Comores - Projet d’Appui à l’Agence de Promotion des Investissements (PAAPI)


Project Summary

Approval Date 23 Nov 2017
Signature Date 01 Mar 2018
Planned Completion Date 31 Mar 2021
Last Disbursement Planned Date 31 Mar 2021
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 43010
Commitment U.A 1,100,000
Status Implementation

Project General Description

This project concerns the support to the Investment Promotion Agency (PAAPI). It was designed by the Government of the Union of Comoros with financial support from the African Development Bank Group (ADB) of 1.10 million Units of Account (UA). The project comprises the following components: (i) Opportunities and Promotion of Private Investment, (ii) Investment Facilitation, Investor Services and Investor Monitoring, and (iii) Data and Knowledge Management.

Project Objectives

The PAAPI aims to strengthen the institutional capacity of the National Agency for Investment Promotion (ANPI), as well as the individual capacity of key personnel to promote and facilitate investment through training and especially on-the-job training and training skill developpement. The specific objectives of this project are closely aligned with ANPI's mandate to support this agency and the country's Strategy for Accelerated Growth and Sustainable Development (SCA2D, 2015-2019), whose main objective is to achieve more diversified economic growth creating jobs: (i) prioritizing and developing the sectors with the best prospects for attracting FDI (with a focus on reducing import dependence and increasing value-added); (ii) profiling these sectors, preparing appropriate marketing materials and identifying / reaching potential investors; and (iii) improving ANPI's ability to facilitate investment and provide quality services to investors.

Beneficiaries

The main beneficiary of the project is the Investment Promotion Agency (PAAPI).

Participating Organization

Funding
Fragile States Facility
Implementing
Agence Nationale pour la Promotion des Investissements (ANPI)

Information

IATI identifier 46002-P-KM-K00-008
Last Update 31 Oct 2019

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Contact Details

Name NKULIKIYIMFURA Francois
Email f.nkulikiyimfura@afdb.org

Geographic Location

Country Comoros