Tiko SA is become a necessity product for the transitional government

The seizure on the Tiko group by the government is a vital necessity. The State put a specific organization in place to manage in transparency the exploitation of what can be described like being its” milking cow”. Since its creation, the operational cell connected to the High authority of the state has been successfully draining 10 billions of ariary from Marc Ravalomanana’s enterprises. This measure will be applied until the liquidation of the corporation. 

 The whole of Tiko Corporation has become a first necessity product for the financially poor government of transition. Officially, the enterprise is forced to produce to pay for what it owes in state, taxes but also bills from Jirama for electricity and from the SPAT for the harbour services. In other cases, the Tiko group is used to avoid the first necessity product shortage, the main source of social grumble in the country. 

For the case of the Mana mill, the government of transition must face flour shortage. The operational cell which controls Tiko’s assets emphasizes that flour production is necessary for the enterprise because rotting wheat stocks are potentially dangerous.  One week later, the produced gas could have blasted the storing facilities “. 

Mana produces 100 tons of flours per day, a third of its capacity. The operational cell pretends to act to the profit of Tiko’s 73 employees requisitioned run the mill of Toamasina. 

The operational cell is also in charge of the sale of Tiko’s imported goods. 2300 tons of flour have been put on the market by the cell of the HAT. Rice is sold to wholesalers by a limited quota. Some 9700 tons have been sold. The government of transition also used the “500 ariary a kilo of rice” for its communication campaign, 400 ariary less than the normal price.