(Ecofin Agency) - • Madagascar signs $90M deal with Israeli firm LR Group to launch a smart agriculture project.
• The plan covers 10,000 hectares across four regions and aims to help over 10,000 small farmers.
• Technologies include solar irrigation, hybrid seeds, satellite tracking, and AI for crop planning.
Madagascar announced a partnership with Israeli group LR Group Ltd on a $90 million smart agriculture project. The deal was signed on May 25 in Tel Aviv by the Secretary of State for the Presidency in charge of food sovereignty.
The project will develop a large farming hub spread over 10,000 hectares in four regions, including Analamanga, Alaotra-Mangoro, Bongolava, and Vakinankaratra. It will focus on growing rice, maize, and soybeans using advanced tools and techniques.
New methods include solar-powered irrigation, high-yield hybrid seeds, and the use of artificial intelligence and satellite imagery to monitor crops. The project will also set up modern storage systems, farm machinery, and a research lab to support future innovations.
More than 10,000 small-scale farmers are expected to benefit through training and technical support. Authorities say the goal is to improve food self-sufficiency and reduce the country’s reliance on food imports, while also helping farmers adapt to climate change.
The government hopes this project will serve as a model for similar efforts in other parts of the country. But for long-term success, officials stress the need to fully involve farmers, maintain new technologies, and improve access to funding.
• The NCC now requires telecom operators to publish details of major service outages.• Operators mus...
• U.S. bill includes 5% tax on money sent abroad by migrants, affecting $13B to Africa• Nigeria...
• WAEMU’s tax revenue remains far below the 20% benchmark, stuck at 14% of GDP• IMF projects target ...
New solar plant to generate 85,934 MWh annually in Katiola Private $60M investment...
South Africa’s Unemployment Insurance Fund (UIF) will inject $21 million into the South Afr...
Located in the vibrant coastal city of Durban, on South Africa’s eastern seaboard, uShaka Marine World is far more than just a theme park. It stands as a...
- Mauritanian candidate Sidi Ould Tah won more than 76% of total regional and non-regional votes in the African Development Bank (AfDB) election.- Ould...
• Thor Explorations generated $64 million from Segilola mine in Q1 2025.• Gold sales rose 30%, with average price per ounce up 34%...
• Agip, a unit of Eni, wins appeal in the long-running OPL 245 dispute.• Nigerian court rules Malabu’s claim was filed too late to proceed.• Verdict...
Located in the vibrant coastal city of Durban, on South Africa’s eastern seaboard, uShaka Marine World is far more than just a theme park. It stands as a...
The Osun-Oshogbo Sacred Grove, located in the city of Oshogbo in southwestern Nigeria, holds significant cultural and religious meaning for the Yoruba...