The country of Madagascar is an island situated 400 km off the east coast of Africa, separated from the mainland by the Mozambique Channel. It is the fourth large island, stretching 1,580 km from north to south and 600 km from east to west, with a coastline of about 5,000 km. The topography is varied; hilly in the north and in the central part of the island (high plateaus with altitude between 1,200 and 1,500 metres) and plains in the east, west and south.
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The Committee of Insurance, Securities and Non-Banking Financial Authorities (CISNA) was established in 1998, pursuant to Annexure 10 of the SADC Protocol on Finance and Investment as a committee of authorities responsible for the supervision of insurance, securities, and non-banking financial institutions (NBFI) in SADC Member States. CISNA is part of the Directorate of Finance, Investment and Customs of the SADC Secretariat and reports to the SADC Committee of Ministers of Finance and Investment through the Committee of Senior Treasury Officials.