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
The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,00...
Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...
Launch led by Maroc Telecom, Orange, and Inwi Rollout targets 25% coverage by end-2025 under Digi...
DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...
West African officials met in Lomé to improve municipal finances for crisis response Talks focuse...
Ghana allocates $3.03B to Education Ministry in 2026 budget, up 18% Funds support free education programs, infrastructure, materials, and teacher...
Cameroon drafts law to regulate organic farming, targeting global market access Framework covers crops, livestock, aquaculture; bans GMOs and synthetic...
Cameroon unveils renovation plan for Douala Airport; work starts in H2 2026 XAF95 billion project includes apron expansion, terminal upgrade, and...
Built by Sinohydro with KFAED funding; aims to ease city traffic congestion Project part of Simandou 2040 strategy to boost infrastructure and economic...
The second edition of Salon International de la Musique d’Afrique (SIMA) launched in Cotonou on Thursday, November 13. This year's event in Benin marks a...
Benin approves Club Med resort in Avlékété to boost tourism sector 25-hectare site to feature 336 rooms, pools, spa, and sports...