Madagascar agrees to a 10 year fisheries agreement with Chinese consortium

At the beginning of September, Hery Rajaonarimampianina, the President of Madagascar, attended the Beijing Summit of the Forum on China-Africa Cooperation. It was announced during this visit that the two countries had finalised a 10 year investment agreement, entered into between the Malagasy Agency for Economic Development and Promotion of Enterprises, and the Chinese business consortium, Taihe Century Investments Developments Corporation.  It is an agreement that has been presented as part of Madagascar’s blue economy initiative.

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