Madagascar: Impact investor backs cassava processor

Madagascar-based impact investment vehicle Miarakap, supported by Investisseurs & Partenaires (I&P), has invested in Malakass, a cassava processing company.

Miarakap acquired a minority stake in Malakass that will allow the young company to start its factory, structure its supply network and obtain the necessary certifications for export.

Malakass, founded in 2021 by Houssen Mebobaly, has set itself the mission of contributing to the development of the cassava farming sector in the Atsimo-Andrefana region, thanks to the installation of a factory to process cassava into high-quality flour for the local market and export to European countries.

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