Via Bloomberg, an article on Madagascar’s efforts to court UAE investment: Madagascar is seeking to boost investments from the United Arab Emirates to spur growth in its tourism and energy sectors, amid threats of steep tariffs from the US. The UAE is a key partner for Madagascar, with potential investments in sugar- and vanilla-processing plants, […]
Read more »Madagascar hopes its capital Antananarivo will see reduced congestion following the launch of a new cable car. As Barrons reports, the president and several government members traveled on the gondola liftfor its inaugural tour. The project was completed by two French companies at a cost of $162 million, more than half of which was funded […]
Read more »Courtesy of Bloomberg, a report on how Namibia and Madagascar are gaining from diverted Red Sea traffic: Madagascar, Namibia, among those benefiting from rerouting South Africa’s port problems see it miss out on some traffic Africa’s inefficient and aging ports are hampering the continent’s chances of capitalizing on a surge in ship traffic that’s avoiding […]
Read more »Via The Korea Times, a report on Korea’s efforts to boost ties with Tanzania, Mozambique, and Madagascar in its search for critical minerals: Korean companies and the government are shifting their focus to Africa from China to secure graphite, as Beijing attempts to control exports of the core mineral for rechargeable batteries next month, according […]
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