Category: Latest News

The ZTK Regional Power Interconnector is on Course

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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Statement: Region Should Prepare for COVID 19 Effects

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

Burundi gets €150,000 Equipment to Raise Quality Standards

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…
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Madagascar Law Enforcement Agencies Equipped to Fight Money Laundering

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…
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Youth Leadership Summit Launched in Zambia

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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Rebooting Zimbabwe`s Textile Industry: Chitungwiza Cluster Targets $500,000 Turn-over by end of 2020

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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COMESA, UNV Revives Partnership on Youth Employment

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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Tunisia is now Ready to Trade under the COMESA FTA

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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COMESA Region Annual Inflation Rate at 31.6%

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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Monetary Policy Formulation Guide Developed

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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