AGP Executive Report
Last update: 6 hours agoDigital Economy: Yas Madagascar opened a digital learning hub in Antsirabe with Maison du Numérique, aiming to build young people’s skills for the digital economy. Business and Finance: Malagasy tycoon Mamy Ravatomanga was denied bail in Mauritius on Oct. 12; the money-laundering case involves about 7 billion rupees, or $150 million, in alleged assets. Mining: Madagascar formalised Harena’s exploitation permit for its Ampasindava rare-earth project. The company still needs environmental approval before construction, with a $4.84 million U.S. development-finance agreement backing a pilot phase. Trade: Madagascar has launched a safeguard investigation into certain confectionery imports, inviting affected businesses to submit comments and information. Currency: The ariary ranked Africa’s third-weakest currency in October, at 4,471 to the U.S. dollar. Energy Investment: Reports say the state utility can bypass bidding rules to buy generators from Russia, while Gemcorp and Fonds Souverain Malagasy have announced a partnership to support investment in Madagascar.
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