Small scale cross border trade is set to thrive along the Djibouti- Ethiopia borders following the first joint border trade committee meeting on 27 – 30 April 2022. The meeting was driven by the need to identify and resolve challenges facing the implementation of the Djibouti – Ethiopia Border Trade Protocol signed in 2015. The…
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The project on Enhancement of Sustainable Regional Energy market for Eastern and Southern Africa (ESREM) has conducted a series of events in the region and beyond to promote renewable energy and energy efficiency, foster independent energy regulation and study tour on interconnected power system operations. The latest was a workshop on the framework for regulatory…
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Lusaka, Friday, May 06, 2022: Seychelles has appointed a Permanent Representative to the Common Market for Eastern and Southern Africa (COMESA). His Excellency Claude Morel, High Commissioner of Seychelles to South Africa presented his letter of Credence to Secretary General, Chileshe Kapwepwe at the COMESA headquarters in Lusaka, Friday, 6 May 2022. During the event, Ms…
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Lusaka, Tuesday, May 3, 2022: The overall import and export values of informal trade volumes in Zambia has significantly increased from USD 13.3 Million in 2019 to USD 77.2 Million in 2021. Similarly, the informal trade export value has risen from USD81.02 million in 2019 to USD 206.08 million during the same period. This is…
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Bulawayo, Wednesday, April 27, 2022: COMESA Secretariat is participating at the 62nd Zimbabwe International Trade Fair (ZITF) which is being held in Bulawayo City from 26 – 30 April 2022. This is part of COMESA’s outreach to raise public and stakeholder awareness on regional integration programmes and encourage them to take advantage of the opportunities…
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Implementing digital trade facilitation reforms have positive impacts on intra-COMESA exports. It is estimated that an increase of 10 percent in the adoption of digital trade technologies would result in a 5.5 percent increase in intra-COMESA exports. The regional organization is therefore scaling-up the Free Trade Area (FTA) to a Digital Free Trade Area (DFTA),…
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COMESA has developed a draft strategy to harness the benefits of the Blue Economy for its 21 Member States. The draft strategy was presented to delegates from the Members States on 26-27 April 2022 in Lusaka, Zambia, where it was reviewed and validated. The concept of the Blue Economy has been embraced by the COMESA…
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The current portfolio of World Bank supported projects in the COMESA region is close to five billion dollars and set to rise as other programmes are set to come on board. The largest project is the Regional Infrastructure Finance Facility (RIFF) of US$ 425 million whose objective is to promote access to long-term finance and…
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Burundi is set to join the global agenda cracking-down financial crimes including money laundering by creating its Financial Intelligence Unit (FIU). Towards this goal, COMESA is supporting the country to conform to the international standards set by the Financial Action Task Force (FATF) in line with Burundian needs. Recently, Burundi FIU Board officials comprising of…
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Plans are underway to establish a regional Agricultural Commodity Exchange Centre as part of the implementation of the 2021-2031 strategy for the Alliance for Commodity Trade in East and Southern Africa (ACTESA). The centre shall link small-scale farmers to national, regional and international markets within the Common Marker for Eastern Africa (COMESA) the East African…
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