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Madagascar News

Logistics;Railways & Metro;Ports & Shipping;Airports & Aviation

World Bank approves $200 million for Madagascar multimodal transport project

The World Bank has approved $200 million in financing for Madagascar's Multimodal Transport and Logistics Project, targeting railway, port, inland waterway, and airport infrastructure. The project includes rehabilitation of the Tananarive–Côte Est railway, ports of Majunga and Tulear, 200 km of the Pangalanes Canal, and regional airports, benefiting an estimated 3.8 million people.

Madagascar | 4 weeks ago

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Defence | 2 days ago

Elbit Systems secures $350 million international main battle tank modernization contract

Israel-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.

Business & Corporate | 2 days ago

UPS commits USD 50 million to industrial logistics and launches time-definite Mexico air freight

UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.

Energy & Power | 2 days ago

NLC India selects Ohmium and InSolare for 4 MW green hydrogen project in Tamil Nadu

Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.

Business & Corporate | 2 days ago

Rashmi Group commits INR 350 billion to expand industrial footprint in West Bengal

Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.