Lack of adequate regional infrastructure in energy in the COMESA region has often been cited as one of the missing links to the reduction in the cost of doing business and scaling up the competitiveness of the countries in the local, regional and global markets. Bridging the energy gap, is therefore one of the main…
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Lusaka, Monday, March 23, 2020: As the spread of the Novel Corona Virus (COVID 19) accelerates across the world, our region must be prepared to grapple with the devastating secondary health, social and economic ramifications of the disease. COMESA SG Statement – COVID 19\ COMESA Report COMESA – Bracing for Effects of COVID 19
Lusaka, March, 17, 2020: The Burundi National Bureau of Standards (BBN) has received equipment worth €150,000 to support its operations and improve regional market access for Burundi products. The equipment, which arrived in Bujumbura on 1st March 2020, includes laboratory equipment for building materials, metrology, electrical and plastic, chemistry, microbiology and field vehicles. Under the same…
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Antananarivo, Friday, March 6, 2020: COMESA Maritime Security (MASE) programme has trained 54 law enforcement personnel to strengthen the country’s and the regional capacity to fight money laundering and terrorism financing. They include magistrates, prosecutors, police/gendarmerie, officials from financial intelligence unit, anti-corruption commission, central intelligence services, among others. The latest capacity building event was a two-day…
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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 place…
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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 Chileshe…
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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 of…
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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, FEMCOM…
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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 and Southern…
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