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The African Development Bank (AfDB) is lending the Union of the Comoros $135m so it can improve its ports to boost trade.
Comoros is an archipelago of three islands in the Indian Ocean off Mozambique.
Two of Comoros’ three ports will be upgraded to accommodate ferries and fishing boats.
A 240m-long quay will be added to Moroni port on the west side of Ngazidja island.
On Mwali island, the port of Boingoma will get a 136m-long quay.
The money will also pay for 10 fishing shops with solar-powered cold storage.
AfDB notes that with better port infrastructure Comoros could grow its blue economy with tourism, fishing and agriculture.
The AfDB’s Eastern Africa director general, Nnenna Nwabufo, said the project would “help develop local value chains in fisheries and agriculture sectors, and facilitate inter-island and regional trade”.
The project will be co-financed by multiple organisations, including the World Bank, European Investment Bank and Islamic Development Bank.
Another $2m will be loaned by the AfDB’s Transition Support Facility. |
