Latest Africanss News/November 19, 2018/Mark Katanga/162 views Madagascar: For Business, Madagascar’s Investment Potential Hinges On Key Electionsshare on:FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancel Photo: Phil Boyle/Twitter The close of polling stations in the Madagascan elections shows 36 numbers on the blackboard in Mahjanga, one for each candidate. analysis By Shawn Duthie The results of the election, in which three former presidents – Hery Rajaonarimampianina, Andry Rajoelina and Marc Ravalomanana – are the favourites, must be accepted and seen as legitimate to prevent further political instability. ALSO READ Obasanjo Says Buhari's Hand Is To Weak To Sign African Free Trade AgreementEyes were on Madagascar as it held its first round of presidential elections on 7 November. Not many eyes, though. Madagascar’s geographic seclusion has kept it from the top of most people’s lists when covering African countries. But the ‘Big Island’ boasts an impressive array of natural resources – including chromite, bauxite, semi-precious stones and oil. The state-owned oil company, Office des Mines Nationales et des Industries Stratégiques (OMNIS), just launched its first oil licensing round since 2006. ALSO READ Governor Akeredolu Attacks Oshiomhole, Speaks On Supporting Buhari In 2019The licences are located in off-shore Madagascar next to Mozambique’s Rovuma Basin, in which major international companies have discovered major gas reserves. The opportunities in this area could be equally impressive, but only if there is the stability necessary for companies to make… Leave A Comment Below Related share on: FacebookTwitter Google +Pinterest Tumblr Linked InEmailSend to Email Address:Your NameYour Email AddressEmail check failed, please try againCancel previous articleTeargas as Police Blocks Lusanja Evictees from Marching to Parliamentnext articleJoburg residents to benefit from 525 social housing units in TurffonteinRelated PostsLatest Africanss News/December 9, 2018 From Buns Seller To Musician With A Label Meet Chibichan – Gossip Mill NigeriaLatest Africanss News/December 9, 2018 From Buns Seller To Musician With A Label Meet Chibichan – Gossip Mill NigeriaHow 128 people died in road accidents in Sept – FRSCNigeria’s infrastructure deficit to hit $878bn by 2040 — SECFrom Buns Seller To Musician With A Label Meet Chibichan – Gossip Mill NigeriaTanzania/Swaziland: Classy Simba Swallow MbabaneLocal film to premier in DurbanFrom Buns Seller To Musician With A Label Meet Chibichan – Gossip Mill NigeriaMozambique: Renamo Misreads the Budget – AgainWhen will things get really better?