Gemcorp and Fonds Souverain Malagasy Announce Strategic Partnership to Support Investment in Madagascar

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Postmedia has not reviewed the content. by Business Wire Gemcorp and Fonds Souverain Malagasy Announce Strategic Partnership to Support Investment in MadagascarAuthor of the article:LONDON — Gemcorp and the Fonds Souverain Malagasy (“FSM”) signed a strategic partnership during the 81st United Nations General Assembly (“UNGA”) in New York, establishing a framework to support investment and the development of Madagascar’s strategic assets.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountUnder the leadership of His Excellency Michael Randrianirina, President of the Republic of Madagascar and guided by his vision to “transform the potential and endowments of the country into tangible impacts for the people,” the partnership will support FSM and the Government of Madagascar in advancing the country’s growth and investment agenda. This includes a particular focus on unlocking the value of Madagascar’s mineral resources, alongside its broader assets across mining, energy and infrastructure.This advertisement has not loaded yet, but your article continues below.As part of this partnership, FSM and the Government of Madagascar will set the strategic direction and priorities, with Gemcorp supporting FSM in structuring projects, developing investment and financing solutions, and connecting projects with international sources of capital, investors and partners.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe partnership is intended to help attract foreign direct investment and long-term international capital into projects, supporting Madagascar’s economic development and the sustainable realisation of its natural resources.His Excellency Andry Raharinomena, Chairman of FSM, said:“Madagascar is actively building strategic partnerships and attracting investment. We have assets across energy, infrastructure and mining, and FSM is determined to work with world-class partners to realise their full potential. This agreement with Gemcorp marks an important step forward, and we look forward to building on this partnership together.”Atanas Bostandjiev, Founder and Chief Executive Officer of Gemcorp, said:“We are delighted to enter into this partnership with FSM. Madagascar has the ambition, the leadership and the strategic assets to become one of Africa’s leading investment destinations, and we look forward to helping FSM bring the world’s capital to its priority projects. This is the kind of partnership Gemcorp is built for: we bring financing and structuring, commodities trading and offtake, industrial operations and advisory, backed by a real presence on the ground, to help turn national priorities into investable projects and, ultimately, delivered outcomes for the Malagasy people.”Madagascar has meaningful potential across critical minerals, energy and infrastructure. Working alongside FSM, the partnership will focus on translating selected objectives into well-structured bankable projects – with the commercial, financing and delivery foundations that give international partners the confidence to invest for the long term.Gemcorp is an integrated investment and operating group focused on emerging markets. Founded in 2014, we originate, structure, finance, invest in and operate strategic businesses and infrastructure across the emerging markets – combining proprietary capital with capital managed for institutional and private investors.Across five complementary divisions – asset management, commodities trading, principal investments, operational assets, and critical supply and logistics – Gemcorp pairs deep local presence with the capital and operating capability to deliver in markets where others will not. With teams across Africa, the Middle East and Latin America, we turn undercapitalized opportunities into lasting value for our investors and durable growth in the economies where we operate.View source version on businesswire.com: This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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