AGP Executive Report
Last update: 6 hours agoPower Supply: Madagascar has authorised Jirama to buy 18 diesel generators directly from Russia’s Malmekhservice, bypassing normal tenders, as power shortages and the utility’s financial strain persist. The cost and capacity were not disclosed. Business Watch: Mamy Ravatomanga’s wife calls his Mauritius money-laundering case “political elimination”; a bail ruling is due Oct. 12. She says Sodiat staff have faced late pay and temporary layoffs amid court oversight of subsidiaries. Investment: Gemcorp and Fonds Souverain Malagasy have formed a strategic partnership to support investment, with related plans to raise $5 billion for energy and mining. Agriculture: Madagascar is seeking to revive its coffee industry, once producing up to 62,000 tonnes of coffee cherries a year, with producers and government working to restore the sector’s economic contribution. Climate Risk: A strengthening El Niño raises drought concerns in famine-scarred southern Madagascar, putting crops and livelihoods at risk. Digital Access: Proposed reforms aim to turn wide mobile coverage into genuinely accessible internet, a key step for businesses and services.
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