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Vol 2 (AAC) No 5

Published 1st March 2009


Madagascar

A target of the revolution

After the Madagascar imbroglio, South Korean and Indian companies are trying new tactics

Almost as soon as he seized power on 18 March, putchiste President Andry Rajoelina cancelled a proposed contract to lease over a million hectares of land to South Korea's Daewoo Logistics. Rajoelina, who has the backing of most of Madagascar's army, said the Daewoo plan undermined national sovereignty. The land lease plan that was under negotiation between ousted President Marc Ravalomanana and Daewoo Logistics seemed doomed from the outset. Yet Daewoo seemed surprised that the plan had fuelled an upsurge in nationalist sentiment.

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