Prez greets Madagascar on its national day
President Pranab Mukherjee on Thursday greeted the government and people of the Republic of Madagascar on the eve of their national day.
“On behalf of the government, the people of India and on my own behalf, it gives me great pleasure to convey to you, to the government and the people of the Republic of Madagascar, warm greetings and felicitations on the occasion of your National Day,” President Mukherjee said in his message to his Madagascan counterpart Hery Rajaonarimampianina.
Madagascar Seeking Tsimiroro Partners, Secures New Financing
Madagascar Oil Ltd on Tuesday said it has hired an adviser to identify a partner for the Tsimiroro project and it secured a USD5 million financing facility, as it posted a slightly narrower loss in 2014.
The company said it has hired Jefferies International Ltd to work as its strategic adviser and to secure a partner for Tsimiroro. In addition, the company has secured a USD5 million financing facility from shareholder Outrider Management LLC to back continuing work at the site.
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