(MENAFN- News.Africa-Wire) MORONI, Comoros, October 30, 2025/ -- The President of the Union of the Comoros, Azali Assoumani, presided over the official launch ceremony for the Maritime Corridor and Regional Trade Facilitation Project (, financed by the African Development Bank Group () to the tune of $137 million.

Senior Bank officials attended the ceremony, which took place on 27 October 2025, in Moroni.

The Bank Group's financing consists of a principal grant of $135 million from the African Development Fund, the Bank Group's concessional window, and another grant of $2 million from the Transition Support Fund, a mechanism for countries in transition.

Other partners, including the World Bank, the Islamic Development Bank, and the French Development Agency, will be joined by the European Union and the European Investment Bank in co-financing the project, mobilising together more than $110 million in additional funding. The Global Centre for Adaptation has also provided support for the assessment of climate risks to port infrastructure and adaptation options to be considered in the design of the structures.

The project aims to modernise port infrastructure that is essential to the economic development of the islands of the Union of the Comoros, facilitate trade and strengthen regional connectivity. It will enable the Indian Ocean archipelago to capitalise on its strategic geographical position in the Mozambique Channel and become a logistics hub between Africa and Asia.

“The maritime corridor we are launching today is an eloquent testimony to our ability to build a resilient nation, fully integrated into regional and continental dynamic”,” said President Assouma“i. “It is a living symbol of our openness to the world, a bridge between people, a vehicle for trade, cooperation and shared prosperity," he added.

Comorian Minister of Maritime and Air Transport, Yasmine Hassane Alfeine, praised the African Development Bank Gro“p as “a loyal strategic partner whose technical and financial support consistently accompanies efforts to realise a vision of development based on sustainability, integration and infrastructure res”lience.”

“Today, thanks to this strengthened corporation, we are taking a new step in the modernisation of our port and maritime infrastructure, with the prospect of creating a special ec”nomic zone,” added Alfeine.

The project is aligned with the Bank Group's 2024-2033 Ten-Year Str“tegy and the “Four”Cardinal Points” of the institution's president, Sidi Ould Tah. It will enable the construction of resilient infrastructure and the development of agricultural and fisheries value chains and will facilitate the creation of thousands of jobs for young people and women.

“This flagship project of the Comoros Emerging Plan 2030 will contribute to developing value chains in agriculture and fisheries, while creating economic opportunities for you”g people énd women,” said Laté Lawson Zankli, Country Programme Advisor, representing the Bank Group at the ceremony.

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