Business

According to the state-owned company, Jirama’s technical teams intervened yesterday at the Ambodivona substation to replace a damaged electrical cable, which had caused a power outage in areas served by line No. 11. The work successfully restored the equipment and brought normal operations back to the affected areas. Captured & Published at: 2026-08-12 07:53:55 (Madagascar […]

An audit of the state-owned company Fanalamanga has uncovered 8.5 billion Ariary in irregular expenditures over the past five years. The new management has pledged to clean up the company’s operations. Koutri Tombotsoa Sahadli, the interim Director General, presented the key findings during an interview on the national television channel TVM last weekend. The audit

It is confirmed. The State Procurement of Madagascar (SPM) has become the state’s arm for importing hydrocarbons. It is the entity authorized for this purpose, in accordance with the provisions of the law on downstream petroleum, which was declared constitutional on August 3 and subsequently promulgated. The SPM’s first operation in the petroleum sector involves

The US Senate has voted overwhelmingly in favor of extending the African Growth and Opportunity Act (AGOA) until December 31, 2028. This represents a major breakthrough for Madagascar, particularly for textile and apparel companies focused on the American market. It is a strong signal from Washington. With 90 votes in favor and 6 against, the

Despite the crises and uncertainties that marked 2025, companies supported by Miarakap have maintained their momentum. Their cumulative turnover increased by 12%, demonstrating the growing capacity of Malagasy SMEs to adapt to difficult periods. Successive crises have not overcome the momentum of the most resilient Malagasy companies. Captured & Published at: 2026-08-11 10:08:38 (Madagascar Local

A recent operation in the international bond markets, involving a $920 million issuance, illustrates the rise of Mauritius as a financial platform serving African economies. It also opens up new perspectives for Madagascar. A few days ago, Gabon finalized an international bond issuance of […] Captured & Published at: 2026-08-11 09:54:14 (Madagascar Local Time EAT)

A national competition titled “Tsinjorano” is being organized by the Ministry of Agriculture and Food Sovereignty, in partnership with Farming & Technology in Africa (FTA). This initiative is part of a drive to promote agricultural innovation and seek concrete solutions to challenges related to water management. Captured & Published at: 2026-08-11 09:54:02 (Madagascar Local Time

In Madagascar, the relative absence of data centers raises crucial questions regarding sovereignty, economy, and security. Behind this subject, which is still little known to the general public, lies a major strategic challenge for the country’s future. A data center is a secure facility where data is stored. Captured & Published at: 2026-08-11 09:39:16 (Madagascar

The increase of the key interest rate to 12.5% has sparked concern among operators. For economist David Rakoto, this decision risks hindering access to credit and private investment. The decision by the Central Bank of Madagascar (BCM) to raise its key rate to 12.5% comes as a cold shower for operators. It runs counter to

Following a one-year extension in February, the US Senate has voted to renew the African Growth and Opportunity Act (AGOA) until the end of 2028. However, Washington has set conditions, notably including preferential access to critical minerals in beneficiary countries. This is a decisive step. Following the US Senate vote on August 8, the legislative