In an initiative to prevent failure of banks, which is common in the COMESA region, COMESA Monetary Institute has trained over 50 staff from 10 Central Banks in the region on new accounting principles for financial instruments. The training on International Financial Reporting Standards (IFRS9) and Internal Capital Adequacy Assessment Process (ICAAP) was conducted virtually…
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Construction of Border Export Zones in four sites in Uganda has reached 85%. The border markets under construction in the zones include Busia, Lwakhakha, Oraba and Katuna. According to a report from a technical mission conducted by the COMAid Unit (COMESA Aid for Trade) at the border markets from 8th to 19th April 2021, the…
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Lusaka, Friday, April 30, 2021: Newly appointed ambassadors of Egypt and Zimbabwe to Zambia have been accredited as Permanent Representatives of their respective countries to COMESA. H.E Charity Angelina Charamba (Zimbabwe) and H.E Moataz Anwar (Egypt) presented their letters of credence to the Secretary General of COMESA, Chileshe Kapwepwe on Friday, 30 April 2021. The…
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Lusaka, Friday, April 30, 2021: The ratification of the Tripartite Free Trade Area (TFTA) and signing of the COMESA Social Charter were among issues discussed during a courtesy call by the Ethiopia’s Ambassador to Zambia and Zimbabwe H.E Addisu Abera and the Secretary General of COMESA Chileshe Kapwepwe today. During the meeting which focused mainly…
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The COMESA Federation of Women in Business (COMFWB) held a Businesswomen Summit in Malawi on 19th April, under the theme “Realizing Gender Responsive Procurement and Smart Inclusive Financing.” The President of Malawi HE Dr. Lazarus Chakwera graced the event. During the Summit, a High-level Panel Discussion on “Financial Inclusion and the Need for Increased Investment…
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Tunisia is ready to fully participate in the COMESA Free Trade Area regime (FTA) one year after giving notification of participation in the trade regime in March, 2020. To prepare for this, the COMESA Secretariat through the Division of Trade conducted a three-day virtual sensitization workshop for Tunisia on 20th April 2021, covering not only…
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The Government of Ireland and COMESA Secretariat have begun engagements to identify potential areas of future cooperation to boost their mutual relations. Last week, April 22, 2021, the Head of Mission of the Irish Embassy in Zambia Mr. Pronch Murray and the Secretary General of COMESA, Chileshe Kapwepwe held a virtual meeting during which they…
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COMESA has launched a Call for Proposals to its Member States to bid for funding of up to 150,000 Euros to support market access. The funds will be provided under a Technical Assistance Facility (TAF) established with support from the European Union. Key activities for support are under the COMESA Regional Enterprise Competitiveness and Access…
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The year on year, inflation rate (annual percentage change) in the COMESA region as measured by the Harmonized Consumer Price Index (HCPI-COMESA) stood at 96.7% for the month of January 2021, up from 94.1% registered in January 2020. A year earlier, the rate was 31.6%. It means that the prices of goods and services as…
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Lusaka, Tuesday, April 13 2021: The African Continental Free Trade Area (AfCTA) Secretariat and COMESA will establish a partnership framework to support the implementation of the continental trade regime. Technical teams from the two organizations will start working immediately on the framework by establishing committees to deal with specific aspects of the partnership. This was…
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