Malagasy Tycoon Mamy Ravatomanga Calls For Calm During Nationwide Non-violence Observances.

Mamy Ravatomanga, one of Madagascars wealthiest and most influential businessmen, called for an end to looting and violence that he said are threatening jobs and businesses as the country marked the International Day of Non-Violence this week. Ravatomanga, founder and president of the Sodiat Group, used the occasion to criticize attacks on commercial properties and warned that economic recovery would stall if unrest continued. His remarks came as the country grapples with protests over rising prices, power shortages and political tensions. A business leader speaks out Looting destroys jobs, and when jobs disappear, families suffer, Ravatomanga said during a ceremony in the capital. Violence does not solve our problems. The speech was seen as unusual in a country where business leaders often avoid taking public positions on political unrest. Several recent demonstrations have turned violent, with shops vandalized and some businesses forced to shut down. Ravatomangas comments were widely covered in local media and welcomed by parts of the business community, which has been pressing the government for measures to restore security and confidence in the economy. Sodiats rise and Ravatomangas influence Ravatomanga built Sodiat from a small import-export operation in the early 1990s into one of Madagascars largest conglomerates. The group now spans transport, construction, hotels, aviation, energy and media, employing thousands of workers nationwide. The 64-year-old tycoon has long been considered an influential figure behind the scenes in Madagascars political and economic life. Analysts often describe him as a close ally of President Andry Rajoelina and a key voice in shaping business policy. Ravatomangas prominence has drawn scrutiny, with foreign authorities over the years probing alleged financial misconduct and links to illicit timber exports claims he has denied. Despite controversies, he remains a central figure in Madagascars business elite. A call for stability amid fragile times Ravatomangas appeal for calm comes as protests have disrupted trade and spurred fears of deeper instability. Business associations warn that continued unrest could derail investment and slow job creation in one of the worlds poorest countries. His message of non-violence echoed that of civic and religious leaders urging restraint. Whether his words can help ease tensions remains to be seen, but the intervention by a figure of his stature underscored the mounting concern within Madagascars private sector about the countrys fragile stability.