COMESA launched the first youth leadership summit dubbed “Be Relevant Leadership Youth Summit”, in Lusaka, on 12 March 2020 as part of the youth day celebrations. The Summit focused on enhancing youth participation in the attainment of peace, unity and security with an eye on the 2021 General Elections in Zambia. The Youth Summit is…
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Between 2000 and 2010, Zimbabwe’s textile and garment production went through a rough stretch the led to closure of companies and subsequent job losses. Cheap imports flooded the market crippling the once flourishing sector as it could no longer compete. The scenario has started changing. The sector is awakening and becoming one of the most…
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Lusaka, Wednesday, March 11, 2020: The United Nations Volunteer Programme (UNV) and COMESA Secretariat have revived the partnership to operationalize the Youth Internship and Volunteer Project. This follows a meeting between the UNV Regional Manager for East and Southern African Region Mr. Njoya Tikum and COMESA Secretary General Ms. Chileshe Mpundu Kapwepwe. The meeting took…
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Lusaka, Wednesday, March 11, 2020: Tunisia can now export its products to 15 member States of the COMESA Free Trade Area (FTA) without paying import duties after completing the process of developing and issuing the legal instruments for trading. In a communication by the Tunisia Minister of Trade Hon. Mohamed Msilini to COMESA Secretary General…
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The year on year inflation rate in the COMESA region, as measured by the Harmonized Consumer Price Indices (HCPI-COMESA), stood at 31.6% in January 2020. It means that the prices of goods and services increased by an average of 31.6% between January 2019 and January 2020. Using a particular or common currency, an item that…
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Nairobi, Tuesday, March 10, 2020: COMESA Monetary Institute has developed a User’s Guide on the Basic Dynamic Stochastic General Equilibrium (DSGE) Modelling and Forecasting for Monetary Policy Formulation. DSGE is an economic tool kit or method used by economists to explain the working of the economy from micro-economic principles (foundations). The tool kit models interactions…
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Lilongwe, Tuesday, March 9, 2020: The Federation of National Association of Women in Business (FEMCOM) used this year’s International Women’s Day to advocate for women empowerment and equal opportunity in the job market through skills upgrading for girls. Speaking at the commemoration of the Day at Machinga, south of Malawi Capital, Lilongwe, Ms. Ruth Negash,…
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Addis Ababa, Thursday, March 5, 2020: The total installed power generation capacity in the COMESA region is 92,00 megawatts (MW) with Thermal power dominating at more than 69% and Hydro (large and small) accounting for 30%. This was disclosed during the 9th Annual General Meeting of the COMESA Regional Association of Energy Regulators for Eastern…
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Addis Ababa, Wednesday, March 4, 2020: Energy regulatory authorities in countries that are members of the COMESA Regional Association of Energy Regulators for Eastern and Southern Africa (RAERESA) will be going through peer review to ensure their operations are bench-marked against regional best practices The first peer review is being conducted this week, from 4…
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Lusaka, Friday, February 28, 2020: An online business networking platform aimed at connecting 50 million women entrepreneurs across Africa has been launched. The 50 Million African Women Speak Platform (50MAWSP) is an initiative of three regional economic communities supported by the African Development Bank. The inaugural national launch was conducted in Zambia, on Friday, 28…
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