Category: Comoros

Comoros becomes the 165th member of the World Trade Organization (WTO)

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On August 21, 2024, Comoros reached a crucial milestone in its economic development by becoming the 165th member of the World Trade Organization (WTO). This accession marks the culmination of a negotiation process that lasted 17 years, demonstrating the country’s determination to integrate into the global economy. Comoros, an archipelago located in the Indian Ocean, thus becomes the tenth least developed country (LDC) to join the WTO through negotiations. This accession is particularly significant as it opens new prospects for the country’s economic development. WTO Director-General Ngozi Okonjo-Iweala warmly welcomed…

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MORONI TERMINAL EMBARKS ON A 5 BILLION COMORIAN FRANC INVESTMENTS PROGRAMME

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On Thursday 30 June 2022, the Union of the Comoros and Moroni Terminal signed the amendment to the concession agreement for the Port of Moroni container terminal. The amendment was signed by Bianrifi Tarmidi, Minister of Maritime and Air Transport, Mzé Abdou Mohamed Chanfiou, Minister of Finance, Budget and Banking, and Ahmed Ali Bazi, Minister of Economy, Industry, Investments, and Economic Integration, of the one part, and by Olivier De Noray, Managing Director of Bolloré Ports and Terminals, of the other part. The amendment to the agreement provides for the…

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COMOROS: AFRICAN DEVELOPMENT FUND COMMITS $21.6 MILLION TO UPGRADE NATIONAL ROAD NETWORK

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The Board of Directors of the African Development Fund approved on Thursday in Abidjan $21.6 million in grants for the third phase of the National Road Network Rehabilitation Program in the Union of Comoros. The grants comprise $14.1 million from the African Development Fund, the concessional window of the African Development Bank Group, and $7.5 million from the Transition Support Facility, a special purpose entity within the Bank Group that provides funding complementary to its other instruments. The project’s third phase will focus on improving the RN2 (Ourovéni-Foumbouni) in Grand…

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