16th Francophonie Summit held in Madagascar : “a great opportunity for the country to showcase its potential”  Ylias Akbaraly
Nov22

16th Francophonie Summit held in Madagascar : “a great opportunity for the country to showcase its potential” Ylias Akbaraly

16th Francophonie Summit held in Madagascar: “a great opportunity for the country to showcase its potential”  Ylias Akbaraly The 16th Francophonie Summit held for the first time in Antananarivo (Madagascar)  from 22th to 27th Novembrer is «  a great opportunity for the country to showcase its potential”, said Ylias Akbaraly,  Chairman of  Sipromad Group, one of the fifth richest man in Francophonie. He has welcomed the Summit calling it as “an ideal platform for Madagascar to position itself as the potential Tiger of the Indian Ocean and a huge opportunity for African businesses to strike new partnerships. ” This year’s theme is “Shared growth and responsible development: conditions for stability around the world and within La Francophonie”. In 1989, Mr Akbaraly, started with   a staff of 20 and a turnover of  USD 20,000. He   has turned the family business into a multimillion dollar conglomorate today with over 3,000 staff , a turnover of over  USD 150 million . Sipromad Group has offices in Paris, Dubai and Mauritius and want to expand his company.  In an deeper interview, Ylias Akbaraly discusses his vision of sustainable development in Madagascar and in Africa. By Houmi Ahamed-Mikidache Eraenvironnement.com : For the first time, Madagascar is hosting the Francophone Summit, this country has many challenges related to the fight against poverty. How will this event benefit the country located in the Indian Ocean? Ylias Akbaraly: This is a big chance for Madagascar and for the businessmen in Madagascar because there are many delegations, heads of state and important businessmen attending the Summit. For example Morocco.  King Mohamed VI  is here with over 200 businessmen. So, I believe it’s a great opportunity for the country to showcase its potential. We are also signing some deals on the occasion in banking which will help in growing our business in Africa. You have mentioned that Madagascar can be the tiger of Indian Ocean. Could you please explain how it can unlock its potential? Madagascar can be the Tiger of the Indian Ocean, the reason is very simple first, our location (right in between Asia and Africa). Second, we are the biggest country in the Indian Ocean and third, our population. We have a young population which is well educated. The government should look into simplifying regulations, making it easier for entrepreneurs and foreign businessmen to come, to settle, and to start a business. I will say that the investors too should offer the best education and training to the “young generation.” You have invested in a wild range of sectors from property (realty), Agrobusiness, aviation to hydro electricity (infrastructure),  in Madagascar.  Madagascar is seen as of one...

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