JTF Madagascar
BIO has granted a EUR 2.9 M loan to JTF Madagascar, a company involved in the production of maize, soya and Geranium Bourbon for essential oil in Madagascar.
Amount
€ 2,937,500.00
Type of investment
Debt
Development impacts
- Private sector consolidation/innovation
- Food security & rural development
Beneficiary locations
Investment field
Enterprises
Activity
Agrobusiness
Located in the plateau of Ihorombe (in the Centre-South of the country), the company currently exploits 5,429 ha with the help of experienced agronomists.
JTF is the first and only large-scale commercial maize producer of the country and the only one which has modern equipment, technologies and techniques. With the production of maize, JTF contributes to reduce the deficit of corn supply in the country.
Development impacts
-
Private sector consolidation/innovation
Know-how transfer : As the single large commercial corn, soya and geranium producer of the country, JTF ensures a transfer of know-how to Malagasy being part of its team of agronomists.
Market structuring effect: JTF increases the secured supply of basic food and animal feed crops that allows downstream industries to expand operations.
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Food security & rural development
Availability of food: JTF is a World Food Program supplier and provides corn to local poultry industry to enable Madagascar to meet the growing demand for animal proteins in Madagascar.
Construction of a modern hospital with free medical examinations, a school, a college, sports field, public buildings all powered by solar PV
Read impact and news about this project
News
JTF Madagascar financed by DFIs Finnfund & BIO
22-01-2020
Finnfund and BIO have invested in JTF Madagascar, an agricultural company owned by the Italian renewable energy company Tozzi Green.
View more of our investments in this region
Investment Companies & Funds
African Rivers Fund IV
10,000,000.00
Angola, Democratic Republic of Congo, Uganda, Zambia
05/12/2024
Equity
