Business

COMMERCE – ANMCC denounces fraudulent practices by some condensed milk importers to bypass safeguard measures

Non-compliant labels. Enhanced labeling controls conducted by the National Authority for Corrective Measures (ANMCC) have revealed that some importers are using inappropriate Harmonized System (HS) codes for condensed milk and creamers. The ANMCC denounced these fraudulent practices during an information meeting held on Thursday, noting that they are used to evade the additional duties required […]

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African Caucus: Focus on the urgency of adapting training to the jobs of tomorrow

Africa will not be able to fully benefit from its youth without a profound transformation of its education and training systems, according to African leaders and representatives of international partners. During meetings in Banjul, The Gambia, as part of the African Caucus 2026, African officials and representatives of the World Bank discussed the critical need

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COFACE Ranking: Madagascar remains in the high-risk country category

The 9 months of rebuilding have not significantly changed the business climate. Worse, the military’s seizure of power, which caused concern among international observers and tarnished Madagascar’s image, has clearly had a negative impact on the business environment rating. Indeed, the country remains classified in the high-risk category. Captured & Published at: 2026-07-18 06:57:11 (Madagascar

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FOREIGN TRADE – Imported condensed milk remains under safeguard measures

The National Authority for Trade Remedial Measures (ANMCC) has reminded importers of the regulations governing the import of condensed milk and creamer. This initiative aims to protect domestic production and strengthen oversight. Imports of condensed milk and cream remain subject to a safeguard measure designed to protect local production. On July 16, the ANMCC met

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ENTREPRENEURSHIP – Miarakap describes 2025 as an ‘antifragile’ year in its annual report

2025 was not an easy year; it was, in fact, particularly challenging. Despite a context marked by institutional uncertainties in Madagascar and a complex international economic climate, Miarakap, a fund manager specializing in supporting entrepreneurs, claims to have emerged stronger. In its 2025 annual report, CEO Emmanuel Cotsoyannis describes the period as an “antifragile year.”

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ENTREPRENEURSHIP – FOM partners with Clood Madagascar to accelerate the digital transformation of Malagasy small businesses

Small and very small Malagasy businesses are set to gain easier access to digital solutions. The partnership agreement signed on Thursday between the Association of Malagasy Enterprises (FOM – Fikambanan’ny orinasa Malagasy) and the start-up Clood Madagascar aims primarily to accelerate their digital transformation. Under the agreement, FOM members will benefit from exclusive preferential terms

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Financial Inclusion: Renewal of the Airtel Money-Baobab Banque Madagascar partnership for bank-to-wallet and wallet-to-bank services

A step forward in financial inclusion. Thanks to the strategic partnership between Airtel Money and Baobab Banque Madagascar, banking transactions can now be performed more easily 24/7 to or from a mobile phone. This is the main advancement brought by the strategic partnership, the renewal of which was signed yesterday between the two entities. Captured

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Impact Investment: Miarakap Surpasses 70 Billion Ariary in Assets Under Management

Despite a particularly challenging economic and institutional environment, Miarakap asserts that it strengthened its role in financing and supporting Malagasy companies in 2025. Its annual activity and impact report, themed around “antifragility,” highlights over 70 billion ariary in assets under management and more than 3,000 jobs created. Captured & Published at: 2026-07-17 06:57:26 (Madagascar Local

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2026 Rectified Finance Law: “Budgetary balance respected,” according to the HCC

The High Constitutional Court (HCC) rendered its decision on the 2026 Rectified Finance Law the day before yesterday, five days after the referral by the President of the Republic of Madagascar. With a total of 30,731,751,721 (in thousands of Ariary), the High Constitutional Court stated that “the amount of revenue corresponds to that of expenditures,”

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PROFESSION – Cart rental serves as a vital income source

Behind the constant hustle and bustle of goods porters in Ambodivona, a discreet yet essential activity is thriving. The rental of handcarts and rickshaws allows many workers to transport goods for their clients daily without needing to invest in their own equipment. The principle is simple: owners make their equipment available to porters, who use

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