Economics

In spite of the international community's ban on any of Madagascar's long term deal during the transitional period, the HAT crosses the red line. Metal exploitation rights have just been granted to the Chinese company Wisco. As being on the verge of bankruptcy, the HAT got a 100 million US dollars puff. Read More »

Is it the result of a poorly integrated new system, or that of endemic embezzlements taking advantage from a staggering state? Abuses are anyway skyrocketing. Funds released by a public accountant in Mahajanga on the basis of forged justification documents were the cause for today's trouble. The whole of the central treasury's staff is pissed off. Read More »

Following Zain's first discreet money transfer related success, mobile operators Telma and Orange are following suit. Both new kids in the block are longing for capitalizing their good intentions in commercial turnovers: taking over from the faulting banking service and securing trades by the lack of paper money. Read More »

When is it going to come true. The famous Mahaleo group had asked the question in its "Bemolanga song". The OMNIS has just confirmed the answer. The first oil exports based on this particular basin are expected to come true in 2019. In August 2010, the TOTAL Corporation is probably going to decide to carry its prospection of the Melaky region's valley on. Read More »

How much can crude oil return for Madagascar? The question is being addressed as fruitful prospections are nearing a conclusion. The Great Isle is apparently an increasingly seducing crude oil tanker. Sixteen oil operators of which some big multinational companies are already in the race. The OMNIS is represents the Malagasy part of these juicy contracts. Read More »

Public Treasury's general direction signed a convention together with the SAMIFIN and the BIANCO, offices respectively in charge of the struggle against money laundering and corruption. The displayed objective is the restoration of cleaner financial governance in a background of political and economic crisis. According to the Treasury's general director, Orlando Robimanana, the state is always able to commit to its engagements but the situation is difficult. Read More »

The army asked the HAT and the government to make the State's available financial means public. The HAT finance minister presented a report of the first quarter of 2010. The presentation has been completed before a private sector panel. The objective remained the same: demonstrating that the HAT is far from bankruptcy, and that foreign financial backers didn't totally drop it. Read More »

Madagascar's dictating authorities have always been claiming their desires to bring change in the country. The government had taken efficient economic measures in fully stagnating situation, but now the HAT, this political institution without genuine authority, is yearning for an in depth reform. A technical committee is tackling the research of a way to restart the economy without the international community's support. Read More »

The EASSY cable's docking to Tulear has been duely celebrated by Telma, Madagascar's historical national operator. This international connection is presented as a new step forward for internet and the new technologies in the country. In order to challenge its main mobile operator contestant, the partly state owned company can rely on its acquirement of the ISP Data Telecom Service. Read More »

Wages likely to be cut, debts likely to go down like a lead balloon, foreign currency reserves dangerously crumbling… speculations over the state's likely bankruptcy are legion. The dictating authorities keep on denying everything, making it public that the situation is still far form alarming for being able to rely on the country's private resources. The national economic health is a significant political stake now that the consequences of Madagascar's diplomatic isolation are increasingly taking their toll from its daily life. Read More »