MEDI1TV Afrique : JT Economie - 04/11/2024
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00:00Hello and welcome to your economic meeting on Médien.
00:12We start in Morocco, which is convenient for France to build a satellite communication system to serve Africa.
00:20A project that will provide a high-speed Internet service to support the digital transition of the continent.
00:27In this sense, the Moroccan company Bonsat and Thales Alenia Space, a co-company between the Thales and Leonardo groups,
00:35have announced the signing of an agreement protocol for the construction of a Moroccan satellite communication system.
00:41This telecommunication system aims to provide high-speed connectivity to 26 African countries, including 23 French-speaking countries,
00:49and to serve a population of more than 550 million people, spread over an area of 12 million square kilometers.
00:57The agreement protocol was signed during the official visit of Emmanuel Macron to Morocco,
01:02in the presence of Nadiaftah Alawi, Moroccan Minister of Economy and Finance,
01:07and Antoine Arman, French Minister of Economy, Finance and Industry.
01:11This agreement is part of the roadmap between the two countries
01:15concerning digitization initiatives in the African region, such as Digital Economy for Africa or Digital Morocco 2030.
01:23Still in the Kingdom, on the eve of the 7th Marrakech Aeronautics Fair,
01:28the Moroccan Minister of Industry and Trade, Riyad Mzour,
01:31highlighted the main strengths of the Moroccan aerospace sector and challenged the participants of the Marrakech Airshow 2024.
01:40This challenge will be met by the 147 companies in the sector,
01:45which carry out an annual turnover of about 22 billion dirhams
01:49and employ 21,000 employees with a local integration rate of 40%.
01:54As underlined by the Minister of Industry and Trade,
01:57the increase in the production capacity of Morocco in this sector has attracted important international partners,
02:04which allows the manufacture of any aircraft component on Moroccan soil.
02:12Riyad Mzour, however, explained that the next step was to reach the complete assembly of the aircraft in the Kingdom.
02:19According to the latest data published by the Moroccan Trade Office,
02:23the aerospace sector recorded revenues of about 11 billion dirhams between January and May of this year,
02:29an increase of 17% compared to the figure of the same period in 2023,
02:34an increase attributed to the increase in sales in the assembly sector.
02:39Industrial activity in Morocco would have recorded an improvement in September 2024 compared to the previous month, according to Banca Al-Marrib.
02:48Production would have increased in all branches,
02:51with the exception of agri-food and leather textiles, where it would have stagnated.
02:56According to the Central Bank, in these conditions,
02:59the rate of use of capacities would have increased by 2 points to reach 79%.
03:04In terms of sales, they would have recorded an increase in all branches,
03:08with the exception of leather textiles, where they would have stagnated.
03:12The order books would be, for their part, located at a normal level,
03:16covering levels higher than normal in chemistry and parachemistry
03:20and in electrical and electronic and lower than normal in agri-food,
03:25leather textiles and mechanics and metallurgy.
03:28For the next three months, industrialists anticipate an increase in production and sales in all branches of activity,
03:35with the exception of agri-food, where it is expected to stagnate.
03:39Placed at the international news, the International Monetary Fund will begin on Tuesday
03:45to review the program of loans for 46 months in Egypt,
03:49said Prime Minister Moustapha Madbouli on Sunday.
03:52This review is part of a loan agreement signed with the IMF in April.
03:57It was rather carried out this year from 3 to 8 billion dollars
04:00to help the country to manage its economic challenges.
04:03This review should result in unblocking 1 billion dollars of new financing from the institution of Bretton Woods.
04:10The Director General of the IMF, Kristalina Georgieva,
04:13saluted the commitment and actions undertaken by Egypt,
04:17including the adoption of a flexible exchange system,
04:20the strengthening of the role of the private sector and the end of non-targeted subsidies.
04:24Earlier on Sunday, Georgieva had met with Egyptian President Abdel Fattah el-Sisi,
04:29who declared that his country would give priority to the relief of the burden
04:34that inflation represents on citizens,
04:36focusing on the reduction of the price increase by attracting investments and strengthening the private sector.
04:43China, which has agreed with Slovakia to strengthen their relations,
04:48will have strategic partnerships.
04:50The objective is to expand their cooperation in the fields of economy and energy.
04:55In a joint statement, the two parties agreed to deepen their cooperation
05:00in the sectors of sustainable development and to explore opportunities in the field of green technologies.
05:06The Chinese president also called for strengthening cooperation
05:10in the fields of new energies, transport, logistics and infrastructure construction.
05:16As a reminder, China is the main commercial partner of Slovakia,
05:20outside the European Union.
05:22According to the Chinese Ministry of Foreign Affairs,
05:25bilateral trade between the two countries
05:27went from about $4 billion in 2010 to $12 billion in 2022.
05:32We touch at the end of this economic news.
05:35Very good follow-up of programs on Median.