Gemcorp and the Fonds Souverain Malagasy (FSM) signed a strategic partnership during the 81st United Nations General Assembly in New York. The agreement establishes a framework to support investment in Madagascar’s strategic assets, focusing on mining, energy, and infrastructure.

The partnership aims to unlock the value of Madagascar’s mineral resources and broader national assets. It supports the government’s growth agenda by connecting priority projects with international sources of capital, investors, and partners.

Partnership Structure and Roles

Under the leadership of Michael Randrianirina, President of the Republic of Madagascar, the FSM and the Government of Madagascar will set the strategic direction and priorities. Gemcorp will support FSM by structuring projects, developing investment and financing solutions, and facilitating connections with global capital markets.

The collaboration is designed to attract foreign direct investment and long-term international capital. This approach seeks to ensure sustainable realization of natural resources while delivering economic development for the country.

Executive Commentary

Andry Raharinomena, Chairman of FSM, emphasized the nation's active efforts to build strategic partnerships. He noted that Madagascar holds significant assets across energy, infrastructure, and mining, and that FSM is determined to work with world-class partners to realize their full potential.

Atanas Bostandjiev, Founder and Chief Executive Officer of Gemcorp, highlighted the country's potential to become a leading African investment destination. He stated that Gemcorp brings financing, structuring, commodities trading, industrial operations, and advisory capabilities backed by local presence.

Focus on Bankable Projects

The partnership will focus on translating selected objectives into well-structured bankable projects. These initiatives will include commercial, financing, and delivery foundations intended to give international partners confidence in long-term investment.

Madagascar possesses meaningful potential across critical minerals, energy, and infrastructure. The joint effort aims to turn national priorities into investable projects that deliver outcomes for the Malagasy people.