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  Wednesday, 17th september 2014  
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ECONOMICS

16/11/2013 | 12:40:28
Over the latest months, a Mauritian consortium's intended takeover of the BNI Credit Agricole Bank has been increasingly creating the stir in Madagascar. The Credit Agricole Group has owned the lion's share of the BNI bank since its privatization in the end of the 1990's, and now decides to drop its 51% of the cake. The Ciel Investment consortium powered by the Mauritian Bank One bank heard the call and was on the verge of taking the bank's operations over. Still, in the end, the transitional prime minister seems very much taken with the completion of the process. [See]

29/09/2013 | 23:52:58
Since Madagascar's Central Bank's deputy governor passed away and since the transitional chancellor of the checker decided out of the blue to stand as candidate for the presidential trophy, the national finances are somehow lacking of a leading figure. Both of them have obviously been replaced. Although the whole of the financial system did not land into the most competent hands ever, the ruling power still rejected by international institutions did not drop its grip on it for so much. [See]

31/08/2013 | 16:27:27
Though Hery Rajaonarimampianina was supposed as finance minister to remain the ruling power’s machine man, he greatly surprised the political sphere when officially accepting to replace candidates Roger Kolo and Roland Etienne Jules, and, by so doing, unofficially becoming AndryRajoelina’s champion. As a matter of a mere coincidence or not, the latest economic reports of a likely bankruptcy of the state, the rampaging poverty and a pending social explosion having topping the headlines over the latest few days. [See]

06/07/2013 | 00:02:49
Even if most of the Malagasy are getting used to survive the most extreme conditions, the World Bank rang the warning bell, considering the lasting impoverishment spiral caused by the political crisis and poor governance. From 2009 to 2013, Andry Rajoelina's putsch and international dejected rule have been costing US$ 8 billions, amount calculated by the World Bank from the GDP's deficit. The putsch and the transitional rule deprived the country from a plus 20% growth. Before the crisis, the GDP used to regularly rise by more than 5% [See]

31/08/2012 | 13:56:33
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. [See]

15/08/2012 | 11:36:12
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. [See]

30/06/2012 | 22:01:26
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 [See]

15/04/2012 | 20:02:47
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. [See]

28/02/2012 | 21:53:49
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! [See]

21/02/2012 | 21:02:06
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. [See]

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