AGP Executive Report
Last update: 7 hours agoCritical Minerals Finance: Harena Rare Earths says it has secured a US$5m project funding facility from the US International Development Finance Corporation (DFC) for its flagship rare earths project in Madagascar, positioning the company for faster progress toward production. Mining Ownership Shift: Terra Group announced it has completed full ownership of Pan African Mining Corporation (PAMC), whose Madagascar assets focus on gold and coal, with plans to invest to advance the portfolio toward production. Textiles & Jobs Push: Afreximbank’s African Textile Renaissance Plan targets cotton industrialisation across the value chain, aiming to create 500,000 jobs and drive $10bn in import substitution by 2030, as Africa moves beyond exporting raw fibre. Tourism Dealmaking: Emirates renewed and signed multiple tourism board partnerships, including a renewed deal with Madagascar’s Ministry of Tourism and Handicrafts to support a push toward one million visitors by 2028. Forestry Skills for Livelihoods: UNESCO highlights vocational training that helps communities build livelihoods while protecting Madagascar’s forests.
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