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he Common Market for Eastern and Southern Africa – COMESA, celebrated 25 years since it was established in 1994 to succeed the Preferential Trade Area (PTA).
More than 300 delegates, led by Ministers and their representatives from the 21 Member States attended the celebrations hosted alongside the annual COMESA Policy Organs meetings in Lusaka, Zambia.
Among the key activities of the event were a high-level panel discussions that reflected on the past and the future of COMESA. Immediate former Deputy Chair of the African Union Mr. Erastus Mwencha, who is also a former Secretary General of COMESA was among panelists that included the current Secretary General Chileshe Kapwepwe, President of the Trade and Development Bank, Mr Admassu Tadesse and Chief Executives of the COMESA Competition Commission and PTA Reinsurance Company (ZepRe) Mr George Lipimile and Mrs Hope Murera respectively.
The Great Lakes Trade Facilitation Project was represented by the coordinator Thomas Barasa and TIDOS(Trade Information Desk Officers) .The Project representatives used the opportunity to showcase the achievements of the GLTFP.They explained to the delegates present the COMESA Simplified Trade Regime and distributed booklets on the same,the COMESA Charter ( minimum standards for treatment of small cross border traders) the Roles of Trade Information Desk Officers and much more.
The panelists addressed a cross section of key issues in regional integration.
At the event, Burundi presented its instrument of ratification of the Tripartite Free Trade Area agreement which brings COMESA, East African Community, and Southern Africa Community into a cooperative framework. This will bring to seven the number of countries that have so far ratified the Agreement.
The minister for Trade, Industry and Tourism Hon. Jean-Marie Niyokindi presented the Ratification Instrument to COMESA Secretary General, Chileshe Kapwepwe who is the chair of the Tripartite Task Force.
Transformative innovations that provides solutions to contemporary challenges, were recognized and awarded during the ceremony. The innovations were identified under the COMESA Innovation Award Scheme, which focus on new products, new methods of production and new ways of improving technology.
A Trade platform, known as African Gate (AFGT) intended to create value by exchanging goods with the potential of re-exporting to new markets and thereby expand inter- African Trade was recognized. The innovator, Mr Mohamed Gaber of Giza Moto company of Egypt received $10,000 to assist to hep him commercialize the innovation.
A previous winner of the Innovation Award, Mr. Jacob Maina of Kenya, testified on how financial support from COMESA helped him set up a successful motor vehicle security company. He is one of the 120 young African game-changers listed in Forbes Africa 2019, all under the age of 30.
The culmination of the COMESA Silver Jubilee Anniversary was on the 40th Council of Ministers meeting, which took place on Friday, 29 November 2019. The Ministersreviewed and approved the COMESA work programme and budget for 2020.