http://www.polity.org.za
Deepening Democracy through Access to Information
Home / Statements RSS ← Back
Pretoria|Africa|Bank Of South Africa|Bank Of Southern Africa|Business|Energy|Mining|Ports|Projects|Roads|Sustainable|Tourism|Africa|Madagascar|South Africa|Antananarivo Airport|Business To Business|Electricity|Energy|Energy Demand|Large Scale Mining Projects|Mining|Hery Rajaonarimampianina|Infrastructure|South Africa|Southern Africa
|Africa|Business|Energy|Mining|Ports|Projects|Roads|Sustainable|Tourism|Africa||||Infrastructure|
pretoria|africa-company|bank-of-south-africa|bank-of-southern-africa|business|energy|mining|ports|projects|roads|sustainable|tourism|africa|madagascar|south-africa|antananarivo-airport|business-to-business|electricity|energy-industry-term|energy-demand|large-scale-mining-projects|mining-industry-term|hery-rajaonarimampianina|infrastructure|south-africa-region|southern-africa-region
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Verification Image. Please refresh the page if you cannot see this image.

Sponsored by

Close

Article Enquiry

DTI: Madagascar President calls on South African businesses to invest in Madagascar

Verification Image. Please refresh the page if you cannot see this image.
Close

Embed Video

DTI: Madagascar President calls on South African businesses to invest in Madagascar

President of Madagascar Hery Rajaonarimampianina

14th June 2017

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

The President of Madagascar, Mr Hery Rajaonarimampianina, has called on the South African business community to invest in Madagascar.

President Rajaonarimampianina made the call during the Madagascar Investors Conference that was hosted by Department of Trade and Industry (the dti) in partnership with the Department of International Relations and Cooperation (DIRCO) and the Development Bank of Southern Africa (DBSA) in Pretoria today.

Advertisement

President Rajaonarimampianina said Madagascar, which had recently come out of political instability was in urgent need of investments. He said the country was pursuing mutually beneficial cooperation with prospective investors with the view to creating jobs that would benefit the citizens of both countries.

“Our ambition is one, and that is to improve the lives of our citizens. We call upon the South African business community to partner with us in this goal. We are here to give you compelling reasons to invest in Madagascar,” said President Rajaonarimampianina.

Advertisement

According to him, their vision is to have sustainable development in the country. The conference provided South African businesses with an opportunity to engage with both Malagasy government and businesses to acquire in-depth information on trade and investment prospects presented by the island state. He commended the Development Bank of South Africa which had funded the upgrade of the Antananarivo airport, citing the funding as a shining example of potential partnerships between the two countries.

He continued to highlight sectors that were critical to changing Madagascar’s growth trajectory. These include energy, infrastructure, tourism and mining.  According to him, energy demand currently exceeds supply in that only 23% of the population have access to electricity.  It is against this backdrop that the President invited South Africa to partner with Madagascar to address its infrastructure deficit. He cited projects such as the large scale mining projects and a booming textile sector, all of which require ports, roads and railways in which South Africa could invest.

The conference will conclude tomorrow with business to business meetings between the South African businesses and their Madagascar counterparts. Both countries are keen to facilitate investments to each other’s markets, hence the convening of the Investors’ Conference for sharing of investment opportunities in Madagascar with the South Africa private sector.

 

Issued by Department of Trade and Industry

EMAIL THIS ARTICLE      SAVE THIS ARTICLE ARTICLE ENQUIRY

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close