Comoros, officially the Union of Comoros, is an archipelagic country in the Indian Ocean, at the northern end of the Mozambique Channel of the eastern coast of Africa whose capital is Moroni. It shares maritime borders with Madagascar and Mayotte to the southeast, Tanzania to the northwest, Mozambique to the west, and the Seychelles to the northeast.
At 1,861 km2 (719 sq mi), excluding the contested island of Mayotte, Comoros is the fourth-smallest African nation by area. The current population of Comoros is 924,886 as of Thursday, June 29, 2023, based on Worldometer elaboration of the latest United Nations data.
Azali Assoumani is a politician and military leader from the Comoros. Since April 2019, he has been the President of the Comoros. From 2002 to 2006 and from 2016 to February 2019, he was also president. The economy of the Comoros is based on subsistence agriculture and fishing. Comoros has inadequate transportation links, a young and rapidly increasing population and few natural resources. The low educational level of the labor force contributes to a subsistence level of economic activity, high unemployment, and a heavy dependence on foreign grants and technical assistance.
Its development is also hampered by weak infrastructure, particularly in the energy sector. According to World Bank projections, the tourism and telecommunications sectors are expected to drive economic activities in years to come. The country has strong social inequalities and nearly 18% of the population lives below the international poverty line set per capita per day.
The key development documents are Comoros – Country Strategy Paper 2021-2025, Emerging Comoros Plan 2030, and Country Partnership Framework for the Union of Comoros for the period 2020-2024.
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Business opportunities in Comoros
Comoros is among the world’s poorest and least developed nations. Business and Investment Opportunities in the Comoros are Tourism Sector; Agriculture & food industries and Fishing Sector. Transport and infrastructure sectors can also be an investment opportunity even if are not developed in the country.
