Madagascar: Groupe Talys secures €9m IFC loan to scale construction materials and retail
The construction materials and grocery retail markets in Madagascar remain largely fragmented.
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The International Finance Corporation (IFC) is providing a €9 million long-term loan to Madagascar-based family-owned Groupe Talys.
The financing will be used to scale Groupe Talys’ flagship businesses: Sanifer and Kibo. Sanifer is Madagascar’s largest importer and distributor of construction materials and home-improvement products, while Kibo is the group’s cash-and-carry grocery retail concept.
“This project is aimed at expanding the availability of high-quality materials to benefit consumers to help improve their homes and at increasing formal job prospects through retail expansion, particularly for women. As evidence suggests, when women are economically empowered, communities thrive and economies grow. Our investment in Groupe Talys reflects IFC’s commitment to private sector-led growth that is inclusive and resilient,” said Cláudia Conceição, IFC regional director for Southern Africa.
Madagascar faces a housing deficit of about two million units, with demand growing by over 100,000 homes annually. As both the construction materials and grocery retail markets in Madagascar remain largely fragmented and informal, the funding will support the expansion of modern retail formats and improve access to affordable, high-quality goods for families and small contractors alike in the country.
“We would like to express our sincere gratitude to the IFC team for their trust and continued support. This partnership marks an important milestone in Groupe Talys’ journey – the result of years of disciplined growth and a continuous drive towards greater maturity and impact. Beyond building a leading and more structured distribution platform in Madagascar, our ambition is to create real pathways for women, men, and youth to access dignified work, build their homes, and actively contribute to the development of the country,” said Feride Hassanaly, CEO of Groupe Talys.