AGP Executive Report
Last update: an hour agoIndustrial Investment: Chinese steelmaker Hongwang says it is developing factories in Madagascar as part of plans to move technology, capital and equipment into African markets. The move could support local manufacturing, though the company gave no details on its Madagascar projects. Insurance Growth: Ivorian group AFG Assurances, which already operates in Madagascar, has brought in private equity investor Mediterrania Capital Partners and plans to expand from seven insurers to 14 across French-speaking Africa. The deal’s value was not disclosed. Clean Energy: The International Solar Alliance aims to mobilise $1 billion and develop 3 gigawatts of renewable energy projects across member countries over five years. It cited solar initiatives in Madagascar, Comoros, Fiji and Seychelles as examples of how clean power can support schools and healthcare facilities. Trade Links: Russia and Madagascar have signed agreements covering agricultural cooperation and broader trade and economic ties.
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