Latest News Madagascar
Industry
04/05/2023 at 17h45, by Africa Business+
Kandil Steel seeks IFC support to address rising raw material costs
The International Finance Corporation (IFC) is considering a three-year, $25 million loan to Egypt’s...
Hotel business
29/03/2023 at 15h20, by Africa Business+
After three hotels in Tana, Radisson sets sights on Nosy Be
The hotel group wants to position itself in the beach segment one year after its triple opening in Madagascar.
Development Bank
28/03/2023 at 17h15, by Africa Business+
IFC supports Acep microfinance in Madagascar after Burkina Faso
Acep Madagascar, a member of the African microfinance network Acep Group under the chairmanship of Sébastien...
Construction & Infrastructure
24/03/2023 at 19h26, by Africa Business+
Timing tightens for Madagascar’s unsigned Volobe dam project involving Axian, Africa 50, Scatec, and Colas
The concession contract for the €500 million project has yet to be finalised as the presidential election...
News
23/03/2023 at 17h50, by Africa Business+
Miarakap raises €5 million and expands management delegation model
The 100% Malagasy impact investment fund, backed by I&P and Axian, has recapitalised its primary investment...
Renewable energies
06/03/2023 at 21h45, by Africa Business+
Filatex Group completes first phase of 10 MW hybrid solar power plant in Madagascar
According to Africa Business+ sources, this first phase, the cost of which remains under wraps, was...
Consumer goods & Retail
01/03/2023 at 19h56, by Africa Business+
Madagascar: Patrick Malaga takes over from Patrick Tyler as CEO of the Habibo Group
The change comes as the Malagasy family-owned group, chaired and managed by Malik Karmaly, has begun...
Agri-food industry
24/02/2023 at 17h54, by Africa Business+
Madagascar: Serge Rajaobelina receives €20m EIB loan for Sahanala project
The integrated agricultural development programme covers more than 6,100 hectares of rainfed crops developed...
Agribusiness
16/02/2023 at 18h07, by Africa Business+
Hyvity-Filatex joint venture ENHY to invest €60 million in Madagascar hydropower by 2026
The French company Hyvity, part of the Hénin family holding company Pacifico, holds 51% of the joint...
Private Equity
09/02/2023 at 14h41, by Africa Business+
Hiridjee brothers restructure to create Axian Investment
Axian will now carry out investment activities in funds and start-ups within a single entity.
Mines
26/01/2023 at 16h12, by Africa Business+
Toliara Rare Earths: Base Resources sets March deadline for project’s future
Following the Malagasy government’s decision to suspend Base Resources’ activities at its Toliara mineral...
Electricity
17/01/2023 at 18h42, by Africa Business+
Société Générale Madagasikara takes the lead on Axian’s €10 million solar project with GuarantCo and AGF on board
The Malagasy group Axian completed the financing doubling the Ambatolampy photovoltaic power plant capacity...
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