Madagascar
Sector
Agriculture & Agri-processing
Project: Agro-technopole complex
Project summary: The project’s aim is to develop an agro-technopole complex in the region of Vakinankaratra, to support local farmers to market their products efficiently, and to promote export of fruits and vegetables in southern Africa, Middle East and EU. The centre will also control the quality of produce by providing technical assistance to farmers. The site can support 10 000 hectares for fruits and 40 000 hectares for vegetables. 200 000 tons of fruits and 400 000 tons of vegetables are currently produced.
Project cost: US$1.2-million, to be provided by financial partner
Commercial partner: Distribution know-how
Technical partner: Knowledge in RD for conservation of local products and supply of cool chain.
Investing in Madagascar
Madagascar has embarked on a programme of economic and financial reforms meant
to speed -up development and attract foreign investment. A law on commercial arbitration, a code of ethics for judges and a new government procurement code have been adopted to improve the business environment. The government has among other measures, simplified customs procedures with the adoption of three tariff rate bands: 5, 10 and 20%. The country is a member of the Community of the Indian Ocean (COI), which opens up trade access to the European Union. Madagascar has affordable labour and its relationship with China and direct route, provides access to cheap materials. The communications sector has seen the most visible change due to liberalisation, which has brought competition, wider coverage and new services.
For further information on this opportunity contact OSEC’s Investment Promotion in Sub-sahara Africa (IPSSA) at ipssa@osec.ch
Article source: www.osec.ch/ipssa
