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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 ...
2008. The African Free Trade Zone ( AFTZ) is a free trade zone announced at the EAC-SADC-COMESA Summit on 22 October 2008 by the heads of Southern African Development Community (SADC), the Common Market for Eastern and Southern Africa (COMESA) and the East African Community (EAC). The African Free Trade Zone is also referred to as the African ...
Formation. The Intergovernmental Authority on Development was established in 1996. It succeeded the earlier Intergovernmental Authority on Drought and Development (IGADD), a multinational body founded in 1986 by Djibouti, Ethiopia, Somalia, Sudan, Uganda and Kenya, with a focus on development and environmental control.
The African Economic Community (AEC) is an organization of African Union states establishing grounds for mutual economic development among the majority of African states. The stated goals of the organization include the creation of free trade areas, customs unions, a single market, a central bank, and a common currency (see African Monetary Union) thus establishing an economic and monetary union.
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 Regional Economic Communities (RECs) in Africa group together individual countries in subregions for the purposes of achieving greater economic integration. They are described as the "building blocks" of the African Union ( AU) and are also central to the strategy for implementing the New Partnership for Africa's Development (NEPAD).
International organisations in Africa. —The following table lists the independent African states, and their memberships in selected organisations and treaties. State (57) [1] GNI [2] Currency [3] UN [4] AU [5] Interregional. South African.
The East African Community ( EAC) is an intergovernmental organisation composed of eight countries in East Africa. The member states are the Democratic Republic of the Congo, the Federal Republic of Somalia, the Republics of Burundi, Kenya, Rwanda, South Sudan, Uganda and Tanzania. [5] Salva Kiir Mayardit, the president of South Sudan, is the ...
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