Madagascar routinely faces a number of humanitarian challenges, including recurring natural disasters, disease outbreaks, banditry, pest infestations and acute food insecurity. According to the UN, 90 percent of people in Madagascar live below the international poverty line and more than 50 percent of children under the age of 5 are chronically malnourished. According to the Famine Early Warning Systems Network (FEWS NET), poor farmers in areas of Atsimo Andrefana and Androy in the south will likely face Crisis (IPC 3)* levels of acute food insecurity through May as poor rainfall and crop pest infestations have reduced agricultural production. Households in Anosy will remain in Stressed (IPC 2) levels through the same time period. (..) With support from USAID’s Office of Food for Peace (FFP), Catholic Relief Services (CRS) is addressing the urgent needs of approximately 60,000 people in Androy and Anosy ... Through the UN World Food Program (WFP), FFP is targeting over 150,000 people with emergency food assistance throughout southern Madagascar ... Additionally, FFP is partnering with CRS and the Adventist Development and Relief Agency to implement multi-year development programs ...
Dans Ecofin Agency
The African Development Bank (AfDB) granted Malagasy government $7.23 million, broken into a $6.23 million donation and a $1 million loan, to support agricultural entrepreneurship. This financing will be used to fund and organize a training program to help 410 young people (50% of women) become entrepreneurs in the agriculture and agro-industry.
Dans Vanguard
Ylias Akbaraly is the wealthiest man in Madagascar. He is the current successor and leader of the Sipromad empire founded by his great grandfather in 1918. From a small family trading business, Sipromad Group is one of the leading multi-million dollar conglomerates in Africa and the Indian Ocean with interests spanning business aviation, agri-business, tourism, manufacturing, energy, technology, real-estate, pharmaceutical and banking. (..) Under his leadership, the group grew from 20 to over 3,000 employees, with representative offices in Mauritius, Morocco, Seychelles, Mali and Paris. With an imposing 33 –storey headquarter building known as the Orange Telecommunication Tower, Sipromad Group enjoys the high prestige of owning Madagascar’s tallest building popularly known as the “Pride of the nation.” With a fortune estimated at $800 million, Forbes ranked Ylias Akbaraly as the fifth wealthiest person in Francophone Africa.
