Madagascar Military Coup Ousts Rajoelina
Analysis based on 11 articles · First reported Oct 14, 2025 · Last updated Oct 15, 2025
The military coup in Madagascar introduces significant political instability, likely deterring foreign investment and potentially disrupting the supply chains of its natural resources like vanilla and precious gems. The uncertainty surrounding the new government's policies and the ongoing protests could negatively impact the country's economic outlook and creditworthiness, affecting entities with direct or indirect exposure to Madagascar.
Madagascar is undergoing a military coup after weeks of youth-led anti-government protests. President Andry Rajoelina was impeached by parliament and has fled the country, fearing for his life. The elite military unit, Corps d administration des personnels et des services administratifs et techniques (CAPSAT), led by Colonel Michael Randrianirina, has taken control, dissolving several state institutions and promising to form a civilian government. The protests, initially sparked by electricity and water shortages, expanded to broader discontent over poverty, corruption, and the high cost of living in Madagascar. This event marks the worst political crisis since 2009, when Andry Rajoelina himself came to power through a military-backed coup.
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