AGP Executive Report
Last update: an hour agoPower Supply: Madagascar authorized Jirama to buy 18 diesel generators directly from Russia’s Malmekhservice, bypassing normal tenders. The deal comes amid chronic power shortages; its cost and generating capacity have not been disclosed. Coffee Industry: The government and growers are working to revive a sector that once produced up to 62,000 tonnes of coffee cherries a year, with research and production efforts aimed at restoring its economic role. Climate Risk: A strengthening El Niño raises drought concerns for famine-scarred southern Madagascar, threatening farms and already vulnerable communities. Mining and Energy Investment: Gemcorp and the Fonds Souverain Malagasy have announced a strategic partnership to support investment. Gemcorp has also joined an effort to raise $5 billion for energy and mining projects. Critical Minerals: Madagascar was selected for a UN support programme offering policy and regulatory expertise to help mineral-producing countries build value chains and retain more economic benefit locally.
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