We are committed to supporting Malagasy entrepreneurs and developing projects with a significant social and economic development impact. We invest in great ideas and talented individuals at the angel stage.

Our ventures are diversifying Madagascar’s economy and create new employment opportunities. Our approach is sector agnostic; we identify potential and are actively involved in growing successful businesses.

Our investments include :

Orga Earth


Innovative agriculture to create reliable income for local communities.

Through a joint venture we have created ‘Orga Earth’, a cactus farm project which will produce cosmetic bio oil for use in anti-ageing products globally. It will also produce biogas which can be used as an alternative to natural gas for cooking purposes. The project will ensure a stable and sustainable income for populations which are extremely vulnerable to climate change. Moreover, the initiative will empower around 1,000 self-employed Malagasy women as part of our commitment to improving job opportunities for women.



Hamanga is a subsidiary of Groupe Filatex, including its activities in the hotel and restaurant sector.

Among these structures, the Grand Hotel Urban, a hotel combining modernity with the Malagasy spirit. Hamanga also includes Café Mary, a restaurant and tea room located within the grounds of the Alhambra Gallery. Through Hamanga, Filatex Group develops large-scale and very high quality hotel projects to enhance the tourism potential of Madagascar.



Groupe Filatex chooses, through its investments, to contribute to the development of the health sector in Africa.

Groupe Filatex has invested in Falcon Healthcare Group Ltd, which has been operating in Mauritius for over a decade. The group’s ambition is to contribute to the provision of high-level care on the African continent. Also, Groupe Filatex has signed a stake in Afridoctor, an online medical appointment booking service, which is revolutionizing access to healthcare in Africa.



With a view to achieving its objectives in terms of renewable energy, Groupe Filatex has signed an investment in the French company Energiestro, which designs and develops the solar storage flywheel, an ideal storage system for large solar power plants.

This solution has many advantages: lower storage cost, unlimited lifespan, insensitivity to extreme temperatures…

“ Madagascar is brimming with untapped potential. By working with local talent, we can help bring new businesses to life and regenerate entire regions. This, we hope, will be our legacy. “

George Conde