Madagascar

Overview

Madagascar, officially the Republic of Madagascar, is an island nation in the Indian Ocean off the south-eastern coast of Africa and is the fourth-largest country island in the world. Madagascar is home to 5% of the world's plant and animal species, of which more than 80% are endemic to Madagascar. They include the lemur, the carnivorous fossa, three bird families and six baobab species, among others.

Economy

The Malagasy economy has traditionally been based on the cultivation of paddy rice, coffee, vanilla and cloves. Agriculture, including fishing and forestry, is a mainstay of the economy, accounting for more than one-fourth of GDP and employing 80% of the population. However, despite a wealth of natural resources and a tourism industry driven by its unique environment, the country remains one of the world's poorest and heavily dependent on foreign aid. Since gaining independence from France in 1960, Madagascar has experienced repeated political instability, including coups, violent unrest and disputed elections. After discarding socialist economic policies in the mid-1990s, Madagascar followed a World Bank- and IMF-led policy of privatization and liberalization that has been undermined since its most recent coup in February 2009 which led to five years of political deadlock, international condemnation and economic sanctions. Despite the return of democratic elections in 2013, the political situation remains fragile. Deforestation and soil erosion, aggravated by the use of firewood as the primary source of fuel, remain serious concerns for Madagascar.

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123 Matters
Empowering your power plant project with professional advice

Thermal power plant project - Madagascar

We are providing ngoing advice for an ASX-listed company. We reviewed the independent power plant concession agreement between our client... More

Extend your company's presence around the world with equity purchases

Share acquisition and transfer permit advice - Madagascar

We advised a CSE-listed Canadian graphite company on its acquisition of shares from a shareholding company and the transfer of... More

Boosting your energy drink company in Madagascar

Distribution agreement advice - Madagascar

We assisted a beverage company specializing in energy drinks with its Malagasy distribution... More

Sweet success for chocolatiers in Africa

Closing distribution agreement - Madagascar

We assisted a chocolate-and-confectionery wholesaler with the finalization of their agreement with a Malagasy... More

Helping transform conflict into cooperative action

Conflict resolution - Madagascar

We provided operational advice to a conflict resolution NGO with a presence in... More

Providing state-owned corporations with sound legal advice in Africa

Real estate advice in Madagascar

We advised a Russian state-owned enterprise on their questions relating to real estate in... More

Financing a major infrastructure project in Madagascar? We can help guide you

International airport expansion and renovation project proposals - Madagascar

We provided legal advice in Madagascar to a lender for the Ivato and Nosy Be airport expansion and renovation project. We crafted an... More

Connecting port operators to the legal facts

Container port operation - Madagascar

We advised a global port operator on operating a container terminal in Toamasina, Madagascar, including general port-related legal advice.... More

We do due diligence the right way

Container port acquisition - Madagascar

We advised a Singapore-based container port business trust on its bid to operate the container terminal in Toamasina, Madagascar. We... More

Digging into Madagascar with coal exploration companies

Power plant construction - Madagascar

We drafted a contract for a coal exploration company concerning the building of transmission lines and electrical substations, as well as... More

We work on nine-figure mining acquisitions

US$157M acquisition of Malagasy assets

We advised a major Thai mining house on its US$157m acquisition of the Madagascar assets of a Canadian listed company. We reviewed a large... More

Oil & gas acquisitions on the island

Large acquisition in Madagascar

We assisted a world leader in downstream energy logistics, whose offerings include tank terminals, with its proposed acquisitions of... More

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