African Development Bank funds US$135 million to Comoros

The Board of Directors of the African Development Bank Group has approved a US$135 million funding package for the Union of the Comoros, marking its largest-ever investment in the Indian Ocean archipelago.

This funding aims to support a significant maritime and regional trade initiative.

The Maritime Corridor and Regional Trade Facilitation Project (PACMFCR) will focus on extending and modernizing two crucial ports in the Union of Comoros and establishing a special economic zone, essential for...

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