country.
02:19In international economic news, the European Union imposed a conservative rate of up to
02:2538% of additional customs rights on imports of Chinese electric vehicles, before a
02:31final decision in November accusing Beijing of having illegally subsidized its manufacturers.
02:38These new so-called compensatory customs rights, which add up to a tax of 10%, already applied
02:43by the European Union, to vehicles manufactured in factories in China, will be in force
02:48from this Friday.
02:50The European executive now has up to four months to decide to impose definitive rights,
02:56which leaves open a window of dialogue with China while these definitive rights would
03:01be valid for five years.
03:02Note that electric vehicles coming from China represent nearly 20% of the European market
03:07against nearly 3% only three years ago.
03:11According to sector estimates, Chinese brands account for 8% of electric vehicles sold
03:17in the European Union.
03:18Still in line with the automotive sector, General Motors will pay the US Road Safety
03:24Agency 145.8 million dollars.
03:28It is a penalty for under-evaluating the level of emissions of these vehicles.
03:33The agreement signed with the American automaker concerns some 5.9 million vehicles
03:39manufactured between 2012 and 2018, SUV pick-ups currently in circulation.
03:44According to the Environmental Protection Agency, tests carried out on some of these
03:49models showed that their carbon dioxide emissions were above average
03:53of more than 10% at the level declared by the manufacturer.
03:56In June 2023, General Motors had agreed to pay more than 128 million dollars to the same
04:02agency for not having achieved the objectives of fixed fuel consumption by the government.