Business in Madagascar

EENI- School of International Business

Subject Subject (Course): International Trade and Doing Business in Madagascar - Antananarivo.


  1. Introduction to the Republic of Madagascar (East Africa).
  2. Doing Business in Antananarivo and Toamasina
  3. Malagasy economy
  4. International Trade of Madagascar.
  5. Ports of Madagascar
  6. Foreign Direct Investment (FDI) in Madagascar
  7. Business Opportunities in Madagascar
    - Tourism
    - Agribusiness
    - Mining
    - Light Industries
    - Information and communications technology (ICT)
    - Infrastructure
  8. Case Study:
    - Socota Group (Textiles and apparel)
    - Madagascar petroleum
  9. Economic Development Board of Madagascar
  10. Economic partnership agreement with the European Union (EU)
  11. Introduction to French
  12. Access to the Malagasy market
  13. Business Plan for Madagascar

Purposes of the subject “Foreign Trade and Doing Business in the Republic of Madagascar”:

  1. To analyse the Malagasy economy and foreign trade
  2. To evaluate business opportunities in the Republic of Madagascar
  3. To explore Madagascar's trade relations with the student's country
  4. To know Madagascar's Free Trade Agreements (FTAs)
  5. To examine the profile of Malagasy companies
  6. To develop a business plan for the Malagasy market


Subject “Doing Business in Madagascar” is studied...
  1. Doctorate in Business in Africa
  2. Professional Master's Programs (e-learning): Africa, International Business
  3. Course: East Africa

Course learning materials in English or French Madagascar Spanish Madagascar Portuguese Madagascar

  1. Credits of the subject “Foreign Trade and Doing Business in Madagascar”: 1 ECTS Credits / 0.5 AC Credits
  2. Duration: one week

Sample of the subject (Doing Business in Madagascar):
Doing Business in Madagascar

We Trust in Africa

Description Subject Description (Doing Business in Madagascar).

Madagascar: 50% in the World vanilla market.

The Republic of Madagascar: one of the poorest African countries.

  1. Malagasy Population: 22 million. Growth: 2,7%
  2. Life expectancy: 64 years
  3. Area: 587,295 square kilometres
  4. Capital: Antananarivo (2.1 million).
  5. Economic capital: Toamasina
  6. The official languages: Malagasy, French, English
  7. Religion: Animism (52%). Christian (41%)
  8. The nearest countries: Mozambique, the Comoros, Mauritius, Mayotte, Reunion, Seychelles, Swaziland, and Tanzania
  9. Abolition of slavery in Madagascar: 1896
  10. Independence from France: 1960

Madagascar belongs to the East African Economic Area of the African Civilisation.

Ports of Madagascar

Malagasy economy:

  1. One of the poorest countries in Sub-Saharan Africa
  2. Economic growth: 2.6 %
  3. The inflation: 6.9%
  4. The main sector of the Malagasy economy: agriculture
    - 3.6 million tonnes of rice (third African producer)
    - 1 million tonnes of cereals (maize, potato)
    - Fruits and vegetables.
    - Litchies: 70% share of the European market. The first world exporter.
    - 50% of the World's vanilla market
    - The first world exporter of spices and other essential oils
  5. Malagasy industry (13% of GDP): soap production, food and tobacco processing, brewing, textiles, and leather
  6. Ranking in the Doing Business Index: 142
  7. Malagasy currency: Ariary (not convertible)

Madagascar Oil

Foreign Trade of Madagascar:

  1. Malagasy Exports: 1.251 million Dollars (FOB Value)
  2. Imports: 2.619 million Dollars (CIF Value)
  3. Top Malagasy trading partners: France, Singapore, China, Germany, Canada, India, the United States, Italy, the United Kingdom, and Spain
  4. Trade with the Southern African Development Community (SADC) countries: only 5.3% of the total exports/12% of the total imports.
  5. Trade with the Common Market for Eastern and Southern Africa (COMESA) countries: only 3% of the total exports/6.9% of the total imports.
  6. Trade with the Indian Ocean Commission countries: only 3.1% of the total exports/5.5% of the total imports.
  7. Foreign Direct Investment (FDI): 386 million Dollars.

The mission of the Economic Development Board of Madagascar (Public body) is to encourage foreign direct investments and create a friendly business climate. The Board has defined six strategic sectors for the development of the Malagasy economy: tourism, agribusiness, light manufacturing industry, Information and communication technologies (ICT), infrastructure, and mining.

Indian Ocean Commission

Madagascar has preferential access:

  1. Common Market for Eastern and Southern Africa (COMESA)
  2. Southern African Development Community (SADC)
  3. COMESA-EAC-SADC Tripartite Agreement
  4. Indian-Ocean Rim Association (IORA)
  5. Indian Ocean Commission
  6. United States-Africa (AGOA)
  7. COMESA-United States Trade and Investment Framework Agreement
  8. Cotonou Agreement (European Union)
  9. Generalised System of Preferences (GSP)

Madagascar is a member of:

  1. African Development Bank
  2. Economic Commission for Africa (ECA)
  3. New Partnership for Africa's Development (NEPAD)
  4. African Union (AU) - Convention Combating Corruption
  5. Africa (Madagascar)-South America Summit (ASA)
  6. Africa (Madagascar)-Asia Strategic Partnership
  7. Afro-Arab cooperation - Arab Bank for Economic Development in Africa (BADEA)
  8. Relationships with China and India

Samples - Business in Madagascar

Common Market for Eastern and Southern Africa (COMESA)

Southern African Development Community (SADC)

Southern African Development Community (SADC)

COMESA-United States Free Trade Agreement

Indian-Ocean Rim Association IORA

SADC-European Union Free Trade Agreement

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