Business

A crucial milestone in the relations between Madagascar and the International Monetary Fund (IMF). The Executive Board is set to announce its decision regarding the 3rd and 4th combined reviews of the programs supported by the Extended Credit Facility (ECF) and the Resilience and Sustainability Facility (RSF). The IMF Resident Representative, Eklou Kodjovi, […] Captured […]

Madagascar Airlines is resuming its regional network. The airline has announced the commercial resumption of the Reunion – Sainte-Marie Island – Antananarivo route. The launch of this service will take place next Saturday, the scheduled date for the Madagascar Airlines ATR 72 to land at Roland-Garros Airport. The effective resumption of the route, which is

The government of the Refoundation has successfully passed its “make-up” exam before the International Monetary Fund (IMF). Madagascar has secured a new disbursement of $155 million from the IMF following the combined third and fourth reviews of programs supported by the Extended Credit Facility (ECF) and the Resilience and Sustainability Facility (RSF). The IMF Executive

The national airline is set to integrate a new aircraft soon. This acquisition aims to increase its capacity on domestic and international routes. The purchase was approved by the Council of Ministers and will be financed by the Malagasy state. The project is intended to allow the national carrier to expand its capacity, as air

Long perceived as a simple grass, bamboo is now emerging as a strategic lever for the Malagasy economy. As the country moves toward industrializing the sector, the lack of specific regulations poses a major challenge for managing the exploitation of this resource, which holds immense potential. Until now, bamboo has circulated freely throughout the national

In Madagascar, insurance has yet to become a deeply ingrained habit for the general population. While mandatory motor third-party liability insurance is relatively well-known, other forms of coverage remain largely unfamiliar. Individuals, families, students, businesses, and farmers can all benefit from various offerings, yet a lack of information and the cost of premiums remain the

The memorandum of understanding for the Volobe Amont project was signed this Wednesday at the Iavoloha State Palace, reviving the plan for a power plant with a capacity of over 120 megawatts. The focus now shifts to finalizing financing before construction begins. The agreement was signed between the Malagasy State and the Compagnie Générale d’Hydroélectricité

Madagascar Airlines is spreading its wings towards Reunion Island. The Malagasy airline has announced the resumption of the route between Madagascar and Reunion Island on December 16, featuring a connection between Reunion, Sainte-Marie, and Antananarivo. The flight will be operated by an ATR 72 with two weekly rotations. This resumption will be preceded by a

The fokontany of Maroafo has been selected as the testing site for seawater desalination technology developed by the Chinese company Jiangsu Bangtec Huachuang Sci-Tech Co., Ltd. Located in the commune of Antaritarika, in the Androy region, this site will host the technical feasibility study for seawater desalination in Madagascar, as outlined in an agreement signed

For better social protection of self-employed workers, the National Social Security Fund (CNaPS) is preparing to extend social security to independent workers. The project, presented as one of the short- and medium-term priorities of the Fund, is currently “in full preparation,” according to its general management. The announcement was made on Tuesday, September 29, in