Latest in Tag: COMESA Highlight
Latest in Tag: COMESA

CBE hosts training programme on challenges facing central banks in COMESA in field of supervision, control
This was done in implementation of presidential directives to support Egyptian-African cooperation and integration, and in continuation of the CBE’s pioneering role in achieving banking integration among African central banks.

Cairo hosts 9th COMESA Annual Research Forum
Minister of Trade and Industry Ahmed Samir stated that Egypt is making great efforts to promote joint African action and achieve continental economic integration during its presidency of COMESA.

Al-Sisi calls for govt-private sector integration as Egypt takes the chair in COMESA 2021
Progress made in terms of continental economic integration has been accompanied by many challenges due to COVID-19, says Al-Sisi

Trade exchange between Egypt, COMESA countries records $3bn in 2020: Cabinet
Egypt’s exports to Libya, Kenya, Sudan, Ethiopia, and Tunisia have largest export potential in 2025, estimated at $2.3bn

Egypt to host, chair 21st COMESA Summit on 23 November
This year’s summit aims at encouraging digital economy tools to facilitate business practice within COMESA

Egypt participates in 17th meeting of COMESA Peace and Security Committee
It is part of preparatory meetings for 21st COMESA Summit

COMESA Infrastructure Ministers urge member states to scale up infrastructure programmes
Ministers acknowledged huge infrastructure efficiency gap across region is pressing policy priority

Afreximbank, COMESA partner to implement $1bn Continental Transit Guarantee Scheme
It comes after the signed the Instrument of Accession to the Inter-Surety Agreement for the Implementation of the COMESA Regional Customs Transit Guarantee/bond Agreement.

Egypt, COMESA discuss ways to enhance joint economic cooperation
Egypt’s MSMEDA to launch 50 Million African Women Speak platform in November, in cooperation with COMESA, EAC, and ECOWAS

MSMEs make up 80% of African economy, employ 70% of total population: COMESA
Venkatasamy’s remarks came during the Financial Services Regulators Sub-regional Stakeholder Meeting that discussed solutions to increase intra-trade and financial flows for MSMEs in Africa.

CBC engages with COMESA, Kenya to address trade impediment
Further concerns have been raised regarding the cancellation of pre-existing orders due to the measures Kenya has imposed, namely the non-preferential customs duties that are applied on COMESA origin goods.

Kenya imposes 25% customs on Egypt exports, violating COMESA agreement
Trade exchange between Egypt and COMESA countries stands at approximately $2.5bn

COMESA adopts guidelines for cross-border movement of essential goods, services
CBC recommends member states ease movement of essential transit cargo across region

COMESA to develop online information platform for essential products
Member states will electronically publish new trade, customs measures in response to pandemic

African countries can seize coronavirus crisis to expand intra-continental trade: COMESA
COMESA calls on central banks in member states to keep interest rates low to stimulate domestic production and consumption

17.2%, hike in Egypt’s exports to COMESA in 2018
The report showed out that the highest exports were concentrated in five African countries, including Libya, Sudan, Kenya, Ethiopia, and Uganda, respectively, accounting for85.5% of Egypt’s total exports to COMESA countries.

COMESA Industrial Strategy cleared for implementation
Ministers urged member states to integrate activities of Regional Action Plan into their National Industrial Development Plans for implementation

COMESA, EU sign €10m facility to support private sector
The business community in COMESA is set to benefit from €10m kitty provided by the European Union (EU) to support increased private sector participation in regional and global value chains. This follows the signing of a financing agreement between the EU and COMESA to implement the Regional Enterprise Competitiveness and Access to Markets Programme (RECAMP). …

CBE holds workshop to introduce REPSS’ mechanism, benefits
‘System helps develop economic relations, increase trade exchange between Egypt, COMESA countries,’ says Nozahie

TFTA to enter into force by end-2019: COMESA secretary-general
COMESA signs MoUs with eight African economic blocs to ratify TFTA, says Kapwepwe

AfCFTA, COMESA ways for thriving Africa
Agreements to increase trade opportunities among African countries with 52% by 2022: Nassar

TFTA is unique integration initiative: COMESA Secretary General
Necessary to establish African common markets, especially digital ones, says AU Commissioner

$1.6bn Egypt’s exports to COMESA countries last year
Nassar calls COMESA countries to participate in the Intra-African Trade Fair (IATF) set to take place in Egypt in December

COMESA encourages member states to adopt full digital technologies to reduce digitisation disparities in economic sectors in region
The Common Market for Eastern and Southern Africa (COMESA) encouraged its member states to adopt full digital technologies in their quest to reduce the disparities in digitisation among their citizenry and across sectors in the COMESA region. In the 38th COMESA Council of Ministers, which concluded on Monday in Lusaka, Zambia, it considered various recommendations …

COMESA opens investigation into FIFA over World Cup broadcast rights
The Egyptian Competition Authority (ECA), in an official statement released Tuesday, said that the Common Market for Eastern and Southern Africa (COMESA) opened an investigation into the International Federation of Football Associations (FIFA) for not terrestrially broadcasting the World Cup’s matches that will kick off on Thursday in Russia. The ECA explained that based on …

Heitkenoffel plans to export fibre optics to Nile Basin, COMESA countries in 2019
Company targets 25% annual growth, plans to increase local components to 80%, Nofal says

CBE activates electronic link between Egyptian banks, COMESA countries
The Central Bank of Egypt (CBE) held a workshop attended by 60 representatives of the Export Development Authority (EDA), members of export councils, chambers of commerce, business associations and many companies working with Common Market for Eastern and Southern Africa (COMESA) countries to familiarise them with the electronic link system between Egyptian banks and African …

COMESA looks to raise share of global trade to 12% in 10 years: COMESA Business Council chairperson
Egypt exports to COMESA countries worth $2.5bn; 60% to Sudan, Libya

COMESA develops instruments for implementing Digital Free Trade Area
Organisation provides favourable trading environment for Egyptian exports, says COMESA secretary general

Linking Egyptian banks to COMESA supports economic relations, facilitates funds transfer: CBE Deputy Governor
Starting series of workshops to raise awareness of all state sectors of the new system and its importance