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Madagascar's Ambatovy nickel mine, being acquired by Sandile Zungu's ZICO consortium, has restarted production after a four-month shutdown caused by Cyclone Gezani damage.
Madagascar's richest man Ylias Akbaraly says the political crisis is frightening investors away as a France-Madagascar diplomatic standoff deepens.
Former Glencore nickel trader Jason Kluk and South African billionaire Sandile Zungu are acquiring Sumitomo's 54% stake in Madagascar's Ambatovy nickel mine, which has cost the Japanese company $2.6 billion in cumulative losses.
As Mamy Ravatomanga wakes up behind bars in Mauritius, a looming court hearing could shift his fight from VIP custody to tougher ground.
From Tanzania’s mobile networks to Kenyan fibre and a new digibank push, Axian is Hiridjee’s vehicle for a continent-wide telecom land grab.
Axian Telecom agreed to acquire Wananchi Group for $63 million, adding enterprise fibre and connectivity assets in Kenya, Tanzania and Uganda.
Mauritius detains Madagascar business magnate Mamy Ravatomanga over suspected money laundering and Boeing jet transfer to Iran.
Mamy Ravatomanga, the power broker behind Madagascar’s ousted president, is facing arrest warrants, financial freezes and investigations in the wake of a military takeover that has upended the country’s elite networks.
Mamy Ravatomanga fled Madagascar with Christian Ntsay after daring critics to face him in court, sparking outrage in a country already on edge.
Madagascar tycoon Mamy Ravatomanga calls for calm, condemns looting and job losses during nationwide non-violence observances.
AXIAN Telecom secures $600M in bond funding to deepen digital reach, expand broadband, and connect millions across Africa.
AXIAN Telecom has secured $100 million from EIB Global to expand 4G and 5G in Madagascar and Tanzania, enhancing digital access and inclusion.
The acquisition, finalized in mid-July 2024, positions AXIAN as WiASSUR’s second-largest shareholder and grants the conglomerate a governance role.
This acquisition follows AXIAN’s collaboration with GreenYellow a year ago, which brought a groundbreaking 1.8MW solar photovoltaic power plant to Madagascar’s Sava region.
The arrangement, structured in collaboration with Societe Generale Benin and Ecobank Togo, aims to propel Togocom into a new era of digital advancement.
The development follows AXIAN Telecom’s strategic move in July 2023, where the company, led by Hiridjee, increased its stake in Free in Senegal to 80 percent.