ESSEC Alumni in Madagascar: “The country is entering a new cycle full of opportunities”

Michaelangelo Zasy (M08), President of our Madagascar Chapter, tells us more about our local alumni community – and the services he provides them. 

ESSEC Alumni: What are the profiles of our alumni in Madagascar?

Michaelangelo Zasy: We have approximately 15% expatriates, with the remainder consisting of local or Malagasy residents. The vast majority lives in Antananarivo, the economic capital of Madagascar, which accounts for approximately 40% of the GDP. However, depending on their activities, some have a presence and influence across a large part of the country. Most are business owners or high-level executives in the private sector, spanning various fields such as education, financial and strategic consulting, artificial intelligence, hospitality, agribusiness, retail, and real estate development. Some have also held significant roles in public institutions like the Central Bank. We have former ministers, and one currently serving as the Minister of Telecommunications and Digital Development.

EA: How does the current economics and politics climate impact our alumni’s prospects in Madagascar? 

M. Zasy: The presidential elections are scheduled for next November, and as is often the case, they coincide with a period of cautious anticipation among key actors in the private sector, as they anticipate organizational changes within the administration. This should not impact opportunities for our alumni though. In fact, the time can be quite opportune for them to anticipate the arrival of a new government cycle lasting five years and get positioned to take advantage of emerging opportunities.

EA: What sets Madagascar apart from any other destination according to you? 

M. Zasy: The country's unique biodiversity and natural beauty, including its stunning landscapes and diverse wildlife, can provide an incredible experience for nature enthusiasts. The warm and friendly culture of the Malagasy people is another appealing aspect, making it a very welcoming place. 

EA: What advice do you have for our alumni moving in Madagascar?

M. Zasy: Many things come to mind. Embrace the local culture and be respectful of Malagasy customs and traditions: learning a few basic phrases in Malagasy or French can go a long way in building connections with locals. And while French is the official language, Malagasy is widely spoken: learning both languages can be beneficial for effective communication in both professional and social settings. Be prepared for a different pace of life and business culture: flexibility and adaptability are key to thriving in a new environment. Get involved in community initiatives or volunteer work: it's a great way to give back to the local community and build meaningful connections. Also, ensure you have access to adequate healthcare facilities and consider health insurance that covers international healthcare, as the healthcare system in Madagascar may vary from what you're accustomed to. Explore local resources, such as markets, suppliers, and service providers, to make your daily life easier and more efficient. And check with your employer that you have the necessary visas and permits to live and work in Madagascar: keep your documentation up to date and in compliance with local laws.

EA: What are the offer and services of ESSEC Alumni’s Madagascar Chapter? 

M. Zasy: We launch networking events among local alumni and those passing through the area. We also recently organized a get-together followed by a visit to the Father Pedro's Hotel, a social project supported by several alumni. Additionally, we assist prospective students looking to join ESSEC Business School: for example, recently, a prospective Malagasy student received their admission letter to the Master Management Immobilier (MMI) with the support of our Chapter volunteers. We also aim to showcase our alumni activities and achievements, and enhance ESSEC’s visibility among key players in the private sector, local institutions, and students.

EA: Who are the members of your team? Do you need more volunteers to get involved? What missions and/or projects do you need them for?

M. Zasy: Stefana Sbirkova (IMHI 05), Alexis Befeno (E06), and Jeimila Donty (E17) are currently volunteers within the chapter. Jeimila is based in Paris and is responsible for engaging with the community interested in Madagascar. Stefana, as the Director of a hotel establishment, is tasked with hosting or organizing certain alumni networking events. Alexis's role is to work on the relationships between the private sector, institutions, and our Chapter. All individuals interested in joining in are cordially invited!

Interview by Louis Armengaud Wurmser (E10), Content Manager at ESSEC Alumni 

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