Madagascar |

Madagascar Removes Restrictions on Gold Exports, Official Says

Antananarivo, Madagascar, Capital Markets in Africa — Madagascar liberalized gold exports three years after it made the central bank the sole seller of the precious metal, an official said. A ministerial decision to do so was adopted in July 2015 but it has taken time to implement the amendment, Guy Raoilison, the general manager of the national gold agency known as ANOR, told reporters Thursday in the capital, Antananarivo. The island-nation made its central bank…

EIB gives Madagascar 300 mln euro loan for roads, power

Posted on by The Editorial Team

Antananarivo, Madagascar (Capital Markets in Africa):- The European Investment Bank (EIB) has given Madagascar a 300 million euro ($333 million) loan to go be used to rehabilitate roads, power and energy infrastructure, the island state said. The president’s office in Madagascar said in a statement late on Tuesday that the EIB loan would also help in emergency repair work resulting from cyclone damage. President Hery Rajaonarimampianina took office in January 2014 after successful elections in 2013…