Thirty-two economists from 12 Central Banks in the COMESA region have been trained on the basic Dynamic Stochastic General Equilibrium (DSGE) Modelling and Time Series Analysis. These are used in monetary policy formulation in inflation and targeting monetary policy regime to which most COMESA Central Banks are transitioning. The training was conducted virtually on 11…
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The COMESA Regional Resilience Implementation Plan and Resource Mobilization Strategy is nearing completion following final review by experts in climate change, resilience, disaster risk reduction and management, drawn from 14 Member States, Regional Economic Communities (RECs) and the African Union Commission. At the same time, country focal points for the Nationally Determined Contributions (NDCs) from…
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Former Prime Minister of Ethiopia, H.E Hailemariam Desalegn, who is now the Board Chair of the Alliance for Green Revolution for Africa met with COMESA Secretary General Chileshe Kapwepwe, Saturday, July 16 in Lusaka, Zambia. Their talks focused on AGRA’s bid to become an agency of the African Union. COMESA pledged to support and advocate…
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Lusaka, Zambia, Thursday, 14 July 2022: The African Development Bank and the Common Market for Eastern and Southern Africa (COMESA) have signed a Letter of Agreement for a US$550,000 NEPAD Infrastructure Project Preparation Facility grant to support a feasibility study for setting up an Africa Cloud Ecosystem (ACE) project. The grant will support the first…
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National consultations on the COMESA Early Warning System (COMWARN) Structural Vulnerability Assessments Methodology (SVAs) got underway in Mauritius on 6 July 2022 involving government and key stakeholders. The three days consultations held in Port Louis aim at developing an early warning system based on structural data. These reports provide Member States with the projected structural…
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COMESA scooped the top award as the best international exhibitor at the just concluded international trade fair that took place in Ndola town in Zambia’s Copperbelt Province 29 June – 5 July 2022. Zambia’s President H.E. Hakainde Hichilema presented the Best International Exhibitor trophy to the COMESA expo team after the official opening of the…
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One of the key roles of a government is to develop the national budget as a guide towards achieving specific development and social objectives. This includes determining the resource envelope namely; domestic revenue (tax and non-tax revenue), donor grants, and the borrowing needs for funding the identified priorities. Quite often, fiscal outturns differ substantially from…
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Rwanda’s Small and Medium Sized Enterprises (SMEs) engaged in horticulture and agro-processing are set to access the Egyptian market following a successful trade mission facilitated by the COMESA Regional Enterprise Competitiveness and Access to Markets Programme (RECAMP). Fourteen SMEs from the Private Sector Federation accompanied by two officials from the Ministry of Trade and Industry…
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The COMESA Monetary Institute (CMI) has commenced preparatory work towards the production of a Financial Stability Report (FSR) for the COMESA region. The first working group of experts meeting took place in Nairobi, Kenya on 22 – 24 June 2022 with participants from the Central Banks of DR Congo, Egypt, Mauritius, Sudan and Zambia. The…
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Management and Senior staff at COMESA Secretariat led by Secretary General (SG) Chileshe Kapwepwe, participated in a two-day team building retreat in Lusaka from 29 – 30 June 2022. This followed over two years of flexi-working, from home or office since the onset of COVID-19. The retreat provided an opportunity to reconnect, meet and bond…
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