AGP Executive Report
Last update: 5 hours agoFinancial Crime: U.S. prosecutors charged six people over an alleged romance-linked NFT scam run from compounds in Madagascar. Investigators linked 74 crypto wallets to about 800 victims and losses of at least $516,695; the case raises questions about the country’s role as a base for cross-border fraud. Madagascar Capital Abroad: Billionaire Ylias Akbaraly is pursuing a reported $450 million Nigerian broadcasting deal, while his AXIAN group secured up to $62 million for a solar project in Ivory Coast expected to power 240,000 people. Export Prospects: Voatsiperifery pepper, prized in France at up to $222 a kilogram, faces supply risks from forest loss and unsustainable harvesting; a French-Malagasy entrepreneur is testing ways to cultivate it domestically. Business Costs: Madagascar recorded a slight diesel-price decline in October, offering possible relief to transporters, farmers and businesses reliant on fuel.
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