Advertisement
UK markets close in 2 hours 39 minutes
  • FTSE 100

    8,091.22
    +50.84 (+0.63%)
     
  • FTSE 250

    19,704.48
    -14.89 (-0.08%)
     
  • AIM

    755.29
    +0.60 (+0.08%)
     
  • GBP/EUR

    1.1667
    +0.0022 (+0.19%)
     
  • GBP/USD

    1.2475
    +0.0012 (+0.10%)
     
  • Bitcoin GBP

    50,975.12
    -2,252.79 (-4.23%)
     
  • CMC Crypto 200

    1,358.65
    -23.92 (-1.73%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • CRUDE OIL

    83.01
    +0.20 (+0.24%)
     
  • GOLD FUTURES

    2,339.60
    +1.20 (+0.05%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     
  • DAX

    17,970.06
    -118.64 (-0.66%)
     
  • CAC 40

    8,012.35
    -79.51 (-0.98%)
     

Madagascar names interim central bank chief ahead of poll

ANTANANARIVO (Reuters) - Madagascar said on Wednesday it had appointed Vonimanitra Razafimbelo as interim central bank governor after the previous chief died suddenly last month. The Indian Ocean island has faced political uncertainty for years, and as it heads into presidential elections on October 25, it is struggling to regain the confidence of foreign investors who had been eyeing deposits of oil, gold, chrome and uranium. Razafimbelo was the central bank's deputy director general under Guy Ratovondrahona, who headed the bank from February last year until his death on September 9. Among Razafimbelo's top priorities will be to speed up economic growth in Madagascar, a country which the World Bank forecasts will expand by 2.6 percent this year and which is ranked among the world's poorest nations. The former French colony has been in chaos since Andry Rajoelina seized power with military support in 2009, ousting former President Marc Ravalomanana after opposition protests. Neither will stand for election later this month.