Madagascar business community denounces growing insecurity

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The business community in Madagascar on Thursday issued a statement to voice their concern about the growing insecurity in the country.

“The French Collective Indian Origin in Madagascar (CFOIM) as well as all professional associations of companies complain unanimously and denounce a security situation that has become intolerable,” the statement said.

The business community of Madagascar is worried about the kidnapping of a 26-year-old businessman, Yanish Ismael, on May 16 in a cemetery in the suburb of Antananarivo, Madagascar’s capital.

“Madagascar can not afford, with this unacceptable security situation, to discourage international partners who are willing to invest in the country,” the dozens of employer groups said in the statement.

They urged Madagascar’s authorities to ensure the release of Ismael and the safety of all residents in Madagascar.

Ismael is the son of a well-known French economic businessman in Madagascar, who employs more than 5,000 people.

Police sources in Madagascar revealed that the kidnapping of the young businessman is the third similar case since the beginning of 2017 and the 91st case of kidnapping in the country between 2010 and 2017. Enditem

Source: Xinhua/