ZEP-RE (PTA Reinsurance Company) a COMESA institution, has registered USD 18 million in profits for the year 2014 and has also retained its investment grade of B+ with AM Best rating agency.
The COMESA Monetary Institute (CMI) in collaboration with the Central Bank of Egypt conducted training in International Reserve Management in Cairo, Egypt from 19 to 30 April 2015.
Burundi is the fourth Country in the region to sign an additional grant agreement of €861,872 funding from the European Union (EU) under the 9th EDF Regional Integration Support Mechanism (RISM) programme. Swaziland, Zambia, and Kenya signed similar grant agreement earlier this week.
The Kenyan National Treasury has signed an agreement with the COMESA Secretariat to access funding to the tune of 1.8 million Euros under the European Development Fund (EDF). The funds will be used to implement activities under the country’s Regional Integration Implementation Programme (RIIP).
The Government of Zambia has signed 2.6 million Euros grant agreement with COMESA for the Regional Integration Capacity Building Project. The project is financed by the European Development Fund (EDF) under the COMESA Adjustment Facility (CAF).