African Financial Services | 16 February 2001
Sustainable Business Practices in Comoros: An African Perspective
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Abstract
Comoros, an archipelagic nation in the Indian Ocean, is grappling with sustainable development challenges despite its rich natural resources and strategic location. The country's economy heavily relies on tourism, fishing, and agriculture, which are vulnerable to environmental degradation and climate change impacts. The study employs a qualitative approach, analysing existing policies, interviews with key informants from various sectors, and secondary data sources such as reports by United Nations agencies and Comoros' national statistics office. Interviews revealed that while some businesses are adopting sustainable practices, there is a significant gap in policy support and enforcement. The sector most affected was tourism, where only 30% of establishments reported implementing eco-friendly measures. The analysis concludes that current business sustainability initiatives are insufficient to address the challenges posed by climate change and environmental degradation. A more robust regulatory framework is required to encourage sustainable practices across all sectors. Recommendations include developing a comprehensive national strategy for sustainable development, enhancing enforcement of existing regulations, and increasing public-private partnerships to fund sustainable projects.