Madagascar, despite being an island, is geologically attached to the African continent and holds a trove of natural resources.
Agriculture is the main sector of the economy, contributing to over 25 per cent of the gross domestic product (GDP), but operations remain mostly manual. Among the world’s 20th largest producers of chromite, Madagascar has considerable mining riches such as precious stones and industrial minerals, including nickel, cobalt, ilmenite and uranium amongst others.
The textile industry, formerly a strong component of the Malagasy economy, has attracted a large number of overseas investors. The island produces high quality cotton, raffia and silk textiles, the labour is highly skilled and available at competitive rates.
More information on doing business in Madagascar