YEARBOOK

ECONOMIC REPORT

YEARBOOK

ECONOMIC REPORT

In partnership with the Presidencies, the Prime Ministers' Offices, the Ministries and the APIs

Special Country

In partnership with the Presidencies, the Prime Ministers' Offices, the Ministries and the Investment Promotion Agencies

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In partnership with the EDBM (Economic Development Board of Madagascar)

The Madagascar Emergence Plan (PEM)

The ambition is to raise Madagascar to the rank of emerging middle-income countries in order to make up for the development gap it has suffered since independence. The realization of the vision through strategic actions...

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International &
Multilateralism
Madagascar – International
– Adherence to the Madrid Protocol

Promoting local products is one of the support actions of...

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Growth
Madagascar – Invest
– Macroeconomic developments

The COVID-19 pandemic has put a stop to four years of...

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Madagascar – Stylized Facts

An island state in southern Africa located in the western Indian Ocean, 400 ...

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Maps & Stylized Facts

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Presidency

New Year's address to the Nation by the President of the Republic of Madagascar, Mr. Andry Rajoelina – in office in October 2025

2021 will be the year for work, for rebuilding and...

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Prime Minister's Office

Mr. Christian Ntsay, Prime Minister of the Republic of Madagascar – in office in October 2025

Page under creation Christian Ntsay is the Prime Minister...

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Ms. Lantosoa Rakotomalala, Minister of Industry, Trade and Crafts of the Republic of Madagascar – in office in 2021

Interview with Lantosoa Rakotomalala, Minister of Industry, Trade and ...

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Madagascar – Interview with Mr. Andry Ravalomanda, Director General of EDBM – in office in 2021

Interview with Andry Ravalomanda, Director General of EDBM since 2018. This...

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Legal framework
favorable

Madagascar – Invest
– The “Free Zone and Enterprise” law

The law of January 17, 2008 defined the provisions governing the...

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Investment Promotion Agency

Madagascar – Invest
– The Economic Development Board of Madagascar (EDBM)

The EDBM, the official investment promotion agency, is the reference partner...

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Free Zones
& ZES

Madagascar – Invest
A special economic zone dedicated to textiles

The Textile City of Moramanga in Madagascar, located along the ...

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Dedicated contacts

Madagascar – Invest
– Public contacts dedicated to investors

The EDBM is the entry point for any investor looking for opportunities...

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Bank

Madagascar – Bank
– The banking system

The Malagasy banking landscape has changed a lot with new foreign banks...

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Madagascar – Bank
– The Central Bank has launched partnership agreements for gold

The establishment of the national gold reserve and the formalization...

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Madagascar – Bank
– Strengthening the industrial and financial sectors with the support of the AfDB

The AfDB approved, at the end of October 8, 2020, the Support Project for...

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Madagascar – Bank
– Financing for the economy

As in all countries experiencing the pandemic, the health crisis has...

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Construction

Madagascar – Construction
– Buildings resistant to natural hazards

The Big Island is among the top three most exposed countries...

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Madagascar – Construction
– Construction, a structuring activity

In Madagascar, this sector supports all of the country's major investment programs...

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Madagascar – Construction
– The construction of the Mangoky Bridge

The project to build the 880-meter bridge over the river...

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Madagascar – Construction
– Projects co-financed by the European Union

Eight infrastructure projects have been signed and implemented in the...

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Insurance

Madagascar – Insurance
– Reform of the insurance sector with a new law

Insurance is one of the sectors essential to economic development and...

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Telecom

Madagascar – Telecom
– The METISS submarine cable

The ten telecom operators that are members of the METISS submarine cable consortium are expected to...

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Madagascar – Telecom
– Modernization of the Telecommunications network

The government has launched a major project to modernize the network of...

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Madagascar – Telecom
– The first African country to launch 5G

While in 1996, the Big Island was ten years behind...

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Madagascar – Mr. Joël Randriamandranto, Minister of Transport, Tourism and Meteorology – in office in 2024

Interview with the Minister of Transport, Tourism and Meteorology, Joël ...

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Madagascar – Mr. Fidiniavo Ravokatra, Minister of Mines and Strategic Resources – in office in 2024

Interview with the Minister of Mines and Strategic Resources, Fidiniavo Ravokatra, who...

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Air

Madagascar – Air
– Modernization of Malagasy airports

The Malagasy government began the concessioning process in 2020 for...

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Mines

Madagascar – Mines
– The Mining Business Center, a mining hub

The Madagascar Mining Cadastre Office (BCMM) aims to...

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Madagascar – Mines
– High quality graphite

Madagascar is one of the world's six leading graphite producers, alongside...

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Madagascar – Mines
– The development of the mining sector

The mining sector represents a pillar of Madagascar's emergence. With...

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Transportation

Madagascar – Transport
– Improving the road network

More than 14,340 km of construction, repair and maintenance have...

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Madagascar – Transport
– A new strategy for maritime transport

Written with the International Maritime Organization (IMO), the new draft National Policy...

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Madagascar – Transport
– Rail transport

There are four railway lines in Madagascar, totaling 836...

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Digital

Madagascar – Digital
– A very dynamic ICT sector

This sector has already grown considerably, after a decade of massive investment by...

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Madagascar – Digital
– A leading country in offshore outsourcing

New information and telecommunications technologies make Madagascar...

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Madagascar – Mr. Fanomezantsoa Lucien Ranarivelo, Minister of Agriculture, Livestock and Fisheries – in office in 2024

Interview with Fanomezantsoa Lucien Ranarivelo, Minister of Agriculture, Livestock and ...

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Madagascar – Mr. Andry Ramaroson, Director General of Energy and Hydrocarbons – in office in 2024

Interview with Andry Ramaroson, Director General of Energy and Hydrocarbons, a sector...

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Hydrocarbons

Madagascar – Hydrocarbons
– The downstream oil sector fully liberalized

The Ministry of Energy and Hydrocarbons is responsible for policy...

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Agro-industries

Madagascar – Agro-industries
– Income products intended for export

Higher value-added cash crops for export...

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Madagascar – Agro-industries
– The granary of the Indian Ocean

Madagascar occupies a strategic position among the islands of the Indian Ocean...

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Madagascar – Agro-industries
– A law on organic farming

For farmers and Malagasy operators alike, the adoption of the...

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Madagascar – Agro-industries
– Agro-industries, an important sector in job creation

This sector encompasses both primary and...

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Fishing

Madagascar – Fishing
– Significant marine and coastal resources

With 5,600 km of coastline and more than 117,000 km²...

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Breeding

Madagascar – Livestock
– The challenges of agro-livestock farming

Livestock farming contributes 601,000 million Malagasy households to their income. Its growing importance...

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Tourism

Madagascar – Tourism
– Antananarivo, capital of Madagascar

The Malagasy capital, the administrative and economic center of the country, is also the...

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Madagascar – Tourism
– The Miami Project

Consists of developing the seaside of Toamasina into a beach...

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Madagascar – Tourism
– Exceptional tourist potential

The tourism sector is a cornerstone of emergence. The Policy...

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Madagascar – Tourism
– A true Eden to discover

With its unique flora and fauna, its dream beaches, its...

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Electricity

Madagascar – Electricity
– Electricity, a priority

The electricity sector has been liberalized since 1999, promoting free competition...

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Madagascar – Electricity
– The Electricity Code is favorable to investments

Law 2017-020 was adopted in November 2017 as part of...

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Madagascar – Electricity
– Favorable conditions for the exploitation of renewable energies

The electricity sector has been liberalized since 1999, promoting free competition...

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Water

Madagascar – Water
– The strategic orientations of the PNEAH

The National Water, Sanitation and Hygiene Policy (PNEAH) is...

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Madagascar – Water
– Towards access to drinking water for all

While Madagascar has abundant water resources, one of the highest in the...

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Madagascar – Water
– The JIRAMA Water III drinking water supply project

The project concerns the drinking water supply of Antananarivo. Thanks to the increase in...

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Health

Madagascar – Health
- Opportunities

Like major African pharmaceutical producers, Madagascar benefits from opportunities...

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Madagascar – Health
– Social protection

Madagascar has social security programs. But their areas...

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Madagascar – Health
– Scientific research and pharmaceutical production

The country is rich in medicinal plants whose virtues are well...

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Madagascar – Health
– The reform of the health system

The State has decided to reform its system of...

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Education
& Training

Madagascar – Education
– Human resources and education system

A true lever for development, higher education and scientific research is a...

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Forest, Environment
& Biodiversity

Madagascar – Forest
– The valorization of bamboo

INBAR (International Network for Bamboo and Rattan) and PROSPERER (Program for ...

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Madagascar – Forest
– Environment and Forestry

In order to protect the magnificent natural sanctuary that is Madagascar, ...

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Madagascar – Forest
– A vast reforestation program

The mining sector is known to be harmful to the environment, a vast program...

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Culture

Madagascar – Culture
– Properties inscribed on the UNESCO World Heritage List

Madagascar has ratified the Convention for the Protection of the World Cultural Heritage...

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Source : YEARBOOK Economic Report

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