Tag Archives: Madagascar

Madagascar government And development

The Madagascar government is set on strengthening
the economy through its bold 2007-12 Madagascar
Action Plan (MAP), which aims to continue structural
reforms, diversify levers for growth and achieve the
Millennium Development Goals (MDGs)

madagascar africa  and investment

The World Bank Board of Executive Directors today approved an International Development Association (IDA) credit* of US$8 million to support the Government of Madagascar’s Mineral Resources Governance Project (PGRM).

African countries have much to gain by diversifying exports and by further opening up regional trade. Despite improving over recent decades, Africa’s share in world trade remains low, it is heavily concentrated in natural resources, and intra-African trade is particularly limited. Regional integration can also help African countries become more competitive and resilient to external shocks.

The African Development Bank Group, UNICEF and the Government of Madagascar signed a US $1-million grant agreement to fund rehabilitation of social infrastructure in the country following the devastating cyclones Giovanna and Irina, which hit the country in February. The signing took place on August 23 in Brickaville, about 250 km east of Antananarivo.

GDP grew substantially in 2007 (6.3 per cent)
after thefairly modest advance of 2006.This was largely
due to the start of construction for two large mining
projects (ilmenite and nickel/cobalt), public
infrastructure investment and good secondary sector
performance. Foreign private investment in mining
accounted for much of the 26.6 per cent rise in gross
investment

The Board of Directors of the African Development Fund (ADF) approved today a loan of 6.52 million Units of Account (UA)* – approximately US $ 8.46 million to finance the Bank participation in the financing of the cyclones Eline, Gloria and Hudah damage repairs project in Madagascar

“Madagascar had already registered a number of critical successes like the Mining Cadastre service which is considered currently the best in Africa and the increasing formalization of artisanal and small-scale mining “ says Robert Blake, Country manager for Madagascar

Madagascar stated its intention to join the Extractive Industries Transparency Initiative (EITI) in October 2006 in Oslo, Norway.

The africa future Business boom

In Africa , Djibouti is growing fast  and has launched massive construction and development projects. It is said to become the new business and trade hub of the Horn of Africa region. Business in Africa is growing at a rapid pace

Rapidly growing buildings with modern building complexes and futuristic office buildings  are adorning the landscape in Djibouti. The Africa business landscape ifs definitely moving fast and quick which will be soon competing with Canada and Australia

Africa Future of business

africa business story future boom

Australia and Africa are vast continents of climatic extremes, from deserts to tropical rainforests. Africa has a wealth of natural resources. Africa  has 60 per cent of the world’s uncultivated, arable land and it has 12 per cent of the world’s petroleum and 30 per cent of the planet’s known mineral reserves. Africa is either first or second by share for known reserves of platinum, diamonds, cobalt, gold and bauxite.

Investment into Africa is now booming.

The lack of basic infrastructure is the biggest impediment to economic development in Africa. The lack of suitable buildings, transport links and power and water supplies in most parts of the continent makes it virtually impossible for the emergence of modern economies.

Us investing in Africa business

Wall Street-listed companies are investing more on the continent with each passing week.

Diageo (DEO:US)

(P/E Ratio: 22.8; P/B Ratio: 7.4; Dividend Yield: 2.1%)

GE (GE:US)

(P/E Ratio: 16.2; P/B Ratio: 1.8; Dividend Yield: 3.4%)

Moneygram (MGI:US)
Sanofi (SNY:US)

(P/E Ratio: 13.5; P/B Ratio: 1.4; Dividend Yield: 4.5%)

Few corporations have a longer history in Africa than Siemens. It first got down to business on the continent in 1857. In 2010, its South African sales totaled $767 million. Nigerian revenue came in at $124 million.