The Comorian government will meet with several financial partners in Paris next month. The Indian Ocean archipelago seeks to mobilize €4.5 billion ($5 billion) in investments for several projects mainly in tourism and infrastructure sectors.
The announcement was made on Tuesday by the Economy Minister Houmed Msaidie (pictured), during an interview with Bloomberg. The operation comes a few months after the re-election of President Azali Assoumani, who had announced his intention to make tourism one of the country's new growth mainstays.
These investments, which will be provided in the form of loans or grants, are mainly aimed at diversifying the economy of the archipelago, which is strongly dominated by horticultural exports.
Moutiou Adjibi Nourou
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
Kenya tourism revenue rises 10% to $3.84 billion in 2025 Visitor numbers hit 7.9 million, driven by strong domestic demand Government measures,...
Algeria hosts forum showcasing 230 student-led startups from 39 regions Event promotes entrepreneurship as response to youth unemployment...
Guinea relaunches “Allô Maître” linking vocational graduates to jobs Users dial 1010 to access certified craftsmen via national network Initiative...
Côte d’Ivoire, Senegal lead UEMOA exports with 55.3% combined share Mali, Burkina Faso dominate intra-regional trade at 44.8% Intra-UEMOA trade rises...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...