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Africa

Republic of Comoros, East Africa, Launches $137 Million Maritime Corridor Project: Supported by African Development Bank

The Union of the Comoros has taken a bold step toward transforming its maritime future…

03 Nov 20253 min readBy EandelSource: Eandel News & Magazine

The Union of the Comoros has taken a bold step toward transforming its maritime future with the launch of the Maritime Corridor and Regional Trade Facilitation Project, a $137 million initiative backed by the African Development Bank Group (AfDB). The project, unveiled in Moroni on October 27 under the leadership of President Azali Assoumani, aims to modernize the nation’s port infrastructure, enhance regional trade, and cement the archipelago’s role as a key logistics hub in the Indian Ocean.

Funded primarily through a $135 million grant from the African Development Fund and an additional $2 million from the Transition Support Fund, the project represents one of the most ambitious infrastructure undertakings in Comorian history. Co-financing partners are the World Bank, Islamic Development Bank, French Development Agency, European Union and European Investment Bank, are expected to contribute a combined $110 million, bringing the total investment close to a quarter of a billion dollars. Building a Maritime Nation

“The maritime corridor we are launching today is an eloquent testimony to our ability to build a resilient nation, fully integrated into regional and continental dynamics,” President Assoumani declared during the ceremony. “It is a living symbol of our openness to the world. A bridge between people, a vehicle for trade, cooperation, and shared prosperity.”

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