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MADAGASCAR

Sipromad's big cigarette sales catch tax authority's attention

A recent tax audit of Ylias Akbaraly's Sipromad highlighted the group's strong tobacco sales and that these had been undervalued for three years in a row. [...] (364 words)

Issue dated 04/05/2021 Reading time 2 minutes

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Business

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MADAGASCAR
African Union
Akbaraly
Andry Rajoelina
British American Tobacco
Charlotte Ndiaye
Christophe Bouchard
Cinzia Akbaraly
Covid-19
European Union
Focus
Giovanni di Girolamo
Hawa Ahmed Youssouf
Jean-Louis Rakotovao
Madagascar Tobacco Network
Michael Pelletier
Rinah Rakotomanga
Sipromad
Tiana Rasamimanana
Valery Ramonjavelo
World Health Organization
Ylias Akbaraly

French diplomat to head up EU delegation in Madagascar

In post since 2018, the European Union's Italian ambassador in Antananarivo, Giovanni Di Girolamo, will be stepping down this summer. [...]

MADAGASCAR Diplomacy 14/03/2022

Andry Rajoelina's presidency under scrutiny from the European Union

The EU delegation in Antananarivo is set to hire several consultants to carry out studies on Madagascar's government. In a document seen by Africa Intelligence, the diplomatic mission already deems the Malagasy state to be "ineffective and inefficient". [...]

EU Ambassador Giovanni di Girolamo. © Njaka Rajaonisaona

MADAGASCAR Business 14/07/2021

De La Rue pitches tracing toolbox to tax authorities

The British manufacturer of banknotes and official documents is pitching its virtual traceability solutions to Madagascar's government to help it fill its coffers. [...]

SOUTHERN AFRICA Business 16/06/2021

LSE Consulting negotiates for EU with Zimbabwe and Indian Ocean

The European Union is trying to rework its economic partnership with East and Southern Africa but is struggling to make a mark on the continent. [...]

MADAGASCAR Business 11/06/2021

Alibaba, Sipromad, and Pangea IT eager to work on World Bank's digitalisation project

The calls for tender for Prodigy, the project to digitalise Madagascar's institutions, have not yet been launched, but Sipromad, Alibaba and Pangea IT are already keen to get a slice of the $143m the World Bank is contributing to the scheme. [...]

A tobacco shop in Oubari, Libya. © Günter Fischer/Chromorange/Picture Alliance/Newscom/MaxPPP

Spotlight

LIBYA Business 10/06/2021

Kosovar McCroft eyes Libya's other black gold - cigarettes

McCroft-Premium Tobacco Group, owned by a major political player in Kosovo, is looking for distributors in Libya, despite the market being saturated with fakes. [...]

MADAGASCAR Politics 31/05/2021

President hires PR guru to promote his herbal Covid 'remedy'

Malagasy President Andry Rajoelina is not giving up on the potion that he claims can cure and prevent Covid-19, and has ordered his new public relations advisor to restore its battered reputation. [...]

Patrick Rajoelina, public relations advisor. © Patrick Rajoelina/Prince

MADAGASCAR Business 18/05/2021

Country's elite turn their backs on president's potion in favour of vaccines

Until recently, President Andry Rajoelina had long advocated using the "national remedy" of an Artemisia-based infusion to protect against and cure Covid-19. Madagascar's bigwigs, meanwhile, are doing all they can to vaccinate their families. [...]

MADAGASCAR Business 23/04/2021

IN Groupe and Sipromad struggle to win back visa contract

Despite active lobbying by the French printing giant IN Group and its Madagascan partner Sipromad, the more modestly sized Mada OZI has so far held on to the strategic contract to produce Madagascan visas. [...]

MADAGASCAR Infrastructures 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. © Madagascan Presidency

AFRICA Business 26/03/2021

Paris court freezes €1m paid by Sipromad in failed Africanews takeover

The outcome of the €1m dispute pitting Sipromad against Euronews over the failed acquisition of Africanews should be known by the end of July. [...]

AFRICA Finance Business 08/03/2021

Sawiris' offshore holdings keep Euronews afloat

TV news channel Euronews is not in great shape, particularly after the failed sale of Africanews. The European Commission plans to reduce its subsidy and the various loans from majority stakeholder Naguib Sawiris have not been enough to make the company self-sufficient. [...]

Sawiris' holdings behind TV channel Euronews. © Africa Intelligence / Indigo Publications - 2021

Inner circles

MADAGASCAR Politics 05/03/2021

President Rajoelina's clique of trusted advisors

Andry Rajoelina, cloistered at the Iavoloha Palace, relies on a hand-picked team to manage the country's affairs. They are chosen above all for their loyalty to the president, and appear more interested in public relations than in dealing with the important affairs of state. [...]

MADAGASCAR Business 14/02/2020

Sipromad avoids invading Air Madagascar's air space

GS Airlines, the small airline owned by Sipromad, is looking [...]

Breaking newsMADAGASCAR 28/04/2014

It's all going wrong for Sipromad

The CEO of Sipromad, Ylias Akbaraly, who two years ago appointed Nelly Jirari from Reunion Island the managing director of [...]

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MADAGASCAR
African Union
Akbaraly
Andry Rajoelina
British American Tobacco
Charlotte Ndiaye
Christophe Bouchard
Cinzia Akbaraly
Covid-19
European Union
Focus
Giovanni di Girolamo
Hawa Ahmed Youssouf
Jean-Louis Rakotovao
Madagascar Tobacco Network
Michael Pelletier
Rinah Rakotomanga
Sipromad
Tiana Rasamimanana
Valery Ramonjavelo
World Health Organization
Ylias Akbaraly

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