official opening of the National Investment Forum

AA/ Antananarivo/ Sandra Rabearisoa

The National Investment Forum for the Emergence of Madagascar, officially opened this Friday, October 28 and will last two days at the International Conference Center (CCI) in Ivato, in the capital Antananarivo.

The event brings together actors from the Malagasy private sector as well as international partners and investors. In his speech during the opening ceremony, the Malagasy President, Andry Rajoelina, gave a retrospective of the achievements under the Plan Emergence de Madagascar (PEM) 2019-2023 which aims to catch up with the Big Island in terms of of development.

“This Forum does not stop at the debate stage, but aims to accelerate development and economic growth in accordance with the reality of Malagasy people,” said the Head of State.

And Rajoelina continues: “Madagascar has multiple assets both in terms of natural and human wealth”.

The Malagasy President reiterated the State’s desire to ensure a favorable business climate for operators and investors. He also announced major projects that the Government intends to undertake in the coming months, such as the construction of the first major highway in Madagascar which will link the capital Antananarivo to the port city of Toamasina. The work will be entrusted to an Egyptian company.

For this first day, thematic workshops on several strategic areas of development such as tourism, industrialization, energy, vocational training, agriculture and infrastructure, among others, were organized.

Several members of the government, in turn, exposed the projects implemented by the Rajoelina regime during these three and a half years of presidential mandate.

One year from the next presidential election scheduled for 2023, this move is interpreted by political analysts as a sign that President Andry Rajoelina is considering running for a new term.

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