Investisseurs & Partenaires announces investment in SCRIMAD Group

Madagascar,Capital Markets in Africa  —- Investisseurs & Partenaires welcomes a new company in its portfolio IPAE: the agribusiness company SCRIMAD Group, located in Madagascar.

This is the third investment of the Fund I&P Afrique Entrepreneurs in Madagascar, after IOT (aquaculture) et ACEP Madagascar (Microfinance).

Founded in 1993 and managed by Simon Rakotondrahova, SCRIMAD is specialized in the collect and export of litchi production, among other fruits and spices (vanilla, black pepper, cinnamon, etc.). The partnership with I&P aims to help the company diversify its activities and ensure stable income to the partner farmer organisations.

SCRIMAD is also associated with ETHIQUABLE, a french co-op speciallized in organic agriculture and fair trade.