The Regional Infrastructure Financing Facility (RIFF), an investment financing arm funded by the World Bank to support infrastructure development in the COMESA region is set to roll out its activities for 2022. Recently, the Project Implementation Unit of the RIFF held a three-day orientation workshop in Siavonga south of Lusaka to discuss the work plan…
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The annual inflation rate in the COMESA region was recorded at 180.1 % as at December 2021. According to the latest Harmonised Consumer Price Index (HCPI) monthly news release produced by the Statistics Unit at COMESA Secretariat, the December inflation rate was up from 156.8% registered in November 2021. A year earlier, the rate was…
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Secretary General of COMESA Her Excellency Chileshe Mpundu Kapwepwe has signed the Protocol on Relations between the African Union (AU) and the Regional Economic Communities (RECs) meant to consolidate relations with the mother body. Witnessed by the Chairperson of the African Union Commission HE. Moussa Faki Mahamat and East African Community (EAC) Secretary General Dr.…
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The Board of the African Development Bank (AfDB) has approved a grant of US$1.5m to advance intra-regional harmonization of electricity regulations and drive cross-border power trading in the COMESA region. This will be implemented through COMESA’s energy regulatory arm -the Regional Association of Energy Regulators for Eastern and Southern Africa (RAERESA). The two-year project seeks…
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Four COMESA countries namely Kenya, Somalia, Sudan and Libya are preparing to hold presidential and general elections this year. These elections are expected to usher in new political dispensations. The first of these is Somalia which will hold presidential elections before 25th February 2022 using a relatively complex indirect system. The presidential election will be…
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COMESA Secretariat has conducted a study to review the suitability of the current Simplified Trade Regime (STR) threshold which stands at US$2, 000 per consignment, per crossing. Specifically, the study was commissioned to review the current STR threshold value with a view to establishing a suitable level that is capable of effectively facilitating intra-regional trade…
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COMESA is mourning the passing on of Bank of Uganda Governor Prof. Emmanuel Tumusiime-Mutebile, who died on 23 January 2022. Secretary General Chileshe Mpundu Kapwepwe said Prof Tumusiime-Mutebile would be remembered for the rich legacy of championing monetary cooperation and his contribution in the regional integration agenda of COMESA. In her message of condolences sent…
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The Great Lakes Trade Facilitation Project (GLTFP) launched five-years ago to deepen small-scale cross-border trade in Burundi, the Democratic Republic of Congo, Rwanda and Uganda with a special focus on women and young people has closed on a high note and paved the way for increased intra-trade in the region. Financially backed by the World…
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