Located in the Indian Ocean, Madagascar is the fifth-largest island in the world. Its economy rests on agriculture (vanilla, cloves, cocoa, rice), mining resources, fishing and a fast-growing tourism sector. The country is a member of SADC, COMESA and the African Union.
| Capital | Antananarivo |
|---|---|
| Languages | Malagasy, French |
| Currency | Ariary (MGA) |
| Key exports | Vanilla, cloves, nickel, cobalt, textiles, prawns |
Madagascar offers opportunities in several promising sectors. The Economic Development Board of Madagascar (EDBM) supports investors with their procedures.
The Embassy connects South African and Malagasy operators and directs them to the relevant bodies (EDBM, chambers of commerce).
South Africa is a leading trade partner for Madagascar within SADC. Exchanges cover capital goods, manufactured products, agri-food and services. The Embassy supports economic missions, fairs and B2B meetings between the two countries.