Financing

Local venture capital

Despite the inexistence of stock market in Madagascar, a company can get equity financing from the following local institutions:

FIARO

Rue Jules Ranaivo Ampefiloha

BP 725
101 Tananarive
Madagascar
http://www.fiaro.net

SONAPAR

Imm. Maison des Produits 67 Ha

Antananarivo
Madagascar

Tél.:+261 20 22 247 45
Fax. +261 20 22 248 86
Email: sonapar[at]moov.mg

Insurance companies can also be sources of equity financing:

ARO (Assurances Réassurances Omnibranches)

Antsahavola
B.P. 42 – Antananarivo
Madagascar

Tél.:+261 20 22 201 54
Fax. +261 20 22 344 64
Email: aro1[at]moov.mg
http://www.aro.mg

Ny HAVANA

Immeuble Ny Havana 67Ha

Tél.:+261 20 22 267 60
Fax. +261 20 22 243 03
Email: Nyhavana[at]moov.mg
http://nyhavana.com

Japanese companies willing to invest abroad or business ventures including at least a Japanese company can contact the JBIC for equity financing and loans.

Japan Bank for International Cooperation (JBIC)

Tél.:+813 5218 3009
Fax. +813 5218 3950
http://www.jbic.go.jp/en/index.html

Loans

Six commercial banks in Madagascar provide short and long-term loans as well as other financial services.

BMOI

Place de l’Indépendance Antaninarenina
BP 25 101 Antananarivo
Madagascar

http://www.bmoi.mg

BNI CREDIT AGRICOLE MADAGASCAR

74, rue du 26 Juin 1960
101 ANTANANARIVO
BP 174

Tel: (+261 20) 22 228 00 or 22 239 51
Telex 22202CLMAD
Fax : (+261 20) 22 337 49
E-mail : info[at]bni.mg
http://www.bni.mg

BFV SG

14, rue Général Rabehevitra Antaninarenina
BP 196
101 Antananarivo
Madagascar

http://www.bfvsg.mg

MCB (Mauritius Commercial Bank)

rue Solombavambahoaka Frantsay Antsahavola
BP 198
101 Antananarivo
Madagascar

SBM

1 rue Andrianary Ratianarivo, Antsahavola
101 Tananarive
Madagascar

Tel: (+261 20) 22 666 07
E-mail: bsbmmtana[at]sbm.intnet.mu

BOA (Bank Of Africa)

2, Place de l’Indépendance
183 101 Tananarive
Madagascar

http://www.boa.mg

Leasing

EQUIPBAIL MADAGASCAR

3, Avenue de l’Indépendance Soarano

Tél.: 261 20 22 384 66
Fax: 261 20 22 370 27
Email: eq.bail[at]wanadoo.mg