Madagascar seeks to strengthen cooperation with Morocco

Madagascar President Andry Rajoelina received on Tuesday in Paris a delegation from the General Confederation of Moroccan Enterprises led by the head of the Federation Chakib Alj as part of the meeting of Francophone entrepreneurs, organized by the French Enterprise Movement, on Tuesday and Wednesday in Paris.

The meeting was attended by a number of government members, Malagasy economic actors and representatives of the Moroccan private sector.

This meeting reinforced the strong presence of Moroccan economic actors who are present today in more than 30 countries on the continent working in the economic and social infrastructure, industry, telecommunications, banking, insurance, food industries and modern technologies.

President of Madagascar expressed his admiration for Moroccan achievements, especially in the field of renewable energies, food industries, the pharmaceutical industry and other sectors calling on the Moroccan and Malagasy private sectors to continue to explore opportunities for cooperation.

The Malagasy president said ‘We have implemented a strategy for the development of Madagascar and respond to the expectations of the population and for this, we need Moroccan expertise and investments in several sectors.

Chakib Alj the president of the General Federation of Moroccan Enterprises, said that he is convinced that Madagascar offers many opportunities that Moroccan companies will benefit from.

He stressed that ‘it is about opportunities that we want to seize with our partners in Madagascar with whom we share many values and history.”

The meeting was marked by the presentation of an institutional film about investment opportunities in Madagascar and the new city Tanamasoandro, whose completion requires about four billion euros, was an opportunity for many Moroccan business leaders working in various sectors such as construction, energy, industry, agriculture, technology and insurance.