Comoros independance day: 6th of July 1975 July 5, 2009
Posted by iogateway in Comorian arts and culture.Tags: Arab league, COMESA, comoros independance, ex french colony, IOC
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We are free.
Competition in comorian IT is welcome May 26, 2009
Posted by iogateway in Business Opportunities, Digital Economy, Law.Tags: CGH, COMESA, Comores Telecom, Comoro Gulf Holding, innovation, IOC, MVNO, SNPSF, SNPT, text messaging, WAP, WTO
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Opening comorian IT sector to competition
Since october 2007, Union of Comoros is full membrer of World Trade Organization. After the liberalization and privatisation of the comorian banking sector, change has come also to comorian Information and Technology sector. In 1997 a law has started the liberalization, privatisation and denationalization of the national company specialized in postal and telecoms activities SNPT (societé nationale des postes et telecommunications). The ancient company is splited by two new ones: Comores Telecom first telecoms operator and SNPSF specialized on postal and financial activities. The objective was to break up the monopoly and decrease high prices.
COMESA and Indian Ocean Commission have supported the government to legislate the IT sector and integrate the global market. In July 2007, a presidential task force is created in order to set up the Information Communication Autority of regulation.
23rd of may 2009, new decree is edicted by the comorian government to confirm the liberalization of the IT sector and the creation of the IT national autority of regulation (NAR). A joint venture composed by a public and private companies(Comores Telecom and Comoro Gulf Holding-CGH) is in charge of implementing mobiles and Internet networks. The both will deliver licenses of distribution to other companies which plan to invest in IT.
Benefits:
- encouraging Mobile Virtual Network Operators – MVNO companies to launch offers
- decreasing the mobiles and Internet fees
- offering a range of added values mobiles and internet services (WAP, free text messaging, TV, free ringtones)
- encourage innovation and competitiveness of IT companies.
Source: decree (09-64/PR) – law 08-007
How to stimulate investment in Comoros? May 24, 2009
Posted by iogateway in Investor Guide, Research development innovation.Tags: bilateral, business law, COMESA, comorian legislation, investment in comoros, investors, NAPIC, OHADA, world bank
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How to stimulate investment in Comoros by Youssouf BOINA lawyer
Younoussa Boina suggests to extend Investment in Comoros package laws by bringing up two major development axes:
- continuing to sign up international agreements with COMESA, OHADA in order to integrate local business laws to internationl standards.
- reinforcing national legislation dedicated to business laws.
All bone of contention must be solved and guaranteed by the both. He notes that amoung the major benefits of the investment package laws we can discern: freedom on establishing or setting up companies and freedom on choosing sectors. He insists that all investments must be accurated with all international and bilateral agreements and comorian legistlation regarding ( laundering of money, struggling against crime) . He supports the national agency for promoting investment in comoros – NAPIC. By the way he insistes to controll the NAPIC by avoiding too much collateral red tap. He would encourage more incentives for the free taxes zones where development of employment seems be strategic such as tourism, fishing industry and agriculture according to the world bank recommendations.
In other hand encouraging joint venture by associating local entrepreneurs and foreign entrepreneurs. Superimposition of three legal sources: french, indigenous and islamic must be logical with bilateral-international-local legislation. In conclusion, the lawyer suggests to complete business laws by reassuring investors in case of legal dispute which juridiction will be capable to mediate.
Business opportunities in Comoros islands May 18, 2009
Posted by iogateway in Union of the Comoros.Tags: bank, business opportunity, COMESA, comorian, feudalism, fishing industry, GDP, NAPIC
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Union of Comoros is located betweent the northern entry of the Mozambique Channel, eastern of Africa and northern of Madagascar. Comoros archipelago is composed by four islands with 2236 km2 of area : Moheli, Anjouan, Grande – Comore and Mayotte.
575 660 inhabitants ( RGPH 2003) for Moheli, Anjouan, Grande – Comore :
Mohéli 35 751 inhabitants ;
Anjouan 243 732 inhabitants et
Grande – Comore 296 177 inhabitants.
309 inhabitants /km2.
Expectancy – 65,5 years. Birth rate: 5,3 enfants
The prevailing weather is tropical. From november to may the climate is hot-humid and from June to October it is dry and cool. The annualy average temperature is 25°c.
The officila languges are: comorian, french and arab. Comorian language is from swahili and arab.
Social structure
Comorian culture is derived from african and arab-muslim roots. Family structure forms the base and many decisions are taken by the family organization.Feudalism is the current social model but exchanges have gradually the society.
GDP per inhabitant in 2005 is around 361US dollars. Agricultural economy employs 40% of GDP and 70% of the population. Vanilla and ylang-ylang are the most important exported resources. Because of competition and archaic farming methods of production.
Most principal and regional agreements :
Charter on custom guarantee
Charter on EIM
Charter on CMT
Charter on visa suppression
Charter signed by COMESA ;
Charter on western eastern african women entrepreneurs
Goods from Comesa countries are taxed 0%.
Investment Business Opportunities
Domestical research studies show that fishing and tourism are the most important sectors for investments. Indian Ocean Commission runns couples studies for the indian ocean regions. But with Internet high speed, there is not yet studies on the digital economy.
Many agreements are signed between the comorian government and most of persian gulf countries for relanching public infrastructure, energy and banking.
A new law has encourage the centralisation of all creating processes of launching business – « Guichet unique ». NAPIC has targetted investments on banking and tourism.
Since 2006, the comorian government is privatizing state-owned companies and gives his agreements in order to increase the economics operators in mobile phone, banking and medias.
Government is favourable to encourage investments on industrial fishing which can create jobs and help the country to reduce his importation on fish products.
A new law just promulgated to give citizenship for who bring up funds dedicated to the employment and the creating of national prosperity.
According to the last referendum organized the 18th of May 2009, 92,32% of the population approved the standardization of the constitution in order to give more political stability and prepare the country to receive direct foreign investments.
Sources :COMESA, Central bank of comoros,www.comores.relais-infocom.net
All you have to know before investing in Comoros May 13, 2009
Posted by iogateway in Business Opportunities.Tags: African Union, Arab league, business comoros, COMESA, EU, FDI comoros, IMF, Indian Ocean Commission, OHADA, SADC
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The land is very beautifull, probably the most cutefull isles in the world, grand lagoons and the biggest volcano in the world. I try to be objective by showing advantages and some risks.
Investing is not just rational process, we have a huge part of affection. As wedding, you have to know opportunities and risks regarding your fiancé(e). What’s about Comoros ?
Union of comoros has signed multilateral, bilateral and exclusive agreements with several internationa organizations: IMF, African Union, Arab League, Indian Ocean Commission, COMESA, SADC, EU, OHADA. Comoros is member of the franc zone which bring up monetary stability regarding the EURO. The national legislation ensures that all investors can benefit all advantages without discriminations in order to encourage Foreign Direct Investment.
