Business

MINI-PORTRAIT – Hassanein Hiridjee: The Embodiment of a Cultural Businessman

Can one be both an architect of Malagasy capitalism and a guardian of its cultural soul? Hassanein Hiridjee seems to have decided that it is possible. Before a captivated audience at the EHCP Business School, he enthusiastically elaborated on his approach to business. He explained that one must follow a single guiding principle: “Respect your […]

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FINANCING – Axian continues its expansion in Africa

The Malagasy group Axian has secured $60 million to further its expansion across Africa. This financing, contracted with the Mauritius Commercial Bank (MCB), will be primarily used to scale up major projects on the continent. “Building Africa’s energy future.” This was the announcement made by the Axian group last week following the signing of a

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AmDRHe Corporate Games: Aro Insurance and AGL in full preparation

The Malagasy Association of Human Resources Directors and Managers (AmDRHe) is celebrating its 20th anniversary this year. Twenty years dedicated to the development of human capital in Madagascar, focusing on supporting HR professionals, promoting best practices, and adapting to the country’s economic and social challenges. This occasion allows the association to reaffirm its role as

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Project: Russian Special Economic Zone to be Created in the North

Madagascar is accelerating its rapprochement with Moscow. Economic promises, military donations, and a geopolitical gamble: the country’s military leaders are banking heavily on Vladimir Putin’s assistance. The rapprochement between Antananarivo and Moscow is progressing rapidly. As the new authorities increase signals of openness toward Vladimir Putin’s Russia, a project for a special economic zone is

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Sustainable Energy: The FIER project claims concrete results after four years of action

Four years after its launch, the joint project “Integrated Financing for Sustainable Energies” (FIER) is reporting encouraging results for accelerating the energy transition in Madagascar. These achievements demonstrate the growing strength of innovative financing mechanisms aimed at expanding access to electricity in a country where millions of people still lack it. Captured & Published at:

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Renewable Energy: 80 bids received for the ‘Solar Solution for Madagascar’ project

Solar power is attracting investors in the energy sector. The call for expressions of interest launched by the Ministry of Energy and Hydrocarbons (MEH), as part of the ‘Solar Solution for Madagascar’ project, has resulted in the receipt of 80 bids. Among these, 64 were deemed eligible, while 16 were submitted after the deadline. Captured

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Port of Toamasina: An African performance that highlights Madagascar’s logistical challenges

The port of Toamasina, the main gateway for Madagascar’s foreign trade, ranks among the most efficient container ports on the African continent. According to the 2025 Container Port Performance Index (CPPI), established by the World Bank and S&P Global Market Intelligence, the major port has climbed to the 225th position. Captured & Published at: 2026-06-25

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Public-Private Dialogue: GEM Suspends Participation Amid CNaPS-SMGD Case

The public-private dialogue is hitting a rough patch. The Groupement des Entreprises de Madagascar (GEM) has announced the immediate suspension of its representatives’ participation in the Board of Directors of the CNaPS (National Social Insurance Fund), as well as any other bodies, committees, or governance organs under state institutions. This decision also extends to public-private

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