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International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Strengthens Comoros’ Energy Security and Food Resilience with Innovative Trade Finance Solutions
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Strengthens Comoros’ Energy Security and Food Resilience with Innovative Trade Finance Solutions

The Corporation’s integrated trade finance solutions enhance resilience to external shocks and promote inclusive economic growth and regional cooperation

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, continues to make significant progress in its partnership with the Union of Comoros, delivering impactful trade finance solutions to bolster the country’s energy security, food supply, and economic diversification. With no domestic oil…

African Development Bank Group (AfDB)

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    • Union of the Comoros: Launch of the maritime corridor project supported by the African Development Bank Group to the tune of $137 million (1)
    • Union of the Comoros: Launch of the maritime corridor project supported by the African Development Bank Group to the tune of $137 million (2)
    • Union of the Comoros: Launch of the maritime corridor project supported by the African Development Bank Group to the tune of $137 million (3)
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Source: African Development Bank Group (AfDB) |

Union of the Comoros: Launch of the maritime corridor project supported by the African Development Bank Group to the tune of $137 million

The project aims to modernise port infrastructure that is essential to the economic development of the islands of the Union of the Comoros, facilitate trade and strengthen regional connectivity

The President of the Union of the Comoros, Azali Assoumani, presided over the official launch ceremony for the Maritime Corridor and Regional Trade Facilitation Project (https://apo-opa.co/4hA9Zsl), financed by the African Development Bank Group (www.AfDB.org) to the tune of $137 million. Senior Bank officials attended the ceremony, which took place on 27…

African Development Bank Group (AfDB)

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    • African Development Bank Group (AfDB) approves $10 million trade finance guarantee to Exim Bank Tanzania to support Small and medium-sized enterprises (SME) and local corporates
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Source: African Development Bank Group (AfDB) |

African Development Bank Group (AfDB) approves $10 million trade finance guarantee to Exim Bank Tanzania to support Small and medium-sized enterprises (SME) and local corporates

Exim Bank is Tanzania’s fourth largest bank, with operations in Uganda, Djibouti, and Comoros

The African Development Bank Group (www.AfDB.org) Board of Directors has approved a $10 million trade finance transaction guarantee facility for Exim Bank Tanzania Limited to unlock and de-risk trade deals. The facility will provide up to 100 percent guarantees to international confirming banks against risks of non-payment. This support will…

UNFPA - East and Southern Africa
Source: UNFPA - East and Southern Africa |

Mobile Clinics Bring Care Closer in Comoros: How UNFPA-supported services are transforming the lives of women in the islands

The mobile clinic on the island of Anjouan has been in use since 2020

When the white tent appears at the edge of Bougweni, it feels like relief after a long drought. For Sitty Ahamadi, moving joyfully and smiling while at the clinic, “The place has opened my eyes. I now know that I can choose when to have a child, think about my health,…

African Union (AU)
Source: African Union (AU) |

African Union Commission (AUC) Chairperson Message on the occasion of the Independence Day of the Union of the Comoros

We applaud the nation’s dedication to strengthening democracy, empowering its youth, and deepening solidarity with fellow African states

The Chairperson of the African Union Commission, H.E. Mahmoud Ali Youssouf, extends his warmest congratulations to the Government and people of the the Union of the Comoros on the occasion of the anniversary of their independence. This historic occasion celebrates the resilience, unity, and unwavering determination of the Comorian people…

United Arab Emirates, Ministry of Foreign Affairs
Source: United Arab Emirates, Ministry of Foreign Affairs |

United Arab Emirates (UAE) President, Vice President (VPs) congratulate President of Comoros on Independence Day

His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, sent similar messages to President Assoumani

President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to Azali Assoumani, President of the Union of the Comoros, on the occasion of his country's Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His…

The World Bank Group
Source: The World Bank Group |

Comoros: Blue Economy Offers a Transformative Path to Sustainable Growth

With targeted reforms and strategic investments, it has the potential to elevate Comoros to upper-middle-income status by 2050

Comoros' economy shows signs of recovery, surpassing pre-COVID-19 levels. Growth rose from 3 percent in 2023 to 3.4 percent in 2024, driven by household consumption supported by a 5.4 percent increase in remittances and strong services sector performance. Average annual inflation declined from 8.5 to 5.0 percent in 2024, reflecting the…

Kingdom of Morocco - Ministry of Foreign Affairs, African Cooperation and Moroccan Expatriates
Source: Kingdom of Morocco - Ministry of Foreign Affairs, African Cooperation and Moroccan Expatriates |

Morocco: Foreign Minister Receives Comorian Peer, Bearer of Written Message from Comores President to His Majesty the King

The two ministers tackled various bilateral cooperation areas and discussed topics of common interest

The Minister of Foreign Affairs, African Cooperation and Moroccan Expatriates, Mr. Nasser Bourita, received, on Monday in Rabat, the Minister of Foreign Affairs and International Cooperation of the Union of the Comoros, Mbae Mohamed, bearer of a written message to His Majesty King Mohammed VI from Comorian President Azali Assoumani.…

African Union (AU)
Source: African Union (AU) |

African Union Commission (AUC) Chairperson received H.E. Mr. Youssouf Mondoha Assoumani, Ambassador of the Union of the Comoros

The Chairperson expressed appreciation for the Amb. Assoumani engagement at the AU & reaffirmed the Commission’s commitment to working closely with all Member States in pursuit of the Union’s shared goals

H.E. @ymahmoudali, Chairperson of the AU Commission, received H.E. Mr. Youssouf Mondoha Assoumani, Ambassador of the Union of the Comoros to Ethiopia & Permanent Representative to the AU. Ambassador Assoumani conveyed a message of congratulations to the Chairperson on his leadership & reiterated the Comorian Government’s support for the Commission’s…

International Islamic Trade Finance Corporation (ITFC)

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    • The International Islamic Trade Finance Corporation (ITFC) Signs EUR 40 Million Trade Finance Agreement to Strengthen Comoros’ Energy Security
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation (ITFC) Signs EUR 40 Million Trade Finance Agreement to Strengthen Comoros’ Energy Security

The agreement underscores ITFC’s commitment to ensuring a reliable energy supply and fostering economic stability in Comoros

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), the trade finance arm of the Islamic Development Bank (IsDB) Group, signed a EUR 40 million trade finance agreement with the Union of Comoros to support the country’s energy sector. In line with the US$330 million three-year Framework Agreement signed in September…