AGP Executive Report
Last update: 7 hours agoMining: Madagascar formalised Harena Rare Earths’ exploitation permit for its Ampasindava project, bringing it closer to a pilot plant backed by US$4.84 million in US development funding. Environmental approvals are still needed before construction. Power: The government authorised Jirama to buy 18 Russian-made diesel generators without a tender, but disclosed neither the price nor capacity as the utility struggles with outages and financial pressure. Investment: Gemcorp and Fonds Souverain Malagasy announced a partnership to support investment in energy and mining, with a separate report putting fundraising ambitions at US$5 billion. Markets: The ariary was Africa’s third-weakest currency in 2026, at 4,471 to the US dollar. Energy transition: UK-backed clean-energy projects across eight African countries include Madagascar, supporting solutions such as solar cold storage and hybrid mini-grids. Agriculture: Researchers and producers are exploring biotechnology and other measures to revive Madagascar’s once-significant coffee industry.
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