We use cookies to improve your experience. By your continued use of this site you accept such use.
African Development Bank Group (AfDB)

  • Multimedia content

  • Images (3)
    • 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)
  • All (3)
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)

  • Multimedia content

  • Images (1)
    • 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
  • All (1)
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…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • The African Development Bank will provide the tools that are needed to digitize the Comorian economy
  • All (1)
Source: African Development Bank Group (AfDB) |

Comoros: African Development Bank grants over 9 million euros for digitizing the Comorian economy

The Bank’s financing consists of 4.02 million euros provided by the African Development Fund, the Bank’s concessional loan agency, and a further 5.49 million euros provided by the Bank’s Transition Support Facility

The Board of Directors of the African Development Bank (AfDB) Group (www.AfDB.org) has approved financing of 9.51 million euros to the Comoros for implementation of the Project to Support the Digitization of the Comorian Economy. With a total cost of 22.53 million euros, the Bank’s financing consists of 4.02 million…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • African Development Bank Group supports the Union of the Comoros in extending and modernizing Moroni and Boingoma ports to boost trade and economic development
  • All (1)
Source: African Development Bank Group (AfDB) |

African Development Fund grants the Union of the Comoros $135 million to develop its ports and facilitate regional trade

The project will improve the Union of the Comoros' national and international connectivity by upgrading port infrastructure, promoting regional integration and creating an ecosystem conducive to the development of value chains

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $135 million package to the Union of the Comoros – its largest ever to the Indian Ocean archipelago – to finance a major maritime and regional trade project. The support for the Maritime Corridor and Regional…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (3)
    • Driving Progress: Comorians Celebrates Transformative Road Built with African Development Bank Support (1)
    • Driving Progress: Comorians Celebrates Transformative Road Built with African Development Bank Support (2)
    • Driving Progress: Comorians Celebrates Transformative Road Built with African Development Bank Support (3)
  • All (3)
Source: African Development Bank Group (AfDB) |

Driving Progress: Comorians Celebrates Transformative Road Built with African Development Bank Support

The new road is expected to offer huge benefits, including a 27% increase in average daily traffic along the route as well as reducing operating costs by 30% for cars and 33% for trucks

The people of the Union of the Comoros are celebrating the completion of a major road that will open up its agriculturally rich areas and provide reliable access to its popular tourist centres. Thousands of Comorians turned up to witness the official opening of the $30 million road artery financed…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (3)
    • l-r) Somalia Minister of Finance Bihi Egeh, South Sudan Governor of the Central Bank (Alternate Governor) Dr. James Alic Garang, Union of the Comoros Finance Minister Mzé Abdou Mohamed Chanfiou, AfDB Vice Pres. Dr. Beth Dunford, Djibouti Minister of Economy and Finances Ilyas Moussa Daweleh and Bank Director General for East Africa Nnenna Nwabufo were among the officials taking part in the signing ceremony
    • Djibouti Minister of Economy and Finances H.E. Ilyas Moussa Daweleh and VP Dunford pose for the press after signing the project documents
    • Annual Meetings 2024: Comoros, Djibouti, Somalia and South Sudan join $35 million African Development Bank climate disaster risk financing project
  • All (3)
Source: African Development Bank Group (AfDB) |

Annual Meetings 2024: Comoros, Djibouti, Somalia and South Sudan join $35 million African Development Bank climate disaster risk financing project

The Bank’s Board of Directors approved the Multi-National Climate Disaster Risk Financing Project on 3 May 2024

The African Development Bank Group (www.AfDB.org) Vice President for Agriculture, Human and Social Development joined finance ministers and representatives from Comoros, Djibouti, Somalia and South Sudan for the signing agreement for a $35 million project to build resilience and responses to climate shocks. The signings took place on the sidelines…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • In Comoros, about 10,780 producers will receive training in the production, processing and conservation of maize.
  • All (1)
Source: African Development Bank Group (AfDB) |

Comoros: African Development Bank Provides Nearly €6 Million to Boost Food Production

The grant funds will come from the African Development Bank’s Transition Support Facility, a mechanism to help fragile African states

The Board of Directors of the African Development Bank Group (https://www.AfDB.org/) has approved a €5.76 million grant to the Comoros to increase food production and enhance the resilience of its food system.  The move comes as the country has experienced rising food prices due to the war in Ukraine. The…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • The functioning of Comoros’ electricity network has improved significantly in recent years, thanks to an African Development Bank-supported project
  • All (1)
Source: African Development Bank Group (AfDB) |

The African Development Bank is Supporting Improvements to the Power Grid in the Comoros

The project aims to respond to a twofold challenge in the energy sector in the Comoros

The Comoros Energy Sector Support Project has helped improve the country’s power grid. Approved in 2013, the project aims to respond to a twofold challenge in the energy sector in the Comoros. At the time, electricity access was around 50% of the population, and unevenly split between the three islands…

African Development Bank Group (AfDB)

  • Multimedia content

  • Images (1)
    • Comoros: African Development Fund commits $21.6 Million to Upgrade National Road Network
  • All (1)
Source: African Development Bank Group (AfDB) |

Comoros: African Development Fund commits $21.6 Million to Upgrade National Road Network

The project’s third phase will focus on improving the RN2 (Ourovéni-Foumbouni) in Grand Comores

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…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Fund approves $9.52 million to enhance coordinated COVID-19 response in East and Horn of Africa and the Comoros

The funds will be used to bolster health systems and disease surveillance, enhance infection prevention and control, and improve regional coordination

The Board of Directors of the African Development Fund (ADF) have approved grants totaling $9.52 million to strengthen responses to the COVID-19 pandemic in East Africa and the Horn, and in the Comoros. The grant, approved on 26 June, is part of the $10 billion COVID-19 Rapid Response Facility (CRF)…