Mikama - July 5, 2017

Soa-Mihanta Andriamanantena dans L'Express de Madagascar

Selon les chiffres issus du ministère du Commerce et de la Consommation, depuis plusieurs années, le volume de farine importée a tourné autour de 100 000  tonnes. (..) Quant à la production locale, « pour l’heure un seul producteur a été enregistré localement. On estime que sa production n’excède même pas le quart de l’importation »

EAIF backs upgrades and expansion at two Madagascar airports. Emerging Africa Infrastructure Fund (EAIF) announced (30-Jun-2017) support for  upgrades and expansion at two Madagascar airports, after private sector company Ravinala Airports won the management concession for Antananarivo Ivato International Airport and Nosy Be Fascene Airport in 2015. The airports will have their runways, passenger terminal facilities and associated infrastructure upgraded and expanded in a EUR215 million project, with EAIF providing a senior debt of EUR25 million over a 16-year term. Passenger handling capacity will more than double at Antananarivo Airport with its runway is to be reinforced and resurfaced, giving the airport the ability to take widebodied aircraft. Nosy Be Airport's capacity will rise to accommodate 500,000 passengers p/a. Ravinala will be marketing the airport to carriers and tourism operators worldwide.

Dans Power Technology
According to the World Bank, only 14% of Madagascar’s population currently have access to electricity, a low figure even by the standards of sub-Saharan Africa. In rural areas the number of households connected to the grid is just 4%. (..) Last year the World Bank approved an International Development Association loan worth $65m to help the Madagascan Government improve its electricity sector operations. One of the key development objectives is improving governance “of the state-run utility company through improved efficiency, transparency, and accountability in supply, commercial functions, and management of corporate resources”.

Dans Ecofin Agency
Last Wednesday, the International Monetary Fund (IMF) approved an $86 million loan for Madagascar after its first review of the country’s economic performance, under a programme backed by an Extended Credit Facility. The money will be provided immediately, bringing total financing under the programme to around $129.61 million. (..) The 2009 Coup d’Etat scared off foreign investors. Also, according to IMF’s estimates, the draught that hit the country between 2016-ending and the beginning of 2017 and the Enawo cyclone which killed 81 people, injured 253 and affected more than 430,000, cost the nation about $400 million, that is 4% of its gross domestic product.

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