Politics
Gemcorp Joins Madagascar to Raise $5 Billion for Energy, Mining
Key Points
Gemcorp Joins Madagascar to Raise $5 Billion for Energy, Mining Madagascar wants to raise as much as $5 billion by teaming up with asset manager Gemcorp Capital Management Ltd. to fund energy, infrastructure and mining projects in the island nation. The partnership was unveiled late last month as a key pillar of the new government’s efforts to drive economic growth in one of the world’s poorest countries. The London-headquartered firm intends to set up an office in the capital city,...
Gemcorp Joins Madagascar to Raise $5 Billion for Energy, Mining
Madagascar wants to raise as much as $5 billion by teaming up with asset manager Gemcorp Capital Management Ltd. to fund energy, infrastructure and mining projects in the island nation.
The partnership was unveiled late last month as a key pillar of the new government’s efforts to drive economic growth in one of the world’s poorest countries. The London-headquartered firm intends to set up an office in the capital city, Antananarivo, before the end of the year.