Author: Mathews Lungu

Taking Stock of the Implementation of Regional Guidelines, two Months After

There is need for establishment of a public-private border management consultative committee to foster dialogue, collaboration and awareness on new regulatory requirements and response mechanism. This will provide a framework for continued intra-regional trade during the COVID-19 Pandemic. This was part of the recommendations that emerged from virtual a virtual meeting with regional stakeholders from…
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45.6% COVID-19 Recoveries in COMESA Region

The regional COVID-19 recovery rate in COMESA stands at 45.57%, which is an improvement from figures recorded one week ago. A total of 84,414 people have recovered out of 185,249 confirmed cases and 2,018,130 tests conducted. Read more: COVID-19-Situational-Update-23

FEMCOM Zimbabwe Launches Women’s Bank

The Federation of National Association of Women in Business, Zimbabwe Chapter has reached a new milestone with the launch of a micro-finance institution to support women economic empowerment. The institution, known as Empowered Woman Excel SAACO Bank, which was launched last month targets women in various sectors including agribusiness, teaching, mining, handicrafts and textiles, transportation,…
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Regional Annual Inflation Rate Spikes

The year on year, inflation rate in the COMESA region as measured by the Harmonized Consumer Price Index (HCPI-COMESA) stood at 49.0% for the month of May 2020, up from 43.4% registered in April 2020. A year earlier the rate was at 21.2%. According to the latest HCPI report, the latest month on month inflation…
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Framework for Regulatory Oversight for the Regional Energy Market Developed

The Eastern-Africa, Southern Africa and the Indian Ocean (EA-SA-IO) is developing a framework for regulatory oversight for the regional energy market to guide cross border power trading. The final report of the framework has now been presented to the COMESA Regional Association of Energy Regulators for  Eastern and Southern Africa (RAERESA) by the Consultants contracted…
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82% of NTBs in COMESA are Operational and Easy to Monitor: But Behind-the-border type of NTBS are more complex.

At least 82% of the reported Non-Tariff Barriers in the COMESA region are those imposed on imports and exports of goods and services and are largely operational by design. According to trade experts, these type of NTBs are easy to identify and monitor. Thus, from an analytical perspective, the relatively high rate of resolution of…
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COMESA Region has Increased Staple Crop Production

Most countries in the COMESA region have recorded an above average yield in the production of staple foods for the 2019/2020 farming season, and this is expected to reduce hunger among the 560 million people. According to COMESA Seed Expert Dr John Mukuka, the increase is due to the fact that 90% of the 80…
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Phase II of Tripartite Capacity Building Programme Begins as AfDB Provides $1.1m for Implementation

COMESA Secretariat has received $1.1 million funding from the African Development Fund (AfDB) for the implementation of the Tripartite Capacity Building Programme Phase II. The funds will support COMESA, East African Community (EAC) and the Southern Africa Development Community (SADC) and their Member States to operationalize the Tripartite Free Trade Area (TFTA), a major milestone…
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Study on the Sustainability of Trade Information Desk Underway

The World Bank funded Great Lakes Trade Facilitation Project (GLTFP) has launched a three-months study to develop appropriate strategies of maintaining and sustaining the Trade Information Desk Offices (TIDOs) at the border points. The objective is to enable the TIDOs to continue facilitating cross border trade beyond the timelines of the main project which ends…
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COMESA Bank in an Unprecedented Funds Mobilization

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 Financing…
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