Category: Latest News

Remittance flows to Sub Saharan African countries will drop by 23.1% from $48 billion in 2019 to $37 billion in 2020 in the wake of the Covid-19 economic crisis, according to the World Bank. Globally, the top remittance recipients’ countries, last year were, India ($79 bn), China ($67 bn), Mexico ($36 bn), the Philippines ($34…
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Malawi and Zambia recorded reduced trade flows in March and April according to the latest report from the COMESA Statistics on ‘COVID 19 Impacts on Trade’.  These were the first two months in which COVID-19 spread to the countries. This is part of a series of reports providing initial results on tracking trade flows in…
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The spread of the Coronavirus in the COMESA region which has forced some countries to take measures such as closing borders to contain it has continued to negatively affect the operations of Small-Scale Cross Border Traders whose livelihoods depend on frequently crossing borders buying and selling goods. The restrictions which includes bans on inter-country movement…
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Seychelles and Eritrea have not recorded a new case of the Coronavirus for more than three weeks and this has been attributed to several factors which includes strong health institutions, early response, proper coordination, tracing, testing and treatment. Mauritius was also in this group but recently recorded two new imported cases. According to an analytical…
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COMESA Countries should consider forming Public Private Partnerships to reduce the burden of the impact of the COVID-19 pandemic on the limited government resources. These partnerships will also help the governments to assist the people most affected such as women in the micro and small-scale trading sector. According to Gender Expert at COMESA Secretariat, Ms.…
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Lusaka, May 26, 2020: COMESA has received 5, 000 surgical masks worth $4,500 from the International Center on Small Hydro Power (ICSHP). The masks will support small scale cross border traders at selected border posts for COVID-19 prevention. Secretary General Chileshe Kapwepwe received the masks in Lusaka, Tuesday 26 May from Mr. Jerro Zhou of…
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Lusaka, May 26, 2020: The International Monetary Fund projects that the global economy will contract by 3% in 2020 much worse than during the global financial crisis and grow by 5.8% in 2021, assuming that the pandemic fades in the second half of 2020 and containment measures are lifted. Sub Saharan Africa is projected to…
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