Greater Antananarivo, the capital of Madagascar, just received a $75 million International Development Association (IDA) credit from the World Bank, to improve urban drainage, selected public service upgrades, and climate resilience improvements for its urban poor.
Madagascar Tender and Business News
French mass media conglomerate Vivendi and Paris-based telecom Orange are partnering to open new movie theaters across western and central Africa. The goal is to help reestablish the experience of movie-watching under the best technical conditions and in comfort, after three decades in which cinemas have all but disappeared in some area.
On March 28, a team from the International Monetary Fund (IMF) visited Antananarivo for a two week review of Madagascar's economic reform program, a program supported by the IMF's three-year Extended Credit Facility (ECF).
Intelcia, a customer relations outsourcing company based in Morocco, announced the integration of outsourcing sites Outremer Télécom Maurice et Madagascar, which will now conduct business under the Intelcia banner.
The servicing arm of the Lebanese Credit Insurer (LCI), LCI Services, has expanded its Debt Collection Services to cover 11 new African markets to support clients in their regional growth and protect their trade receivables.
As a part of the African Union (AU) initiative, the International Air Transport Association (IATA) has announced the launching of the Single African Air Transport Market (SAATM) with the goal of opening up Africa's skies and improving intra-African air connectivity.
Sweden has announced its investment of over SEK 800 million to the 'Strategy for Sweden'’s regional development cooperation in sub-Saharan Africa.
On January 25, HE Hery Rajaonarimampianina, the President of the Republic of Madagascar, presented a proposed strategy for growth and transformation as a major player on the global stage by 2030.
The World Health Organization (WHO) is moving quickly to respond to a plague outbreak in Madagascar which has spread rapidly to the capital and port towns. It has infected more than 100 people in only a few weeks.
The Republic of Madagascar and Siemens have just signed a Memorandum of Understanding to find and implement the means to fast track power generation in the country. The goal is to add another 300MW of power to the country's grid by 2019.
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.
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.
Representatives from the Indian Ocean Islands and East Africa met in a major two-day planning session on June 27-28, to discuss the Fisheries Transparency Initiative (FiTI), an initiative to attack the growing global problem of illegal fishing.
A new competition was just launched to find and support providers of innovative and scalable financial products and services that improve the lives of poor people in rural areas of Africa.
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.
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.
Multilateral development banks (MDBs) leaders have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to support sustainable and inclusive economic growth throughout the world.
The African Legal Network, a consortium of major law firms located throughout Africa, has joined a new member, ABCC (formerly SCAN Advogados) of Mozambique.
Shell's licensee in Africa, Vivo Energy, has announced a Pan-African partnership agreement with Orange across nine countries. It allows those countries where both companies overlap to use Orange Money to pay for their fuel.
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.
After many months of exposure to the worst drought conditions in 35 years, Androy, Anosy and Atsimo-Andrefana, three of Madagascar’s southernmost regions, are in serious need of food and other humanitarian assistance.
The Foreign Minister of China, Wang Yi, will be making a series of official visits to the countries of Tanzania, Zambia, Madagascar, Nigeria, and the Republic of the Congo from January 7-12.
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.
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.
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.