Business

2027 Finance Bill: Regional priorities at the heart of the State budget

The preparation of the 2027 Initial Finance Bill (LFI) aims to be more grounded in local realities. This is the main objective of the Regional Budget Conferences (CBR), which were relaunched this year after several years of interruption. Following Itasy on August 21, Analamanga hosted regional stakeholders this Monday, August 31, at the National School […]

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MID: The depreciation of the ariary is confirmed

Following the spectacular appreciation in the first half of 2026, the ariary is once again on a path of depreciation. Yesterday, at the close of the interbank foreign exchange market (MID), the parity stood at 4,318 ariary against the dollar and 4,946 ariary against the euro, whereas at the beginning of July, the same currencies

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Nosy Be: A 3 MWp solar power plant is being installed in Madiro

Construction work for a 3 MWp solar power plant is underway in Madiro, Nosy Be. The Regional Directorate of Energy and Hydrocarbons (DREH) of the Diana region is currently overseeing the receipt and monitoring of equipment intended for this new solar-powered electricity generation infrastructure. A second shipment of equipment has arrived. Captured & Published at:

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BUDGETARY MANAGEMENT – Financial administrators prepare for a national assembly

Members of the Financial Services Administrators Union gathered in large numbers at the Hotel Le Pavé in Antaninarenina yesterday. On this occasion, they announced the upcoming holding of a general assembly in the form of a national conference. “This meeting is intended to bring together all members to develop a common roadmap, strengthen professional ethics

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LOCAL PRODUCTION – State Procurement of Madagascar purchases 37 tons of rice

A boost for local producers. The State Procurement of Madagascar (SPM) purchased 37 tons of paddy rice from farmers in the Bongolava region last Saturday. According to the Ministry of Trade and Consumption, direct purchasing from farmers is a measure taken to regulate rice prices. “This was implemented by the central government, through the Ministry

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BUDGET – Analamanga sets its priorities for 2027

The Analamanga Region has brought together local stakeholders to define its budgetary priorities for 2027. Discussions focused on infrastructure, agriculture, social protection, and security. The Analamanga Region aims to better voice its territory’s needs in the drafting of the 2027 budget. A regional budget conference was held on Monday, August 31, 2026, at the National

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RIA: Production is now sufficient, but the distribution network remains the weak link

After several difficult days, balance has returned to the Antananarivo Interconnected Network (RIA). The TAC 1 unit in Ambohimanambola, whose breakdown caused power outages last week, has finally been repaired and put back into service. The available production capacity is now sufficient to cover the network’s needs. However, users are not yet out of the

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Cosmos: 66 lucky winners in the Independence Day raffle

Beyond being just a store, Cosmos is a company that knows how to delight its customers. The brand demonstrated this once again during its special Independence Day raffle, which brought joy to many winners. A total of 66 winners received their prizes during a ceremony held last Saturday. Captured & Published at: 2026-08-31 08:24:12 (Madagascar

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Combating Desertification: $27.17 Million Funding for Madagascar

Madagascar’s participation in the 17th session of the Conference of the Parties to the United Nations Convention to Combat Desertification (COP17) is yielding results. The country will benefit from an allocation of $27.17 million under the ninth replenishment cycle of the Global Environment Facility (GEF-9). Captured & Published at: 2026-08-31 08:09:22 (Madagascar Local Time EAT)

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RAFFLE – Cosmos rewards its customers

On the occasion of Independence Day, Cosmos organized a raffle for its customers. Following the draw, the various winners gradually received their rewards during check and voucher presentation ceremonies. The latest presentation involved sixty-six beneficiaries. Among them, Yvette Floria Raherinirina won 25 million ariary. A sum that turned her participation in the raffle into a

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