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Madagascar
World Bank's lobbying crucial to mining sector reform

World Bank President David Malpass and Madagascar's President Andry Rajoelina at the Iavoloha presidential palace in Antananarivo, on 29 April 2019. © Mamyrael/AFP

The cabinet has approved a new mining code, the reopening of the mining register and the resumption of gold exports. World Bank lobbying has been a significant factor in those decisions, the institution having made its forthcoming €200m budgetary aid conditional on the sector's reform. [...]

Published on 21/04/2023 at 05:40 GMT Reading time 3 minutes

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Mining

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Andry Rajoelina
Bureau du cadastre minier de Madagascar
Christian Ntsay
Fidiniavo Ravokatra
International Monetary Fund
Jean-Luc Marquetoux
Marie-Chantal Uwanyiligira
Mohamad Ahmad
Mokhtar Benlamine
Olivier Rakotomalala
World Bank

Madagascar
QMM suspends paying out dividend to sovereign wealth fund deemed unfit for purpose

Rio Tinto's Madagascan subsidiary, which mines ilmenite in the south of the island, has had to postpone paying out a $12m dividend for 2023 to the country's new Sovereign Wealth Fund as it does not meet the proper conditions.

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Madagascar
World Bank and IMF called in to rescue Madagascar's finances

President Rajoelina has had no choice but to turn to the Bretton Woods institutions to bail out the country's economy, burdened largely by debt and subsidies to the oil and utilities sectors.

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Madagascar
Last-minute talks before mining code revisions come into force

Since the amendments were adopted last June, industry players have been waiting for a crucial implementation decree to be issued. Ministries and local authorities have yet to agree on how mining taxes will be distributed.

Subscribers only Mining 19.03.2024

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Gemfields: anatomy of a deal on hold

The UK mining group looked set to become a key player in Madagascar's gemstone sector until its talks with the government were abruptly interrupted amid accusations of bribery and corruption. Africa Intelligence has had access to documents that retrace the chronology of the negotiations and reveal details of a project whose future is highly uncertain.

Subscribers only Mining, Business 05.12.2023

Madagascar
Parliament prepares for final vote on mining code reform

Le projet de loi portant révision du code minier sera de retour devant l'Assemblée nationale de Madagascar la semaine prochaine pour sa dernière navette.

Subscribers only Mining 01.06.2023

Madagascar
State coffers almost empty in run-up to presidential election

During a confidential meeting with business leaders, Andry Rajoelina admitted that he would be unable to finance a number of public subsidies or to settle state arrears before June. An announcement that has gone down badly with the business community.

Subscribers only Finance 05.05.2023

Benin, Guinea, Ivory Coast, Togo
World Bank to appoint new country director for Abidjan office

The World Bank's country director in Abidjan Coralie Gevers's successor will come from the institution's Madagascar office and be appointed in June.

Subscribers only Finance 14.04.2023

Spotlight | Madagascar
Rajoelina cold-shouldered by international lenders over election financing

After having had their fingers burned in 2018, the international financial institutions are reluctant to finance the presidential elections due in nine months. The electorial commission is asking for $33m, which is $18m more than five years ago.

Subscribers only Politics 24.01.2023

A polling station in Antananarivo during the second round of the presidential election, 18 December 2018.

Madagascar
Mining code fails to make it on to the parliamentary agenda

Reform of the Madagascan mine code has been put back until the next parliamentary session in May 2023. The bill failed to find a consensus as tensions persisted on certain points.

Subscribers only Mining 21.12.2022

Madagascar
New mining code project sparks political and economic wrangling

The new text, an electoral promise of Andry Rajoelina, would significantly increase taxation in the sector in Madagascar. It is due to go through cabinet shortly, but is bitterly contested within the government and is likely to spark an outcry from the Chamber of Mines.

Subscribers only Mining 24.11.2022

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Andry Rajoelina
Bureau du cadastre minier de Madagascar
Christian Ntsay
Fidiniavo Ravokatra
International Monetary Fund
Jean-Luc Marquetoux
Marie-Chantal Uwanyiligira
Mohamad Ahmad
Mokhtar Benlamine
Olivier Rakotomalala
World Bank

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World Bank's lobbying crucial to mining sector reform

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About Africa Intelligence

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

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Madagascar World Bank's lobbying crucial to mining sector reform

This article is free

Create an account to read more

create a free account

Set up email notifications for these topics

Madagascar QMM suspends paying out dividend to sovereign wealth fund deemed unfit for purpose

Madagascar World Bank and IMF called in to rescue Madagascar's finances

Madagascar Last-minute talks before mining code revisions come into force

Madagascar Gemfields: anatomy of a deal on hold

Madagascar Parliament prepares for final vote on mining code reform

Madagascar State coffers almost empty in run-up to presidential election

Benin, Guinea, Ivory Coast, Togo World Bank to appoint new country director for Abidjan office

Spotlight | Madagascar Rajoelina cold-shouldered by international lenders over election financing

Madagascar Mining code fails to make it on to the parliamentary agenda

Madagascar New mining code project sparks political and economic wrangling

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Senegal
Guns and oil drive Russia's Dakar courtship

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Madagascar
World Bank's lobbying crucial to mining sector reform

Madagascar
QMM suspends paying out dividend to sovereign wealth fund deemed unfit for purpose

Madagascar
World Bank and IMF called in to rescue Madagascar's finances

Madagascar
Last-minute talks before mining code revisions come into force

Madagascar
Gemfields: anatomy of a deal on hold

Madagascar
Parliament prepares for final vote on mining code reform

Madagascar
State coffers almost empty in run-up to presidential election

Benin, Guinea, Ivory Coast, Togo
World Bank to appoint new country director for Abidjan office

Spotlight | Madagascar
Rajoelina cold-shouldered by international lenders over election financing

Madagascar
Mining code fails to make it on to the parliamentary agenda

Madagascar
New mining code project sparks political and economic wrangling