Colonel Michael Randrianirina, head of the elite CAPSAT corps and the main architect of the October 14 coup, announced on Monday the appointment of businessman Herintsalama Rajaonarivelo as Madagascar’s new Prime Minister. Randrianirina, who was sworn in as the country’s new leader on Friday, October 17, said the choice was based on Rajaonarivelo’s “experience and international connections.”
Rajaonarivelo, a key figure in the private sector, former head of the Malagasy employers’ association, and Chairman of BNI Madagascar’s Board of Directors, will lead a civilian and inclusive transitional government. The administration is expected to share power with the military for two years until general elections are held, a move intended to reassure international donors and reduce the country’s diplomatic isolation.
“He has the skills, the experience, but also the relationships he maintains with international organizations and other countries that will collaborate with Madagascar,” Randrianirina said. By nominating a civilian prime minister, Colonel Randrianirina seeks to legitimize the military takeover and preserve ties with international partners. He also announced plans to form a full civilian government that will include the country’s main stakeholders.
Political Unrest and International Reaction
The military power grab followed weeks of anti-government protests spearheaded by the “Gen Z Madagascar” youth movement. The protests, sparked by severe water and electricity shortages and a deterioration of living conditions, culminated in the military ousting President Andry Rajoelina for “abandonment of post” after he fled abroad. Rajoelina, now in exile, condemned the move as an “unconstitutional coup d’état” and insisted that the online resignation letter was falsified.
The African Union condemned the military’s seizure of power, suspending Madagascar from all its bodies and demanding an immediate return to constitutional order. Both the United Nations and the Southern African Development Community (SADC) have also called for dialogue between the parties.
The political upheaval has triggered economic repercussions. S&P Global Ratings placed the country’s sovereign rating, B-/B, under a negative watch, arguing that the instability undermines economic growth and fiscal consolidation efforts. The agency has consequently downgraded Madagascar’s growth forecast for 2025–2026 to 3%, down from a previous projection of 4.1%.
Olivier de Souza
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Government orders talks to set “fair” Jet A1 prices Fuel costs jump nearly 267% in two months, straining airlines Sector warns of flight disruptions...
New 50 MW solar plant aims to improve power supply in rural Luapula Project reflects shift away from hydro dependence after 2024 drought Government...
Petrosen takes full control of Yakaar-Teranga gas project Government hails deal as a strategic recovery with no financial cost Timeline targets first...
PHC targets in-house refining to move up the value chain Project depends on output growth that has slowed in recent years Expansion comes as Congo...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...