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# [COMOROS] $247 Million Maritime Corridor: Comoros' Major Port Development Project Officially Launched
- URL: https://businessoi.media/en/comores-couloir-maritime-de-247-millions-de-dollars-le-grand-chantier-portuaire-des-comores-est-officiellement-lance-en/
- Published: 2026-08-15T02:44:08.000Z
- Updated: 2026-08-15T02:44:08.000Z
- Description: Comoros maritime corridor ($247M, funded by AfDB + 5 institutions) was launched in October 2025 in Moroni. Port modernisation, special economic zone in the Mozambique Channel, thousands of jobs expected.
- Author: Emmanuel TAOCHY
- Tags: Comores, Économie, Investissement, Revue matinale, #en

The Comoros maritime corridor project, backed by the African Development Bank to the tune of $137 million and co-financed by five other institutions for a total of $247 million, was officially launched on October 27, 2025 in Moroni. The project aims to modernise the archipelago's port infrastructure and create a special economic zone to leverage its position in the Mozambique Channel.

## An Unprecedented Multilateral Financing for Comoros

The financing structure is particularly robust: $135 million from the African Development Fund (ADF) as a grant, $2 million from the Transition Support Fund, and an additional $110 million mobilised from five institutions: the World Bank, the Islamic Development Bank, the French Development Agency (AFD), the European Union and the European Investment Bank. For a least-developed country, mobilising $247 million in a single project is a remarkable achievement.

## A Special Economic Zone in the Mozambique Channel

Beyond port equipment upgrades, the project includes the creation of a special economic zone to capitalise on Comoros' strategic position in the Mozambique Channel. The goal is to transform the archipelago into a regional logistics hub, developing local agricultural and fisheries value chains for export. Thousands of jobs are expected, with priority given to women and young people.

## Why It Matters

Comoros suffers from chronic isolation between its islands and from the regional market. High transport costs weigh on the competitiveness of all sectors — from vanilla and ylang-ylang to fisheries. A better-connected archipelago with modern ports and a free zone can attract foreign investors and diversify an economy currently heavily dependent on diaspora remittances. This project has the potential to be structurally transformative for the coming decade.

*Sources: African Development Bank, Africa Newsroom — October 2025 / August 2026.*