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Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

One of the world’s poorest countries spent $170 million on a cable car system that nobody uses, just before the president fled the country

The idea was unique for sub-Saharan Africa: Use cable cars to lift thousands of commuters above the daily gridlock in one of Africa’s fast-growing cities.

But the system ran for only a few weeks, and now the car-less cables hang unused above Madagascar ‘s capital in what might be a $170 million mistake by one of the world’s poorest countries.

The cable car system in Antananarivo was promoted and inaugurated by former President Andry Rajoelina before he was deposed in a military coup late last year following youth-led protests alleging widespread government failures.

He reasoned it was the best way to end the reliance on aging, overcrowded minibus taxis that create traffic jams stretching for hours, an........

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