Trade and investments COMOROS: CF 4 billions of donation June 20, 2009
Posted by iogateway in Regional institution.Tags: donation, IMF, Trade and investments COMOROS, UNDP, world bank
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Six international agencies made a donation of 4 billions for encouraging local investments and exportation. World bank, UNDP, IMF… This donation will help the government to reduce poverty and stimulate small business sector.
Dar Es salam-Comoros: the union of chamber of commerce, agriculture and industry sets up office in Tanzania June 20, 2009
Posted by iogateway in Regional institution.Tags: Dar Es salam-Comoros, tanzanian investments, Union of chambers of commerce and Industry comoros
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Tanzanian bord of external trade and the comorian business union OPACO approved the ideas that comorian and tanzania bureau of commerce must increase their exchanges. Thanks to many exchanges, the union of comorian chamber of commerce opened a branch in Dar es salam since january 2009. This bureau will help any tanzanian and comorian entrepreneurs by supplying economic data and marketing surveys and also helping money transfer between Tanzania and Comoros.
Comoros-Kuwait: kuwaitian-comorian investment forum in 2009 June 20, 2009
Posted by iogateway in Business Opportunities.Tags: Comoros-Kuwait, kuwaitian-comorian investment forum 2009
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The comorian chamber of commerce help by Ernest & Young is working hard to organize an investment forum in Kuwait dedicate to business opportunities between Kuwaitian and comorian entrepreneurs. 21 business opportunities will show in this investment forum from fishing, agriculture, transportation, energy, health sectors.
World trade organization – Comoros: ongoing accession June 20, 2009
Posted by iogateway in Regional institution.Tags: global economy, global trade, WTO
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Since 2008, Comoros is running negocations with the WTO in order to be a full member. According to WTO, the process could take 5 years and the comorian government is working to adapt its national economic legislation following WTO expectations. This is a part of the investment policy run by the government to attract foreign direct investments – FDI and opening up the islands to the global economy.
Microfinance-comoros: 2nd national banking services supplier is microfinance institution June 20, 2009
Posted by iogateway in Business Opportunities.Tags: banking services supplier, bureau de change, Meck, micro finance, micro financial services
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Microfinance-comoros: 2nd national banking services supplier is microfinance institution. From december 2008, micro finance institutions can run bureau de changes.
Figures:
- 10 billions of CF for savings
- 50 ooo clients
- 4 billions of CF loans outstanding.
African Development Bank-Comoros: 36 billions of FC from migrants must go on comorian investments June 20, 2009
Posted by iogateway in Business Opportunities.Tags: african development bank, african development fund, comorian diaspora, comorian financial institutions, local micro finance network, Meck, migrants money
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Each year comorian migrants from Europe, Africa, America, Asia bring more than 36 billions of comorian franc around 72 millions of euros to the local economy. This represents 24% of the comorian GDP and 360% of the public development aid. All transfers are doing by western union and its competitors and fees could be between 5 and 20% of the total amount. ADB recommends to the comorian government to furnish financial solution such as micro financial institution setting up in the countries which the funds come from. 2 comorian banks are setting up in France where 72 millions of euros are sent by comorian diaspora each year. This solution wants to make easier bank wire between comorian financial institutions setting up abraod and the local micro finance network – Meck.
China-Comoros:1,25 FC Billions to support Energy June 20, 2009
Posted by iogateway in Regional institution.Tags: China-Comoros partnership
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China-Comoros:construction of public buildings June 20, 2009
Posted by iogateway in Regional institution.Tags: administration, agriculture, airway, army, China-Comoros, education, health, sports
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Since 33 years, China still supports the development of the comoros islands. China was the first country which has set up an embassy at Moroni whith strong diplomatic relations. Chinese Public Development Aid supports the construction of comorian presidential buildings and the national office of tourism: prince Saïd Ibrahim International Airport and local presidential residences in Anjouan,Moheli and Grande Comore. Many actions led by China in administration,health, airway,education, sports, army and agriculture sectors.
Comoros Micro finance: 336 millions of profit margin June 20, 2009
Posted by iogateway in Business Opportunities.Tags: financial institution, Meck, micro credit, micro finance
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According the comorian micro finance institution – Meck , it has become to be profitable. 336 millions of comorian franc of margin in 2007. Definitely Meck has become one of the serious financial institution in the country.
- From 40 millions of CF to 5 billions of CF 10 days ago.
- More than 23 000 members
- 2007, 1964 personal loans around 1,916 millions of fc
- growth rate 29,41% since 2006.
United Arab Emirat – Comoros reinforce their economic cooperation June 20, 2009
Posted by iogateway in Regional institution.Tags: Landmark Building Construction, sharjah, Sultan Ben Huwayidini, uccia, United Arab Emirat
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During the fourth indian ocean islands economic forum, Sharjah and Moroni reinforced their economic cooperation by:
- creating free zones taxes
- encouraging bilateral investments
- developing maritime transportation
- creating strong partnership between United Arab Emirat – Union of Comoros
The comorian Union chamber of agriculture, industry and commerce and the emirati delegation led by Muhamed Sultan Ben Huwayidini, vice-président of sharjah delegation and Omar Ali Saleh et Hachim Houssein Ali CEO of Landmark Building Construction. Sultan Ben Huwayidini offered a gift to the comorian chamber of commerce.
