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马达加斯加投资环境介绍

发布时间:2022-06-17 10:10:18 文章来源:African Investments(业务四部转载)


Country overview: Madagascar is an island country located in Indian Ocean off the southeastern coast of Africa. It got independence from France on 26 June 1960. It is a semi-presidential Republic with President sitting as the Chief of State and Prime Minister as the Head of Government.  Its capital is Antananarivo and has an administrative structure divided into 6 provinces. It runs a bicameral legislative system consisting of Senate and National assembly. French and Malagasy are the official languages while English is also spoken. Christianity and Indigenous religions are the main religion. It has a mixed legal system of civil law influenced by the French civil code and customary law. It has an area size of 587,041 sq km. Madagascar is a member of the Southern African Development Community (SADC), COMESA (Common Market for Eastern and Southern Africa) and IOC (Indian Ocean Commission), regional free trade organizations totalling more than 600 million potential consumer.
Demographic Information: Madagascar has an estimated population of 27 million comprising mostly of younger population (less than 25 years) which makes up about 58.9% of the population, those in the age bracket of 25-64 years makes up about 37.6% of the population and above 65 years age group makes up about 3.5% of the population. The average population density is estimated at 48 inhabitants/km2. In terms of human development indicators, it has a life expectancy of 68.9 years (Women) and 65.7 years (Men). It achieved universal primary education with a 134.06% Primary enrolment rate in 2019 and overall literacy level of 74.8% as at 2018.
 
Broad Economic Overview: The Madagascar economy is driven by agriculture, including fishing and forestry, which accounted for 25% of GDP and employs about 80% of the population. Some of the agricultural produce includes rice, cassava, cocoa, beans, bananas, peanuts, livestock product as well as vanilla and coffee.  Madagascar produces 80% of the world’s natural vanilla. The country is also rich in natural resources (rubies, sapphires, emeralds, ilmenite, crude oil etc) but remains largely untapped. Nearly half of export earnings come from three commodities, nickel, vanilla and cloves.  Other business sectors include textiles, agro-industry, glassware, cement, automotive assembly, paper and petroleum. The Madagascar economy grew at 4.8% in 2019, up from 4.6% in 2018 owing to the agriculture sector and growing contribution from secondary sectors mainly exporting companies (extractive industries in an export processing zone). It achieved a modest 4.0% compound annual GDP growth in the past 5 years. Its currency is Malagasy. The main exports include cobalt, nickel, diamonds, ilmenite, sugar, coffee, vanilla, cotton cloth, chromite, petroleum products, gems etc. Major imports include petroleum product, foodstuff, capital goods, consumer goods etc.
 
Investment Opportunities: Madagascar is endowed with potential mining, agricultural, energy, fisheries which are particularly dense and varied, which only need to be exploited. The uniqueness and richness of its biodiversity (the biodiversity rate is 90% (# 1 in Africa)), and the endemicity rate is the highest in the world) are also an asset for tourism investments. Public and Private investment is expected to be stimulated by the Madagascar Emergence Plan 2019/2023 which aims to boost the country’s economic growth, strengthen its human capital and improve governance. The Malagasy Government relies on Public-Private Partnerships as several ambitious infrastructure projects are being implemented using this model in the telecommunications sector, energy sector etc. Through a bold sectoral strategy geared towards promoting sectors with strong comparative advantages, Madagascar offers a range of opportunities in tourism, agribusiness, mining, textiles, ICT, renewable energy, and infrastructure.

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