Soavoanio S.A.: Madagascar’s Coconut Pioneer Eyes Global Expansion

From sustainable plantations to value-added products, the company aims to partner internationally and modernize the coconut industry.

Grégoire Asselin
December 16, 2025
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Celebrating 46 years, Soavoanio S.A., led by Deputy CEO Elysa Velonjara, is a cornerstone of Madagascar’s coconut industry. “We manage 4,700 hectares and produce 7 to 8 million coconuts annually,” she says, highlighting the company’s commitment to sustainability and rural development. Facing aging plantations, Soavoanio is launching a major replantation initiative and moving toward value-added coconut products. “Our coconuts are green gold,” Velonjara adds. With nearly 600 employees and strong community ties, the firm seeks international partnerships, including the Gulf, to modernise operations and expand its agro-industrial footprint while promoting ethical, eco-friendly practices.