Madagascar’s electoral court upheld Hery Rajaonarimampianina’s victory in last month’s presidential elections as his defeated rival urged regional leaders to investigate his claim that the vote was marred by fraud.
Sherritt International Corp., whose assets include nickel and energy operations in Cuba, will hold a shareholders’ meeting on May 6 after receiving proposals by activist investor Clarke Inc. to revamp the board.
Madagascar’s former Finance Minister Hery Rajaonarimampianina won the presidential run-off to replace his backer Andry Rajoelina, who came to power in a coup almost five years ago that crippled the economy.
Madagascar’s former finance minister, Hery Rajaonarimampianina, is leading the race to become the Indian Ocean island nation’s next president, the electoral commission said, with 95 percent of ballots counted.
Voters in Madagascar head to the polls for a presidential run-off that may help pull the country out of a five-year political crisis that prompted international donors to freeze aid and stalled the economy.
Tullow Oil Plc, a U.K. explorer with most of its licenses in Africa, expects to find oil in Madagascar when it begins drilling in the south of the Indian Ocean island next year, a company official said.
Madagascar takes a step toward returning to democracy and ending its international isolation as voters began casting ballots in the first presidential election since a 2009 military-backed coup stalled the economy.