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.

For further information please contact us:

123 Matters
Growing your mining corporation in Madagascar

Mining project development in Madagascar

We advised an Australian Mining Junior on all aspects of its project development in Madagascar. We oversaw the acquisition of two local... More

Assisting with your corporate mining transactions in Madagascar

Legal advice - Madagascar

We assisted a Chinese titanium dioxide pigment supplier on the Malagasy elements of a proposed transaction with an Australian Securities... More

Getting the facts on private equity investments on the island nation

agricultural acquisition in Madagascar

We advised a private equity firm regarding an acquisition financing matter in Africa, which concerns asset acquisition from an... More

Financing industrial-scale farms in Madagascar

US$18M project financing of an eel farm - Madagascar

We advised a development finance institution in Southern Africa on its US$18m project financing of an eel farm in South East Madagascar. We... More

Managing your collateral in Africa

Collateral management & warehousing - OHADA & Madagascar

We advised a London-based law firm on warehouse receipt financing as well as collateral management systems in Madagascar and Burkina Faso,... More

Drafting guides for your cross-border banking project

Cross-border project - Madagascar

We advised an international bank on its strategic cross-border project. Our support included the establishment of country-specific "Country... More

Branch closure and employee redundancies, Madagascar

NGO branch closure and redundancies - Madagascar

We advised an American NGO on the closure of its branch in Madagascar and on the redundancy of its... More

Branch closure and employee redundancies, Madagascar

Corporate and employment advice - Madagascar

We advised an international logistics & freight forwarding company on the closing-up of its branch in Madagascar and on the economic... More

Standing counsel for security provider on redundancy & business closure

Business closure & redundancy - Madagascar

We acted as standing counsel for a security services provider on the economic redundancy process as part of the company’s business... More

Drafting & negotiating commercial lease terms for travel group

Drafting & negotiating commercial lease terms

We advised an Italian travel group and drafted & negotiated the terms of its commercial lease in Madagascar as well as addressing... More

Compliance advice on activities with Environmental Specification Book

Compliance advice for major oil E&P activities with Environmental Specification Book in Madagascar

A major independent oil exploration and production company requested advice on compliance of its activities with the Environmental... More

Labour law advice for global metals & mining corporation, following employee fatality

Employment advice - Madagascar

We advised a British-Australian multinational and one of the world's largest metals and mining corporations on its labour-law obligations... More