Latest News Madagascar

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...

Renewable energies

16/01/2023 at 15h59, by 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...

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