MEDI1TV Afrique : JT Economie - 03/02/2025
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00:00Hello, and welcome to your Economic Crossroads on Medi-1.
00:12We start in Morocco, where the national electrical system will be able to receive 9,338 MW of renewable energy between 2025 and 2029,
00:22an increase of 29% compared to the previous year.
00:26An advance that reflects the commitment of the Kingdom to develop clean, safe and affordable energy in accordance with the Royal High Instructions.
00:34Over the period 2025-2029, the total capacity of the national electrical system in renewable energy sources will accumulate nearly 9,338 MW,
00:45of which 1,324 MW will be received at the distribution networks.
00:50An increase of 29% compared to the previous year.
00:55An investment of nearly 30 billion dirhams in the national electrical transport network was allotted for the period 2024-2030,
01:03without taking into account the project of an additional 3 GW high voltage electrical connection between the South and the centre of the Kingdom.
01:10We stay in the Kingdom, where Atijari Global Research has revised its predictions for the Morocco Credit title
01:16for the period 2024-2026, recommending the purchase of shares with a short-term goal of 1,253 dirhams.
01:23This valuation suggests a potential 17% increase over the course of January 27, 2025.
01:30Over the first nine months of 2024, the Morocco Credit has displayed a robust commercial and operational dynamic.
01:37According to Atijari Global Research, the annual results should exceed market expectations,
01:42both in terms of profit growth and in terms of dividend distribution.
01:46Analysts have revised their predictions for 2024, integrating several adjustments.
01:51The growth of the net bank product is now estimated at 10.2% more than 7.8% initially.
01:58A revision supported by a market share recovery,
02:01of which the credit is a boost in market activity,
02:04which represented 12% of the net bank product at the end of September 2024,
02:09compared to 9% in 2023.
02:11Also, the Morocco Credit displayed a clear result for the group,
02:15reaching 575 million dirhams at the end of September 2024,
02:19a 29% increase compared to the previous year.
02:23Still in national news,
02:25Morocco represents more than 21% of BERT investments in the southern and eastern part of the Mediterranean Basin,
02:32better known as the Semed region.
02:35Out of a total of 24 billion euros of approved investments to date,
02:39more than 5.1 billion euros have been allocated to Morocco.
02:42However, Egypt remains largely in the lead of the beneficiaries,
02:45with more than 13 billion euros awarded by the institution.
02:49At the end of 2024, the cumulative investments of BERT in the Semed region since 2012
02:54amounted to around 24.2 billion euros.
02:57Egypt is now leading the beneficiary countries,
02:59with a total of 13.28 billion euros of funding for 194 projects,
03:04of which 1.5 billion was approved last year.
03:07Morocco follows, with 5.1 billion euros in favor of 108 projects,
03:12of which 530 million were awarded in 2024.
03:15For the other economies of the region,
03:17BERT has invested 2.57 billion euros in Tunisia,
03:202.21 billion in Jordan,
03:22905 million in Lebanon
03:24and 157.4 million in Palestine,
03:26where the bank started its operations in South Jordan and Gaza in 2017.
03:32Other good news for the national economy.
03:34Partnership protocols were signed between the State, the stock market and the private sector
03:39on January 31st,
03:40aiming to boost the financing of Moroccan industrial companies by the stock market.
03:46Aligned with the objectives of the new development model,
03:49these agreements aim to facilitate the access of Moroccan industrial companies
03:53to stock market financing,
03:55a key lever to strengthen their competitiveness
03:58and support the country's economic growth,
04:00notably through awareness-raising actions
04:03and the co-development of suitable support programs.
04:06Indeed, with 2,000 companies creating some 27,000 jobs,
04:09a turnover of more than 185 billion dirhams in 2022
04:13and exports of the order of 43 billion dirhams in 2023,
04:17the agri-food industry sector has great development potential,
04:21both to meet national needs and to boost Moroccan exports.
04:27At the Casablanca Stock Exchange,
04:28this sector represents 6% of the stock market capitalization,
04:32with 7 companies listed.
04:34And finally, for Clore, your economic newspaper,
04:36in 2024, the growth of credit in the non-financial sector
04:40has reached its lowest level in nearly a decade,
04:43with more than 2.6%.
04:45This acceleration is mainly due to the stagnation of loans to private companies,
04:50with a limited interest rate of 0.7%,
04:53despite the monetary easing undertaken by Banque le Marib.
04:56On the other hand,
04:57public companies have benefited from strong support from the banking sector,
05:01with a remarkable 7.3%.
05:04On the other hand, loans to financial companies
05:06have progressed once again to two figures in 2024,
05:09which is 14.5%.
05:11Nevertheless, in slowdown compared to 2023,
05:14with 20.5%.
05:16In total, global credit increased by 4.6% last year.
05:21This year, it reached 1,166.3 billion dirhams,
05:25a record.
05:26This was the essential of your economic news.
05:29Enjoy the rest of the program on our antennas.