The European Investment Bank (EIB) grants a EUR 20 million to Sahanala to support food security, reduce imports and create jobs in Madagascar.

The funding aims to boost sustainable food production, reduce corn and rice imports, and create jobs to improve food security. Projects supported by the funding include agricultural mechanization, product processing and the promotion of responsible fishing. Sahanala is committed to training producers, protecting the environment and promoting equal opportunities for women. This initiative will contribute to the economic development and improved living conditions of rural communities in Madagascar.

The loan was signed today, July 18, at Sahanala’s offices in Ankadivato, after a visit to the Maintirano site by the EIB delegation, which included the Vice-President, Ambroise Fayolle; the Minister of Agriculture and Livestock, Harifidy Ramilison; and the Secretary General of the Ministry of Industry, Trade and Consumer Affairs, Onja Miandry Rakotondramanana. 

The signing ceremony was also honored by the presence of the Minister of Fisheries and the Blue Economy, Paubert Mahatante, Sahanala administrators from the 4 major federations, managing directors of technical and financial partners, elected representatives from the Sava region and authorities from the Melaky region.