AGP Executive Report
Last update: 6 hours agoInvestment: Gemcorp and Madagascar’s sovereign wealth fund have agreed to develop an investment platform for mining, energy and infrastructure, with a goal of mobilising up to $5 billion over four years. Food and Climate Risk: Southern Madagascar is already facing hunger as El Niño raises drought risks; aid cuts and inflation are adding pressure ahead of a potentially severe dry spell. Digital Economy: Telecom operators are urging tax cuts on mobile services, mobile finance and entry-level phones, saying high costs limit internet and digital-payment access despite broad network coverage. Energy: Madagascar has signed an agreement for the 120-megawatt Volobe Amont hydropower plant, while Gemcorp’s investment plans also include hydro and solar projects. Public Finance: The IMF approved a $155 million payout to Madagascar, providing fresh budget support. Gold: Madagascar’s central bank is buying locally produced gold to build reserves and reduce outflows.
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