Your account has been succesfully created.

Subscribe now

MADAGASCAR

Rajoelina's battle of wills with the World Bank puts aid programmes in danger

A growing number of differences between the World Bank and President Andry Rajoelina could end up costing the Madagascan government hundreds of millions of dollars. [...] (582 words)

Issue dated 23/02/2021 Reading time 3 minutes

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

e-wallet

from EUR/USD 50

Only buy articles you are interested in

ANNUAL SUBSCRIPTION

Unlimited access to the website

See our rates

Choose the option that suits you best: Compare all of our offers!

Do you want a free trial before subscribing?

Create your free account

Do you want a free trial before subscribing?

create a free account

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

e-wallet

from EUR/USD 50

Only buy articles you are interested in

ANNUAL SUBSCRIPTION

Unlimited access to the website

See our rates

Choose the option that suits you best: Compare all of our offers!

Do you want a free trial before subscribing?

Create your free account

Do you want a free trial before subscribing?

create a free account

Diplomacy

Set up email notifications for these topics

MADAGASCAR
Andry Rajoelina
Axian
Colas
Covid-19
Eiffage
Hassanein Hiridjee
Idah Pswarayi-Riddihough
International Finance Corporation
International Monetary Fund
Jirama
Jovena
MacroConsulting
Richard Randriamandrato
Vonjy Andriamanga
World Bank

Rajoelina cold-shouldered by international lenders over election financing

After having had their fingers burned in 2018, the international financial institutions are reluctant to finance the presidential elections due in nine months. The electorial commission is asking for $33m, which is $18m more than five years ago.

WEST AFRICA Energy Business 05/01/2022

After telecoms, Franco-Malagasy group Axian develops power stations in Senegal and Mali

Axian, led by Frenchman Hassanein Hiridjee, acquired the Senegalese assets of the Swedish telecom group Millicom three years ago. It is now working to strengthen its position in electricity production throughout Africa via its subsidiary Axian Energy.

AFRICA Finance Business 02/07/2021

IFC to vote on loans for Axian's Togocom

The Togolese telecom operator is in talks with the International Finance Corporation. Since its 2017 privatisation, shareholders Axian and ECP have been trying to turn it into a regional leader.

MADAGASCAR Energy Business 23/06/2021

Vinci, Colas and KEC compete for World Bank-backed Jirama power projects

The national electricity company is preparing to choose contractors for two projects supported by the World Bank to extend Madagascar's power grid. French firms Vinci and Colas are hoping to beat off India's KEC.

MADAGASCAR Defence Diplomacy 06/04/2021

Paris and Washington aim to help Madagascar improve security in its territorial waters

France and the United States are to use their respective cooperation arrangements with Madagascar to help it protect its territorial waters from criminal activity. Despite the government's ambitions, the Madagascan navy still does not have a fleet capable of protecting the country's interests.

MADAGASCAR Infrastructure Energy Business 01/04/2021

Rajoelina obsesses about track record in office in run-up to 2023

With most projects in the country on hold, the Madagascan president Andry Rajoelina is actively casting around for new ventures that he can add to his list of achievements in office when he runs for re-election in 2023.

Madagascan President Andry Rajoelina during the inauguration of the Pharmalagasy factory, 3 October 2020.

GUINEA BISSAU Diplomacy 12/03/2021

Embaló continues his never-ending world tour in Cairo and Jeddah

The Guinea-Bissau leader Umaro Sissoco Embaló is constantly globetrotting in search of potential investors and these days hardly bothers to unpack his case in Bissau between two trips.

Guinean president Umaro Sissoco Embaló was received on 4 March 2021 by his Egyptian counterpart Abdel Fattah al-Sisi.

FRANCE MADAGASCAR Politics 04/03/2021

Ex-minister Rolly Mercia paints himself as whistleblower as trial looms

Accused by his former boss, businessman Maminiaina Ravatomanga, of providing the French courts with wrongful information, former journalist and communications minister Rolly Mercia is calling on human rights organisations for help. The most recent is the African Union.

MADAGASCAR Politics Business 02/03/2021

Finance minister's advisor fishes for foreign investors

Tsialiva Rajaobelina is as discreet as the other aides in economy and finance minister Richard Randriamandrato's office, but he is nonetheless a savvy businessman. He now plans to become a consultant for foreign investors interested in the island state.

MADAGASCAR Diplomacy 24/02/2021

With no ambassadors in place, who is holding the fort at Rajoelina's key embassies?

Two years into his presidency, Andry Rajoelina has still not filled some the most important diplomatic appointments, leaving Madagascar without an ambassador to the US, the UN, or South Africa.

MADAGASCAR Energy Business 18/01/2021

Madagascar Oil encroaches on Axian's turf

Madagascar Oil has won its first contract to supply fuel to electricity company Jirama, which has previously sourced almost exclusively from Axian.

MADAGASCAR Energy 01/09/2020

Volobe mega dam audit hot potato

The IFC, the dam's largest backer, is being extremely cautious about financing the hydropower project led by French group Colas.

MADAGASCAR Energy Business 16/06/2020

Rajoelina forces Eiffage's hand over Sahofika dam tariffs and concession duration

Even though works are set to start in the coming months, President Andry Rajoelina is backing the Eiffage-led consortium into a corner, demanding negotiations be reopened into the price of electricity that the Sahofika dam will generate.

MADAGASCAR Politics 03/06/2020

Rajoelina's display of independence from IMF

The Malagasy president has been making a show of his - relative - independence from the International Monetary Fund while the institution expresses its concerns over how slowly the government has been disbursing its Covid-19 emergency fund.

Spotlight

MADAGASCAR Business 29/04/2020

Rajoelina's tug-of-war over post-Covid-19 business climate

Worried the country could be facing a deep social crisis, President Andry Rajoelina wants to whip the economy back into shape but he is having trouble convincing Madagascan businesses of his plan of attack.

Set up email notifications for these topics

MADAGASCAR
Andry Rajoelina
Axian
Colas
Covid-19
Eiffage
Hassanein Hiridjee
Idah Pswarayi-Riddihough
International Finance Corporation
International Monetary Fund
Jirama
Jovena
MacroConsulting
Richard Randriamandrato
Vonjy Andriamanga
World Bank

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!

Algerian secret services in survival mode in North Mali

As fight against M23 continues, Kigali and Kinshasa wage war of intelligence

Rajoelina's battle of wills with the World Bank puts aid programmes in danger

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

Create your free account

create a free account

Set up email notifications for these topics

Rajoelina cold-shouldered by international lenders over election financing

After telecoms, Franco-Malagasy group Axian develops power stations in Senegal and Mali

IFC to vote on loans for Axian's Togocom

Vinci, Colas and KEC compete for World Bank-backed Jirama power projects

Paris and Washington aim to help Madagascar improve security in its territorial waters

Rajoelina obsesses about track record in office in run-up to 2023

Embaló continues his never-ending world tour in Cairo and Jeddah

Ex-minister Rolly Mercia paints himself as whistleblower as trial looms

Finance minister's advisor fishes for foreign investors

With no ambassadors in place, who is holding the fort at Rajoelina's key embassies?

Madagascar Oil encroaches on Axian's turf

Volobe mega dam audit hot potato

Rajoelina forces Eiffage's hand over Sahofika dam tariffs and concession duration

Rajoelina's display of independence from IMF

Rajoelina's tug-of-war over post-Covid-19 business climate

Set up email notifications for these topics

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes:

Algerian secret services in survival mode in North Mali

As fight against M23 continues, Kigali and Kinshasa wage war of intelligence

William Ruto's new order

Africa in the Russia-Ukraine war

The Sahel threatened by a jihadist tornado

Rajoelina's battle of wills with the World Bank puts aid programmes in danger

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

Create your free account

create a free account

Set up email notifications for these topics

Rajoelina cold-shouldered by international lenders over election financing

After telecoms, Franco-Malagasy group Axian develops power stations in Senegal and Mali

IFC to vote on loans for Axian's Togocom

Vinci, Colas and KEC compete for World Bank-backed Jirama power projects

Paris and Washington aim to help Madagascar improve security in its territorial waters

Rajoelina obsesses about track record in office in run-up to 2023

Embaló continues his never-ending world tour in Cairo and Jeddah

Ex-minister Rolly Mercia paints himself as whistleblower as trial looms

Finance minister's advisor fishes for foreign investors

With no ambassadors in place, who is holding the fort at Rajoelina's key embassies?

Madagascar Oil encroaches on Axian's turf

Volobe mega dam audit hot potato

Rajoelina forces Eiffage's hand over Sahofika dam tariffs and concession duration

Rajoelina's display of independence from IMF

Rajoelina's tug-of-war over post-Covid-19 business climate

Set up email notifications for these topics

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes: