Latest News Madagascar
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...
Renewable energies
16/01/2023 at 15h59, by Africa Business+
WeLight raises €19 million to electrify 120 villages in Madagascar
Exclusive to Africa Business+.
Private Equity
04/01/2023 at 16h38, by Africa Business+
Amethis exits Mauritian CIEL Finance, a shareholder in BNI Madagascar and Bank One
The fund, led by Luc Rigouzzo and Laurent Demey, held a quarter of the capital in the Dalais family’s...
Air transport
02/12/2022 at 20h20, by Pierre-Olivier Rouaud
Madagascar’s Ravinala airports offer subsidies to airlines to host new international routes
The concession held by the French groups Meridiam and ADP is providing direct aid to passengers for...
Agribusiness
30/11/2022 at 19h41, by Africa Business+
Monaco Resources’ Agri Resources Group to bring in financial partners into Mauritius and Madagascar businesses
Focusing on vanilla in the Indian Ocean, the subsidiary of the agricultural trade and production group...
Construction & Infrastructure
29/10/2022 at 04h50, by Africa Business+
Andry Rajoelina signs with EGAAD for first stage of Tana-Tamatave highway
Led by the Egyptian public works group Samcrete, associated with Orascom, the $250 million project covers...
Air transport
18/10/2022 at 14h36, by Africa Business+
Air Austral issues formal notice to Tsaradia for breach of lease agreements
While Madagascar Airlines is relaunching itself and the country is opening up again to international...
Renewable energies
14/10/2022 at 16h29, by Africa Business+
Loïc Hoinville and Brice Da Costa head NEA, the renewable energy subsidiary of the Madagascan group AXIAN
New Energy Africa (NEA) already operates in Madagascar and Senegal. The new subsidiary now has 250 employees.
Rail transport
13/10/2022 at 14h49, by Africa Business+
Madarail : Mamy Ravatomanga’s exit raises State’s hopes for WB loan
According to an Africa Business+ investigation, Madarail was sold to the Malagasy State in April by...
Air transport
30/09/2022 at 16h45, by Africa Business+
Madagascar Airlines : Ny Riana Rasolofonjatovo and team set to conquer India and Thailand
The formation of Madagascar Airlines, created following the receivership of the Malagasy companies Air...
Air transport
21/09/2022 at 16h23, by Africa Business+
Corsair returns to Madagascar
In 2019, the French company was forced to cede its flight rights to Air Austral, a shareholder in the...
Hospitality & Tourism
26/08/2022 at 17h20, by Africa Business+
Radisson to open 40 hotels by 2025 in partnership with private investors
Already present in 30 African countries, the group is pursuing its expansion strategy in Africa launched...
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