Regus expands into Madagascar

AFRICA – Global workspace provider Regus has opened its first business centre in Madagascar, its 95th country.
 
The centre will help businesses of all sizes to access new revenues in East Africa while keeping down the costs of expansion.
 
The Madagascar opening is part of a rapid extension of Regus’ network in Africa and worldwide. In 2011 the company announced it would grow its network by at least 75 per cent by 2014, adding 30 new countries.
 
The growth of the Regus network is helping more companies to open up revenue streams in Africa’s emerging and frontier markets, without the high upfront costs of taking on long-term space abroad. These markets offer huge opportunities to businesses in all sectors, with The Economist predicting that seven of the world’s to 10 fastest growing economies in 2011, 15 will be in Africa.
 
The opening of the first Regus business centre in Madagascar comes as the Malagasy economy recovers from a period of political instability. Growth is predicted at 2.8 per cent in 2012, as mining companies scale up production and tourism strengthens.
 
Regus’ CEO Mark Dixon said: “Any business that wants to grow needs to find new markets, and Africa is an important development market for companies of all sizes.
 
“To help out customers grow we have invested significantly in new centres in Africa, in Madagascar, Zambia, Senegal, Ghana and Tanzania opening the way for businesses to explore those emerging and frontier markets.”
 
Regus customers include more than half of the Fortune 500.
 
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