Madagascar recorded a 26% drop in imports in April compared to March 2020, according to a snapshot survey undertaken by the Statistics Unit at the Secretariat. The survey indicated that four key border posts, Antanimena, Tamatave-Pétrole, Ivato-Aéroport, Mamory-Aéroport recorded declines of 35%, 59%, 36% and 80% respectively. Tamatave-Port was the only one to record a…
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The services sector accounts for more than half of COMESA’s GDP and over a third of employment, outpacing manufacturing and agriculture sectors in terms of growth generation, income and jobs. According to a report prepared by research experts at the COMESA Secretariat, the value added by services account on average to 52.5% of the Gross…
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The African Union (AU), through the African Governance Architecture (AGA) Secretariat, in a joint project with the Common market for Eastern and Southern Africa (COMESA) have launched the “Democracy and Governance in Africa – Youth Innovation Challenge”. Youth innovators, innovation hubs and incubation centres across the continent, are invited to participate in the innovation challenge. The challenge calls…
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British High Commissioner to Zambia, H.E Nicholas Woolley paid a courtesy call on the COMESA Secretary General Her Excellency Chileshe Mpundu Kapwepwe, Thursday 25 June 2020. Their discussions centred on cooperation between the UK and COMESA trade, agriculture and the impact of COVID-19 pandemic. The High Commissioner said UK was keen to support COMESA programmes…
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As the impact of the Covid-19 pandemic continues to unfold in the region, countries implementing the COMESA Simplified Trade Regime (STR) are back on the drawing board to figure out how this successful model will be sustained. The COMESA-STR was introduced to simplify the procedure for clearing goods through Customs and to enable the small-scale…
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COMESA will continue using eminent personalities from the region in addressing conflicts and entrenching good governance. Speaking when she addressed members of the COMESA Committee of Elders, Secretary General Chileshe Kapwepwe said the economic potential in the region can only be harnessed in an environment of peace and stability, hence the important role of the…
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Madagascar recorded a 26% drop in imports in April compared to March 2020, according to a snapshot survey undertaken by the Statistics Unit at the Secretariat. The survey indicated that four key border posts, Antanimena, Tamatave-Pétrole, Ivato-Aéroport, Mamory-Aéroport recorded declines of 35%, 59%, 36% and 80% respectively. Tamatave-Port was the only one to record a…
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With the onset of COVID-19 in the region, countries in the region responded in three ways: those that put in place restrictive measures to prevent and contain the spread of COVID-19, those that adopted moderate restrictions, and those that opted to assess the situation first before taking response decisions. Countries that enforced strict measures from…
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INTRODUCTION The Common Market for Eastern and Southern Africa, COMESA is a regional economic body comprising 21 Member Countries. COMESA’s current strategy can be summed up in the phrase “economic prosperity through regional integration”. With a population of over 540 million and global trade in goods worth more than US$ 235 billion, COMESA forms a…
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Implication of COVID 19 in the Future of Global Value Chain This paper presents the prospects of the value chain for Africa’s development and the implication of Covid-19 in the future of global value chain, its benefits and costs, the efforts by some African countries to get into the global value chain and the requirements…
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