Africa Business Headlines International Morocco

Madagascar seeking Moroccan fertilizer investment

President Andry Rajoelina of Madagascar announced his country is seeking an investment from Morocco in the fertilizer sector as part of its efforts to achieve farming self-sufficiency, Reuters reports. “We are seeking Moroccan fertilizers as well as investments in the fertilizers’ sector,” Rajoelina, who visited Morocco in October, told Reuters in an email. “We need […]

Africa International

Madagascar fires foreign minister following UN vote condemning Russia’s annexation of Ukrainian regions

Madagascar President Andry Rajoelina fired Tuesday the country’s top diplomat Richard Randriamandranto in connection with the UN vote last week condemning Russia’s annexation of Ukrainian regions. A decree signed by the President and the Prime Minister indicated that Defense Minister will take over the position in the interim. Local media, citing unnamed sources in the […]

Business Finance

Uganda’s thriving financial sector ranked no.1 in East Africa

Uganda is running an economy with the most developed financial sector in East Africa, which is only the latest feat that depicts a major milestone in the country’s race towards becoming a regional financial hub, with an eye to increased inflow of foreign direct investments, according to the latest study by the Official Monetary and […]

Business Finance

Madagascar slams embezzlement of around 12.4 million euros in 8 months in public Administration

Madagascar’s State Inspectorate-General (IGE) Tuesday denounced the embezzlement of around 12.4 million euros (MAG51 billion) of state funds in the public Administration over a period of eight months. Daniel Randrianarivony, the Chief of the IGE made the announcement during the presentation of his organization’s report that audited the public administration from January to August this […]

Africa International

Three Malagasy companies to launch maritime company connecting Antananarivo to Marseille

Cooperative Energetique ENERCOOP, Enterprise Zephyr & Boree and ARCADIE will launch in 2025 a maritime company that will connect the country to the French city of Marseille in view of boosting trade, Actu Orange reports. The three partners have launched Windcoop Cargo, a joint venture, expected to begin operation in 2025. The route will be […]

Business Finance

US grants Madagascar $20m to address food insecurity

The United States has allocated to Madagascar $20 million to help the African country to tackle food security exacerbated by the ongoing Russia-Ukraine conflict. The financing, the US ambassador Claire A. Pierangelo, notes, is within the framework of the US government’s global response to the impact of the “illegal invasion of Ukraine by Russia. The […]

Africa Headlines International

WHO to sign a clause of confidentiality with Madagascar to support Covid Organics clinical trials

Director of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus, held a videoconference with the President of Madagascar Andry Nirina Rajoelina. The two men mentioned the famous Covid Organics, the Malagasy herbal tea that is supposed to fight Covid-19. Malagasy President Andry Nirina Rajoelina said the WHO will sign a confidentiality clause on the formulation […]

Africa Headlines International

Malagasy President presents ‘‘his medicine’ against coronavirus

The President of Madagascar presented Monday “his medicine” for the coronavirus, consisting of a decoction and an organic herbal tea (Tambavy CVO) based on artemisia and other Malagasy plants kept secret. The “medicine” was developed by the Malagasy Institute of Applied Research (IMRA).   The Malagasy president presented the two improved traditional remedies ‘‘with great […]

Africa Headlines International

Madagascar: 60 million trees to be planted for 60 years of independence

Authorities in Madagascar have recently launched an impressive reforestation campaign to plant 60 million trees, in reference to the sixtieth anniversary of the country’s independence, which will take place on June 26, 2020. Last week, close to 10,000 people planted up to 1.2 million trees in one day. Madagascar, once called the great green island, […]

Africa Headlines International Morocco

Morocco & Madagascar Agree to Step up Cooperation

Morocco and Madagascar agreed on Tuesday to bolster their cooperation in education, scientific research, gender equality, urban planning, housing, decentralization, training, health… These agreements were inked during the first meeting of the two countries’ joint committee convened in Marrakech under the co-chairmanship of minister of Foreign Affairs Nasser Bourita and his Malagasy peer, Andriantsitohaina Franck […]