our latest news
A number of countries have started gradual relaxation of the strict measures they have had in place even as COVID-19 cases continue to rise in the COMESA region. As of 8th July 2020, the total reported cases were at 131,401 which translates to 2.19% of the total regional population COVID-19 in COMESA_Situational Update #20July 9, 2020
World Bank Approves $425 Million Towards Infrastructure Financing The World Bank Board of Directors has approved a total of US$425 million in International Development Association (IDA) financing to support infrastructure development in the Eastern and Southern Africa through the Trade and Development Bank (TDB) and COMESA Secretariat. This funding falls under the Regional Infrastructure FinancingJuly 8, 2020
The COMESA National Federation of National Associations of Women in Business (FEMCOM) Chapter in DR Congo has embarked on a $2,300,000 project to support women in business. Among the businesses earmarked include production and marketing of local fresh foods and smoked foods, fruits and vegetables. Others are value-added agricultural products and those involved in theJuly 7, 2020
It’s close to two months since COMESA developed and issued guidelines for movement of goods and services across the region during the COVID-19 Pandemic. During this period, there has been a notable adherence to the guidelines and the advisories provided by World Customs Organisation (WCO) and United Nations Conference on Trade and Development (UNCTAD) atJuly 6, 2020
By 2018, 98% of NTBs reported since 2008 had been resolved. These covered: liberalisation of import licensing, removal of foreign exchange restrictions, import and export quotas, easing of customs formalities, creation of one-stop border posts etcread more
FREE TRADE AREA
COMESA established a Free Trade Area in 2000, setting the stage for the reduction of tariffs amongst Member States. Hence, intra-COMESA trade has grown at an average of 7% with higher inceases reflected between intra-Free trade Area States.read more
VIRTUAL TRADE FACILITATION
COMESA CVTFS is an online system that integrates other COMESA trade facilitation instruments in one platform. It also helps to monitor consignments along different transport corridors across the region.read more
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