AGP Executive Report
Last update: 9 hours agoCritical Minerals Finance: Harena Rare Earths signed a project development funding agreement with the US International Development Finance Corporation for up to $4.84m to advance its Ampasindava ionic clay rare earths project in Madagascar, covering permitting, environmental and social studies and a proof-of-concept pilot plant. Graphite Project Milestone: Evion Group secured mining permits for its Maniry graphite project in Madagascar, converting exploration licences into mining tenure and clearing the path toward financing, a final investment decision and development. Energy & Industry Context: Madagascar reimposed a nationwide energy emergency, underscoring how power reliability remains a key constraint for industrial output and services. Regional Trade & Private Sector: PACCI elected Tanzania’s Vincent Minja as vice president for the East African region, with Madagascar included among the 14 countries represented—aiming to boost intra-African trade and investment. Food Security Pressure: A new FAO/WHO/WFP/IFAD/UNICEF report says hunger remains high and many people in Africa can’t afford a healthy diet, a warning for Madagascar’s agriculture and food industries.
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