The recent Presidential elections in Madagascar seem to have been free and fair and took place without violence. This should be on the radar screen of any investor looking at Natural Resources.
Madagascar has amazing reserves of oil,gas, coal, gold, uranium, rare earths etc etc. However, for different reasons but in a similar way to my other country of interest, Iran, these reserves have been underexploited. The political upheaval in the country has not only scared away international investment, but also closed the doors of the Government ministry responsible for granting licenses.
There will likely be a run off in December, but it looks likely that we shall have some political stability in Madagascar for the first time in many years. This is great news for the long suffering population which is now one of the poorest in the world, but also great news for resources investors.
Take notice!!
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