JTF Madagascar
JTF Madagascar is a Malagasy company created in 2010 and which is involved in the production of maize, soya and Geranium Bourbon for essential oil. The company is a subsidiary of Tozzi Green SpA, an Italian group focused on renewable energy.
Amount
€ 3,750,000.00
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.
-
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
Financial Institutions
ACEP Group
4,100,000.00
Burkina Faso, Cameroon, Madagascar, Niger, Senegal
14/10/2019
Equity
Investment Companies & Funds
Adenia Capital IV LP
9,000,000.00
Côte d'Ivoire, Ghana, Madagascar
01/11/2016
Equity
Financial Institutions
ACEP group
67,512.00
Burkina Faso, Cameroon, Madagascar, Niger, Senegal
23/07/2019
Subsidy
Investment Companies & Funds
Adenia Capital III
5,000,000.00
Côte d'Ivoire, Ghana, Madagascar
28/02/2012
Equity
Investment Companies & Funds
Adenia Capital III
100,000.00
Côte d'Ivoire, Ghana, Madagascar
19/05/2016
Subsidy
Investment Companies & Funds
Adenia Capital III
150,000.00
Côte d'Ivoire, Ghana, Madagascar
28/09/2012
Subsidy