The Comoros posted their strongest economic performance since the Covid-19 crisis in 2025, with GDP growth of 3.8%, up from 3.3% in 2024. Inflation meanwhile fell from 5.1% to 3.3%. Buoyed by these results, the government and the Central Bank of the Comoros (BCC) are accelerating their financial modernisation programme.
Four tools to reduce cash dependency
In 2026, the BCC is rolling out four initiatives designed to transform how money flows through the archipelago. Komor Pay, the mobile payment wallet, will allow individuals to transact directly from their phones, bypassing bank branches. Komor Switch will ensure interoperability between financial institutions, ending the silos that currently fragment the system. A centralised payment hub will process flows between banks, mobile operators and merchants. Finally, the Mali Ya Wakazi agent network — literally "people's money" — will extend financial access to the most remote communities across Grande Comore, Anjouan and Mohéli.
A growing banking sector
The consolidated balance sheet of Comorian banks reached 262.3 billion Comorian francs at end-2025, up 14% year-on-year. Credit to the economy grew 8% to 145.8 billion. Two additional mechanisms will ease financing for local SMEs: leasing and the Comorian Guarantee Society, whose parameters will be redefined this year.
Why it matters
Long cut off from regional financial circuits, the Comoros have one of the lowest banking penetration rates in the Indian Ocean. By combining technical modernisation with economic growth, the BCC aims to break this cycle — so that the recovery can finally benefit the households and entrepreneurs it has so far excluded.
Sources: Financial Afrik (31 August 2026), Comores Infos, BCC Annual Report 2025.