The Common Market for Eastern and Southern Africa

COMESA INSTITUTIONS

An integral component of the COMESA success narrative has been its institutions. These are needs-based and respond to very specific niches in the region. In addition to providing expertise in specific areas, the institutions are involved in skills development and extensive market research that allows them to link evidence to their decision-making processes. To support the integration program, COMESA has established financial institutions to provide not just the much needed credit (the Trade and Development Bank), but also to provide insurance for non-commercial risks (the African Trade Insurance Agency), re-insurance (ZEP-Re (PTA) Reinsurance Company) and to facilitate international payments (the Regional Payment and Settlement System), and to underpin competition in the region (the COMESA Competition Commission).