Indian Ocean Times - only positive news on indian ocean

Madagascar: Marc Ravalomanana wants to rebuild his financial empire




Madagascar: Marc Ravalomanana wants to rebuild his financial empire
Exiled since four years in South Africa, the former president Marc Ravalomanana works behind the scenes in order to return to Madagascar in the coming weeks.

After announcing his official retirement on 12th December of the election race presidential Malagasy scheduled in May 2013, Marc Ravalomanana wants to rebuild his financial empire in the food industry. Fully ransacked by rioters during serious disturbances of 2009, his group Tiko is left today abandoned and serves for the moment only a place of ephemeral meeting his supporters.

The Tiko group has hired almost 75 million euro in the food industry sector between 1979 and 2008, with the key to the creation of 3,000 direct jobs as well as 11,000 indirect employments.

Former leader in the distribution of essential commodities in Madagascar, Marc Ravalomanana food group has supplied up to 60% of imported rice, 71% of flour, 70% of soybean oil and 40% of dairy products on the internal market.



Antso Rajaona


More from Indian Ocean Times :
< >

Monday, April 11th 2016 - 07:19 A new Prime Minister for Madagascar

Friday, March 4th 2016 - 05:00 The Antananarivo declaration