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Africa Business News

Madagascar Tender and Business News

Madagascar's New Agricultural Investment Plan Goes Through Major Review

The Land Policy Initiative (LPI), a joint project of the African Union, the African Development Bank and the United Nations Economic Commission for Africa, recently held a workshop in partnership with the government of Madagascar to review a major Country Report and Business Plan for the nation.

2nd Japan-Africa Biz Forum Yields 118 Business Matchups and One Telecom Deal

The 2nd Japan-Africa-Business Forum, with the theme "Investment and Business Opportunities with Africa", was held in Tokyo on July 25-26. Among the many connections made there, one key announcement emerged, as Burkina Faso's ZIL Telecom and Japan's Lequio Power Technology Corporation signed a West Africa distribution contract there.

South Africa's dti Hosts Madagascar Investors Conference

South Africa's Department of Trade and Industry (the dti), in partnership with the Depaartment of International Relations and Cooperation (DIRCO) and the Development Bank of South Africa (DBSA), are hosting the Madagascar Investors Conference on June 14 and 15.

Special Seminar Held to Train African Civil Servants on Economic Planning

A special course was recently held on Industrial Policy in Africa, for civil servants from 20 African countries. Its goal was to strengthen the group's capacity in designing, implementing, monitoring and evaluating appropriate strategies to facilitate the structural transformation of the continent’s economies.

CARE Issues Call to Action for Aid Donors for Southern Africa

As the worst drought in Southern Africa in 35 years takes its toll on the food supply, millions face hunger in Southern Africa. The organization CARE has just issued a loud call to donors to bring in the funds necessary to help what could be one of the last chances to prevent a major humanitarian disaster, in just a few months.

Madagascar Receives $1.3 B Pledge from World Bank Group for Development

As part of the Donors and Investors Conference for Madagascar just concluded on December 2, the World Bank Group announced it will be providing Madagascar with $1.3 billion over the next three years. The money will support the country's development as part of its already-announced national development plan.

New Publication Helps Guide African Companies Involved in Buyouts and Transfers

As the African economy heats up so too does the pace at which employees may be transferred within countries and across borders, as well as what happens during acquisitions, buyouts, and closures. Bowmans, a pan-African law firm, just published a Guide covering the potential employment consequences in business transfers in Botswana, Cameroon, Kenya, Madagascar, Nigeria, Senegal, South Africa, Uganda, Tanzania and Zambia.

Madagascar Innovator Wins Azisha Price for Youth Entrpreneurship

Heritiana Randriamananatahina, 22 year-old agriculture entrepreneur from Madagascar, was just named this year's winner of the Anzisha Price, Africa's premier award for youth entrepreneurship. His company, Fiombonana, is an agro-processing enterprise that manufactures dairy products and confectioneries using only Malagasy raw materials, employing farmers and providing local job opportunities.

Ten African Countries Ratified the Paris Climate Accords

During the recent United Nations General Assembly held in New York on September 21, nine African countries submitted their papers supporting the ratification of the global Paris Agreement on climate change. A tenth, Mali, turned in its articles for ratification shortly after the meeting. This pushes the agreement over the edge of full ratification, since only 55 nations are required and now 61 nations have agreed to the pledge.

5 Countries in Africa Can Now Ship to EU Duty-Free

Products shipping from Namibia, Mozambique, Botswana, Swaziland and Lesotho to the European Union have now been granted duty-free access. The European Parliament just voted to approve the duty-free trade arrangement.

Dire Warnings But Also Hope as IUCN Environmental Congress Opens

A congress billed as the world’s largest ever to focus on the environment has opened to warnings that our planet is at a “tipping point” but also with expressions of hope that governments, civil society and big business are learning to work together.

Bowman Gilfillan Africa Group Rebrands as Bowmans

Bowman Gilfillan Africa Group, one of the major law firms serving many nations across the African continent, is refocusing its enterprise and just announced that, effective the beginning of September 2016, it will be operating throughout Africa under one brand name: Bowmans, and with a new marketing positioning and logo to go with it.

Climate-Smart Agriculture for Drought-Stricken Madagascar

Mirantsoa Faniry Rakotomalala is different from most farmers in the Greater South of Madagascar, who are devastated after losing an estimated 80 percent of their crops during the recent May/June harvesting season to the ongoing drought here, said to be the most severe in 35 years.

IMF Approves $304.7M in Loans for Madagascar

Madasgascar was just granted the equivalent of SDR 220 million (about US $304.7 million,or 180 percent of current quota) under a 40-month Extended Credit Facility (ECF). The award was approved and granted by the Executive Board of the International Monetary Fund (IMF), to help reinforce macroeconomic stability as well as to boost sustainable and inclusive growth.

UN Calls for Immediate Increased Aid to Deal with Southern Africa Drought

United Nations Assistant Secretary-General and Deputy Emergency Relief Coordinator Kyung-wha Kang asked for government and donors to take urgent action to assist millions of people affected by severe drought in southern Africa.The comments were made at the end of a nine-day visit to the UK, Malawai, and Madagascar.

Malagasy Children Bear Brunt of Severe Drought

Voahevetse Fotetse can easily pass for a three-year-old even though he is six and a pupil at Ankilimafaitsy Primary School in Ambovombe district, Androy region, one of the most severely affected by the ongoing drought in the South of Madagascar.

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