African Development Fund Grants the Union of the Comoros $135 Million to Develop Its Ports and Facilitate Regional Trade
The Board of Directors of the African Development Bank Group 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 Trade Facilitation Project (PACMFCR) will enable the extension and modernisation of two ports essential to the economic development of the islands of the Union of the Comoros and the establishment of a special economic zone.
Photo courtesy of John Crane.
Source: African Development Bank Group (link opens in a new window)
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