• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Finance

    Posted By Global Banking and Finance Review

    Posted on December 15, 2024

    Featured image for article about Finance

    PARIS (Reuters) - Following are some facts about the French overseas territory of Mayotte, devastated by Cyclone Chido this weekend.

    GEOGRAPHY 

    Mayotte is a French territory located off the southeastern shores of Africa. It lies to the east of the Indian Ocean islands of Comoros and northwest of Madagascar.

    Mayotte is made up of two main islands: Grande-Terre and Petite-Terre. The nearby Comoros cover three small volcanic islands, Grande Comore, Anjouan and Moheli. Unlike Mayotte, the Comoros declared independence from France in 1975.

    Mayotte's land area is 374 square kilometres (144 sq mi) - slightly more than twice the size of Washington DC. It has a population of some 321,000 people according to official estimates.

    HISTORY

    The islands were first settled by Arab seafarers about 1,000 years ago. The Arabs brought in slaves from Africa and established a series of small sultanates on the different islands, which traded with East Africa and Madagascar.

    France colonised Mayotte in 1843 and extended its influence to formally annex the whole archipelago in 1904.

    A measure of self-rule in 1961 failed to end agitation for full independence. In a 1974 referendum, 95% backed separation but 63% on Mayotte voted to stay French. Grande Comore, Anjouan and Moheli unilaterally declared independence on July 6, 1975. Mayotte remains part of France. 

    ECONOMY

    Mayotte is heavily dependent on French financial assistance. While it has flourished under French control, Comoros' rapidly growing population has suffered poverty and political instability. Hundreds of Comorians risk their lives every year on the dangerous sea crossing to Mayotte.

    French social welfare and taxes apply in Mayotte.

    In 1898, two cyclones razed Mayotte and a smallpox epidemic decimated the survivors. The sugar industry was abandoned, replaced by vanilla, coffee, sisal and later fragrant plants such as ylang-ylang.

    Unemployment runs high in Mayotte: roughly one in three people of working age are jobless. Three in four people live below France's national poverty rate, according to the national INSEE statistics institute.

    (Compiled by Richard Lough; Editing by Andrew Cawthorne)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe