The African Development Bank (BAD) and the Union of the Comoros signed on October 1 a financing agreement covering 70 billion Comorian francs (approximately 142 million euros) concerning the rehabilitation of the country's ports and the creation of a special economic zone dedicated to inter-island trade.
This is the largest ADB financing granted to the Comoros since independence.. Improving the port infrastructure of Moroni and Boingoma (Mohéli) must reduce logistics costs and restore competitiveness to Comorian companies.
