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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 ...
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
As a signatory and Party to the 'SADC Protocol on Science, Technology and Innovation (2008) since 2018, Zimbabwe had committed to raising GERD to at least 1% of GDP by 2020. This was an ambitious target, given that a national African Science, Technology and Innovation Indicators Survey concluded in 2015 that Zimbabwe’s GERD amounted to less ...
The Trade and Development Bank (TDB), formerly the PTA Bank, is a trade and development financial institution operating in eastern and southern Africa. TDB is the financial arm of the Common Market for Eastern and Southern Africa (COMESA), although membership is open to non-COMESA states and other institutional shareholders. [3]
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]
The African Trade and Investment Development Insurance ( ATIDI) is an investment, trade and political risk-mitigation institution on the African continent intended to provide insurance against political and commercial risks in order to attract foreign direct investment to the region. ATIDI was founded in 2001 by seven COMESA countries, with ...
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]
In March 2020, blaming the challenges of dealing with COVID-19, the government allowed formal transactions in US Dollars once more. Zimbabwe once more extended its multi-currency system from 2025 until 31st Dec'2030 in October 2023 as a result of declining trust in the Zimbabwean dollar, which also declined by more than 80% in 2023.
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