info.afrindex.com
China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
FDI in Figures
Current FDI inflows to Comoros remain marginal despite the tax concessions and benefits offered by the Government, which is resolutely trying to improve the business climate and institutional stability. These inflows reached only USD 4 million in 2014, according to the country's Central Bank, in line with the historical trend, but well below the exceptional peak in 2011 (USD 18 million).
In 2012, the country ratified the Convention Establishing the Multilateral Investment Guarantee Agency (MIGA), which should give guarantees to investors and foreign lenders against economic and political risks in the host country. The implementation of a new oil and gas code in February 2013, in view of the future increase in production, is a positive sign for foreign investors. However the first drilling test should not start before 2016.
The country ranks 154th out of 189 economies in the World Bank's Doing Business 2016 report, a climb of 5 positions over the previous year due to improvements in access to credit. It cannot easily attract investors due to the poor quality of its infrastructure, the limited size of its domestic market, frequent water and electricity shortages, limited natural resources and an unskilled workforce.
The agriculture and fishing sectors, which represent 37% of the GDP, are the recipients of most of the foreign investment. The transportation sector (roads and ports) has begun to attract FDI, especially after the arrival of the Moroccan group Lazreq. The main investing countries are France, the United States and South Africa.
