Madagascar is slowly emerging from a sustained period of subdued economic activity. The launch of the Chamber of Commerce and Industry between Madagascar and South Africa, which took place at the Ibis hotel on March 14th, 2014, constitutes a promising contributor to the boost of the economic recovery of the Island. MASACCI is willing to offer to operators of both countries an opportunity to develop their cooperation in various sectors and for mutual interests.
Olga Ramalason, the minister of Commerce, emphasizes the doors which are open to Madagascar following to the implementation of MASACCI have a peek at these guys.
“We envision that Madagascar can get many advantages from this cooperation with South Africa, through the implementation of this Chamber of Commerce, especially after five years of crisis. It’s time to be open to other countries, which could collaborate with us. South Africa is the first economic power of the continent; it has an important potential. The consolidation of cooperation should certainly contribute to the development of the private sector, trade, infrastructures, agriculture, mining and tourism.” She explained.
South Africa supports firmly the efforts supplied by the country to ensure its economic recovery. However, considering the increasing interest of South African companies for the country, they perceive a potential mattering in the development of the economic cooperation between both countries. ” We believe that there’s a huge potential for business between Madagascar and South Africa. South Africa could complement Madagascar in many sectors of Industry, mining, tourism and agriculture. I really believe that in the future, this joint venture between Madagascar and South Africa can develop the economics of Madagascar.”
The Board of Directors have great ambition for MASACCI and is committed to making it a force improving Malagasy-South African trade. The launching ceremony of MASACCI was attended by numerous public figures: diplomatic entities and various private operators to name a few.