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Article: Island shakes off 30-year dust.
- Article from:
- African Business
- Article date:
- June 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Investing in Madagascar has now become substantially easier. The previously notorious red-tape and bureaucracy has given way to investment incentives, and stringent immigration and currency exchange regulations have been relaxed.
With a population of 12m, the world's fourth largest island is potentially the biggest market among the Indian Ocean islands; and development of the country's tourism industry could pose a serious threat to the local leisure market traditionally dominated by Mauritius, Seychelles and the Comoros.
Obtaining visas for entry into the country has been facilitated by the simplification of application procedures, and the opening of ...