IBOV 169,186.42 ▼ 1.06% IPC MEX 69,787.41 ▲ 0.87% MERVAL 2,848,945 — — USD/BRL5.36▼ 0.39% USD/MXN18.86▼ 0.03% USD/CLP992.35▲ 0.41% USD/COP3,169▲ 0.06% USD/PEN3.46▼ 0.03% USD/ARS1,538▼ 0.03% USD/UYU40.10▲ 2.93% USD/PYG5,838▲ 3.12% USD/BOB12.05▲ 3.19% USD/DOP60.40▲ 0.47% USD/CRC451.45▲ 2.56% USD/GTQ7.64▲ 3.30% USD/HNL26.87▲ 0.45% USD/NIO36.62▲ 0.07% USD/VES887.03▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 2.76% USD/TTD6.72▲ 2.21% EUR/BRL6.02▲ 0.99% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 169,186.42 ▼ 1.06% IPC MEX 69,787.41 ▲ 0.87% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
since 2009
Friday, October 30, 2026

Africa Comoros

Comoros Pitches Investors at Moscow Summit

By · October 30, 2026 · 6 min read
Comoros President Azali Assoumani in talks with a US deputy secretary of state in a New York office in September 2023
File photo, 2023. Comoros President Azali Assoumani meets US Deputy Secretary of State for Management and Resources Richard Verma in New York on 19 September 2023. (Photo: US Department of State, public domain, via Wikimedia Commons)

COMOROS · DIPLOMACY

Key Facts

  • The country Comoros is a three-island Indian Ocean state of about 883,000 people with a US$1.8 billion economy.
  • Why it matters The US has no full-time official presence in the Comoros, while Azali welcomed a Russian embassy plan.
  • Why now President Azali Assoumani addressed the third Russia-Africa summit in Moscow on Thursday 29 October 2026.
  • What happened He pitched investors, welcomed a possible Russian embassy and sought help for the 2027 Island Games.
  • What it means for you US investors face a euro-pegged franc and no US embassy in Moroni; consular help comes from Madagascar.

In Plain English

The Russia-Africa summit is a leaders’ meeting between Moscow and African governments, and the third edition took place in Moscow on 28 and 29 October 2026. OHADA is a treaty body of 17 African states that share one set of business laws, and the Comoros is among them.

The Comorian franc is the national currency and is tied to the euro at a fixed central bank rate of 491.96775 francs per euro. The Indian Ocean Island Games are a regional multi-sport event that the Comoros will host in 2027.

President Azali Assoumani of the Comoros used the third Russia-Africa summit in Moscow on Thursday 29 October 2026 to pitch his island nation to investors and to ask Russia for help with the 2027 Indian Ocean Island Games. The Presidency published his speech and a summary of it the same day.

For US readers the notable detail is where the Comoros sits on the diplomatic map, because the State Department says there is no full-time official US presence in the country. Azali said Moroni, the capital, already hosts embassies of China and France and welcomed Russia’s wish to open one.

What Azali Said in Moscow

Azali told the leaders that economic integration is not a slogan but a major imperative of independence and dignity. He said the Comoros has joined the African Continental Free Trade Area and wants to use it to diversify its economy and strengthen food and energy security.

He asked for direct foreign investment that supports local processing, port and maritime infrastructure and regional value chains. He also said African countries need better access to fertiliser, energy resources and infrastructure to soften outside shocks.

On technology he said the islands are preparing for the imminent arrival of 5G and are strengthening cyber-security. He called for partnerships in satellite imaging to manage the territory and protect the marine environment.

The Investment Pitch

Azali listed the selling points of the Comoros as a stable monetary framework, with the franc tied to the euro, and membership of the business-law body OHADA. He added that the investment code offers incentives to local and foreign firms and that the country belongs to the regional trade bloc COMESA.

He also noted that the Comoros joined the World Trade Organization, which dates its membership from 21 August 2024. The World Bank puts the economy at US$1.8 billion in 2025, with 882,847 people, so the market is small.

The sectors he named were agro-processing of cloves, ylang-ylang and vanilla, green tourism, eco-hotels and projects led by the diaspora. He pointed to solar and geothermal power, citing the African geothermal conference that the Presidency says he opened in Moroni on 21 October, which the Karthala geothermal story covers.

Russia, Fifty Years and an Embassy

Azali said cooperation between the two countries dates from November 1976 and should now broaden into economic, technical, educational and cultural partnership. He named agriculture, fishing, energy, tourism, trade and maritime security as the main fields.

He said the Comoros welcomed with enthusiasm Russia’s wish to open an embassy in Moroni, and that China and France already have embassies there. He added that he hopes the other permanent members of the UN Security Council, a group that includes the United States, will follow.

Seawall and waterfront houses of Moroni harbour on Grande Comore with a mosque tower and a forested hillside behind
File photo, 2008. The waterfront at Moroni harbour on Grande Comore, the largest of the Comoros islands. (Photo: Woodlouse, CC BY-SA 2.0, via Wikimedia Commons)

The Kremlin says almost 50 African countries took part in the Moscow summit, which met on 28 and 29 October. It says three documents were adopted, a summit declaration, a declaration on the civilian use of artificial intelligence and an action plan for 2027 to 2029, while Putin’s remarks on sanctions are covered separately.

The Island Games Request

Azali told the summit that the Comoros will host the Indian Ocean Island Games in 2027, the first time since the event began in 1979. He asked Russia and the other countries present for support and thanked the partners already helping with preparations.

The Presidency says Azali inspected the games village at Mwandzaza Djumbe on 24 October. The published speech does not say what kind of support he wants or how much money the event needs.

What It Means for You

For a US investor the Comoros offers a small market, a euro-pegged currency and a stated investment code. The State Department says its embassy in Antananarivo, Madagascar, serves the islands and has no ability to provide emergency consular services to US citizens there.

Due diligence therefore has to be done remotely or through local advisers, and the Comoros economy guide sets out the basics. A Russian embassy in Moroni would put Moscow on the ground in a capital where the United States has no staffed mission.

US travellers should read the State Department’s advisory for the Comoros, which says to exercise increased caution because of crime and civil unrest. Its country page, last updated on 7 November 2023, adds that medical care is limited on all three islands, including Grande Comore.

What Is Not Known

No date has been given for a Russian embassy, and the Comorian account does not say whether Russia agreed to anything beyond its stated wish. The Presidency also says nothing about meetings with Russian ministers or companies on the sidelines of the summit.

The published speech and summary name no investment projects, amounts or signed agreements. It is also unclear how much of the 2027 games programme depends on foreign support.

Frequently Asked Questions

What did the Comoros president say at the Russia-Africa summit?

President Azali Assoumani pitched investment in the Comoros, welcomed Russia’s wish to open an embassy and asked for support for the 2027 Indian Ocean Island Games. He spoke in Moscow on 29 October 2026.

Does the United States have an embassy in the Comoros?

No, the State Department says there is no full-time official US presence in the Comoros. The US Embassy in Antananarivo, Madagascar, serves the islands and cannot provide emergency consular services there.

How big is the Comoros economy?

The World Bank puts the Comoros economy at US$1.8 billion in 2025, with a population of about 883,000. The Comorian franc is tied to the euro at a fixed rate.

Is the Comoros a member of the World Trade Organization?

Yes, the World Trade Organization says the Comoros has been a member since 21 August 2024. Azali also named OHADA and COMESA among the memberships that he presented to investors.

Sources: Presidency of the Union of the Comoros, speech of President Azali Assoumani at the third Russia-Africa summit, 29 October 2026; Presidency of the Union of the Comoros, summit news item, 29 October 2026; Kremlin, third Russia-Africa summit, 29 October 2026; US State Department, Comoros country information; World Trade Organization, Comoros member page; OHADA, member states; Central Bank of the Comoros, fixed euro rate; World Bank, Comoros GDP and population indicators, 2025.

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This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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