Economics

Grève à la Jirama pour dénoncer la décentralisation et la probable privatisation des réseaux de distribution d’eau à Antananarivo, hausse incontrôlée des carburants auprès de certains distributeurs, reprise timide de l’exportation du riz, tels sont les évènements qui ont fait l’actualité économique à Madagascar au mois d’aout 2012. Read More »

Antsiranana succeeded in capturing the spotlight on various accounts. The DIANA region’s economic operators’ and regional politicians’ concerns about rosewood cargos and the SECREN company alarming decline were heard, namely by Transitional Prime Minister Omer Beriziky and some ministers of his transitional government who accepted to address the issue in a short session in the run of their visit. Read More »

As expected, Air Madagascar welcomed on the track of the airport of Ivato its second Airbus A340-300 by the end of June 2012. Officially, the choice for the European aircraft manufacturer has only commercial incentives and nothing to do with politics. The fact that the malagasy airline company is being directed by political and administrative leaders and HAT members, particularly by those from the Ministry of Finance, would be a mere coincidence, wouldn’t it? The transaction remains however a bargain Read More »

Are the new Airbus A340 bought by Air Madagascar really an event? The HAT and the airline company wanted it so. Is it really a bargain? Airbus and Air France would not say no. Time will decide, whether this strategy would have paid off, restore the Malagasy airline company’s international reputation and its right to fly over the European Union’s airspace. Read More »

Fuel prices are a major economic, social and political stake for every ruling power. For the sake of mastering the pending inflation, the HAT resorted to the short term legal right to restrict fuel consumer price rises in 2011. Now it has come to an end; populism cannot change the economic reality. Price rises are a fatality and omen an imminent social storm! Read More »

The letter expected to dismiss Madagascar´s Central Bank´s acting governor triggered a strike from the institution´s employees and nearly caused an unprecedented social crisis. The payment of civil servants´ wages and pensions suffered delays but finally came true, for the treasury department raised the money from its agencies. The HAT´s finance minister keeps on pushing for the dismissal. Read More »

The Central Bank happens to be ruled by a very special status, actually an immune system against any political control, namely against that of an unelected totalitarian regime dying for subordinating it to its Finance ministry. The eviction of the governor and the appointment of his short or long term deputy are a Cabinet meeting´s business. The HAT is therefore straining to enforce gates when relying on its finance minister, isn´t it? The acting governor´s mandate coming to an end is being used as a loophole but knows. Nevertheless, the HAT cannot afford to replace him this way. Read More »

The HAT´s economic score sheet in 2011 was catastrophic, considering the boasted outstanding ambitions, the stability, the economic recovery, as well as the promised organization of elections. The economic and social fallbacks of the political putsch are not close to withering yet. Read More »

As part of its projects consisting of supporting SMEs (Small and Medium Businesses), SOLIDIS Garantie, a guarantee fund institution that earned accreditation from most local banks, has just granted a financial guarantee to the company “Espace JEJO”. And thanks to this guarantee, the company will be able to contract a credit, amounting to 95 million Ariary, from the bank BNI ... Read More »

In Madagascar as well as in other country supposed to be ruled by rights and laws, trading a position is prohibited. Yet, such a practice labeled worldwide as corruption is turned into an accepted thing in these times of ... employment crisis. Just as the Sri Lankan or Bangladeshi allowed in Jordan´s textile, industry´s factories, many Malagasy will have to pay the price: an amount equal to five months' salaries? Read More »