Comoros: fundamentals need to be promoted

The Comoros are composed of four islands being the Grande Comore, Moheli, Anjouan and Mayotte in addition to few other some islands. The archipelago has considerable potential in the sectors of agriculture, fishing, tourism and other areas that are still largely unexploited.

The investment law issued in 2007 provides a favorable framework for investments, in terms of the freedom of capitals and profits transfer, equal treatment of both local and foreign investors in addition to privileges and tax exemptions[i]. However, it remains important to work on promoting investments in infrastructure and rehabilitating the workforce in order to overcome all difficulties and obstacles that limit the inflow of foreign investments.

There are several investment opportunities in the sectors of tourism, agriculture, livestock, processing industries and construction material. Given the vital importance of agriculture in economy, it is important to seek to establish procedures that boost agricultural activities and rural development, in order to improve the living conditions of the population who live in their majority in rural areas.

 

Comoros’ ranking in the World Bank indicators for ease of doing business for 2017 among 190 countries

 

Source: World Bank Doing Business 2017