Madagascar Tries To Lure In Investors

Madagascar is looking to lure in investors.  “The private sector will bring development and create jobs in Madagascar,” Hery Rajaonarimampianina told a business meeting in Johannesburg, before attending President Jacob Zuma’s inauguration.  Recently returned to democracy, country is leaving behind “five years of crisis and 50 years of poverty,” its new leader said.

According to iOL, “Rajaonarimampianina was elected president last December, the first vote following a coup in 2009.”  Investment is much needed since a large part of the population lives in poverty.  “There won’t be any development if there isn’t security, and an independent judiciary,” said Rajaonarimampianina, a former Rajoelina protege.

He also said, “We must strengthen good governance, put in place the rule of law, reinforce democracy.”  He is seeking investment in the embryonic mining sector, boasting of riches like gas, oil, gold, uranium and precious stones.  Renewable energy, tourism and especially ecotourism were other possible sectors as well, he added.

Source: AFK Insider