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The Common Market for Eastern and Southern Africa ( COMESA) is a regional economic community in Africa with twenty-one member states stretching from Tunisia to Eswatini. COMESA was formed in December 1994, replacing a Preferential Trade Area which had existed since 1981. Nine of the member states formed a free trade area in 2000 ( Djibouti ...
Chileshe Kapwepwe. Chileshe Mpundu Kapwepwe, is a Zambian accountant and corporate executive, who serves as the Secretary General of the Common Market for Eastern and Southern Africa (COMESA), effective 18 July 2018. She was elected at the 20th Heads of State COMESA summit in Lusaka, Zambia's capital city. [1]
COMESA was established in 1994 as a replacement for the Preferential Trade Area. It includes 20 nations, with a combined GDP of US$286.7bn in 2006. Among its members are Zimbabwe, Zambia, Uganda and Sudan. The EAC, the smallest of the member trade blocks in terms of GDP, had a GDP of US$46.6bn in 2006. Member states
Zambia contains abundant natural resources, including minerals, wildlife, forestry, freshwater, and arable land. In 2010, the World Bank named Zambia among the top 10 reformers in the World Bank's Ease of doing business index. The Common Market for Eastern and Southern Africa (COMESA) is headquartered in Lusaka.
Zambia is a developing country, and it achieved middle-income status in 2011. Through the first decade of the 21st century, the economy of Zambia was one of the fastest-growing economies in Africa, and its capital, Lusaka, the fastest-growing city in the Southern African Development Community (SADC). [18]
At one time Zambia refused to allow palm oil from Kenya citing that the goods didn't meet the 35% local content. Kenyan processed milk was also not allowed into Zambia at a time as Zambian officials had concerns with standards. Both countries are part of COMESA which is a free trade area aimed at promoting intra-African trade.
Tripartite Free Trade Area. The Tripartite Free Trade Area ( TFTA) is a proposed African free trade agreement between the Common Market for Eastern and Southern Africa (COMESA), Southern African Development Community (SADC) and East African Community (EAC). [1]
On Wednesday 22 October 2008, SADC joined with the Common Market for Eastern and Southern Africa and the East African Community to form the African Free Trade Zone, including all members of each of the organizations. The leaders of the three trading blocs agreed to create a single free trade zone, the African Free Trade Zone, consisting of 26 ...