
(3 Minutes Read)
The International Finance Corporation (IFC), a key institution within the World Bank Group, has announced a range of financial and advisory support services available to Tanzanian entrepreneurs and investors seeking to establish or expand their business operations in Comoros. This initiative aims to strengthen economic ties and enhance investment flows between Tanzania and the Comoros, particularly in high-potential sectors.
This announcement was made by Mehita Fanny, the IFC’s representative stationed in Maputo, Mozambique, during an official visit to the Tanzanian Embassy in Moroni, Comoros. In her meeting with Tanzania’s Ambassador to Comoros, His Excellency Saidi Yakubu, Fanny emphasised the IFC’s recognition of the significant economic opportunities that exist for Tanzanian enterprises within Comoros. She highlighted sectors such as housing and construction, tourism, energy, and environmental sustainability as key areas ripe for development and investment.
Fanny reaffirmed the IFC’s commitment to supporting Tanzanian investors through both financial assistance, including loans, and specialised technical advisory services. These forms of support are intended to assist entrepreneurs in launching viable and sustainable projects that can contribute to the growth of the Comorian economy while also benefiting Tanzanian businesses.
In response, Ambassador Yakubu expressed his appreciation for the IFC’s interest and underlined the growing economic engagement between the two nations. He noted that the current trade volume between Tanzania and Comoros is approximately 400 million Tanzanian shillings per day—a figure that continues to increase steadily. To further boost this momentum, the Tanzanian Embassy in Comoros has been actively organising business forums and networking events aimed at facilitating partnerships and joint ventures between the Tanzanian and Comorian business communities.
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This collaborative initiative offers Tanzanian entrepreneurs an opportunity not only to explore new markets but also to do so with the backing of a reputable international financial institution. With IFC’s support in funding and strategic guidance, Tanzanian investors are encouraged to take a closer look at the Comorian market and consider it a viable destination for expanding their business footprint across the region.