AGP Executive Report
Last update: 3 hours agoBusiness & Courts: Malagasy tycoon Mamy Ravatomanga was denied bail again in Mauritius, where he faces provisional money-laundering charges involving about $150 million; his lawyers plan to appeal. Rare Earths: Madagascar formalised Harena’s exploitation permit for its Ampasindava project. Environmental approvals are still needed before construction; a $4.84 million US development-finance agreement will support a pilot plant. Investment: Gemcorp and the Fonds Souverain Malagasy have formed a partnership to support investment, with reports pointing to a $5 billion push into energy and mining. Power: Jirama can buy 18 diesel generators directly from Russia’s Malmekhservice, bypassing normal tenders, as Madagascar seeks to ease shortages. A UK-backed clean-energy fund also includes projects in Madagascar among 10 schemes across Africa. Agriculture: Research and producers are exploring ways to revive Madagascar’s coffee industry, once a major regional producer. Climate Risk: A strengthening El Niño raises drought concerns in southern Madagascar, threatening food security and agricultural livelihoods.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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