AGP Executive Report
Last update: 5 hours agoDigital Economy: GSMA says targeted reforms could bring 1.13 million more people online and add MGA 4.1 trillion to Madagascar’s GDP by 2031. It recommends cheaper smartphones, rural network investment and tax changes; 66% of people already within mobile broadband coverage do not use mobile internet. Agriculture and Trade: Madagascar and Russia signed a cooperation memorandum as agricultural trade between the countries rose 83% this year. Russia may expand supplies of grain, flour and fertiliser, while Madagascar exports cocoa, cloves, vanilla and spices. Crypto Crime: US prosecutors charged six people over an alleged online romance and NFT investment scam run from compounds in Madagascar; investigators linked about 800 victims to the operation. Startups: Malagasy venture Nia was selected for an African Web3 incubation programme offering product support and investor introductions. Business Expansion: Madagascar billionaire Ylias Akbaraly is planning a reported $450 million Nigerian broadcasting deal, while AXIAN secured up to $62 million for a solar project in Côte d’Ivoire.
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