COMESA Secretariat has conducted a study on the socio-economic impacts of the COVID-19 pandemic in the region. The study is expected to help Member States in developing policies to address the impacts of the pandemic on their economies. According to the study, only six Member States: Egypt, Ethiopia, Kenya, Malawi, Rwanda and Uganda are projected…
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The Council of Ministers has endorsed the COMESA COVID-19 Food and Nutrition Security Response Plan developed to help the region deal with the impacts of COVID-19 on regional food security. The plan is designed to address immediate, short-term and medium-term food security and livelihoods needs while integrating the response effort to the long-term regional agriculture…
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COMESA region is projected to grow by 0.6% in 2020 down from 5.2% attained in 2019. This is according to a report on the macroeconomic developments in the region presented at just concluded COMESA policy organs’ meetings. The low projected growth in 2020 reflects largely the impact of COVID-19 containment measures that includes quarantine, lockdowns,…
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Lusaka, November 28, 2020: COMESA Council of Ministers has granted Kenya a two year extension of the sugar safeguard beginning March 2021 to February 2023. In its 41st meeting conducted virtually on Thursday, 26 November 2020, the Council urged Kenya to share the modalities used in calculating the projected sugar deficit with other Member States…
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Friday, November 27, 2020: COMESA and the government of Zambia have signed an agreement that sub-delegates the implementation of coordinated border management activities and trade and transport facilitation programme in three border posts in the country. The sub-delegated activities are worth Euro 6,688,560 and will support upgrading of priority cross-border infrastructure and equipment at Mwami,…
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There is need for more development of electronic education (e-Education) and e-Health infrastructure especially in rural areas to ensure marginalized people are not cut off from development enjoyed in cities and urban areas at this time of COVID-19. According the Vice President of Zambia Mrs. Inonge Wina, improvements in telecommunications have come to the rescue…
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Lusaka, November 23, 2020: The COVID-19 pandemic constituted a key discussion point in the just concluded COMESA policy organs meetings, owing to its predominant negative impacts on regional integration and more so on the movement of goods and services. As he opened the 41st Meeting of the Intergovernmental Committee, Monday 23rd November, Zambia’s Minister of…
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The COMESA Ministers of Justice and Attorneys General have adopted the COMESA Board of External Auditors (COBEA) instruments which will now govern its operations as external auditors for COMESA. The COBEA legal instruments include the Rules of Procedure, the Standard Operating Procedures, the Quality Assurance Manual and the Financial Auditing manual. COBEA is made up…
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COMESA Secretariat has prepared a scaled-down budget for 2021 to leverage on information technology in carrying out its activities. The decision was informed by the performance of this year’s budget, which recorded significant savings under meetings, workshops and conferences, which constitutes a significant percentage of the expenditure. The adoption of virtual meetings was occasioned by…
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The annual inflation rate for the month of September 2020 increased to 81.9% up from 23.4% recorded in the same month last year. This means that prices of goods and services in the participating Member States went up.. According to the latest Harmonized Consumer Price Index (HCPI) which measures inflation rate in the COMESA region,…
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