Above: Ehoala Port SEZ, Madagascar
Since its loss of several international trade privileges following the 2009 coup, Madagascar has begun rebuilding its economy and again attracting foreign investment. A new democratically elected administration came to power in 2014 with the goals of improving the business environment and embracing a private-sector-led growth strategy.
To support these goals, Madagascar has announced a new special economic zone (SEZ) strategy. The SEZs are to be modeled after Mauritius’ zones, which transformed that country’s economy. Locus Economica has been closely advising the government on its SEZ program since 2015.