MEDI1TV Afrique : JT Economie - 11/11/2024
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00:00Hello and welcome to your economic meeting on Median.
00:13We start in Morocco. The unemployment rate in the agricultural sector has increased again in the third quarter of 2024, reaching 13.6%.
00:22It stagnated at 17% in urban areas and in rural areas. It has increased, rising from 7% to 7.4%.
00:30These job losses in the countryside find their origin in the successive years of drought.
00:35According to the last note of the High Commission on Plans, the agriculture, forestry and fishing sectors have lost 124,000 jobs in the third quarter.
00:44In this sense, many workers in the rural world have migrated to other activities such as trade, transport and craftsmanship.
00:52These activities are less vulnerable to climate change and ensure more or less regular incomes.
00:58Still in the Kingdom, Morocco, in the development of its financial sector, is at the heart of African initiatives to unlock investment.
01:08According to the European Investment Bank, the conditions of financing in the Kingdom, and in other countries in North Africa,
01:15show resilience in the face of global fluctuations, despite the challenges related to inflation and fluctuations in interest rates.
01:22This is, in any case, the conclusion of the report carried out by the BEI, entitled
01:27Finance in Africa, Unlocking Investment in the Age of Digital Transformation and Climate Transition.
01:35In this sense, Morocco stands out for its ability to mobilize capital on the international bond market,
01:42a position strengthened by recent sovereign emissions in a strong currency.
01:47With a credit market expanding and a moderate monetary policy, the country manages to attract investors while ensuring economic stability in the region.
01:57This dynamic is supported by the improvement of financing conditions in 2024,
02:03marked by the growing confidence of foreign investors and the drop in interest rates,
02:08which has allowed countries such as Morocco to regain mandatory emissions after a difficult period of global monetary hardening.
02:17Staying in Africa, the Board of Directors of the African Development Bank Group has just approved a loan of about 25 million euros.
02:26The goal is to strengthen the development of value chains in fishing and aquaculture in the Ivory Coast.
02:33This funding should allow this country, West Africa, to increase the contribution of the sector to the local and national blue economy.
02:41This program, which will be carried out over a five-year period, should benefit more than 700,000 people directly or indirectly.
02:50According to Joseph Ribeiro, the General Director-Adjunct of the BAD for West Africa,
02:55the involvement of the Bank in this project will facilitate the implementation of aquaculture and fishing infrastructures,
03:02develop skills in the allotment sector, and contribute to the improvement of the governance of maritime, lagoon and continental fishing.
03:11It also aims to promote the development of commercial aquaculture through the training and implementation of a reliable system of production of fish and quality food.
03:21Direction Egypt, in October, the annual inflation rate rose to 26%, according to the Central Agency for Public Mobilization and Statistics.
03:32This slight rise in inflation is due to the increase in food products prices,
03:37as well as the prices of fuels and certain services, such as transport and telecommunications.
03:43The government increased fuel prices by 9% in October.
03:47The price of food and drinks increased by 27% annually, and cereals and bread increased by 37%.
03:57As part of its program of nearly $8 billion, it concluded with the IMF that inflation is one of the main objectives of Egypt.
04:06In September, Prime Minister Mostafa Madbouli declared that inflation will be below 10% by the end of 2025.
04:15The Central Bank of Egypt plans, for its part, a decrease in the inflation rate in the first quarter of 2025.
04:22Still in terms of inflation, in Brazil, it increased to nearly 5% over a year in October.
04:30For good reason, the rise in energy and food prices is due to a historical drought.
04:36The consumption price index is thus above the fork, between 1.5% and 4.5%, aimed at the Central Bank and the government.
04:46According to the Institute of Statistics IBGE, the monthly inflation in October rose to 0.56% against 0.44% in September.
04:56The rise in inflation, which had already begun in September, is one of the main reasons that pushed the Central Bank to raise its directorial rate by 0.5% to reach 11%.
05:08Italy has recently surprised the world by becoming the fourth largest exporter in the world, surpassing economic giants such as South Korea and Japan.
05:18The country has become one of the world's largest exporters thanks to its industrial districts, areas that include hundreds or even thousands of companies specializing in export.
05:29Many of these SMEs and TPEs, often family-owned, export up to 90% of their production.
05:36This structure is special, each company is an expert in a chain of chains, thus allowing efficient cooperation and high-quality production.
05:46Italy, with less than 25 million assets, manages to surpass more populous countries thanks to a varied supply, ranging from agri-food to luxury, through fashion and naval construction.
05:58The Italian presence on the world market is also favored by the Italian diaspora, which contributes to bringing culture and Italian products to the world.
06:09We come to the end of this economic news.
06:12Stay tuned for more news on Median.