Madagascar is a country with an abundance of mineral and petroleum reserves, significant agricultural potential, and is among the world’s top producers of vanilla. Madagascar has often faced challenges such as cyclones, floods, and recently the pandemic, which has impacted the economy, but measures are being established to improve the overall economy.
Africa HR Solutions can help you expand your activities in Madagascar through a range of HR outsourcing services. We offer employment outsourcing solutions, such as Professional Employer Organisation (PEO), Employer of Record, payroll outsourcing, and other related services. Our experts ensure that every process is seamless, and your move is easy even if you do not have a legal entity in Madagascar yet.
Population: 26.3 mn
Gross Domestic Product (GDP): $13.72 bn
GDP Growth: 5.2%
Foreign Direct Investment (% of GDP): 5.1%
Unemployment Rate: 1.7 %
Currency: Malagasy ariary
Languages: Malagasy, French
Madagascar is known for its abundance in mineral reserves, precious stones, nickel, cobalt, as well as petroleum reserves. It has significant potential in the agricultural industry, considered among the world’s leading producers of vanilla. The economy was previously affected by drought, cyclones, plague, and recently the Covid-19 pandemic which had an impact on several sectors of the economy including tourism. Continued public investment, re-engagement of key partners, a rise in mining exports are aimed at fueling the economy’s growth. As Madagascar aims to increase its trade cooperation with the COMESA economies, several measures are being established to improve the living conditions of people, drive job creation and wealth to achieve the Objectives of Agenda 2063 in the global economy.
Madagascar is the fourth largest island in the world
Miavana is a centre for “blue safaris” where you can see turtles, whales, and dolphins and engage in scuba diving and fishing. This location is accessible only by helicopter only.
Madagascar is abundantly rich in biodiversity and is considered to be a “megadiverse”
‘Moraingy’is a bare-fisted fighting style that started in Madagascar and is known as its national sport
The national dish of Madagascar is ‘romazava’, a stew made with meat and leafy greens
New Year’s Day
International Women’s Day
Assumption of Mary
All Saints’ Day
Employees are entitled to vacation, sick and parental leaves. They work 5 days a week of 8 hours, that is 40 hours per week. The timeframe of renewals for fixed contracts and probationary periods differs; the notice period depends on the job position and the length of service. Severance pay is only offered in cases of economic reasons.
As regards to taxation,
they contribute 13% of wages to social security
5% for healthcare
1% to the Fonds Malgache de Formation Professionnelle (FMFP)
They pay 1% to social security and 1% to healthcare
There are several benefits that are provided by employers namely supplementary health insurance, car, fitness & meal allowances as well as dependent education.
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Kevina Takoordyal has a BA Hons Business Management from the University of Glamorgan, UK, with MBA in leadership and Innovation, MBA General, PMP Certified, and Agile Scrum Master. She currently works as the Head of Operations at Africa HR Solutions Ltd with more than 20 years of proven leadership capabilities in Operations, Business Development, People Management, Process Optimization, and Project Management in the Financial Services, BPO, Banking Industry, and Heath Care Industry. In Senior leadership roles with an international footprint across Europe working and extensive Pan- African experience from a compliance, finance, and operations angle, Kevina comes across with a panoply of cross-functional skills. Kevina also serves on a few Boards, Non-Independent Executive at MioD and for NGOs on a voluntary basis, a coach and mentor to aspiring female leaders across Africa and Mauritius.
Kevina is a firm believer in Servant Leadership with a strong focus and commitment to uplifting others, with the ability to deliver through a highly engaged – diverse team, and works towards consistently synergistic value creation. While being a focused and adaptive thinker and Kevina is actively participating in panel discussions on Innovation, CX, Digital transformation.
Kevina serves as Project Assessor for the National Youth upskilling program. She has been recognized as Global Talent in a few companies, Ceridian, and International SOS Ltd whereby she has been awarded a few scholarships and had the opportunity to be mentored by Senior Vice President in the US. Award Winner in various fields and at a national level and recognized including Super Achiever Leader Award in Africa in 2016, Awarded Africa Women Leader 2018.
A qualified lawyer who joined Africa HR Solutions in July 2020, Mark Du Preez has experience working in private practice for a reputable law firm in South Africa. He also played commercially focused roles at a leading private bank, wealth management company, and outsourcing firm in South Africa and Mauritius.
Mark has played a pivotal role in Africa HR Solution’s risk mitigation strategy, which positively impacted P&L performance over the years.
He currently leads the Partnerships function of the company including relationships and oversight with in-country partners (ICPs) across Africa.
Alex has more than 15 years of experience in the global, strategic development of both enterprise and consumer brands in categories including technology, transport, enterprise software, entertainment, and travel.
With experience in roles on both agency and corporate side, he has worked across international brands and has led the development and execution of multi-discipline campaigns across EMEA, NORAM and Asia Pacific.
His focus is on driving meaningful business impact through brand differentiation and building high-functioning, digitally oriented, and analytically driven capabilities. He is motivated by working with, and developing dynamic people, teams, and organizations.
He leads, manages, develops and mentors the Key Account Management department, including line management responsibility for the team of Key Account Managers and Key Account Administrator who represent the Company as the primary communication link between all relevant stakeholders, including clients, third party in-country partners and internal functions.
Originally from Mauritius, he holds bachelor’s degrees in International Business, Finance and Management from the University of Nevada, Reno.