AGP Executive Report
Last update: 3 hours agoFinancial Crime: US sanctions targeting a Cambodia-linked scam network also reach a network in Madagascar accused of defrauding Americans, highlighting risks to the country’s financial services sector. Climate and Agriculture: A forecast Super El Niño could deepen drought and flood pressures across Africa; WaterAid is working with Madagascar and other governments on preparations, while food insecurity remains severe in the south, where 1.14 million people need emergency assistance. Industrial Investment: China’s Hongwang New Materials says it is developing factories in Madagascar as part of plans to expand manufacturing in Africa. Insurance: Ivorian group AFG Assurances, which already operates in Madagascar, has brought in private equity investor Mediterrania Capital as it plans to grow its insurer network from seven to 14 companies. Renewable Energy: India says solar initiatives supported by the International Solar Alliance in Madagascar and other island states are helping power healthcare facilities and schools.
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