MEDI1TV Afrique : JT Economie - 09/07/2024
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00:00Hello and welcome to this new edition of your newspaper
00:10Economic news.
00:11We start our edition of this Wednesday in Morocco.
00:13The Portuguese company Marsamaroc announces the increase of its participation in the capital
00:18of the subsidiary, the Agadir Maintenance Company.
00:21Following this operation, the share price of Marsamaroc in the capital of the company
00:26exceeds 51% to 100%.
00:29In a statement, the company specifies that through total control over the Agadir Maintenance
00:35Company, it aims to deploy strong operational synergies with the other multivalent terminal
00:42that it operates at the port of Agadir and this to offer a better quality of service
00:46to its customers.
00:47Note that the Agadir Maintenance Company is a concessionaire of the K-Nor terminal of the
00:52port of Agadir under the contract of concession signed with the National Port Agency in August
00:582016.
00:59In national economic news also, the world of fintech enriches itself in Morocco.
01:04The Saudi company Idfapay, a pioneer innovator in fintech services, has announced
01:11its expansion on the Moroccan market after having received an official license.
01:16With the latter, Idfapay is ready to bring its cutting-edge financial solutions, including
01:21soft POS, gateway payments to merchants and customers across Morocco.
01:25In a statement, Idfapay specifies that it is committed to providing companies and consumers
01:31Moroccans the highest standards in terms of financial technology, by improving their
01:37transaction experience and contributing to the local economy.
01:41Note that fintech operates in Saudi Arabia, Pakistan, the markets of Latin America
01:47and Tunisia.
01:48In international economic news, the production of soft wheat in France in 2024 is estimated
01:55at 29.7 million tons after a particularly rainy campaign, with a 15% decline compared
02:02to the previous year.
02:04According to forecasts published by the Statistical Service of the Ministry of Agriculture, in
02:0820 years, only two other harvests did not exceed 30 million tons in 2016 and 2020,
02:14evaluating at 13% the drop in production of all soft wheat cereals.
02:20The campaign was difficult for cereals, too much water, not enough sun, which led
02:25to delays in sowing, a proliferation of weeds and a decline in disease, specifies the Ministry
02:32of Agriculture.
02:33Conditions of adverse crops have sometimes led farmers to give up sowing
02:37wheat, which offers various benefits of spring crops.
02:42In international economic news, Turkey has also signed an agreement with the Chinese
02:47electric vehicle manufacturer BYD for the opening of a factory.
02:51The agreement provides for an investment of $ 1 billion for the opening of a site offering
02:565,000 direct jobs for a production capacity of 150,000 cars per year, according to the
03:03ministry.
03:04Turkey has decided in June to exonerate Chinese investments in its territory and not to tax
03:10import of Chinese-made cars in order to encourage investment.
03:15The implementation of BYD in Turkey would allow car manufacturers to access the European market,
03:21while the European Union imposed last week as a conservative up to 38% of additional
03:27customs rights on imports of Chinese electric vehicles.
03:32Portugal, which hosted 26.5 million foreign tourists last year, is now heading for a
03:41record 19.2% compared to 2022 and an increase of 7.7% compared to 2019, the year before
03:51the COVID-19 pandemic.
03:52According to the National Institute of Statistics, with 5.7 million visitors, Spain is next door,
03:59and maintained as the main emitter market of international tourists, with a quota of
04:0425.2%.
04:05The Spaniards are followed by the British and the French, with nearly 3 million visitors
04:11each.
04:12Note that tourism represents about 12% of the GDP of Portugal, which experienced in 2023
04:18an economic growth of 2.3%, among the strongest in the European Union, carried in particular
04:25by exports.
04:26For this year, growth should be 1.5%, then 1.9% next year.
04:33According to the Portuguese government, the Central Bank is the table on its side on a
04:39growth of 2% this year and 2.3% next year.
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