- September 6, 2016
Comoros Islands make an enigmatic, bizarre and alluring tourist destination. This is one of the most thrilling and exhilarating places and a true paradise for the energetic travellers. Comoros Islands are located in the Indian Ocean off the coast of East Africa. These islands are blessed with profound natural beauty and marvelous topography. Not only this, plentiful opportunities are on hand for investors investing in Comoros as the Government is in process of further promoting the country as an investment destination.
The Eye-Catching Charm of Comoros
There is a profusion of life in the sea around the Comoros. One can find the whole thing from giant whales, sharks, big manta rays, sailfish, and sunfish to lobsters, crabs and tiny shrimp. Deep water close to the islands, coral reefs, miles of sandy beaches, plus fresh water streams and shoreline springs endow with multiple habitats for the marine life. The Comoros archipelago is blessed with warm tropical weather, astonishing flora and fauna, astounding white sandy beaches, a prosperous culture, and a truly generous and welcoming population.
Comorian beaches are conceived to be among the most beautiful in the world. The name of the islands comes from the Arabic word “qamar” emaning “moon”. Also branded as the Perfumed Islands, Comoros Islands are the world’s number one maker of the Ylang- Ylang essence, an indispensable constituent in perfumes. Adding together, it is the world’s second largest producer of Vanilla. The “Islands of the Moon” furthermore put forward an array of outdoor activities & water sports like hiking, camping, diving, sailing, and for those who call for some recreation would definitely take delight in sunbathing on the white-sand seashore.
Islands of Exquisiteness
Visitors to Comoros will be astounded by the incredible experience the Islands offer. The archipelago of the Comoros Islands consists of four islands: Ngazidja (Grande Comore), Mwali (Moheli), Nzwani (Anjouan), and Mahore (Mayotte).
An Attractive Investment Destination
Comoros is a democratic country with a liberalized economy, which permits foreign entrepreneurs to function in a secure business atmosphere. The chief Comoros industries are centered in distilling perfume essence from ylang-ylang. Agriculture and fishing remain the principal economic activities for Comoros.
The economy of the Comoros sprang up by an estimated 2.7% in 2012, despite the ongoing euro-area crisis. This growth was motivated by strong agricultural exports, continued strong foreign direct investment (FDI) in the transport sector (roads and ports) and domestic demand, endorsed by remittances from emigrants. The financial sector, dominated by banks, has recorded modest growth in recent years. In order to stimulate economic growth and enhance employment, the Comorian Government is in the process of further promoting the country as an investment destination.
Agriculture & Food Industries
The agriculture sector is the foremost economic activity in the country, accounting for about 40% of the GDP. The economy of Comoros is highly dependent on exports of commercial crops, primarily vanilla, cloves and ylang-ylang. Comoros has been the leading country in the production of ylang-ylang for years. There is also substantial subsistence farming. Most farms are small, and about 62% of the population is reliant on agricultural production. The cultivators in the agricultural zone of Comoros, highlands, produce fair amount of products like rain rice, bananas, cassava, and sweet potatoes. The market is particularly important for fruit such as pineapple, mango, litchi or avocado, whose cultivation can be increased thanks to the favorable climate of the region.
The amazing fishery resources of the Comoros draw fishing and the processing of fishery products as an anticipating sector. Tuna is the main source of local fisheries. A broad variety of fish, however, is in attendance in Comorian waters, and untouched reserves of lobsters and octopus near the coast. This sector furnishes enormous opportunities for investment not only in terms of augmented fishing capacity, but also more widely in the development of infrastructure and port facilities that support the sector. These investments could allow the expansion of semi industrial fishing.
Comores Telecom launched a new communication service enabled by the Optic Fiber Eastern African Submarine System Consortium (EASSC), a system of 10,294km-long submarine fiber optic cable installed along the East Coast of Africa with ten landing stations in Sudan, Djibouti, Somalia, Kenya, Tanzania, Comoros, Madagascar, Mozambique and South Africa. This project is one of the biggest investments which the Comorian Government has financed so far, amounting to a total investment of USD 264 million. Thanks to this initiative, Comoros now has the largest capacity of all submarine cable systems on the East Coast of Africa with speeds of 3.7 terabits per second.
Whether it’s linked to the building and development of roads, ports, or to maritime and air transport between the islands of the archipelago, the Union of Comoros is a paradise of opportunities in infrastructure.
Strongly linked to the tourism industry, real estate is furthermore a vast spring of promising investment opportunities in Comoros. Without a doubt, the archipelago is looking to build hotels, medical centres, and others. Plentiful opportunities are on hand for investors investing in Comoros. The Comorian investment market offers a plethora of investment avenues. Go and grab the possibilities and opportunities now!!
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