AGP Executive Report
Last update: 7 hours agoRare Earths Push: The U.S. DFC is backing Harena Rare Earths’ Ampasindava project in northern Madagascar with up to $4.84 million for pilot plant work, lab testing, and environmental studies—part of Washington’s drive to cut reliance on China’s near-dominance in heavy rare earths used for permanent magnets. Diplomatic Ties: Madagascar President Michael Randrianirina met Egypt’s Abdel Fattah El-Sisi in New Alamein, with both sides signing cooperation deals and highlighting sectors like agriculture, healthcare, transport, renewable energy, and water. Trade Snapshot: Egypt–Madagascar trade hit $122.8 million in 2025, with Egypt exporting $109.5 million worth of goods, including milling products. Regional Policy Support: The African Development Fund approved a $3.48 million grant for industrial and trade policy strengthening across Cameroon, Chad, Comoros, Madagascar, and Togo, aimed at better AfCFTA implementation. Sports Calendar Spillover: Nigeria’s NFF shifted its 2026 elective congress to Sept. 27 in Lafia after scheduling its 2027 AFCON qualifier against Madagascar—showing how Madagascar fixtures ripple into governance timelines.
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