South Korea's project to transform Madagascar into its breadbasket, branded by some as neo-colonial, came to an abrupt end on the 18 March when the Indian Ocean island's new president said he would shelve the plan.
Daewoo Logistic's deal to lease a huge tract of farmland, half the size of Belgium, to grow food crops to send back to Seoul was a source of popular resentment that contributed to the fall of Marc Ravalomanana, the former president.
Andry Rajoelina, who was declared president by the military and constitutional court after months of demonstrations and will be formally sworn in on Saturday, said that any agreement with Daewoo was “cancelled”.
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